A Summary of Long Term Holds and Why:
ARM: Cashed up following placement at 90 cents, awaiting beneficiation results from the very large Capricorn Southeast Manganese Project, planning under way for the next exploration program of 650 holes (compared to 180 holes in the first program).
ADO: Great market potential for the company's Mix & Go product which is used to bind antibodies to beads used in diagnostic tests. Further licensing deals are likely.
DDT: The company's DataTraceDNA technology is likely to be used by some major global brands in the fashion clothing, bags and footwear markets. This was expected to occur within a few months from the ASX announcement on the 12th of March. When they talk "global brand leaders" I think of brands with the calibre of Versaci, Nike, Reebok, Adidas, Prada, etc. Should any of these sign up there will be a massive level of interest in the stock. News bue within weeks on that front.
MBA: I really like the way this company is developing. The business is expanding and it is in an area which is likely to be less effected by economic cycles. My only concern is that they may need to raise some capital soon to fund their expansion but once that becomes clear I will be happy to acquire more.
OVR: Undervalued based on Canadian zinc/lead project. About to recommence exploration which is likely to add to the JORC resource. Tight registry with top 20 holding circa 75% although given recent selling that is hard to believe.
PEN: Excellent potential to become a uranium producer in the US in the next year or so. Well funded to continue to prove up additional resources.
PNX: Excellent drilling results coming in from Princess Royal project with more to come. More drilling to occur on other projects.
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