The chinese mob will be back and soon even before you know it .They got deep pockets and this time they definetly wont be looking towards rio tinto or bhp direction. Junior Miners and iron ore miners are going to reap the benefits
RIO TINTO AND BHP LED US BACK MUCH HIGHER INTO THE REVIVAL OF THE STOCK MARKET. But from now on it will be the junior miners who will be most likely to gain from here. The chinese have been rebuked and they will be hunting to get them some easy prey and the juniors will be having the last laugh. Fortesque Metals (FMG ) one of the larger iron ore miners after bhp and rio tinto has already reaped the benefit of this latest development with a big jump in their share prices and it expected to shore up more contracts.
I sat down to review my portfolio and … ouch! What a mess! Red everywhere; some of the stocks were down 50% and more. Statistics say only four or five out of 2000 companies on the ASX rose last year. Four or five in 2000.
The Chinese are expected to use the global financial crisis to secure stakes in WA mining companies.A stock market analyst says the global economic crisis is likely to encourage Chinese investment in some of the state’s junior miners.
But now is the time the market is rising and probably on the mend(fingers crossed) WE have to look forward, not behind us.
One of the fundamental axioms of investing – that you could simply hold a good allocation of ASX20 stocks and watch them go up, and that if all else failed the dividends would see you right – has now been proven to be wrong.
Some of the Junior Miners Stocks worth Buying Holding or Keeping in your watch list are
Atlas iron (AGO )
Mount Gibson Iron ( MGX )
Gindalbie metals (GBG)
Fortesque Metals (FMG )