Club Mulgoa

Tuesday, February 19, 2013

Recent purchases

It has been quite depressing because the market has been dumping resource stocks.  Good announcements are ignored and funds are switching their money out into high yielding stocks, like banks and Telstra.

When RRS announced a good find in Trinidad, it went down after I topped up at 5.5c (today 7.1c).  NST was 96c when it announced a good extension (after good extensionSSSS) and I topped up (today 89.5c after another good extension of its gold reserve).  PVD bought over a new tenement in Gabon (I think) where others have found oil... and the share price went down after I bought and remained lower.  And WCL went even lower although there is a Chinese state company interested in it but the offer is not firm.

In the market, life goes with but the logic is different from the mathematical world in the short term!

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