unloved assets

This comment was made about Nathan Tinkler in a recent article:

4. He’s good at spotting unloved assets:
Despite his youth, Tinkler has built a reputation as a spotter of unloved assets. The Queensland coal deposit he bought back in 2006 was dilapidated and had been written off by others. The Maules Creek deposit Tinkler built Aston Resources around was a cast-off from Rio Tinto. He turned both assets into big dollars.

Hmm, what other company do I know that could fall into that category?

Gotta admit I have been guilty of grabbing at the falling knife. That's because I believe that within a decade, this company will be paying a dividend that will cover the cost of purchasing stock recently. I am singing my version of 'Its my party and I can cry if I want to' but it goes like this 'That's my dream and I can believe it if I want to'! I admit it is not a well known investment strategy but I am willing to share it with Mr Buffett if he asks nicely...

Once we get beyond the hype of the 'end of the mining boom' and 'China's hard landing' it is going to be interesting to see how IO producers fare over the next decade. The end has been called for Oil, Ore and Coal at various times over the last 40 years but they seem to keep on making a lot of money for people that invest in them and they seem to keep on going up in price.

The friendly trend is on our side with this stock. That's why I am adding to the first million shares.