2012 - predictions I dont think many of us will be sorry to see the backj of 2011. I shall remember it as the year when many excellent energy juniors - with great fundamentals - were derailed by the Euro zone saga.
Although I dont expect the Euro crisis to go away in 2012 - I do think the Euro politicians will do just enough - always at the eleventh hour - to avert the worst outcome. During 2011 the market wanted substantial and forceful action - unfortunately that was always going to be an unrealistic expectation - knowing how the Euro politicians seldom if ever act decisively.
However, on the bright side I do believe the market is becoming less and less spooked by the same old same old scare mongering.- and during 2012 will begin to discount the Euro crisis more and more.
The US economy should continue slowly but surely to improve - and as for China - the market may begin to focus on a slowdown - but given the highly centralised and controlled Chinese economy, I doubt that it will be cause for any great concern.
BNK - provided management can begin to reassure investors that productiion targets can and will be met as we close out 2011 and move into 2012 - then I would expect a gradual improvement in the SP back to the old levels of $8 and up.
Merry Xmas to all and a happy and prosperous 2012
Cheers, Tinman