on the up ?, page-8

re: pmm not as good as cey nor mcc Hi Xerxes,

I like PMM and while I was considering buying recently, I changed my mind due to the uncertainty re the expansion plans. I will follow it closely though, as it tries to expand its iron ore business and decides what to do with all the cash it's sitting on. Certainly, a good company.

CEY looks great, however a lot of the upside has been factored into the share price imo, so it doesn't really appeal to me, purely on that basis, nothing else. I like to buy before the share price starts to move - that's just my philosophy and I try to stick with it, even if I get it wrong sometimes (for example I didn't want to buy OXR at much lower prices than last).

I like CEY. In fact, I'm very bullish on coal (commodities in general). Hence I've decided to buy a coal company, but one that is a bit cheaper & has equal (if not better) growth prospects.

Mcarthur Coal (MCC) is the company.

I bought 3000 MCCG (the convertible notes - yielding 10%) last week at $1.63. I will add to my position if things transpire as I think they are. With the notes I get an excellent income stream plus exposure to all the growth, hence excellent leverage to the share price upside. I think there is limited downside from here but if the share price goes down (and if fundementals remain the same) I will definitively buy some more.

Check them out, they are worth the research. Very tightly held. I will post a bit more on MCC later (its not a very popular stock on this forum - no posts in fact, bar mine, which is strage as its market cap is $170M+) Nevertheless, I'll just say that atm it is a 1 mine operation but by the end of this year, it should be a 3 mine operation.

All the best, J