NST

An idiot jettisoned the mine that NST now owns.  It found more and more gold and is a producer.  In spite of having a good set of managers, the market has been pounding NST because POG has fallen.

http://www.asx.com.au/asxpdf/20131030/pdf/42kgrkjsz4dqxf.pdf

Yesterday, when the big coal discovery was announced, the share price hardly moved!  Yet in The Australian today, an article appeared to inform the readers how valuable this huge find is.  RIO sold its 51% share in a thermal coal site for $1 billion.  That deposit is less than half the size of NST's projected size.  Of course, more exploration is needed to confirm the resource size.  The thermal coal is not high quality but it is like most others in Australia and Indonesia.

So today, because a business journalist has picked up on the story and analyzed it, you will find the share price will perk up.  I am hoping all my parcels will be profitable!  But I often wonder how those big investors choose where to park their money.

BPT

The management has frequently come out with announcements like "Profit is expected to rise further"  or "Reserve is expected to increase in the near future", yet the market has hardly rewarded BPT even when the figures are confirmed.

One day, when you wake up, you will find that BPT has a Chinese name.  But at the moment, it is more likely to be American or British but the Chinese are moving very, very fast.

Australia... the clever country! 

Idiots running the show

Lots of people pay huge amount of money to idiots running their savings.

When a bunch start to move money from bonds to stocks, the rest follow like lemmings.  The move has started so it will soon be an avalanche.  That means the stock markets all over the world will do the same.  There is no real logic other than the momentum.  And these idiots are paid huge bonuses because their performance will seen to be tremendous yet all they did was... follow the bunch.

Review of buy performance since 1/1/13

I have always maintained that it is best to buy when people are dumping for no reason but the FUNDAMENTALs remain good.

POG had been hammered but whatever the ETF mobs are selling, the Chinese consumers are mopping them up.  Hence, there appears to be a floor on the price of gold.

In the meantime, the price of oil hasn't done too badly because the US and European markets appear to be picking up.  The Japanese has improved and the Chinese has not gone backwards.

What I am more interested is in those (bought) shares that have fallen further and less keen on those that have gone up.  These are SLR, WHN, LRL, RRS, PVD (one parcel up a lot and the other down marginally), TON (down and up), NST (up and down), KAR, CDU, RIO, ABU and CTP.  More have gone up  :-)

AQO

The markets aren't doing well in for the resource sector.  Normally when a newspaper finance editor reviews a stock, it jumps.  AQO had an excellent write up by the finance editor of The Australian yesterday... but the market remains unimpressed.

I intend to top up...