Australian (ASX) Stock Market Forum

My Hot Stocks

Update time.

First of all, some results from my last...
NEO - buy above 5c. Last trade at 0.056, high of 0.059
AMG - not triggered
VLL - still in a downtrend, see discussion of this one elsewhere
PCL - volume hasn't come yet
ADY - originally mentioned to buy above 10c, last trade at 0.18, high of 0.195
CUO - might be on its way now
GDA - still a mega speccie, but probably just a flee ridden dog
TAP - has put on about 30c to $2.07 at Friday's close

New additions to the whiteboard.

TYC - has broken out, directors claim potential worth to be $4/share, closed on friday at 0.66. Significant risk in this one, needs more analysis.
FAR - unusual announcement on Friday may result in buying opportunity early this week. A fall lower to a price of 9.1cps mathematically represents an over reaction and a possible buy opportunity.
CST - uptrend, potential long term hold, particularly if they hit the good oil with a bird flu vaccine.
 
brerwallabi said:
My picks gang are
PEM
AZZ
TAP
NMC
ALN
OXR
FCN
CMX
Progress Check close on picks 31st Dec 2004 gain/loss to 14/03/05
PEM up 37.8%
AZZ down 15.5%
TAP up 28.6%
NMC down 5.0%
ALN up 7.8%
OXR up 5.0%
FCN down 15.8%
CMX up 4%
If each had $10k invested in them I would be 5.86% up overall or $4690 on my $80k(brokerage not included), not real good, but in real life AZZ,OXR, FCN and CMX would have been sold triggered by stop loss, so losses would not be as great as they are in above in FCN and AZZ, but effectively I would not have a gain in OXR and CMX as they would have been sold triggered by a stop loss say set at 10% discount to purchase price (just for simplicity) so in fact I would only have made $2920 on $80k or 3.65%. At some stage this year I have held all the above and still hold some, AZZ & FCN cost me, CMX though was in real life a winner bought substanially lower then the 12.5cps on Dec31st, NMC will be a winner shortly on gold pour due in May, OXR is a trading stock that if not careful one can get easily burned. Just a interesting/boring exercise but i felt it was worthwhile. Hope the rest of your hots are all going OK, for those of you not operating stop losses you might say well how silly selling a stock when it actually reversed its downturn and then went back up over the purchase price i.e. OXR & CMX but then look carefully at AZZ & FCN.
GO PEM & TAP
 
GPN paid my screen a visit tonight. Volume has come alive in the past week and it has recently broken resistance at 0.018 which seems to be providing support so far. Closed today at 0.020 after reaching 0.022.

It should be noted though, that despite high volumes, being such a cheap share does hurt liquidity.

There are some rumours floating around about this one, but I'll need to speak to a few people and read their announcement history to get a better idea about what really may be going on.

In the meantime, it makes my now very empty whiteboard at 2cps with a big wait and see scribbled next to it.
 
My picks are...MAP...to double this year,ZFX...to reach my target of $4....BPC..to go to $1.50...and TLS which I bought for $4.72....to $7...as what the brokers say....on metals check www.kitcometals.com this was posted on another board but feel everyone who is invested in the minig industry..should know this webside :2twocents
 
Added:

RTM (closed today at 13.5cps, trading on AIM at the equiv of about 23cps right now)
RPM (breakout?)
AIM (gap out, crazy run since Mar 4)
MUR
 
* I originally posted this, but the browser died somewhere between hitting 'Submit Reply' and the post actually appearing here, so here goes.

First, an update on the stocks mentioned previously. For better or worse.

TYC
Closing Price then: $0.66
Closing Price now: $0.65
Comments: This is a long termer and any fluctuations in the price are immaterial. If they've got what they say they've got and got economically get it out of the ground anytime in the near future they're undervalued. If they don't have the cash to do it, or to continue operating in the mean time then they may never get there. That's the case for every speculative company though. In the mean time it stays on the whiteboard.

FAR
Closing Price then: $0.10
Closing Price now: $0.105
Comments: About ten more drills for this old junior oiler this year. Cash in the bank and existing cash flow and low number of shares on issue in compared to similar companies. Spiked at $0.145 on the 15th (I called it on the previous Sunday), but I retain this on the board for its potential.

