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BUY RECOMMENDATIONS
Aquila Resources (AQA)
This mid-cap resources company provides long term exposure to coal, a sought after commodity even in today’s volatile energy price environment. Yet-to-be developed iron ore projects provide speculative upside to company growth ambitions. The fall in Aquila’s share price from an all time high of $17.95 to about $3.50 levels on October 10 is a glaring example of the fluctuating volatility inherent in today’s global markets. Aquila is producing profitably, having booked a solid net profit of $97.3 million last financial year. It’s worth buying at these levels for those wanting exposure to coal and iron ore assets.
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