Business Description

Gladstone Pacific Nickel Ltd. The Group's principal activity is exploring for and developing nickel and cobalt minerals. It operates only in the mineral evaluation business within Australia and south-west Pacific region.

Gladstone Pacific Nickel Limited (GPNL) is an Australian mining development company presently undertaking a Definitive Feasibility Study (DFS) for the Gladstone Nickel Project (GNP). The company's vision is to build a major long-life nickel cobalt refinery at the deepwater Port of Gladstone, in Central Queensland, Australia, treating abundant high grade nickel laterite ores from New Caledonia and other south-west Pacific islands, underpinned by beneficiated ores from its own Marlborough deposits. The Project has the potential to be one of the largest of its type in the world producing some 126,000 tpa nickel (8 -10% of global nickel demand) and 10,400 tpa of cobalt metal from its first two stages.

The GNP will comprise of; a high pressure acid leach (HPAL) plant and metal refinery in the Yarwun Precinct of the Gladstone State Development Area (GSDA); nickel mines and loadout/shipping facilities in New Caledonia and potentially other south-west Pacific islands; ore importation facilities at the Port of Gladstone; a modern nickel mine and beneficiation plant at Marlborough with a proposed slurry pipeline to take the beneficiated ore to Gladstone; and a long-term residue storage facility located in the Aldoga Precinct of the GSDA.

KEY DATA:

Gladstone Pacific Nickel Ltd Ticker: GPN

GPN Directors/Managers :
Chairperson (Exec.): Mr RA Pearce (Robert)
Executive Director an d executive Chairman: Mr PJ Matheson (Peter)
Director (Non-Exec.): Mr AE Daley (Andrew)
Director (Non-Exec.): Mr JG Henderson (James)
Director (Non-Exec.): Mr PJ Watson (Peter)


Exchanges: LON
0 Sales: 0
Currency: Australian Dollars
Fiscal Year Ends: June
Share Type: Ordinary
Country: Australia
Major Industry: Metal Producers & Products Manufacturers
Sub Industry: Miscellaneous Metal Producers
Employees: 9
Market Capitalization: 143,348,407
Ordinary Shares in issue.41,909,716
Closely Held Shares: 9,575,000

16-03-2007 RAB Special Situations - 13,463,642 44.3700
11-04-2006 Andrew Daley - 1,250,000 5.9900


http://www.gladstonepacific.com.au/clientuploads/Presentations/GPNL_MajorProjectsConference_28Jul06.pdf

NEW project presentation!

http://www.gladstonepacific.com.au/clientuploads/Presentations/070326NewCalNiConfPresentation-English.pdf

http://www.gladstonepacific.com.au/index.php?src=


Useful Links

http://www.mineralprices.com/

http://www.lme.co.uk/nickel.asp

http://www.miningnews.net/

http://www.minesite.com/

With this latest news you would expect this share to fly now, but in these markets it may not what do you think ajcc/smiler

GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('GPNL'' or 'the Company')




GPNL TERMINATES ORE SUPPLY HEADS OF AGREEMENT WITH SMT




As announced on 22 July 2008, the cross equity participation arrangements on the Ouinne SAS JV have now been fixed with SociMinie Georges Montagnat ('SMGM'). GPNL today announces the termination of its Heads of Agreement ('HOA'), to secure limonite nickel ore supply from New Caledonia, with Socides Mines de la Tontouta ('SMT').




The agreement with SMT provided GPNL with an option, upon payment of an additional option fee before 1 January 2008, to participate in the development of a new mine in New Caledonia. The date for payment of the option fee was extended, however, despite the efforts of both parties; the lack of success in obtaining access to the tenements for drilling purposes, has resulted in the Company electing not to exercise its option.




GPNL's CEO, Mr. John Downie, said, 'It became clear that access to the proposed new SMT mine site, to initiate drilling activities and then to continue with ultimate development, would be difficult and take a considerable amount of time. The Company's objectives will be better served by focusing its resources at other more immediate opportunities.'




Mr. Downie further added, 'GPNL's Feasibility Study (iDFS) did not include the supply of ore from the location under this HOA with SMT. Instead, it assumed that ore would be sourced from the Company's JV with SMGM at Ouinne in New Caledonia. Drilling is progressing at Ouinne with 3,871 metres of its 8,000 metre program complete.'




