Club Mulgoa

Friday, September 30, 2011

GUF

Coal is gold. While Greenies are screaming at coal being mined, they are also screaming at uranium and oil & gas.

Most renewables cannot as yet provide adequate energy. The Greens should cycle and/or walk to work. Bob Brown will just have to kayak across the Bass Straits.

The best coal stocks for me to consider buying or topping up is TVN and GUF. I bought some GUF today. It has two of the best addresses at the moment - Mongolia and Galilee Basin in Queensland. But it looks like the markets will fall again tomorrow so I might have bought too soon. However, I rarely buy for the short term so it doesn't matter much.

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