Club Mulgoa

Friday, May 23, 2014

OSH

It feels like the good old days of the resource boom.  OSH share purchase plan was for $8.20 a piece.  And yesterday, it closed at $9.30.  Hence, a nice 13% rise within a fortnight.  You can't make this kind of profit lately!

Even better still is the near future prospect as LNG is shipped.  The whole process has moved along nicely and will be a great earner for the venture.  Nothing is ever that smooth though...  There is political trouble brewing in PNG over the government's debt.

And China is not out of its doldrums.  So I expect nothing dramatic; in fact rather negative.  But I am happy with my OSH investment, a slow and steady rise over 8 years...  using my own research.

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