Club Mulgoa

Saturday, January 14, 2012

Top 10

Many tipsters have a list like that but I have been on a holiday. Which ones are mine? None of the blue chip stocks.

Top of my list is ABU for what it has uncovered and will uncover.
Then CTP for finally hitting oil in Central Australia, with the largest exploration tenements in Australia.
LSA for how cheap it is and finding more gold.
MNC with the largest copper resource in South America, not owned by a big company
GUF for its coal in Mongolia
PRU will be taken over by a major gold company once production goes smoothly
TAS when the huge IOCGU deposit is finally confirmed and RIO will move in (RIO is funding the search)
RRS if the oil in Georgia is found, already missed the first time.
WHN if huge amount of oil in Seychelles is real
PCL if huge amount of oil off Kenya is real

These are high risk stocks. Read this: Oil explorations usually end up as failures in spite of all the hypes and detective technology but if a good deposit is found, then one gain will compensate for a lot of losses. That is the nature of investment in oil stocks that are hunting for prospective oil. Also if exploration is slow or delayed, then a fall can be expected.

Why not so many gold producers? Because the list of 10 is purely for scoring a good hit for 1 year, ie a medium term investment. These are a bit like horse racing to win for a fixed duration. But always remember, to do your own research, these are high risk stocks and it is purely to score best till Dec 31, 2012, i.e. an element of gambling.

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