9 September 2014

Diggers and Dealers Wrap - Busy Bees and Buzz words

Diggers and Dealers really is my favourite time of the year. Don't tell my kids that. They're still hung up on Christmas and Birthdays. But ultimately Diggers is far superior. They'll work that out when they're a little older.

This years meeting of the mining minds was a mixed bag of the same cautious optimism and tired faces that featured in the few years prior. But there were some definite emerging themes - everyone is an expert, everyone has an opinion - no-one has a definitive clue.............

Theme one: Busy is the watchword

Like a passphrase into a secret society, "busy" is the word most used in response to any question asked.

It could be that the continued theme of doing more with less has companies and their best and brightest genuinely busy. It could also be that they don`t have a lot of information to share. Or, that they need a nap.

Theme number two: Buzz words

Once you`re in the secret busy society it seems you`re given a pocket book of buzz words and phrases to add to each conversation. Some of the stand outs were, 'significant upside', `optimistic`, `untapped potential`, `untested`, 'undervalued' and `unprecedented`.

It could also be that Diggers and Dealers is a front for the world`s largest drinking game. One buzz word for one beer. The jury is out.

As another year of Diggers and Dealers drew to a close it was clear to see a spring returning to the step of the Nickel market and whispered accounts of consolidation and growth across the board. Here`s to a year of positivity and prosperity for Australia`s economic backone.