Club Mulgoa

Wednesday, February 27, 2013

China Shale Gas

Today, I made a big loss by selling my shares in ADN, BLY and FML.  These used to be profitable but in recent years, they have been disappointing.

China has the most shale gas in the world but it is grossly under-developed.  So, using the cash from the sale of those stocks, I ploughed the money into LYL and SEH.  These are listed on ASX and the tenements they have look promising especially SEH.  Am I smart or dumb, we will never know...

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