The iDFS included the purchase of 600,000 to 800,000 wet metric tonnes of limonite nickel ore per annum from SMT's existing mines under the HOA. The Company will however now source this ore from Ouinne through its Joint Venture with SMGM subject to appropriate approvals being granted by New Caledonian authorities.




'The Company continues to progress development of its ore resource base and will continue to work with SMT, outside of the previous HOA, to explore additional resource opportunities' said Mr. Downie.

Gladstone Pacific Nickel says terminates ore supply heads of agreement with SMT
AFX


LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd. said it has terminated the ore supply heads of agreement from New Caledonia with Socie des Mines de la Tontouta (SMT).

It said the agreement with SMT provided the company with an option, upon payment of an additional option fee before Jan.1, 2008, to participate in the development of a new mine in New Caledonia.

The company said it will now source limonite nickel ore from Ouinne through its joint venture with Socie Minie Georges Montagnat (SMGM) subject to approvals.

Separately, it said it has received a commercial offer for the turnkey procurement and construction contract from MCC.



tf.TFN-Europe_newsdesk@thomson.com

flasher I agree it should have done better !! I dont think this share has the following like TMC etc still has a lot of potential especially at 63p ! with luck Just a matter of time with this One ! ;)

30 July 2008

GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

('GPNL' or 'the Company')

SIGNIFICANT PROPOSAL RECEIVED

To enter into discussions regarding a merger




GPNL has received a proposal to enter into discussions regarding a merger with Resource Development International Ltd ('RDI'), an unlisted company controlled by GPNL's chairman, Clive Palmer (the 'Proposal').




Under the Proposal, GPNL shareholders would exchange their shares in GPNL for shares in RDI valued at 2.20 per GPNL share, based on RDI's IPO share price. The Proposal envisages that the merger would be implemented by way of a scheme of arrangement under the Corporations Act which would, amongst other things, require GPNL shareholder approval.




Clive Palmer holds approximately 13.95% of the shares in GPNL. Clive Palmer and Mr Domenic Martino are directors of RDI and GPNL.




Resource Development International Ltd

RDI is a company which has recently been formed to acquire substantial iron ore, nickel, exploration and energy interests. RDI is planning a proposed A$5 billion IPO in late 2008 and listing on the Hong Kong Stock Exchange ('HKSE') and/or the Australian Securities Exchange ('ASX').




RDI Proposal

The Proposal does not constitute a formal offer by RDI for GPNL shares. Should the Proposal be accepted by the Board of GPNL, a Scheme Implementation Agreement would be executed between RDI and GPNL to progress the opportunity.




At present, the proposed terms and key features of the Proposal are:




RDI will offer to acquire all shares in GPNL for shares in RDI by means of a scheme of arrangement;




The Proposal places a notional price of 2.20 on each GPNL share. The Proposal provides that the consideration to be offered to GPNL shareholders will consist of RDI shares, with the number of RDI shares to be issued for each GPNL share to be determined by dividing the sum of 2.20 by the UK currency equivalent of the price of an RDI share offered under RDI's disclosure document for its proposed IPO. It is not known at this stage what percentage interest GPNL shareholders would hold in RDI as a result, but it is likely to be a minority interest;




The proposed merger would be conditional on RDI listing on the HKSE. It is understood RDI may also consider applying to list on the ASX;




Details of the timing of the proposed merger and the listing of RDI have yet to be determined, however, it is proposed that the merger and the listing would be completed by late 2008;




The merger would be conditional on Australian capital gains tax rollover relief being available to GPNL's Australian resident taxpaying shareholders, mutual due diligence, material adverse changes and other conditions usual for a transaction of this nature;




Any scheme would be subject to the approval of GPNL's non-associated shareholders, Court approval and any other necessary regulatory approvals;




It is proposed that option holders would be required to cancel their options in exchange for cash consideration equal to the difference between the price paid by RDI for GPNL shares and the exercise price of the options.




Should terms of a proposed merger be agreed between RDI and GPNL, GPNL shareholders would be provided with an independent expert's report as to whether the proposal is in the best interests of GPNL shareholders;




Under the proposal, GPNL would become a subsidiary of RDI. The assets of GPNL would form part of RDI's proposed diversified asset base.




Implications for the EGM to be held on 14 August 2008

On 22 July 2008, GPNL gave notice of an Extraordinary General Meeting ('EGM') to be held on 14 August 2008. The EGM has been called to obtain shareholder approval for certain transactions with Mr Palmer.




