a rare investment

Being somewhat anal to market circumstances over the past twelve months, have been been a seller of most of my portfolio with very few interests retained.

This stock is the first punt I have entertained in 18 months.

I am conservative by nature and try to buy when gloom and doom surrounds. Such a practice has served me well for the past 30 years in the mining sector.

This one could be wrong however the management is highly credible IMO, (and I do not say that lightly), and to have three very serious drill programs current on threee continents by people who actually know their onions is a rare accomplishment.

The African stuff is of immediate interest due to the nature of a calcrete play in a new basin (FTE is adjacent and about to announce something) is of serious attraction.

Throw in the current drill program in Sweden, next door to a Canadian flyer, has to get attention from one or two overseas punters.

Then the Australian program which also has substantial merit.

Sure they may want to do a placement down the track, but that track could be awefully attractive in the short term.

Am I biased, you betcha after buying the other day.

But in terms of a 3 month punt few would offer better leverage realising the risks involved IMO.

Cheers, TAS