PLEASE NOTE

This is PAGE FOUR of Brett's Portfolio Report and History
and covers the period from 14th November 2008 to 9th December 2008

CLICK HERE to go to PAGE ONE
31st July 2008 to 18th September 2008
CLICK HERE to go to PAGE TWO
19th September 2008 to 13th October 2008
CLICK HERE to go to PAGE THREE
14th October 2008 to 13th November 2008
CLICK HERE to go to PAGE FIVE
10th December 2008 to 21st January 2009
CLICK HERE to go to PAGE SIX
22nd January 2009 to 27th February 2009
CLICK HERE to go to PAGE SEVEN
28th February 2009 to 3rd April 2009
CLICK HERE to go to PAGE EIGHT
4th April 2009 to 19th April 2009
CLICK HERE to go to PAGE NINE
20th April 2009 onwards


"Brett's Investments"


!!! NEW..PORTFOLIO !!!

NOTE ... these details are now listed on PAGE NINE

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"Dividends Received"

NOTE ... these details are now listed on PAGE NINE

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"Performance"

NOTE ... these details are now listed on PAGE NINE

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Friday 14th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 77
trading days since portfolio was changed on 14th October 2008 = 24
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

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Monday 17th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 78
trading days since portfolio was changed on 14th October 2008 = 25
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

Aussie shares close down 2.5 per cent
The Australian share market has closed down two and a half per cent as investors remain concerned about the continuing gloomy economic outlook
The benchmark S&P/ASX200 index was down 95.1 points, or 2.54 per cent, at 3,653, its lowest close since September 29 2004
The broader All Ordinaries index lost 86.5 points, or 2.32 per cent, to 3639.5
In the USA, Wall Street ended a turbulent week with hedge fund selling in advance of a Saturday deadline setting the Dow Jones Industrial Average back almost 340 points, or 3.8%
ABN AMRO Morgans private client adviser Bill Bishop said all sectors suffered from investor pessimism, predominantly influenced by a weaker Wall Street on Friday night
"I think the bad news has been more or less unending, and unfortunately that has leaked into today's market" Mr Bishop said
"There's just a bit of constant pressure from the situation, with credit markets still well and truly shut Resources are suffering somewhat ... broadly speaking, the industrial stocks have all really taken a turn for the worse, just on that constant pressure Pretty much every other sector has got red figures in front of it"
Volumes on Monday were low as investors watched from the sidelines, Mr Bishop said
"People are a bit deflated, they want to buy things but they can't" he said
All the major banks recorded losses
Commonwealth Bank shares fell 77 cents, or 2.4 per cent, to $31.33, National Australia Bank lost 86 cents, or 4.35 per cent, to $18.93, while ANZ Bank dropped 54 cents, or 3.92 per cent, to $13.24
St George Bank Ltd chief executive Paul Fegan has resigned after the bank's merger with Westpac Banking Group was approved by shareholders last week
St George fell $1.10, or 4.74 per cent, to $22.10 and Westpac declined 48 cents, or 2.86 per cent, to $16.32
Among the miners, BHP Billiton said it had no plans to cut production of the iron ore despite requests from some customers to defer shipments
BHP shares lost $1.30, or 4.92 per cent, to $25.10 while its takeover target Rio Tinto gained $1.44, or two per cent, to $73.44
Spot gold in Sydney was trading at $US740.85 an ounce, up $US11.70 on Friday's local close of $US729.15
Gold stocks were weaker though, with Newcrest down 14 cents to $20.90, Newmont off 16 cents to $3.69 and Lihir Gold 8.5 cents weaker at $1.795

S&P/ASX200 index ... twelve month chart

SPECIAL NOTE
Macquarie Group Limited
...... refer to Page One of this portfolio and then scroll to the bottom of the page
On Thursday 31st July 2008, Brett purchased 300 shares in this company at $51.71 each
Due to the "worldwide financial crisis" the share price plunged !!
On Thursday 18th September 2008, Brett sold his holding for $26.44 per share ... which is a loss of $25.27 per share for a total loss of $7581.00
But it would have been much worse if he had held on and sold them today
The share price finished the day's trading at just $20.60 each !!