Resolution 3 in the Notice of Meeting sought Shareholder approval for the introduction of an alternative event to trigger Mr Palmer's entitlement to a 25% interest in Marlborough Nickel Pty Ltd ('MNPL'). This possible future event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement, by Resource Development International Limited, a Company associated with Mr Palmer and Mr Martino, at a minimum price of 2.20.




The following conditions were set out for this possible future takeover via scheme of arrangement:

Approval by a meeting of GPNL shareholders and by a court of competent jurisdiction under section 411(6) of the Corporations Act, of a scheme under which RDI will acquire all of the issued Shares in GPNL in which it does not already have a relevant interest in exchange for shares in RDI, at a value equal to or exceeding 2.20 per GPNL share; and

RDI raises at least US$1 billion in cash and RDI's shares are quoted on the Hong Kong Stock Exchange (or such other recognised stock exchange of a size and liquidity acceptable to GPNL); and

The scheme is approved by a court of competent jurisdiction on or before 31 December 2008 or, at the absolute discretion of GPNL, a date no later than 90 days after 31 December 2008.

If shareholders approve Resolution 3 and a merger by scheme of arrangement with RDI, meeting all of the above conditions, is completed then Mr Palmer would be entitled to convert the convertible shares in MNPL held by Dasines into ordinary shares in MNPL. This would result in the completion of the acquisition of Dasines by GPNL subject to shareholder approval being obtained for Resolution 2 at the EGM. Full details of these transactions are contained in the Notice of Meeting and Explanatory Memorandum sent to shareholders.




The board had contemplated the potential for such a Proposal and this was the motivation for amending the milestones to include a control transaction as set out in Resolution 3.

Shareholders should consider this information when deciding on how to vote on the Resolutions at the EGM and also refer to the information in section 3 of the Explanatory Memorandum.

Shareholders should also note that, even though RDI has made this Proposal, there is no certainty that agreement will be reached or that a control transaction will occur.

Next Steps

Having received the Proposal, the Board is under a duty to consider it and to determine whether it is in the interests of shareholders to pursue it. A Board committee of non-associated directors of GPNL will be formed to consider the proposal and conduct negotiations on behalf of the Board. The Board committee will consider the Proposal and its implications for all GPNL shareholders, and will make a recommendation to GPNL's shareholders in due course.




Advisors will be appointed to assist in the further negotiation and consideration of the proposal and the implementation of any agreed scheme.




All other project and corporate activities of the Company will continue as normal.

smiler can we take this proposal from Palmer/RDI seriously? Will RDI manage to raise $1billion from its IPO or is this all the usual "pie in the sky"?

Thats the big question AND I don't know for sure but I think it stands a good chance at 220.. and in this market ?, I for one would vote yes + I don't think RAB would take less ?? but time will tell !

GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('GPNL'' or 'the Company')




Resource Development International Limited to acquire
Gladstone Pacific Nickel Limited

RDI to acquire GPNL by scheme of arrangement for scrip consideration of 2.20 for each GPNL share, based on RDI's IPO share price.

The proposed acquisition is conditional on RDI listing on the HKSE or the ASX and raising a minimum of A$1 billion in cash.

Details of the timing of the proposed acquisition and the listing of RDI have yet to be determined, however, it is proposed that the acquisition and the listing would be completed by late 2008.

If the GPNL scheme is approved, GPNL will become a 100% owned subsidiary of RDI. The assets of GPNL would form part of RDI's asset base.



Scheme Implementation Agreement

Further to its announcement on 30 July 2008 regarding the receipt of a proposal for a merger, Gladstone Pacific Nickel Limited ('GPNL' or the 'Company') (AIM:GPN) announces that the non-associated Directors of the Board have unanimously approved the entry into a Scheme Implementation Agreement (SIA) with Resource Development International Limited ('RDI').

The SIA signed today, 8 August 2008, provides for GPNL to propose a scheme of arrangement (the GPNL Scheme) under which RDI will acquire all of the shares in GPNL for scrip consideration of 2.20 for each GPNL share based on RDI's IPO share price.

The value of GPNL shares on the AIM at market close, 7 August 2008 was 0.70.

