Time will tell. Bought into MLX this morn at 17.5c. Has just started tin production. Low fwd PE (about 3)and lots of decent looking tenements. Also bought BDL at 17.5c and MCO which is pouring first gold ingot late October. Will feature on channel 7 tomorrow evening apparently. Although i remain bearish re world economy ncl China i am buying companies that have good income streams with low PE eg. RCR, VMG, CXG, BDL. They all pay and (BDL) will pay ffr divs. Have also recently bought resource stocks with exceptionally rich grades of ore, proven ore reserves, low cost-of-prod and are oversold/underpriced. These tend to be mines juuust starting production/income stream eg. MLX, MCO,TTY,WSA and OMH in July. Have a few specs which have low debt, massive proven resource base but 12-24 months from sales. Hoping they maaaay become a '10 bagger.' MAK, LYC, CNX, BRM. Rest are solid earners with growth potential eg. LEI, MAH, WOR, MIN. Have a couple of turkeys which have not included.
CXG Price at posting:
86.1¢ Sentiment: Buy Disclosure: Held
