Club Mulgoa

Monday, March 26, 2012

RAU and PCL

Just look at the different directions stocks can take. One has got good tenement in Bolivia but the far-left government is wanting to stick its nose into the mining industry. Of course, the leader has not learned from history. So RAU has withdrawn its involvement resulting in decimation of its share price. But watch the stock when the Bolivian government realizes what a stupid mistake it has made.

And PCL is all hype but the surrounding/nearby tenements are getting oil strikes. Hence, its share price has exploded. Best of all, PCL does not have to pay for drilling cost. It pays by allowing the big boys, like Tullows to pay for the farm-in and also the exploration cost.

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