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Foxbat calls Perth a buy September 2016
Topic Started: 22 Sep 2016, 10:35 PM (9,150 Views)
Foxy
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Zero is coming...

Ok,

Mining bust has hit the West hard,

I have put an offer in on an apartment at $1,100,000, it was valued at $3,800,000 at the peak of the boom.

So i am happy to take the $50,000 i put into lithium and buy the unit.

If the owner lets it go.

So to all in Perth, i am seriously looking at buying.

If you can smash a pearler of a deal in the West, Foxbat says to me give it a go.

Good luck to all.

Peter

Please do your own research.

I will only be putting the $50,000 of lithium money into the Perth market.
Kidman Resources shares soar as large lithium deposit takes shape | afr.com
http://www.afr.com/business/mining/kidman-resources-shares-soar-as-large-lithium-deposit-takes-shape-20160921-grl4z8
Edited by Foxy, 22 Sep 2016, 10:43 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Tropical Boy
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I thought Foxbat would have said more something along lines "September 2018"..
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Foxy
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Zero is coming...

Tropical Boy
23 Sep 2016, 02:03 AM
I thought Foxbat would have said more something along lines "September 2018"..
If i can take $50,000 i put into gold and lithium shares, buy an apartment that was valued at 3
$3,800,000 during the boom, i will do it.
But no debt.
Cash.
2018???
Who knows.
I am not talking about property that may have dropped $50,000, i am talking $2,7m drop and using my cash of $50,000.00

Be very clear.

Peter

Dyor plesse.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Jimbo
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Tropical Boy
23 Sep 2016, 02:03 AM
I thought Foxbat would have said more something along lines "September 2018"..
There are some "bargains" out there right now if you compare to two or three years ago.

But Perth still has a way to go until it hits the bottom.

And at around the time Perth looks like recovering, the East Coast market will be heading into crash territory.

All foretold by a simple pocket calculator computing global zero bound interest rates in a global fiat money economic system where promises to pay are greater than the ability to keep those promises.

Perth is the bellwether. The rest will follow.
Edited by Jimbo, 23 Sep 2016, 07:03 AM.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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newjez
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Jimbo
23 Sep 2016, 07:03 AM
There are some "bargains" out there right now if you compare to two or three years ago.

But Perth still has a way to go until it hits the bottom.

And at around the time Perth looks like recovering, the East Coast market will be heading into crash territory.

All foretold by a simple pocket calculator computing global zero bound interest rates in a global fiat money economic system where promises to pay are greater than the ability to keep those promises.

Perth is the bellwether. The rest will follow.
I'm not sure I agree. Perth is the exception that proves the rule.

Why would Sydney fall?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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newjez
23 Sep 2016, 08:33 AM
Why would Sydney fall?
Because it offers yield at the tail end of an investment economy without yield.

The last stretch of the economic lacky band.

The lacky band that turns white when it get stretched too far and then unexpectedly snaps.






Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Foxy
Member Avatar
Zero is coming...

I will gold and lithium that.
Peter
I will gold and lithium that.
Peter
Tianqi Lithium to build new plant in $400m expansion
http://www.theaustralian.com.au/business/mining-energy/tianqi-lithium-to-build-new-plant-in-400m-expansion/news-story/2ff611266f6465a88ef23a6d27227f1d
https://au.news.yahoo.com/thewest/wa/a/32703121/thousands-leave-wa-for-other-states/
Edited by Foxy, 23 Sep 2016, 11:49 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Matthew
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Jimbo
23 Sep 2016, 07:03 AM
And at around the time Perth looks like recovering, the East Coast market will be heading into crash territory.

What makes you think that Dimshit? Gut feel?

Quote:
 
Perth is the bellwether. The rest will follow.
Horseshit.
My only hope for my three boys is that they turn out nothing at all like Chris.
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newjez
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Jimbo
23 Sep 2016, 09:11 AM
Because it offers yield at the tail end of an investment economy without yield.

The last stretch of the economic lacky band.

The lacky band that turns white when it get stretched too far and then unexpectedly snaps.





Or Sydney rents could rise.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Trollie
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Brave move fruitbat.
Jimbo
23 Sep 2016, 07:03 AM
Perth is the bellwether. The rest will follow.
What a load of bullshit :lol.
Edited by Trollie, 23 Sep 2016, 01:14 PM.
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