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Re: Rasica post# 17279

Tuesday, 07/01/2008 1:31:23 PM

Tuesday, July 01, 2008 1:31:23 PM

Post# of 29692
There was no hard deadline for reviewing the lop. It was simply stated that they would take it up within 3 months. Have they done anything in Iraq on the timetable they talked about. Plus… neither you or I know when they held the meeting. But on April 7 the CBI governor stated they would return back to the 70s, 80s rate, but that it was not simple and SUPPLY was critical. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28323429
That sounds like supply will have to be reduced and that is done with a lop.
Then couple that with last weeks article from the CBI advisor, clearly stating they will lop sometime in the future… and the obvious conclusion is they had the meeting sometime, probably before April 7 when the Governor spoke, and they decided to lop.

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