CST
Closing Price then: $3.33
Closing Price now: $2.95
Comments: Did a good job of calling this one at the top. This biotech company will either hit pay dirt or not. Generally I'm uncomfortable in trading biotechs and despite this one having more going for it than most, subsequent research has led me to stick with what I know - resources and energy. This one gets struck off the whiteboard, but there may be potential there for those that are more familiar with biotechs to have a play.

GPN
Closing Price then: $0.018
Closing Price now: $0.022
Comments: The breakout worked as it should have and its held its own despite the downward pressure bought by the market. Volume hasn't been great and I haven't had an opportunity to look into this in too much detail. Unlike the others, this one was the product of a market scan, rather than researching a good story and filtering based on the chart. It doesn't make the cut and is erased.

RTM
Closing Price then: $0.135
Closing Price now: $0.090
Comments: Well, you've either heard what happened to this or you've been leaving under a rock in preparation for a market crash or something. Peaked at 17.5 after mentioning the word of the moment - uranium. Since then there has been conjecture as to whether they actually hold the tenants and whether or not its Uranium or Thorium. Turns out that the Namibian journalist misquoted the Professor and he wasn't commenting on the likelihood of uranium being present in Reefton's tenants at all, but another field all together. The question of the government renewing/ratifying there tenants remains unanswered. If they get them and there is commercial uranium in the ground then its another PDN in the making, if not there just another company full of broken promises. It stays on the whiteboard on that basis alone, with a serious question mark about the quality of management.

RPM
Closing Price then: $0.085
Closing Price now: $0.079
Comments: No comment. They've been cut from the team.

AIM
Closing Price then: $0.074
Closing Price now: $0.056
Comments: Check out the chart! Couldn't have called the top any better if I tried. A couple of blue candles and a gap to fill could see this one go back up. Off the board.

MUR
Closing Price then: $0.115
Closing Price now: $0.110
Comments: Not a whole lot of chart action, but reasonable volume. They've got uranium and I'd expect some price action when they start telling people about it. The few things I've heard warrent more exploration, so this one stays.

The purpose of this is purely arbitary. I don't and won't ever hold most of these companies, but I think its an interesting exercise to share which spec plays we've all been keeping our eyes on. The price then and now isn't much chop as ideally (see: RTM) you and I would have locked in profits during there runs so we weren't left holding when the music stopped. The unfortunate thing is that I've got precious little time to research most of these, so I direct most of my research to the places I look to place most of my money. Many pass in and out of the watchlist without me taking much more than a cursory look.

I would love to see what people are watching, why and what they're waiting for before making an entry. I've included whats on my spec watch list at the moment for you guys to have a look over and comment on. I would love to hear what you are watching.

Right now I'm very bullish on energy - oil, gas and uranium. You'll note this is reflected in this list.

SMM
Today's Close: $0.32
Comments: They've got a bunch of blocks adjacent to Xstrata's MIM at Mt Isa as well as Iron Ore, Uranium (inferred resource of 75mill pounds uranium oxide at Mt Isa and $1.5mill of drilling planned for sites south of Mt Isa), diamonds, an 11MT Phosphate deposit. Just an explorer for the moment with enough cash in the bank recent raising of $7mill @ 30c sees them cashed up for ongoing exploration, working capital and drilling at Mt Isa. Peaked at $0.49 and retraced on the back of market conditions and the issue. Could be a buying opportunity as they seem to have their finger in everything. Uranium drilling is scheduled and that's been the Midas touch for shares recently. My only concern is when will they look to make the transition from explorer to producer.

AZR
Today's Close: $0.255
Comments: Everything that there is to be said about this one can be found in its thread. BFS due this month.

PDN
Today's Close: $0.875
Comments: Has been hurt by market conditions and the jitters at RTM. Considerably further down the path compared to RTM and an announcement on the 6th of this month claims there relationship with the government in Namibia is cordial. BFS due out this month as well, should shed some light on a real value for PDN.

OPL
Today's Close: $0.575
Comments: If you like NEO, you have to like PDN. More established company with lots of drills coming this year, including its share of the shallow gas project with NEO in the US. Also has a share of the oil drills nearby (NEO doesn't) and an aggresive drilling schedule to boot. Wouldn't suprise me to do something similar to TAP with the flurry of drills it has to come.

RDM
Today's Close: $0.295
Comments: Not a lot of research done on this one yet beyond the fact they have highly prospective uranium tenants in South Australia that there Geologists claim was either the source of or the on the way to a currently mined Uranium reserve. Plenty of cash in the bank.

