well, i've been yesterday @ a resource conference in the best hotel bayerischer hof in munich, where 5 explorer companies + 1 trading company + the local stock exchange presented their stories to investors + general public + ... few of the companies and many of the guests have there been last year also and i could remember few of them ... i think it's nice to see some of the 'old' faces again, isn't it?
do u think there was much volume in their stocks today morning on the german stock exchanges? not reallly, few of them didn't trade at all! well, the earthlings are much more interested in free lunch (oooops, that was dinner time) + free beer + free coffee than to do some thinking for themselves ... not me! well, i just thought if that canadian companies have soooooo much money they could afford 2 invite the folks to the best place in town, they will prolly have some potential to upgrade their business anyway :). pls DO NOT TELL ME that the only reason they have 2 advertise like that is 'cos their projects are so sh*ty and they need sooooooooo much money 2 bring them into production and so on and on and on and on ...
i didn't know 2 of these 5 companies and i liked the story of the near-term cobalt producer formation capital corp. ... in winter 2009 renamed to formation metals (mines & major properties located in idaho / usa). well, even if i have invested last big portion of my idle money in july and early august as i've waited 4 the gold rally 2 come in august and was not at all dissapointed when it came in september instead, so i've opened just a small initial position in formation capital today. let's watch the company developments and maybe there will be a point in the future where i will have both, money 2 invest and faith in their operations 2 increase my stake . you know what? 3 of my portfolio companies sterling, sns, minco still fight in various legal issues on the sunshine silver mine / idaho. watch out, formation posses the Sunshine Precious Metals Refinery. crazy, isn't it?
what's the price of cobalt? i've no clue about that as there are mainly long term contracts between producers & consumers out there, BUT NEXT SPRING should cobalt become traded @ LME !!! it should bring much more public attention to that $6 billion market, isn't it?
what is cobalt used for? if i remember that correctly, it's for batteries, batteries and batteries, i think . hell, that formation guy was right! he told that todays so famous lithium-ion batteries contain more cobalt (approx. 60%) than anything else! wikipedia also confirms that from investment perspective so important fact "... Lithium cobalt oxide (LiCoO2) is widely used in Lithium ion battery electrodes. Nickel-cadmium (NiCd) and nickel metal hydride (NiMH) batteries also contain significant amounts of cobalt. ... " still wanna know more about cobalt? ok, pls move 2 wikipedia 2 learn.
what about gold? few days ago i've also increased my stake in panama's emerging gold producer petaquilla minerals (see comment #6), which is one of very few companies in my portfolio they didn't decrease sharply as the gold price corrected a little this week, which draw down my struggling portfolio from its recently reached break-even-point by approx. -5%
hmmmm, i just thought if i'm really such an easy to impact dreamer or the like, so i just checked my results achieved with stocks of this kind of tip / information. folks, it is really unbelievable, but for some strange reason or an other that companies belong 2 my best performers! well, they didn't go up straight away after i've bought them and they've also been hit sooooo hard in that damned crashy october 2008 (pls, pls, pls, never come back!), but i've watched their developments and in few of them even increased my stakes between december 2008 and february 2009 aaaaaand => HERE WE GO:
- western potash +99,29%
- commerce resources +206,07% ... ohhh, in yesterday's so weak stock market additional +11,67%. damn, what's going up out there :o)
- zimtu capital +161,94%
- western geopower +43,88%
- megastar development +41,67%
- adamus res. +45,12%
- dundee precious metals +57,39%
- formation capital -5,13%
- burcon nutrascience +5,15%
- Aquila Resources +54.17%
- Genco Resources +21.65%
- Magma Energy +11.11%
- Rochester Resources -11.36%
- Source Exploration +15.91%
- Sterling Mining -10.00%