50 million and no product??

[Johnson123]

As Australia has found out the hard way in regards to natural resources so will all newly emerging dmocratic countries.
Australia is the first modern democracy in economic decline due to the fact they produce nothing of importance. They are strip-mined by there leading trade partner Japan and unlike the Aussies of old have no desire to make anything.
It's easy to be educated and it's easy to have numbers but until unity towards a goal and all peoples work for the common goal you stand like a declining country.
Sell products produced by Ukraine and you will succeed.

[johnstruthers]

The task is to build an infrastructure of small to medium sized entrepreneurial enterprises, and a mercantile class. This process is beginning from nothing at this time. Capital formation is necessary. Once it's underway, Johnson, we'll do just fine, thank you. The products, for starts, are already emerging: intellectual property of a very high caliber. Only recently have laws permitted its export in any meaningful way. The industry of the Soviet era doesn't always lend itself to useful privatization. Watch us. Don't patronize us.

[Johnson123]

In having been a part of an investment that has gone fron say er 15 canadian cents per share to over 2.50 per share and looks to top off at 4.05-4.55 I'm not too bad an investor.
with 500,000 shares from the start you may realize what I am talking about.
Indeed I am wealthy and indeed this company is a foreign one. i Dont patronize but rather pass some inside info as to what really goes on without the classroom or smoke.
XXX

[Phillip]

John,
I havent read your note yet - it looks like something I'll need to read carefully.

Johnson,
I saw red when when I read your report. I am physically shaking. Where did you hear just a load of nonesense. You are talking about a country which is currently in a boom with investors lining up at our door!!

How have our resources been strip mined? Do you mean have run out - or are we being exploited. I think we have been in the game for far too long for that to happen. Rremember we existed in that fashion (as a producer) when England gave us special treatment at the time when they were the most advanced nation.

America is by far our biggest partner and we are heavily involved in Asia and the middle East. We produce alot of cars and goods for Japanese companies, though we tend to concentrate on technolongies to avoid competing with Asian low production costs and take advantage of our well educated people.

Our Universities are full of Asian and other overseas students and they are growing to massive proportions. We have alot of revenue from tourism and the hospitality trade here grows consistantly.

The decline you are talking about is not in any way a real phenonominon. We have suffered because of the Asian meltdown, because their investors were less able to commit. To the worlds surprise it didn't actually reach us like predicted. We are too stable!, plus we are obviously more tied up with the US economy then people realised. (even my politics lecturer was warning of a big recession)

We have been suffering from the so called scizzor effect, which has been going on for 20 years!! This decline you are talking about started then, but we are through that. It is actually a situation that will only get better. Especially if markets become more open, sinse we have almost no tarrif barriers, and hence, on an even playing field, we will be very strong amongst the competition.

It would be good for you if you understood the way the world is changing. Things that used to work don't work any more. It is a waste of time producing some things. The Aussies of old know this as much as the Aussies of new. We respect our elders greatly - if anything, we are too old fashioned.

If you see my city you will know what I mean. Australian people work hard and with a purpose. Around me is the biggest boom my city has ever known (thanks to a very purposefull polition - the place is buzzing!) and this is in a city that has never been anything but extremely prosporus. It has he highest living standards in the world (even higher then Canada's best).

On resources - you don't understand how much there is here, and you think Japan holds blame in something???. Leave them alone. Their biggest fault is buying up all of Queenslands seaside resorts, but if you look at that place and their low unempployment, high wages and happy lifestyle you won't hold it against them.

The huge interioer has thousands of mines, some as big as cities (many are cities) and the people their get payed $1000 US p/week even for menial tasks!! It is not in decline. In a thousand years we might find something better o do with the land!!.

You don;'t unerstand how carefull a people we are, and how our good relations with so many countries keeps us abreast of things.

Unfortunately I think you are trying to use my country to fullfill some flawed phrophesy.

Doesn't wash...

[Phillip]

John,
I read 'mechantile class' and I thought you were getting on the deep and meaninfull for a minute there.

All you your government has to do is stand back and watch it all happen. Where something uniformed is necessary then they can step in.

I am sure they have the expertise to understand foregn investors needs and to know where they are being ripped off.

I think you'll agree.

Johnson,
If you are such a good investor you should watch the share market more closely. You might have saved your words.

Phillip

------------------
Live long and prosper

[B_Ungaro]

Greetings,
Take a look at Hungary. GNP growing by leaps and bounds. Standard of living almost equal to that of Austria. New buildings ,houses, roads, bridges, Mercedes and BMW everywhere.
Turn the people loose and they will show you
what they are made of.

[johnstruthers]

Phil, thanks. And cheers to you for your well-said reply. Mr. Johnson, your good fortune in a stock deserves applause. It is just good fortune, though, not a product of wisdom. Your inexperience comes through loudly and clearly (be very careful about predicting the path of a stock). You're out of your range, and Phil demonstrated that. You have some interesting opinions, however ill-formed. Keep your comments on a positive note, and eschew smugness (you have had GOOD fortune). We look forward to your enlightenment.