Club Mulgoa

Saturday, March 24, 2012

Asia or more specifically, the Far East

http://minesite.com/news/that-was-the-week-that-was-in-hong-kong-and-australia

Not many people can read in between the lines. What Our Man In Oz is trying to say is that for a small country like Australia, the source of capital to develop the mines will be coming from Asia, especially the Far East. Whether Barnaby Jones or Bob Katter wants to make noise about foreign investors, the truth is Australia does not have enough home-grown capital. The investor base is too small for what the country is endowed with.

Once the Chinese discover how cheap Australia is, you will see a swarm of Asian investors parking their money here. Don't blame them; Aussies are selling their assets cheaply and Aussies prefer to play sports. Or rather watch sports. I am buying before the Asians wake up from their ignorance about the ASX... and while fellow Aussies are indulging in sports.

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