DLS
Today's Close: $0.086
Comments: Another junior oiler with a lot on the cards. Will post more on this one if a get a chance.
 
ARQ : WILL SET THE PACE with big production and cashflow in this weeks quarterly .

EXPLORATION : Dongara-33 is testing 10BCF reserve . Should have nice flow expected to be near 5mmcuftd if it is anything like Dongara-34 . These are all part of the Aranoo gasfield ~!

Next well will be the CORYBAS delineation well . It will be called Yardarino-6 . It is said unofficially that the Elegans gasfield area has reserves of several hundreds of BCF ; with 100BCF recoverable .

Following on will be the return to Jingermia oilfield , with Jingermia - 5 well ..... this is under 3D seismic , and should increase reserves significantly , not to mention increased production by 1000bopd+

It is expected that Rig #11 will then commence the main oil 3D seismic based program consisting of 6-12 wells .

Rig #16 will r /e Turantula-1st and this to should be very positive for ARQ gas production. We will have to see if this rig joins its brother rig in the oil campaign ?????

The above is based on my research and may be taken as a guide ONLY . DYOR , and buy ARQ to get rich quick...........

Hold significant ARQ shares .

EXR : AIMS listing start May05 ; capital raising for 5 to 8 wells : all large wells in the North Sea , starting with Marquis oilwell in a spud 1/7/05..

AZZ:???????????

far;????????????????????????
 
Worth watching PNA & LAF for next couple of months.

PNA is due for their first gold pour in May, LAF stated sometime Q2, so I'll be conservative and call it as June. Plenty of resource in LAF, on their cash costs for producing gold & copper & their planned production pa, looking at roughly US$20m & US$25m respectively, ignoring other metals
 
Mofra
I have been watching and also researching these two, don't hold, both have the ability to make us a few quid, please keep posting on them as I can't watch everything, share some sentiments with you here.
Brer
 
I too agree with MOFRA'S 2 hot stocks which wer'e posted 27th April. PNA & LAF I expect to be 2 goers. Both company's commence production in May/June. I have just been researching PNA Pan Aust Resources and their drilling results are very impressive. 280m of Copper @1.3% and 34m of that 280m resulted in 4.6%Copper. NoDebt!! Cash of 12.8m and what seems to be an impressive Gold/Copper deposit in Thailand/Laos.
 
MGX is at bargain levels and hopefully we have seen the worse part of this current correction!! I have held MGX for 8months now, so even at the current price I have 4 folded, but i cannot believe the amount of retracing it has done since this markets downturn. 40%downturn from 97 cents to 54cents!! For interests sake peruse @ BHP and RIO's charts and you soon realize how much MGX goes with the Big Boys!!
 
Happy to help brer,

Unfortunately PNA has their first gold pour delayed by three weeks so now occurring in June (there goes the monthly stock comp for me!) , and I still can't get anything on the production costs for silver or zonc for LAF, considering they will concentrate on just gold initially perhaps the final figures are unavailable.

Johnno I quite like MGX as well, holding MGXO but sold out of the stock. Not sure if the ST excitement from the exploration JV ann will be sustained for long, but MT & LT the full year results should still come in at just above 5 cps in profit (no tax due to carried forward losses) and given recent incrases in volume, growth should be sustainable over time.
 
Hey DoctorJ, I was particularly interested in your TYC comments. Currently I hold this stock and was wondering whether you still did?

By the way I also hold:

TPI
CMR
NXS
REA

but I hold significantly more funds in TYC. I reckon this takeover offer will see a better bid.
 
Don't still hold them. Haven't followed them closely, but my understanding is that they've been subject to an unsuccessful takeover attempt since then so much has changed. Remains an interesting company.
 
My hot stock was SLX but missed the trading halt and subsequent 40%plus rise in a day.

My medium to long term hot stock is BXP. Yes, I have mentioned it again.

Snake
 
chicken said:
My picks are...MAP...to double this year,ZFX...to reach my target of $4....BPC..to go to $1.50...and TLS which I bought for $4.72....to $7...as what the brokers say....on metals check www.kitcometals.com this was posted on another board but feel everyone who is invested in the minig industry..should know this webside :2twocents

wow if you bought TLS, u would have been screwed bad (by the brokers)!

MAP, and BPC not much movement since

ZFX wow not bad!
 
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