Macquarie Group Limited ... twelve month chart

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Tuesday 18th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 79
trading days since portfolio was changed on 14th October 2008 = 26
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
Stocks close lower
The Australian share market has closed 3.5 per cent down at fresh four-year lows, wiping $34 billion from the value of the market following a weaker performance on Wall Street overnight
In the US, the Dow Jones Industrial Average lost 223.73 points, or 2.63 per cent, to close at 8,273.58
At the close, the benchmark S&P/ASX200 index was 129.8 points, or 3.55 per cent lower at 3523.2, while the broader All Ordinaries lost 126.4 points, or 3.47 per cent to 3513.1, led down by resource and banking stocks
The S&P/ASX200 closed at its lowest level since 25 August 2004 and the All Ordinaries was at its weakest since 20 August 2004
Tuesday's fall wiped $31 billion from the value of stocks listed on the All Ordinaries index and $34 billion from the value of stocks listed on the Australian stock exchange
"People are still very nervous They seem to be a little afraid to commit money to the market as quite a few of them are suggesting there might be more downside" said Patersons Securities dealer Martin Angel
"It was a mixture of the big boys - the banks and the resources - taking no prisoners again - that weighed on the market"
The big miners were weaker, with BHP Billiton shedding 90 cents, or 3.59 per cent, to $24.20 and rival Rio Tinto losing $5.44, or 7.41 per cent, to $68.00
BHP Billiton fell after base metal prices tanked overnight on concerns over falling demand, and JPMorgan slashed its 2009 profit forecast for the Big Australian by 31 per cent because of lower commodity prices and production cuts
BHP said on Tuesday that it had restarted work on the Yeelirrie project after the Western Australian government lifted a six-year ban on uranium mining
The banking sector was mixed, with National Australia Bank adding 22 cents to $19.15, ANZ Bank dropping 20 cents to $13.04, Commonwealth Bank falling $1.23 to $30.10 and Westpac dipping 77 cents to $15.55
The spot price of gold was lower and trading at $US738.80 an ounce, down $US2.95 on Monday's local close of $US741.75 an ounce
The gold miners were weaker, with Newcrest dipping $1.91 to $18.99, Lihir Gold retreating 4.5 cents to $1.75 and Newmont giving up 14 cents to $3.55

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S&P/ASX200 index ... twelve month chart

S&P/ASX200 index ... two year chart

S&P/ASX200 index ... five year chart

S&P/ASX200 index ... ten year chart

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Wednesday 19th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 80
trading days since portfolio was changed on 14th October 2008 = 27
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
Aussie shares down after positive start
The Australian sharemarket closed lower on profit-taking despite a positive start to the trading day
The benchmark S&P/ASX200 index was down 23.6 points, or 0.67 per cent, at 3,499,.6 while the broader All Ordinaries index had shed 29.9 points, or 0.85 per cent, to 3,483.2
IG Markets research analyst Ben Potter said the release the Westpac-Melbourne Institute index showing a downbeat economic outlook didn't help the market
Mr Potter said the lifting of a short-selling ban - excluding financials - also explained some of the selling pressure
"The Westpac-Melbourne Institute index of economic activity, which indicates the likely pace of growth three to nine months into the future, came in at 1.1 per cent for September" Mr Potter said
"This is down from 3.5 per cent in August and is the biggest drop since the mid 1980's Given the data, the likelihood of a recession in 2009 seems to be increasing There is the very real possibility that the first two quarters of 2009 could produce negative GDP growth"
Mr Potter said the rapidly deteriorating domestic economy meant a 100 basis point interest rate cut in December by the Reserve Bank "looks more like a necessity, rather than an option"
ANZ Bank was a top performer among the banks, up 78 cents, or 5.98 per cent, to $13.82, Commonwealth Bank had added 83 cents, or 2.76 per cent, to $30.93, National Australia Bank had found 53 cents, or 2.77 per cent, to $19.68 and Westpac had gained 70 cents, or 4.5 per cent, to $16.25
Mining giant BHP Billiton fell $1.00, or 4.13 per cent, to $23.20 while its takeover target Rio Tinto gave up $2.10, or 3.09 per cent, to $65.90
Babcock & Brown Ltd has decided to transform itself into a specialist infrastructure business and sell its remaining assets and operations to raise funds to pay down debt
Shares in Babcock & Brown plunged six cents, or 19.35 per cent, to 25 cents
Spot gold in Sydney was trading at $US737.60 an ounce, down $US2.15 on Tuesday's local close of $US739.75
Major gold stocks were mixed Newcrest was down four cents to $18.95, Newmont gained five cents to $3.60 and Lihir Gold dipped six cents, or 3.43 per cent, to $1.69
The most traded stock on volume was Australia's third largest diversified miner OZ Minerals, with 71.99 million units changing hands worth a total of $46.72 million
OZ Minerals shares were down 10 cents, or 13.7 per cent, to 63 cents

