1. Too much focus on rebutting Weng Fu. He does unsettle me because there is the feeling that the history of inadequate share holder ROI has been a persistent and long term claim. I am still maintaining my stake. I bought at $1.30. Went to $4.50 Fell to $0.25 (loaded the truck) Up to $1.50 and now in the $0.70s. Lack of good alternatives is part of my thinking.

2. I believe we need to stay focused on why we invested in LGDI :

a. The commodities are located in Australia

b. Phosphate, diamonds, silver, uranium, etc. in bankable amounts

c. No matter what happens to the Chinese economy they will be big importers of P products. The Chinese leaders are very aware that the peasants are wanting a bigger share of the wealth pouring in to the PRC and that a restive hungry peasantry has always been a revolutionary threat. China is a powder keg very similar to what is happening in Africa and is coming to the Euro nations. What dependable country with P is closer to China. I feel one of the major obstacles to a Weng Fu settlement is that China is demanding more access/control to Aussie commodities than what the Aussie government wishes to concede.

3. I like Australia's investment environment. I dumped some of my foreign mining stocks because of the wave of nationalization threats by unstable countries. Profitable mines are too tempting for latin and asian rabble-rousers. I just bought more HL on their cave-in problem dip. I like the location of their properties

I wonder if Poppa G is in any hurry to sell. He has access to Legend's piggy bank (houses, jets, travel). His phosphate is not going anywhere. I think Soros is sticking for the same reason - long-term bonanza. I feel sorry for IFFCO they probably want the P now.

JMHO Donzo