Club Mulgoa

Wednesday, December 08, 2010

AFR

I heard it from the horse's mouth. AFR's CEO presented at the last Proactive meeting which I attended.

This evening, Diggers and Drillers (a share tipster) recommends AFR. But one thing he is not right about and will affect the outcome in future: the railway line. While there is one not far away, it CANNOT be used for bulk transport. So the company has to rely on Indian developers (who has invested big in another nearby coal mine) or the Botswana government to build another line to a port. This is very, very expensive as the mines are very far inland and the ports need to be upgraded.

Well, I bought it soon after the meeting. As usual, it fell first but now I am nearly 15% positive. Not bad for something bought less than a month ago. Tomorrow, it will fly if DJ does not collapse.

0 Comments:

Post a Comment

<< Home