GREY:VAALF - Post by User
Comment by
GnoBraineron Nov 27, 2008 9:42am
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Post# 15613727
RE: Halting operations
RE: Halting operationsBelieve it or not this is actually good news in my opinion. Why milk low margin activity that could linger for a year or two. OPEC has finally realized in the past few years that it is far better to limit oil supply and fetch $100+ per bbl instead of flooding the market with supply at less than $30 per bbl. Not that VAA has anywhere near the influence in the diamond industry, but they know they need to preserve there diamond potential.