Club Mulgoa

Tuesday, March 01, 2011

Columbia

This South American nation used to be famous for it FARK guerillas and cocaine. Today, in the ASX, it has regained fame as a platinum and coal producer. Apparently, it was number one for platinum before South Africa took over. I have PGM buying tenements there so it got a lift in its share price because of that. PGM is already in Greenland for platinum group of metals.

And just recently, TRH is moving into Columbia looking for coal. It has been hunting for potash in the USA and that is the main reason why I made a profit out of it. And now Columbia! I could have made more money out of TRH but I didn't participate in its Fe spin-off. Too many stocks so I was not keeping an eye on the float, and not much spare cash!

Meantime, there are other potash companies and platinum companies moving into South America, listed on the ASX, which have done very well just by announcing their move there. Just hype only and it is already profitable for their shareholders. Read the ASX announcements and thou shall have Paspaley Pearls.... or Kailis Pearls.

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