I agree Treasure... too many punters love to take on very high risk in the exploration field. I used to punt on these very very often and most were stop lost out for heavy losses.
Yet your advice in regards to riding a Coys SP until just before spud can be very dangerous. As they do seem to be very volitile. Plus many daytraders jump on this strategy, so unless you are a very good and cashed up daytrader that can move small cap stocks I would prefer to stay away.
Apart from SSN I have chosen to stay away from explorers ONLY. I lucked SSN when diggers and drillers recommended a year ago when 1.2c. Now SSN is a different beast. All cashed up and a good producer- still undervalued. But I would prefer to now miss out on some upside and get in on a hugely raising Coy.
Eg. SSN started at say 2c.... goes to 8c... now it 6c.... it worth a multi bagger and rans on the board. The Directors target a $1 over the next few years. Cash and current production worth more than current SP alone and they have great oil land to keep exploring.
So you miss out on a triple bagger... yet now with very little downside and so much multi bagger upside it is a good bet.
Other examples in 2010 with rans on the board raising yet still heavily undervalued is MHM and ADO.
In the last few years I have rarely failed with a thoroughly researched Coy that already makes a good income with little downside and HUGE upside. Not many around so you do need a serious amount of time or a great broker to find them. Or follow some of the better researchers on this forum. IMO... some can point out very very good stocks to investigate yourself. As Askier pointed out MHM in late 2009 and I may have never found out about it without him pointing it out. So some can point you in the right direction for FREE...which we all LOVE- Lol.
All my picks fit this criteria now and I think are worth others looking into to see if it fits your investment criteria... As I have been greatly exceeding the market in recent years due to investment strategy.
Good Luck for 2011.
>>Some seem to be selecting 1 main one from their lot... so No 1 Top pick for me would have to be the ALU slag recycler MHM. That has HUGE expansion OS to come in 2011 and making good income in Aussie already. Unbelieveable upside in NMP and SPL development + Silica and gold. Huge growth ahead.
>>1) MHM- ALU Slag recycler is expanding overseas. Interest is HUGE from ALU firms. Tech is better than the rest. Currently priced at current income only. Director moving OS to deal with SSC and Alcoa. Upcoming Alcoa deal worldwide to come that is not priced in. They expect to be an ASX300 within 11 months now. Potential is far in excess of x10 in 2011 IMO. 10 bagger PLUS potential.
2) ADO- Market changing biotech. Already sign 2 commercial deals and another 47 Coys testing now. Market potential equals 100s of mil pa in royalties. No one has rejected Mix N Go tech. As it equivalent of having a better oil at a cheaper price for oilers. There tech is cheaper and faster... x10 potential for 2011.
3) NXS- Oil and gas producer and developer that is a fine value play. Currently has a gas project supplying Santos worth most of the current SP. Another project called Crux has huge upside potention at current oil prices and not priced in. Very little downside risk due to current production and multi bagger upside due to 1 main project- Crux. Safe bet.
4) SSN- Another value play that has currently only priced in cash in bank and 1 producing oil well. Fact is they have 2 producing wells and their oil land has a very high success rate. Very low downside with multi bagger upside in 2011.
5) CCC- A popular play on HC for good reason. Just made 7.7 Mil cashflow for last quarter, looking for 14M next quarter. Overall they may make half their current market Cap in 2011 from huge cashflow mine. Many more mines to become real earners in coming months and years. Only a matter of time for rerating IMO. Multi bagger potential. Brokers giving veru conservative double bagger targets.<<
