tigers tops the calcutta bids wow

as far as the general investor goes, they know little to nothing about tigers imho.. this one is really new and really no one knows about ammam.. if you asked anyone they would look at you with a blank expression.. "whats ammam?"

but its seen as a top rated multibagger by many, including myself..

so much so that it was the most sought after and attracted the highest bid in the recent culcutta

good luck to the sellers right now, but imho they are missing some opportunities that rarely come along.. and i have been picking up many more at these prices

under the radar for the majority, but good to see timbosivic notice it, maybe the others will too!!

best of luck and enjoy the ride to those fortunate enough to be in this tightly held share


BIDDING WAR

While the gambling appetites of us normal folk peak today with a bunch of nags being flogged around a track in a bleak city, for fund managers there is the Calcutta auction organised around favoured stocks at last week's annual awards ceremony.

CLSA Australia's James Paterson obviously profited from last year's trek around the mining back blocks after his bid on Hunnu Coal won him the 2010-11 Calcutta.

The way the Calcutta works is half the pool of money bid on the stocks goes to the winning picker; the rest goes to charity. The stock that Paterson picked for this year's Calcutta, Tigers Realm Coal, topped the bids last week at $18,000 with the total pool reaching $90,000.

The team at Regal were the biggest contributors this year, lodging winning bids for three of the 12 stocks including Tigers Realm. Not to be outdone, Michael Johnson of Macquarie bid $5500 for Ten Network, while Peter Roberts of CLSA punted $15,000 on BlueScope Steel.

Read more: http://www.smh.com.au/business/sols-still-shifting-the-paradigms-20111031-1ms96.html#ixzz1cOaDYx2l