what can stop this stock, page-29

Hi El,

You are right we had the glorie days with JBM LIM MCR and the like, and yes there is another side as we all have experienced the last few months.

TMR has dissapointed , VRE down the drain, EQN tax issues in Zambia and now the Opes debacle, its harder to make the money now.
But new doors are opening like iron ore which gave me already some good returns and now WSA which seems to come fine.
I believe that you are not too late at all for AGO as they are still a bargain.
WSA is still cheap if the price of Nickel stays around the US$12 which I think it will for a while to come.
And the bigger the exploration results the cheaper the shares become.
Its quite different to be in such a high grade nickel play and a company like WSA, will be the last, to feel the real pain from a contraction of the Nickel price.

So what will be the next hot spot?
I think you need to have some iron ore exposure. Its just too hot not to be in it and iron ore should be very much in demand for some years to come.

My exposure is thru AGO as you know and UMC both have excellent potential. Copper is still a winner and the outlook looks promising.
I am still in EQN and would have been up and away if it was not for this tax issue in zambia. But also that will pass and the share price will recover quickly.

Oilers are out of my portfolio except for COE and the left overs from PSA. COE will have to pay for my PSA losses.

I took VRE because of Carnilya hill and the rising goldprice we all know what a mistake that was.

I had a look at MAK but if you look at all those projects most still in the infant stage it bothers me.
And then you think on the costs and time to develop it all, especially in these times of shortages of everything in the Industry, it makes you wonder.
But saying that I would have loved to make the ride from 20 cts to $2.50 lol

So I stick to what I know will work in these times. Let some of these companies mature to get the best returns.
WSA will be one of them, and AGO will be part of this scenario also.

And I am sure that along the way something good will come along that catches my attention.

I saw MCR had another good drilling result, was serious thinking to take a punt last week. But had to top-up EQN instead as it was dirt cheap imho.

I see your IGO is stil doing fine, AOE has become a dissapointment. Glad I took small loss and moved on.

So I hope you get some more WSA and get some more AGO before the real run start....lol

jojo