Club Mulgoa

Monday, May 07, 2012

NGE

Last Wednesday, I attended a Proactive Investor seminar in the city.  There were 3 stocks that I was interested in: YTC, NGE and CXM.

NGE has a JV partner in PNG.  A Japanese company invested in that JV partner, Talisman (from the USA).  You wonder why it didn't just sign up with NGE.  The price that the Japs paid means NGE should be worth a lot more.  Hence I put in a bid for 5.8c.  Today, when the market plunged, I picked up those shares with no regrets.  Luckily I dropped the buy price lower!

I had also lowered the buy price for YTC and CXM, too.

0 Comments:

Post a Comment

<< Home