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Good to see this one on the cheap again.

Lots of talk about MCE but I prefer forge at current prices.

Very good ROE even with a ton of cash at bank. Once they put that cash to work we can expect a much better return than what it would be currently earning.

Peter Hutchinson is a smart guy and I cant see him making a stupid acquisition so I have relative confidence that a good purchase (if any) will be made.

I think his decision to find a new managing director is a very selfless decision with the companies best interests at heart. Alot of others in many other companies are not at the top job for the best interests of shareholders but merely so they can boost their ego's and wallets...I think Peter is different.

Anyway I found today a good day to top up.

Seems that the market is correcting as more people worry about the strong dollar? is this right?

I can't see any direct effects of this on forge, except that it may affect the companies which it services...but really I cannot see these companies stopping their activities...if the purchasers stop buying..our major export will fall...and if that happens...the dollar will also fall...so really there is a safety net there in my mind. Plus..there is already a shortage of commodities, if we stopped mining it would be out of control...

anyway just a bunch of my random thoughts that I thought might spark some further insights!...