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Thursday 20th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 81
trading days since portfolio was changed on 14th October 2008 = 28
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
PORTFOLIO TOTAL - LOWEST VALUE SINCE ESTABLISHED ON 14th OCTOBER 2008
TOTAL
- there has been only two 'positive' days over the last eleven trading days since 5th November 2008 !!
TOTAL - over those eleven trading days the total has dropped by $13038.30 !!
BHP
- lowest price since purchase
Stocks end weaker

The Australian sharemarket closed more than four per cent weaker, with losses in all sectors particularly among the major miners and energy stocks after Wall Street's lowest close since 2003
The Dow Jones Industrial Average lost 427.47 points, or 5.1 per cent, to 7997.28, its lowest since March 2003
The index has fallen 30 per cent since mid-September
The Australian market slumped 4.19 per cent yesterday, taking its losses since the November 1 peak to 50.9 per cent
The selling wave has slashed $905 billion from listed companies
The benchmark S&P/ASX200 index was down 146.7 points, or 4.19 per cent, at 3,352.9 while the broader All Ordinaries index had shed 150.6 points, or 4.32 per cent, to 3332.6
Bell Potter senior adviser Stuart Smith said the majority of Thursday's trade consisted of forced sales
"What I can see is that the distressed selling is continuing and at a greater rate than it has in the last three or four weeks" Mr Smith said
"The market has absorbed $4.2 billion of turnover today and most of that is distressed selling"
The mining giants were among the day's worst performers
BHP Billiton fell $2.10, or 9.05 per cent, to $21.10 while its takeover target Rio Tinto gave up $8.65, or 13.13 per cent, to $57.25
"It's forced selling There can be no other reason" Mr Smith said
"The market's trying to find an absolute floor It will happen just as night follows day, but when is the story It's just a matter now of having patience This is the greatest test of patience I've experienced in thirty years"
Among the banks, ANZ Bank fell 82 cents, or 5.93 per cent, to $13.00, Commonwealth Bank dropped $1.62, or 5.24 per cent, to $29.31 and National Australia Bank lost 86 cents, or 4.37 per cent, to $18.82
Westpac shed 65 cents, or four per cent, to $15.60 after unveiling its senior executive line-up after merging with St George Bank
Among the investment banks, Macquarie Group added to its gains of the past two days, rising $1.84, or 7.3 per cent, to $27.00 after trading more than 7 per cent lower this morning
Babcock and Brown shares were placed in a trading halt today over a dispute with a bank
The shares fell 6 cents, or 19 per cent, to close at 25 cents yesterday
Spot gold in Sydney was trading at $US737.60 an ounce, down 75 US cents on Wednesday's local close of $US738.35
Newcrest was steady at $18.95, Newmont lost 13 cents $3.47 and Lihir Gold fell 6.5 cents to $1.625
The most traded stock on volume was OZ Minerals, with 84.4 million units changing hands worth a total of $46.2 million
OZ Minerals shares were down 10.5 cents, or 16.67 per cent, to 52.5 cents
The world's second-largest zinc miner and a major supplier of copper, warned this week of lower profits and possible asset writedowns

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Friday 21st November 2008
trading days since initial portfolio was set up on 31st July 2008 = 82
trading days since portfolio was changed on 14th October 2008 = 29
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

