Time for another update on my holdings!
MUN - still hold and feel very comfortable with this one even though the SP slid back slightly but am confident that when gold production begins (very soon) the SP will respond and possibly be re-rated
MXR - still hold and with a number of pending announcements due am quite excited about the potential of this one
MHL - still hold at a significant loss but are in the bottom drawer
GIR - New holding that is performing very well at present with what seems to be a re-rating in SP currently. Lots of potential with many large scale projects.
ROC - New holding which i bought today.
Best of luck to all investors - I find this a fascinating thread to see other portfolios and where investors see value!
G'day All,
Good to see this thread is still active and people are updating their holdings every so often!
Well its been a couple of months since i last updated my holding and it looks vastly different to the above:
Sold out:
MUN - was disappointed with this one and could not understand the decline in SP as they moved into gold production. I have no doubt they will come back but i guess i didn't have the patience to wait it out!
MXR - got on this one a couple of times and did quite well
GIR - did well out of GIR but should have held a lot longer than i did
ROC - short term hold
Current Holdings (in order of size):
MHL - Bought more and lowered my average buy price. I think we are in for some interesting times over the next month or two with the potential official signing of JV with Sentry and possible new projects.
AZX - Bought yesterday at what i considered to be bargain basement prices for the projects they have on the go. Two significant projects on the go with others being explored. Kingsgate (NSW) Mo,Bi and possibly Si (high value which would otherwise be waste) project and also Khartoum (North Qld) Tin project which could be shown to be a world class tin project after more drilling has taken place to get an accurate handle on resource size. Market cap of around $23M currently.
COE - Cooper Energy involved in oil production and new oilfield projects. SP has declined and stabilised around the 50c level (currently 46.5c). Many analysts and also the company suggests that they are very much undervalued at these prices. Lots of potential IMHO
BMY - Excellent tenements in the Pilbara region for iron ore. Manganese & base metals prospects in NT aswell. Early days at present and as somebody else (could have been YT) mentioned this could be a sleeping giant! Market cap of only about $12M currently.
AXE - Archer Exploration is an iron ore, manganese and base metals explorer with a range of wholly owned projects in the highly prospective Gawler Craton region of South Australia. To date their Carappee Hill project has shown grades of up to 57% iron ore and manganese grades of up to 53.8%. RC drilling of 2000-3000m has just started last week and should be completed within a couple of weeks. AXE also have well advanced exploration on a number of anomolies on their Olympic Dam style IOCG-U deposits. They have also recently announced their latest aquisition of a tenement area that covers the historic Fairview Phosphate Mine and Robertstown Copper Mine. A lot of exciting projects on the go and has a very modest market cap of just over $5M.
CYS - Chrysalis Resources relatively newly listed with a lot of projects covering many commodities in WA. Has some very prospective ground for iron ore. Market cap of just over $6M.
AHN - Athena Resources has projects in WA. Recently announced very encouraging rock chip samples for Cu, Au and PGE's. Market cap of only just over $3M. My big speccie!!
Good luck to all