MNC

On the 16th March, this company is presenting itself to the Brits. There is a lot of capital swirling around London, much more than in the whole of Australia. And Australia often under-rates its own stocks, especially the small caps.

MNC is not a household name in Australia. Not yet. Its principle 'jewel' is in South America. Lots of it. In fact, it has one of the biggest copper assets within the ASX small caps. You need capital to develop your deposit. When this one starts to produce copper ingots, that is when you will see it rising up the ASX.

It will depend on which story you want to listen to. If China falters badly, then copper price will dip. No, copper price will plunge. If China carries on, but at a slower pace or at the current rate, then copper price will go up. Why? Every analyst that I have read says the supply is not catching up with demand. And China's per capita use of copper is still very low.

The best time to own MNC is not when you competing with people with money who have BECOME aware of the stock and its potential. You want to beat them. And if the market sentiment is horrible and you are not buying in 7 figures (which will affect the price and bring other investors to notice it), it is an opportunity for you to feel like a small-fry contrarian.... like me :-)

Note: I bought in Aug 2010 for 23c, currently 40c. So I have not topped up because it has been a slow rise most of the time. I usually only top up when the share price dips because I am always on the look out for idiotic sellers. Hardly any in MNC :-( However, if spare cash comes along and there isn't anything else to buy, I would consider buying more MNC for its future 'recognized' value.