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Monday 24th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 83
trading days since portfolio was changed on 14th October 2008 = 30
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
WOR - lowest price since purchase

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Tuesday 25th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 84
trading days since portfolio was changed on 14th October 2008 = 31
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
TOTAL - has increased by $3206.07 over the last three trading days !!
Stocks close sharply higher

The Australian share closed up more than five per cent, led by resource and banking stocks, boosting the value of all stocks on the bourse by $37 billion
The domestic market followed the lead of Wall Street and British equity markets that rallied overnight after the US government announced a rescue of ailing banking giant Citigroup
The benchmark S&P/ASX200 index soared 198.3 points, or 5.79 per cent, to 3,623.4, while the broader All Ordinaries index jumped 186.6 points, or 5.51 per cent, to 3,575.4
IG Markets research analyst Ben Potter said eight out of ten sectors were in the black, led by the materials, energy, financials and consumer discretionary sectors
The big diversified miners had large gains, with BHP Billiton up $2.84, or 12.15 per cent, to $26.22, while takeover target Rio Tinto advanced $4.10, or 6.86 per cent, to $63.90
"Interestingly, Rio Tinto was downgraded overnight from a buy to hold by ING Groep NV in Europe" Mr Potter said
"It noted that an increased risk of debt default and difficulties in meeting asset sales targets as the main reason for the downgrade"
Among banking stocks, Commonwealth Bank was the top performer, up $3.78, or 12.51 per cent, to $34.00, National Australia Bank found $1.07, or 5.69 per cent, to $19.87, ANZ Bank gained $1.65, or 12.79 per cent, to $14.55 and Westpac lifted $1.33, or 8.06 per cent, to $17.83
"Overnight, gold gained for the fourth straight session, up 3.5 per cent in New York on a weaker US dollar, safe-haven buying and gains on global equity markets" Mr Potter said
Spot gold in Sydney was trading at $US812.75 an ounce, up $US21.15 on Monday's local close of $US791.60
Gold mining stocks were stronger Newcrest gained $1.85, or 7.84 per cent, to $25.45, Newmont advanced 31 cents, or 6.92 per cent, to $4.79 and Lihir Gold rose 10 cents, or 4.69 per cent, to $2.23
Australia's third largest diversified miner, OZ Minerals, said it was deferring development projects, cutting costs and production and had begun talks to refinance debt as falling commodity prices took their toll on the company
Despite this, shares in OZ Minerals were up three cents, or 5.77 per cent, to 55 cents
The most traded stock was OZ Minerals with 120.19 million shares changing hands worth $66.63 million

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Wednesday 26th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 85
trading days since portfolio was changed on 14th October 2008 = 32
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends
The Collapse of Rio Tinto - click here and then scroll down to Wednesday 26th November 2008 for more details
Rio margin calls pull Aussie market down

The Australian share market closed around two and a half per cent weaker despite gains in resource giant BHP Billiton and a positive lead overnight from Wall Street
At the close, the benchmark S&P/ASX200 index was down 83.4 points, or 2.3 per cent, at 3540.0, while the broader All Ordinaries dropped 95.8 points, or 2.68 per cent, to 3479.6
Margin calls after BHP Billiton scrapped its $US66 billion ($A100 billion) proposed bid for Rio Tinto had the equities market finish in negative territory
IG Markets research analyst Ben Potter said the market had drifted throughout the day, with sellers selling into the strength
"The BHP/Rio issue is an absolute mess for anyone who holds Rio Tinto" he said
"There has been a few big margin calls go out for that today" he said
"I think there is going to be an overhang of stock being sold for Rio Tinto over the next couple of days"
Market talk was that Rio would have to raise capital as well, Mr Potter said
BHP Billiton finished $1.03, or 3.93 per cent, stronger at $27.25, while Rio Tinto plunged $21.89, or 34.26 per cent, to $42.01
Also, OZ Minerals was down 2.5 cents, or 4.5 per cent, to 52.5 cents
Newmont Mining Corporation was the only bright spot in the gold sector, gaining seven cents to $4.86, while rival Newcrest Mining eased 45 cents, or 1.77 per cent, to $25.00 and Lihir Gold was up 1 cent, or 0.4 per cent, at $2.22
Spot gold in Sydney was trading at $US813.75 an ounce, down $US2.40 on Tuesday's local close of $US816.15
Losses across the banking sector were a surprise given the bailout package for Fannie Mae and Freddie Mac in the US, Mr Potter said
"I think it's just about short term profit taking in a bear market," he said
Westpac dropped $1.23, or 6.9 per cent, to $16.60, while Commonwealth Bank fell $1.34, or 3.94 per cent, to $32.66
ANZ Bank lost 50 cents, or 3.44 per cent, to $14.05 and National Australia Bank gave up 30 cents to $19.57