In addition to GPNL Shareholder and Court approval, the GPNL Scheme will be dependent on certain conditions including:

1. approvals for RDI to list and have its shares quoted on the Hong Kong Stock Exchange ('HKSE') and/or Australian Securities Exchange ('ASX') being obtained on or before 31 March 2009 and a cash raising of at least US$1 billion; and

2. GPNL receiving a satisfactory independent expert's report.

RDI may terminate the SIA if GPNL decides to pursue a competing proposal. Either party may terminate the SIA if the GPNL Scheme is not effective before 31 March 2009.

It is expected that the GPNL Scheme will satisfy the requirements for scrip for scrip roll-over relief from Australian capital gains tax ('CGT') under Subdivision 124-M.

Following the GPNL Scheme, RDI will own 100% of GPNL.

The GPNL Scheme participants will include all GPNL shareholders in Australia and any other jurisdiction in which RDI shares may be issued without unduly onerous regulatory requirements. Other foreign shareholders will have their allocation of RDI shares sold as soon as practicable and the proceeds (less brokerage, duty, taxes, expenses and other charges) paid to them.

If required by the HKSE and/or the ASX to obtain approval to list, the provision of RDI shares to GPNL Shareholders will be conditional upon them first agreeing to any restrictions on the RDI Shares (and executing any required documents).

RDI must use its reasonable endeavours to investigate the possible establishment of a share sale facility by which GPNL Shareholders who would receive less than A$5,000 worth of RDI shares under the GPNL Scheme can elect to sell the RDI shares they receive as soon as practicable after the GPNL Scheme is effected, without brokerage being payable.

RDI must also make an offer to GPNL option holders for their GPNL options to be transferred or cancelled in consideration for either RDI options on equivalent terms or a cash amount based on the value of the consideration provided to GPNL shareholders and the terms of the options.

RDI

RDI is a company which has recently been formed to acquire substantial iron ore, nickel, exploration and energy interests, including rights to extract 20 billion tonnes of iron ore from the Balmoral tenements held by Mineralogy Pty Ltd. RDI has appointed Macquarie Bank and UBS to manage a proposed US$5 billion IPO and listing on the HKSE, which is being planned by RDI for late 2008.

RDI is currently controlled by Mr Clive Palmer. Mr Palmer holds 13.95% of the shares in GPNL.

Effect on EGM to be held on 14 August 2008

On 22 July 2008, GPNL gave notice of an Extraordinary General Meeting ('EGM') to be held on 14 August 2008.

Resolution 3 in the Notice of Meeting sent to shareholders on 22nd July 2008 was referred to in the announcement of the EGM as follows:




'Shareholder approval is being sought for the introduction of an alternative event to trigger Mr Palmer's entitlement to a 25% interest in Marlborough Nickel Pty Ltd ('MPNL'). This possible future event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement, by Resource Development International Limited, a Company associated with Mr Palmer and Mr Martino, at a minimum price of 2.20.'




The proposed alternative milestone for Mr Palmer's company, Dasines Pty Ltd ('Dasines'), to convert its converting shares in Marlborough Nickel Pty Ltd ('MNPL') to ordinary shares is contained in Resolution 3 of the Notice of Meeting. The milestone, for a scheme of arrangement, has the following conditions:

Approval by a meeting of GPNL shareholders and by a court of competent jurisdiction under section 411(6) of the Corporations Act, of a scheme under which RDI will acquire all of the issued Shares in GPNL in which it does not already have a relevant interest in exchange for shares in RDI, at a value equal to or exceeding 2.20 per GPNL share (which will be calculated according to a formula which values the RDI shares at their cash issue price under its intended IPO prospectus, converted to UK pounds sterling at the then prevailing exchange rate); and

RDI raises at least US$1 billion in cash and RDI's shares are quoted on the Hong Kong Stock Exchange (or such other recognised stock exchange of a size and liquidity acceptable to GPNL); and

The scheme is approved by a court of competent jurisdiction on or before 31 December 2008 or, at the absolute discretion of GPNL, a date no later than 90 days after 31 December 2008.

If shareholders approve Resolution 3 and the GPNL Scheme meets all of the above conditions, Mr Palmer would be entitled to convert the convertible shares in MNPL held by Dasines into ordinary shares in MNPL. This would in turn result in the completion of the acquisition of Dasines by GPNL, subject to that transaction being approved by shareholders at the EGM by the approval of resolution 2. Full details of these transactions are contained in the Notice of Meeting and Explanatory Memorandum sent to shareholders.

