Club Mulgoa

Friday, August 24, 2012

New floats

The best new float this year is PVD.  After attending a Proactive Investors Forum in May 2012, I felt compelled to buy because it had a very similar strategy as TPT and PCL.  TPT has fallen but I am still on a 49% profit bought nearly 2 years ago.  The cheap TPTOA options (issued at 2c as an entitlement) is now at 21c.  I am at 14% profit with PVD.

Nothing has been found yet but the tenement is big along Morocco.  It is waiting for one of the big boys to move into into offshore venture because it does not have the capital to drill on its own.

Only 4 stocks from the floats this year are above water, the rest are drowning.  I am interested in those that are near the bottom or at the sea bed!

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