AZH

Good news for me on the ASX on this stock.  All my theories about this stock are right but lots of idiots were selling down their holdings recently.  I have bought many parcels waiting for news like today's or for AZH to develop it by itself.  At least TRY is Australian.

The tenement was connected to West Africa but due to Continental Drift, it split over eons.  And this company has been finding gold and more gold and has only explored a small part of their tenements.

I doubt any of my readers have ever considered AZH but it has always been appealing to me.  And I am sure I have had lots of postings on it.  For a long period, it was wise to sell because a lot of gold stocks were rated very highly.  But in the recently years, in spite of all the announcements and recommendations why people should accumulate AZH, the share price has been dwindling.  TRY is smart to make its move now.

Rights and SPP

At this point in my life, there is some tax benefits when drawing a pension from my super fund.  And with Uncle Wayne and Aunty Julia waging a class war, my contribution will be outstripped by payout.   Hence, my super fund now will have to concentrate on income rather than capital growth.

And as retirement looms, security and stability of assets become more important.  Hence, my super fund can start waving goodbyes to speculative stocks.  Also cash for rights and SPP is becoming harder to come by.

WHN

We don't know which company is farming into WHN's tenements in Seychelles.  But top 100 Global companies do not invest without doing their homework.  And usually, they pay handsomely for the privilige.

So what happened to WHN today?  It went up from 2.6c to 3c and then fell to 2.7c at close.  The news is good but the market sentiment is almost indifference towards resource stocks.   That is good for me.  For most of the day, it has been over 2.7c but I refused to pay higher.  If it falls to 2.7c, I will collect some new shares but if it jumps way over, my current holding will benefit.  Took nearly to the close before I collected what I bid for.

Just be aware that most oil exploration companies usually fail to find anything.....  so don't put your money into this stock unless you can stomach heavy losses.

WHN

I had talked about this before without anyone interested.  Today, it has an announcement about its Seychelles tenements.  Good or bad?  I wouldn't know but there is no reason to be awful...

2% fall yesterday

Lately, when the market rises, my portfolios lag.  And when it falls, my portfolios plunge deeper.  Yet, I see no good reason for the awful situation.  But you cannot challenge market irrational behavior.  People pay lots of money to fund managers to do stupid things with their savings.

Certain adages remain.  In the longer term, you never have to worry if you invest in profitable businesses.  Warren Buffett buys into management but we can only buy into little holdings of no consequences to the board of directors.  But if the board has proven its capability in generating good profits for a long, long time, then why bother telling the board how to run a company?  Luckily, I keep a chunk of my investments in the banks and well-run financial institutions like ASX and SYD.  All these pay good dividends, reliable and decent.

While China is not collapsing and while India is making some progress, it is hard to imagine that resource sector would collapse.  And while AUD:USD ratio and POG remain within a band, I can't see gold producers vaporizing.

So yesterday, my portfolios fell, too.  But for a change, it performed better than average...

Bank profitability

How do you educate the pea-brained uncle Wayne that when banks make a decent profit, you should not be screaming about daylight robbery?  For what the banks are worth, ie the market capitalisation, the nation should be glad that it is a profitable business.

Argentinian banks were not making nice profits in recent history.  And were therefore, not a safe nor stable vault to deposit your cash.  The citizens were queuing up to withdraw their savings.

And now in Cyprus, you have to pay a levy on your deposits.  Imagine, you pay because you saved!  Must be a bunch of lunatics running the nation!

So be glad, Australia, the four banks are not unprofitable...  Uncle Wayne, are you deaf and blind?

CDU

Today, it has an excellent announcement with extension beyond the depth of its planned open mine.  But like many previous good announcements, the share price will fall in time... if history is accepted as the predictor.  It is always fascinating how today's buyers or today's investor's have such short memory span.  It spurts, and then it becomes an anti-climax..  in a few days' time.

Shale gas in Australia

One big boy has moved into Cooper Basin recently by buying into BPT and ICN tenements.

Today, BHP has signaled its intention to look at shale gas in Europe... and Australia.  I often wonder why it took them so long.  They have paid billions in the USA.  And even more puzzling is: why no interest in Chinese shale gas which is the world's biggest collection.  Argentina of course has mad government; its shale gas reserve is purported to be bigger than Australia's.

Banks and ASX

It is just incredible looking at the run up on bank and ASX shares.  When one lemming moves into the financial institutions, the rest just pile in.  The market will continue to move like inertia and will also dump gold shares.

I just can't buy any more bank shares as their profits are going to be the same as what it used to be when I was buying.

One stock that I like currently is JIN.  It fell recently due to debt incurred but it is making the right move into internet gambling.  Today's announcement (moving into Germany) has resulted in a nice jump.  Pity I have no more loose cash to indulge myself with.