FreckleBlocked@freckleJoin Date: 2012Post Count: 1,681
A couple of resource reports to keep you up to date if you are invested or thinking of investing in resource sensitive regions.
BREE Apr 2013
May 2013TheFinanceShopParticipant@thefinanceshopJoin Date: 2012Post Count: 1,271FreckleBlocked@freckleJoin Date: 2012Post Count: 1,681
BHP just released their forward looking presentation (Coal operations) to the market via the ASX. Again this should help investors understand the resource sensitive RE markets especially around coal projects. Investors should be weary of future projected capex spends. Miners have traditionally promised much and delivered lower. That's unlikely to change over the short to medium term.trickeymickeyMember@trickeymickeyJoin Date: 2012Post Count: 19
Great read Freckle! Whilst we all agree capital expenditure has peaked this year and China's demand has slowed, page 23 reads, "severe production constraints in Australia led to a sharp price increase in CY11". I wonder what would happen if the AUD drops to 70-80 US cents and we have another summer of floods like 2011? From page 24, "Future supply growth is predominately Australian" and the graph shows over half of the worlds supply from Australia, now and in the future. Moranbah's real estate market at it's peak was never really sustainable, and given BHP acknowledge the dampening effect of LNG on coal, we may never see a repeat of the last few years as far as real estate in mining markets is concerned….However, it looks like coal will remain a huge part of Australia.