Today I bought Azumah and Red Emperor, no not the fish. I'm wary of stocks but thought I'd dip my toes.
Interesting time to dip your toes mate but welcome aboard the share train. As long as you do some decent due diligence you should be ok. To be honest for a beginner I'd recommend LIC's or jumping aboard some of the shares mentioned here by folks doing good research.
I can't give you the educated version Silver soul because I don't have one but to explain it as best I can is after a little reading there the two I liked.
It is your money, but that train of thought would spell financial suicide for me. Hope they perform well for you though.
I've been following a few myself over the past years. One that keeps catching my eye for attention is (KBL) I have mentioned this little winner, to a couple of stackers on the forum in the past. Unfortunately one member is unable to hold because of job position, others! Who knows http://www.internationalresourcejournal.com/mining/mining_september_11/kimberley_metals_limited.html http://www.kimberleymetals.com.au/i...rtinPlaceSecuritiesMineralHillResourceUpgrade Above is a couple of resent article's on the company. Make your attentions to Sorby Hills! Come back here in 12 months time and thank me, with gifts of silver & gold, for the heads up donations
I might get some AYN on monday and top up on some EVG - lets see what the charts look like at 1pm - I'll also be buying more silver bars too - spot is just too good atm to resist Anyone here got some good tips on any uranium miners?
Geewiz I'm the very last person ever that you would want to ask ever, but because you have I will give you one to look at QRL why.. They have a very boring website and not much is going on which makes me think there hiding somthing, BUY QRL but remember everyone is getting out of the burning building so are you sure you want to be running in?
Think your in a good space with AYN Uranium is another I'm keen on but been holding back to see where the fall out ends regarding China melt down. Have not looked for awhile but liked Paladin at the time - think it PDN? about half the cost lately from when I started getting interested...anyone else have a pick for this space? Uranium will be a strong long term investment IMO As mentioned, markets are likely to be pretty volatile for the short term(next 3 months), but if your buying good companies with intrinsic products,some real bargains are there for the taking
Ag I hope ur right with AYN - I have been watching them bounce around the 10 cent mark for quite a while now - Friday they closed in the low 9s so if they break down thru the 9s I will be in - we'll have to see what the market does on Monday. The US markets closed up higher but that really doesn't mean anything - Bernake and his Operation Twist really set up the markets last week for a fall - I just hope it keeps happening this week. I dumped a whole heap of stocks that were in profit at the start of Sept when the ASX bounced up to 4400 ish (after Bernake's last speech) and have been waiting for the right time to buy some stocks I have been watching. As for U308 - I known theres some people who are against it but realistically as an energy hungry society it is a form of energy that can provide large populations with the energy it demands. Even after Fukishima the Japanese are not going to slow down their dependance on U308 - afterall they have nothing else, and with China setting up a whole new grid of nuclear reactors I don't think the world is ready to give up on the dirty yellow cake. The spot for Uranium just jumped back up to $54/lb after being around $48 around the start of Sept, and I am hoping that it will jump back up to at least $70/lb by the end of next year (conservative outlook) - reports I have read are saying that there is not enough mined U308 to go around and before the fukishima disaster the spot for Uranium was comfortably sitting at $70/lb - and even before that it was at $140/lb pre GFC 1 U308 stocks I been watching are PDN, DYL, PEN and ACB PDN was at $5 pre fukishima and now at $1.40 DYL was at a 32 cent high pre-fukishima and now 14 cents PEN was at a 15 cent high pre-fukishima and now 4 cents ACB was at 60 cents pre-fukishima and now 24 cents these are prices that are very hard to pass by
pulled the trigger - in on AYN at 0.079 and PEN on 0.038 - now waiting on EVG to hit my buy target also bought some 10oz bars from PM and waiting on BB to drop their prices on coins before I spunk the rest of my cash man its gonna be cans of beans and tuna all week for lunch...
rbaggio - whatever you do - Don't open Commsec!...the red is everywhere ...it's unbearable!...oh the carnage! Oh well over that now - so who's buying like a Pig in Shyte? <Ag raises both hands and big smile>
I havent looked yet but i know my porfolio is probably down about 20-30%, if i look and confirm it i will throw up because i dont have any capital to take advantage of all the blood - i was one of those who got slaughtered but im not selling we'll bounce soon enough
RMP have moved pretty well but on the lowest days over the past few months show not a lot volume so unless you got in on those you would be making modest gains. Best of luck though. EDIT: I detected sarcasm in Dusty's theory, I was trying to get him to spill the beans.