The GPNL shares issued to Mr Palmer would then participate in the GPNL Scheme and be acquired by RDI, if the GPNL Scheme is approved.

Shareholders should consider this information when deciding how to vote on Resolution 3 and also refer to the information in section 3 of the Explanatory Memorandum. Shareholders should also note that, even though RDI has made this proposal, there is no certainty that the GPNL Scheme will be approved or that a control transaction will occur.

Review of GPNL Scheme

GPNL intends to appoint an Independent Expert to advise on whether the GPNL Scheme is in the best interests of all GPNL Shareholders. A copy of the Independent Expert's Report will be included in the GPNL Scheme Booklet which will be sent to shareholders before the meeting to approve the GPNL Scheme.

The SIA requires RDI to provide assistance to GPNL to carry out due diligence on RDI which GPNL will now commence.

The non-associated directors committee formed to review the SIA, comprising Mr John Downie, Mr Benjamin Hill and Mr James Henderson, have considered the advantages and disadvantages of the RDI proposal. In the absence of a superior proposal and subject to the results of the due diligence and Independent Expert's Report, the committee unanimously recommend that the GPNL shareholders vote in favour of the GPNL Scheme. Reasons for this include:




The offer under the GPNL Scheme provides a substantial premium over the market price of GPNL shares. The offer is 3.14 times the AIM closing price of GPNL shares on 7 August 2008.
The GPNL Scheme will remove the single asset risk and corporate structure which may have adversely impacted the share price of GPNL and its ability to grow and develop as a company.
The GPNL Scheme will provide GPNL shareholders with exposure to a broader portfolio of assets with upside potential from other projects of RDI. Shareholders will maintain their exposure to the Marlborough Nickel Project.
RDI will be more likely to offer increased diversity, scale and market liquidity.
Next steps

GPNL will now appoint an Independent Expert and commence preparation of the Scheme Booklet. GPNL will also conduct due diligence on RDI and include relevant information from that due diligence in the Scheme Booklet.

Once approved by the Court, the Scheme Booklet will be dispatched to GPNL shareholders.

The GPNL Scheme will then require the approval of GPNL Shareholders and the Court, together with satisfaction of other conditions customary for a transaction of this nature. These conditions are included in the SIA, a summary of which is attached as Annexure A to this announcement.

Cancellation of GPNL's listing on AIM

Should the implementation of the GPNL Scheme be successful, GPNL will become a 100% owned subsidiary of RDI and it is the intention of the board of RDI that they will cancel the admission of GPNL's securities to AIM on the GPNL Scheme implementation date, expected at this stage to be during December 2008.

Further information

This announcement is available on GPNL's website www.gladstonepacific.com.au.

3 October 2008







GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('Gladstone'' or 'the Company')




FEASIBILITY STUDY FINANCIAL RESULTS USING LONG TERM ASSUMPTIONS




Gladstone Nickel Project shows an NPV of US$1,168 billion at long term prices




The Chief Executive Officer of the Company, Mr John Downie, announced today the updated financial results of the Feasibility Study for Stage 1 of the Gladstone Nickel Project ('the Project') ('IDFS') using long term assumptions, revising the results announced on 20th June 2008.




'Given the current state of both capital and commodity markets it is important that investors understand the strong economics of the Project using long term assumptions. It is the Directors' belief that the current share price of the Company does not highlight the underlying value of the Project. Capital markets and commodity prices are generally under pressure but our Project continues to show its economic viability at both current and long term pricing.'




Gross Revenue in the first year of full production, assuming a two year ramp up, is expected to be US$1,332 million per year, US$711 million lower than previously announced whilst EBITDA is US$712 million, down US$307 million. Projected profit after tax and interest in the first year of full production has been revised from US$538 million to US$297 million in real terms at a gearing ratio of 70% debt for a 15 year loan period and an interest rate of 8.5%.




Cash operating cost for the Project has been revised from US$2.38 to US$2.13 per pound of nickel due to a lower nickel price, exchange rate movements and sulphur price assumptions offset by a reduction in cobalt credits due to a lower cobalt price. The Project net present value ('NPV') is US$1,168 million (*see note below) using an 8% discount rate and commodity prices and exchange rates as at 30 May 2008. This compares to an NPV of US$2,331 million reported in June.