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Thursday 27th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 86
trading days since portfolio was changed on 14th October 2008 = 33
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

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Friday 28th November 2008
trading days since initial portfolio was set up on 31st July 2008 = 87
trading days since portfolio was changed on 14th October 2008 = 34
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports
TOTAL
- has increased by $5171.82 over the last six trading days !!

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Monday 1st December 2008
trading days since initial portfolio was set up on 31st July 2008 = 88
trading days since portfolio was changed on 14th October 2008 = 35
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports
RHC
- lowest price since purchase

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Tuesday 2nd December 2008
trading days since initial portfolio was set up on 31st July 2008 = 89
trading days since portfolio was changed on 14th October 2008 = 36
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports

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Wednesday 3rd December 2008
trading days since initial portfolio was set up on 31st July 2008 = 90
trading days since portfolio was changed on 14th October 2008 = 37
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports

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Thursday 4th December 2008
trading days since initial portfolio was set up on 31st July 2008 = 91
trading days since portfolio was changed on 14th October 2008 = 38
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports
Stocks close marginally lower

The Australian share market lost its earlier strong gains to close little changed after the miners dragged the bourse down on fears of more commodity price falls
The insurers and banks gained
The benchmark S&P/ASX200 index was down 1.4 points, or 0.04 per cent, at 3,532.4, while the broader All Ordinaries lost 8.4 points, or 0.24 per cent, to 3,468.1
The local market had been as much as two per cent higher after opening after a stronger lead from Wall Street
On Wall Street, the Standard & Poor's 500 Index climbed for the seventh time in eight days, rallying 2.6% to 870.74, the Dow Jones Industrial Average added 172.6, or 2.1%, to 8591.69, and the Nasdaq Composite increased 2.9% to 1492.38
Burrell Stockbroking associate Peter Wright said trading here was subdued with low volumes as many investors sat on the sidelines
"It's very underwhelming" he said
"There's a pretty constant concern out there that there will be another fall in commodity prices That's hit the resource stocks"
The credit crunch continues to exact a toll from the shares of companies in need of funds
Doubts over funding needs have weighed down a number of companies in the sharemarket, said Jamie Spiteri of Shaw Stockbroking
"That trend has continued in recent days Looking at major falls across our market, it's a lot of mining companies with the gathering uncertainty about further development and expansion programs'' Mr Spiteri said
"And the difficulties they've had with a lot of lower commodities prices and capital requirements to fulfil growth''
One example is Rio Tinto's share price slump since BHP Billiton called off its acquisition bid two weeks ago
BHP Billiton fell 31 cents, or 1.11 per cent, to $27.50, while Rio Tinto shares slumped $4.30, or 11.68 per cent, to $32.50
While data showed Australia posted a record trade surplus of nearly $3 billion in October, building approvals fell for the fourth month in a row
Spot gold was trading at $US766.80 an ounce, down $US12.05 on Wednesday's Sydney close of $US778.85
Lihir Gold dropped four cents to $2.30 and Newcrest fell 86 cents to $24.65
The big banks were all stronger
Commonwealth Bank added 40 cents to $31.60, National Australia Bank rose 87 cents to $19.46, ANZ Bank gained 26 cents to $14.42 and Westpac lifted 44 cents to $16.94
"The banks were stronger, probably because they won't have to write the Babcock exposure off for another year" Mr Wright said
Babcock & Brown shares jumped 14 cents, or 56 per cent, to 39 cents after announcing it had secured new funding from its bankers and rearranged aspects of its debt repayment obligations
The investment bank was granted more time and an extra $150 million in funds to help it restructure and survive
The shares more than doubled after the stock resumed trading, surging as much as 128%, or 32 cents, to 57 cents after the beleaguered investment group reached a deal with its syndicate of creditors
The deal will buy Babcock & Brown time while it hammers out a new business plan aimed at an ''orderly'' sell-down of assets over the next two to three years
OZ Minerals moved to allay market concerns about its $1.27 billion debt burden, saying it was not behind in its payments or in default
The shares were flat at 55 cents - trading halt

