EMC - December report extracts. Now we know who was selling -...

EMC - December report extracts. Now we know who was selling - looks like they were profit taking on the sub 20c purchases like Hoots - The fund manager must know how to read charts ! LOL

"No stocks were removed from the portfolio and no fresh positions were initiated. The Manager made net sales of securities equivalent to 0.4% of the opening value of the
Fund. The largest sales were in Pluton Resources and Horizon Oil, the Fund’s two largest positions at the beginning of the month .


The largest purchases were in Sundance Resources, Red 5 and, to a lesser extent, Fortescue Metals Group. As foreshadowed a month earlier,


Of the 13 stocks (out of the 19 in the portfolio) that made positive contributions to themonthly investment outcome, that of NSW coal mine developer Nucoal Resources wasthe most significant with lesser gains from 3D Oil and iron ore miners Pluton Resources and Fortescue Metals Group

Pluton Resources announced an iron ore sales agreement with Hyundai SteelCompany following its first shipment of iron ore from Cockatoo Island earlier in the month


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