WES

Tell me the logic...

WES went to the UK and bought a hardware chain.  It made a big strategic mistake and withdrew with a massive loss (billions).  I expected the share price to fall when that failed adventure was announced.

So far, its share price has gone up and up.  Where is the logic?  The fund managers were expecting a bigger loss but for me, it is still a huge loss.  In life, everything is relative...

NST

Many years ago... but it isn't really that long ago... in 2011,

I bought NST.  It was brilliant.  It bought a ditched gold mine and extracted a lot more gold than thought was left there!  Then it discovered more there.  And when gold price retreated, it bought more mines from lousy producers (and these are NOT small gold miners!).

I could not buy more NST shares in recent years because it kept going up and up.  I thought it was getting overvalued.  Today after rising nearly 8 times, I wish I had trusted the good management and continued to buy!  All my initial buys before 2014 were under $1 per share.  In 2015, I took a plunge and bought at an expensive $2.

Today, it is $6.89...

AMI

I am not a greenie while I like their principles. The best way to save the Earth is not to reproduce because future generations consume. But who would agree to that?

Can we stop mining? Even solar panels to capture renewable energy require minerals. And batteries need lithium.

I got burnt badly when resource stocks tumbled. But investing in the right companies especially with good management can be extremely rewarding. A good board would also be concerned with environmental damage and takes care with preventing mishaps.

I retained a few. The lithium ones are outstanding and those with excellent managers have been great too. At the recent share purchase plan, I invested the maximum in AMI. The board has reduced its debt greatly and mining has been progressing smoothly. At 21c 6 months ago, it is now nearly 63c.