Weekly Fundamental Analysis Prospects (Week Starting 30th Jan 2012)
Here’s this week’s FA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week). I've included a general invest short term trading idea's section at the back as a few are coming in..
Again, I have taken the liberty of adding some info where it was unclear or fixing typos where I came across them. Hope no one minds. I have reduced the list to 10 or so items again. If you would like me to change your item then please let me know and I will update and I will re-issue. Will open for submissions on next weeks list this Friday after market close.
Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So research it and make your own mind up to invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Best of Luck.!
SRK - Fe Producer in Peru, Jorc 269mt @57.3% Fe, preferred valuation pre-JORC upgrade = 19cps, current s/p 12.5c, $200m LoC announcement was out after market on Friday, so we may see 30%+ in next 1-2 days. [Expect Jorc Upgrade 30-31 Jan] Spotted by Erichmj (Position Unknown)
LCY - LCY Fe in Pilbara, NMDC holds 50% shares in Legacy, and all future acquisitions by NMDC will be executed through Legacy. Currently has JV to earn 60% of Mt Bevan project (target 1.5b-2b @ 30-40% fe) by spending $3.5m which would be completed by April 2012. In advance discussion for $200m LoC to further fund mine development and acquisitions (MAK's Wonarah phosphate project/AGO's Ridley IO project); Mt Bevan project (60%) JORC upgrade due end of January, MAK/AGO projects acquisition should be finalised during February month. [Jorc Upgrade by 31st Jan] Spotted by Erichmj (Position Unknown)
AVB - Copper/Gold Iron ore, Brazil mineral rich Carajas region. Have been drilling a suite of very high grade Cu Deposits with numerous thick high grade CU intersections (IE, 2%-50% cu) over the last 12 months (approx) since last Jorc. [Expect possible re-rating on release of revised Jorc likely within next two weeks]. Spotted By: Freehold (Position held)
GOR - Au Exploration in the Yamarna belt in West Aust Jorc +1m Oz Au, some V.high grade intersections in recent drilling ie, 25 to 480 g/t Au [Drilling results expected early Feb] Spotted By: Nohowon (Position unknown)
CNN -Biodegradable Plastic bags, recently announced trials in four City Districts in China to provide householders with kitchen waste bags made from Cardia renewable Biohybrid™ The four City Districts now included (23 mill People), Success = huge contracts =huge increase in sales. [Quarterly Report Due will potentially show large increase in sales. Sales of $1,415,432 for Sept 2011 qtr was a 276% increase compared to same qtr 2010] Spotted By: Knowbs (Position unknown)
NWE - Shale/gas play in WA mid west ..has recently intersected 1000+m of shale and is waiting for Govt approval for the vertical frac’ing. By all accounts its a excellent prospect. NWE have a V.large land position in the Mid West. If WA Govt approves we will see fireworks here [ Govt decision expected between Now to 5 Feb] Spotted By: Freehold (No position held)
VOR - Cu Explorer in Mongolia. Sitting at support. Needs to hold 0.074 , announcement due soon. Last announcement was not well received by the market and are waiting for the next announcement for a clear picture. [Clarifying Announcement awaited/ No Time frame given ] Spotted By: Padhai (Position unknown)
GMR - Au explorer in Burkino Faso, Drilling for gold commenced at Sepola mine. Results from previous drilling confirms they are on exceptional ground. Next results will be a great boost for share price 29/12/2011 [Awaiting next Drill results / No Time frame given ] Spotted By: Cowboycgt (Position unknown)
BRU - Oil & Gas in the Canning Basin and other WA areas, already massive discoveries, recently moved from 70c to 1.25 support and more coming, inside predictions are $3 this year.. I cant say more [No Event /Time frame given] Spotted By: Exmouth79 (Position unknown)
WGO - Iron Ore in West Africa drill rig being moved into place to confirm estimated 2-3 billion tonne DSO ore at 68% Fe. AKI being bought out at present and EQX probably next target, any confirmation of WGO resource will see big player interest. Also more acquisitions of nearby prospects on the cards in near future. Tight registry and good market cap, current prices are set to become support IMO. [Confirmation of Fe Resource / No time frame given] Spotted By: Exmouth79 (Position held)
General Short Term Trade Idea’s
Gold Stocks - Expect to them to continue to rally as the USD declines Spotted by: Nohowon
CBA Feb puts - Bank funding costs of maturing debt are skyrocketing. Bank margins will impact profitability significantly, despite massive layoffs. As each new offshore deal is completed, more and more downside on major bank SP is expected [minimum 20% by end April] Spotted By: SuperCycleBear (Position unknown)
League Table: I intend to (given the time) post a running league table the successful spotters from last week and intend to update as long as the weekly FA list is published...no prizes for heading this league (...Perhaps bragging rights on the short term thread and recognition/notoriety from your fellow short term posters)
Note: Submission for next weeks FA list open on Friday After market close.
