Weekly Fundamental Analysis Prospects (Week Starting 6th Feb 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).
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 week’s 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.!
PPX - PE offer at 9c from possibly Platinum from US , and Friday after the close one of the paper industries success stories Andrew Price puts up his hand to get involved. 30% is still below the PE bid price , [My time frame for over 9c is 1-2 weeks] Spotted by Firsova (Position Unknown)
NUP - Phosphate in NT Aust. Currently doing step out drilling program which is hitting DSO grade phosphate and will establish a substantial maiden jorc. This is extension of neighbour RUM’s large Jorc phosphate resource. Expecting Phase 2 drill results far to the east (Qtrly said in late Jan 2012) [Possible massive extension to drill hits could continuous over 30km to East. 1-2 Weeks] Spotted By: Freehold (Position held)
MAK – Phosphate in NT Aust and Namibia. Jorc 2.5 Bt. Has largest phosphate resource of any listed Co in the world according to ASX Ann 25 Nov 2011. India's largest iron-ore miner by sales hopes to acquire 50% stake in Wonorah phosphate deposit negotiations in progress. [Speculation of successful 50% farm in deal to continue to drive price over next 1-2 weeks.] Spotted by: Spotted Freehold indirectly by Enrichmj’s LCY post last week (No Position Held)
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)
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)
GMR - Au explorer in Burkino Faso, Drilling for gold commenced at Sepola mine. Results from previous drilling confirm 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)
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)
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 (No Position Held)
WGO - Iron Ore in West Africa drill rig being moved into place to confirm target estimated 1-2 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)
NMR - Coal (thermal) Botswana has 4.2Bt Jorc. Targeting additional 2.4Bt in Stepout drilling underway. Presenting at the INDABA Mining Conference in S.Africa. One of the largest mining conferences in the world. Poss 6.6Bt resource likely to generate buying spurge given low Mcap. [Presents at INDABA 6-9th Feb in S.Africa] Spotted By: FreeHold (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)