The capital cost, also reported in the 20th June 2008 market release has been revised to US$3,518 million from US$3,840 million. The Directors believe that the Company's association with China Metallurgical Construction (Group) Corporation ('MCC'), based on MCC's prior experience, will reduce the capital cost.




The Project shows a nominal IRR on equity of 17.8% and a nominal NPV of US$979 assuming a 12% discount rate and a gearing ratio of 70% debt for a 15 year loan period and an interest rate of 8.5%.




These changes are not expected to affect planned production and the plant can expect to produce, in its first year of full production, up to 64,753 tonnes of nickel and 6,164 tonnes of cobalt in 2014 following a 3 year construction program and 2 year ramp up of operations.

Gladstone Pacific says now sees yr one revenue from nickel project at $1.3 bln
AFX


LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd. said it has revised down its expectations for first full year revenues from its nickel project, assuming a two year ramp up, by $711 million to some $1.33 billion.

The company has also revised its projected profit after tax and interest downwards in the first year of full production to $297 million from the earlier $538 million. EBITDA is seen at $712 million, down $307 million..

'It is the directors' belief that the current share price of the company does not highlight the underlying value of the project,' said CEO John Downie.

Gladstone Pacific said the capital markets and commodity prices are generally under pressure but its project continues to show its economic viability at both current and long term pricing.



tf.TFN-Europe_newsdesk@thomsonreuters.com

All they need now is $2billion project finance...any offers?

SELL Gladstone - the chart says it all.

"Behave" most AIM shares are the same if you are in you are in for the long term, it's as simple as that.

Aye ! ; )

RNS Number : 1409K
Gladstone Pacific Nickel Limited
15 December 2008



15th December 2008




Gladstone Pacific Nickel Limited

ACN 104 261 887

(the 'Company' or 'GPNL')

GPNL and RDI - Update regarding Merger




The Company today announces that discussions and activities with Resource Development International Ltd ('RDI') regarding a merger of the two companies, as announced on 8 August 2008 are continuing in a positive and proactive manner. RDI is a company controlled by Mr Clive Palmer, the previous chairman of GPNL and of which Mr Domenic Martino, a current director of GPNL, is a director.

GPNL understands that RDI is currently advancing its application for a listing on the Hong Kong Stock Exchange ('HKSE') and is in the process of finalising all relevant legal and regulatory documentation, including the preparation of a Prospectus.

Upon completion of the Prospectus, the Company and its advisors will receive necessary information to enable finalisation of a Scheme Booklet for lodgement with Australian Securities and Investments Commission ('ASIC') and the Federal Court of Australia. The Scheme Booklet will be distributed to Shareholders following Court approval and will include information regarding a shareholder meeting.

Further information and timing regarding the merger will be provided to shareholders when such information is received from RDI.

At the General Meeting held on 14 August 2008, shareholders approved the introduction of an alternative event to trigger Dasines Pty Ltd's (a 100% owned entity of Mr Clive Palmer) entitlement to a 25% interest in GPNL's subsidiary, Marlborough Nickel Pty Ltd ('MNPL'). This possible alternative event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement by RDI at a minimum price of 2.20 on or before 31 December 2008, or a date up to 90 days later at GPNL's discretion.

The board of GPNL has today agreed to extend the date for achievement of the alternative event from 31 December 2008 to 31 March 2009.

Yes Smiler I find the majority of these comments about AIM shares pathetic as you don't have to be a genius to realise that the world is in melt down.

1. Car industry dead.
2. Shipping inports/exports dead.
3. Uk manufacturing dead.
4. Housing market dead.
5. dead.
6. Building industry dead.
7. Government clueless.
8. Taxes N/I up in 2011.
9. UK Bankrupt 2009.
10. Anarchy in the UK 2010.

Lets all make crap worthless comments about AIM shares. Will the world need raw materials in 2012 YES

flasher you forgot the dodo, cheer up its christmas!

Bah Humbug

still flasher - Gordon/Prudence/Saviour of the uniiverse was spot on when he stated "no more boom and bust" NOT! You are right though, the world will not stop turning, over leveraged and poorly run companies will go bust - the dead wood will be cleared out and then the whole supply/demand cycle will kick in again. Pick companies with good prospects/management and decent cash in the bank and their feet on the ground....... and wait a bit eh?

smiler is this the end?