The production phase is here apparently. Can't you see it?
The production phase gone wrong .
The problem is as iron ore prices rose , everybody started ramping up production , more miners coming on board, expansion of current mines, with more workers more equipment and more production.
So many financed things looking at the prices remaining high, so these new businesses starting making plenty of profit, but as production increased and demand decreased from china, prices started dropping fast. So these new once highly profitable mines are now barely scraping by and will collapse as the price drops further. We have other countries which also ramped up iron ore production too .
Its good to get your opinion however someone is never going to risk 800k plus for 20% gain in one trick pony town, ever heard of liquidity risk!
Furthermore to be captain hindsight, same time period banks shares have had capitals gains of 60% plus divs on top, close to 100% gains.
Im not really having a go @ mmm I agree with most of his posts Just seems like hedged bet to me.
If it turns out he can come on here and say look @ me!
When in reality its a kook koo land risk/ reward ratio fail.
Also this is left field compared to the stuff i read from mmm .
There would of been plenty investing up there at one stage, that's why the prices went so high and plenty that would of been burnt too.
You say it was left field of my posts , and I explained that at the beginning. The reason was the bulls were calling me king bear or some shit. I was just showing them that while property was going down everywhere else in Australia there are some you will see with large growth over the year . I clearly explained the risks and said it could collapse at anytime. I said they would go up by 20% over the year, and one came in at just over 20% and the other 19.4% from memory. And yes it has since collapsed as I explained could happen at anytime.
And yes I known the share market. The one I gave you last month went up 5% the following day, in one day , and is up about 10% . So something to note , I get 5-10% return in a day or two yet these bulls rave on about a 4% return in one whole year. If only they could see how funny it looks to others.
I was just showing them that while property was going down everywhere else in Australia there are some you will see with large growth over the year . I clearly explained the risks and said it could collapse at anytime. I said they would go up by 20% over the year, and one came in at just over 20% and the other 19.4% from memory. And yes it has since collapsed as I explained could happen at anytime.
And yes I known the share market. The one I gave you last month went up 5% the following day, in one day , and is up about 10% .
Quote:
The reason was the bulls were calling me king bear or some shit.
Don't flatter yourself, you're a mere lady in waiting in the bear aristocracy.
Quote:
So something to note , I get 5-10% return in a day or two yet these bulls rave on about a 4% return in one whole year. If only they could see how funny it looks to others.
How about your loses? Or do you always make 5-10% returns in a day or two? Why aren't you worth trillions if you consistently manage that return?
The reason was the bulls were calling me king bear or some shit.
Corrected for you
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
They are doing just fine thanks chump, havent you heard? Good quality property there has been selling for $400k and more Not only that but there has been 480 jobs wiped from Aurizon in Townsville and Ipswich and the new centre of the universe for their operations is now going to be Depot Hill.
In the interim I'll just happily take my $320/week for $100k and less purchase price on these now, unencumbered properties. While you continue to fume at your backwards trek on your zero yield metal And lament the loss of money from selling Sydney far to early and slowly lose your sanity over the losses you made on all that failed MMMORONbah shit you were trying to pump and dump.
Have fun
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I noticed your IPS are not doing to well in depot hill frank.
Click on trend, click on annual prices at bottom of graph. This is far from what you have described to us frank, very very far from it.
They are doing just fine thanks chump, havent you heard? Good quality property there has been selling for $400k and more...
And what does that have to do with the dog boxes you own there frank? You have admitted it here on the forum countless times that you buy the cheapest dumps you can. Your properties would be at the lower end of MMM posted prices, certainly not any where owners have added value by installing pontoons for a quick escape when the river rises and the floods return.
Why a council would allow houses built there in the first place is no mystery though. Corruption is rife in all local councils. Some fat farmer got a pocket full of cash for the Depot Hill flood plain.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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