Skip to main content

Stock punts for 2010

Careful stock selection for 2010 could prove as rewarding as it was this year and soem stocks to look out for is as below. These pure plays were favorites in 2009  and made some money . it could most definitely continue the trend in 2010

Australian Mining and Energy stocks For 2010

COAL:

The genuine surprise package on the punters' list is Gujarat NRE Minerals (GNM).

The Indian-controlled group is a pure play in hard coking coal, the likely boom commodity in 2010. Contract prices for 2009 of $US125 ($141) a tonne for the steelmaking raw material are likely to rise by a minimum of 30 per cent. Gujarat owns two mines in the southern coalfields of NSW with a resource base of 570 million tonnes. It closed on recently at 71c.

COPPER:

A maiden resource estimate in the March quarter from Sandfire Resources (SFR) for its DeGrussa/Conductor 1 copper/gold deposit in Western Australia is expected to more than justify its current share price ($3.33 on Friday), with exploration upside to come.

GOLD:

It says something about the lack of exploration success in the local gold industry that the gold stock to watch is an African explorer, Perseus Mining (PRU).

It is a standout candidate to be taken over in 2010, with its 400,000 ounce-a-year near-term production potential from deposits in Ghana and Ivory Coast expected to be too much for the big boys of the goldmining game to resist. Perseus rose 6.5c a share on Friday to $1.74 on heavy buying by Citigroup.

IRON ORE:

This is one area where share price fatigue has set in after a strong rebound from the distressed levels of February. Access issues for the juniors to rail and port infrastructure has not gone away. The trackside punters went for Gindalbie (GBG), developer of the Karara iron ore project in Western Australia's mid-west, in a joint venture with China's Ansteel.

It will be the project that finally convinces investors that the discount applied to magnetite projects in this market is just plain dumb.

NICKEL:

Those that were trackside went for Chris Borwick's Independence Group (IGO). It remained profitable when nickel prices were at their worst and has a track record of adding to its resource base. Exposure to gold through the Tropicana gold joint venture with AngloGold Ashanti doesn't hurt. It last traded at $4.77 a share.

OIL:

The punters settled on Cooper Energy (COE). It closed on Friday at 49c a share. At that price, exposure to its high-impact 2010 drilling program in overseas locations comes for nothing, given its market cap is more than covered by its $100 million in cash and its ongoing oil production business in South Australia's Cooper Basin.

URANIUM:

It is in a legal stoush with its partner but there is no taking away from the fact that Melbourne company Alliance Resources (AGS) has one of the best uranium exposures thanks to its interest in the Four Mile deposit in South Australia.

For those prepared to look beyond the delays in the mine's development because of the legal battles, the entry price through Alliance has been reduced to 64c a share

Popular posts from this blog

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…

Stock market and High frequency trading

High frequency and computerised trading androgue trading is again  in the news with  trader Mr Adoboli working for UBS  who was arrested at his desk, is alleged to have lost £1.3 billion through his rogue trades  according to the company , now also annoucing that they might go into a loss in this quarter. According to some reports in the media it was said that Mr Adoboli Himself had reported the  trade when the trade went bad before the computers picked up the loss.
Not so long ago in 2008 Jérôme Kerviel, the Paris-based Société Générale trader lost £4 billion in rogue trades, but fought it out in court contesting that the trading firm knew about his trades with large amounts.

High frequency computerised trading in Australia HFT drives the wild swings in global markets and in co-relation influences the local assets, the intensity is expected to rise with online exchange Chi-X to  begin operating in Australia soon with a limited number of stocks in November. The ASX will launch its Pur…