stay focused go lynas, page-2

I agree totally - However there are exceptions eg Uranium miners who were hit by a Black Swan after the Fukushima event. Concentrate on quality companies with strong management, consistent cashflow, proven in-ground assets (in case of resource co's by way of jorc or otherwise) healthy earnings, strong orderbook and (if you can, in avoiding the overblown hype of companies which are from time to time 'flavour of the moment') comparatively low p/e's. Two of my UK holdings are Petrofac (PFC.L) and Tullow (TLW.L) - MODERATOR PLEASE NOTE THIS IS NOT CROSS_PROMOTION AS THESE ARE JUST EXAMPLES on a different xchange! Look at the numbers - PFC.L has $11.4 BILLION dollars on their order book. Aiden Heavey at Tullow's another example of an exceptional CEO. Always do proper diligence... and over the medium-long term you'll be rewarded :) Best of luck all!