Resources

[#1]

Apart from the weak rand,can somebody tell me why resources are flying like this.?

[SimonPB]

? eskom said the local mines can have 90% power, yesterday they had said no, only 80%. An of course commodities at record highs always helps.

[#3]

GFI and HAR said they are planning to let thousands of workers go if this is the case, all in all 465 000 works at risk

[SimonPB]

where's the 465k number from?

[#5]

Thanks for the input,but I dont see how people can get this excited over news that is bad,but better than yesterday?Oh well nothing makes sense anymore....

[SimonPB]

hmmm, according to the chamber of mines, as at May 2007 the entire mining industry employed 458,600 people.
http://www.bullion.org.za/Publications/Facts&Figures/F&F2006.pdf ... page 13

[#7]

Then again maybe it is merely everyone dropping their shorts.....

[SimonPB]

dtrader, well the bad news is good ?!?!?! or is the good news bad ?!?!?!?! Point is that they can operate at 90%, at 80% I thinks it was a serious stuggle.

[#9]

Sorry gents my bad 46 500

[#10]

Sorry gents my bad 46 500

[asylum]

maybe their taking a short position on the rest.