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Friday 5th December 2008
trading days since initial portfolio was set up on 31st July 2008 = 92
trading days since portfolio was changed on 14th October 2008 = 39
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports
Aussie stocks lower after oil price drop

The Australian stock market closed lower on Friday, dragged back by weakness in the resources sector after a big drop in the price for oil
At the close, the benchmark S&P/ASX200 index had fallen 42.5 points, or 1.2 per cent, to 3,489.9, while the broader All Ordinaries reversed 40.9 points, or 1.18 per cent, to 3,427.2
In the US on Wall Street on Thursday, the Dow Jones Industrial Average index fell 215.45, or 2.51 per cent, to 8,376.24
ABN Amro Morgans senior client adviser Roger Chandler said resource stocks had led the market down
"People are a little bit skittish about the slowdown in the economy and what will happen" he said
"The big drop in the oil price last night doesn't really do a lot of good for Santos, Woodside - any of the oil stocks - and BHP Billiton is part oil stock, so it's included"
Mr Chandler said Rio shares were down because investors had concerns that it may not be able to refinance some of its debt
The oil price fell $US3.12 to $US43.67 in New York, the lowest in almost four years, due to growing concerns about demand in the world's biggest energy-consuming nation, the United States
On the local market in the resources sector, global miner BHP Billiton lost $1.35, or 4.91 per cent, to $26.15
Rio Tinto shed 50 cents to $32.00
Among the major banks, the National Australia Bank was 35 cents richer at $19.81, ANZ Bank picked up 18 cents at $14.60, Westpac dipped nine cents to $16.85 and Commonwealth Bank was 70 cents poorer at $30.90
Among gold stocks, Lihir Gold gave away five cents at $2.25, Newmont picked up one cent at $4.65 and Newcrest improved 43 cents to $25.08
The price of gold in Sydney was $US766.05 per fine ounce, down $US4.55 on yesterday's close of $US770.60
Investment firm Babcock & Brown lost 13.5 cents to 25.5 cents as an analyst said its banking syndicate had extended its lifeline because Babcock was likely to sell its assets at higher prices than an administrator would

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Monday 8th December 2008
trading days since initial portfolio was set up on 31st July 2008 = 93
trading days since portfolio was changed on 14th October 2008 = 40
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports

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Tuesday 9th December 2008
trading days since initial portfolio was set up on 31st July 2008 = 94
trading days since portfolio was changed on 14th October 2008 = 41
COST OF THIS PORTFOLIO = $57973.84
TARGET PORTFOLIO VALUE =
$65554.64 = the total amount Brett has invested since 31st July 2008 and this
amount includes all shares from dividend reinvestment plans and also the investing of $430.41 received as cash dividends

OZL - in trading halt until Monday 29th December - click here for the details and reports

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"Highs" and "Lows"

NOTE ... these details are now listed on PAGE NINE


PLEASE NOTE

This is PAGE FOUR of Brett's Portfolio Report and History
and covers the period from 14th November 2008 to 9th December 2008

CLICK HERE to go to PAGE ONE
31st July 2008 to 18th September 2008
CLICK HERE to go to PAGE TWO
19th September 2008 to 13th October 2008
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14th October 2008 to 13th November 2008
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10th December 2008 to 21st January 2009
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22nd January 2009 to 27th February 2009
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28th February 2009 to 3rd April 2009
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4th April 2009 to 19th April 2009
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20th April 2009 onwards