jonathan76
13-06-2008, 12:11 AM
Hi First of all, I am new to this stock market.
I'm also not a chart person and I invest by demographics and trend and set myself a theme base on the demographics and industry trend.
For example, knowing when china is booming since 2000 and one day the people will get rich, they will demand more oil and gas as they can buy cars, I've kept a portfolio of oil and gas since 2001 as I believed crude oil will break $100 a barrel one day. I've only recently found out on news there's a guy that share the same investment strategy like myself. He's Phil Mathew, the top fund manager in the world with his Mathews Capital Partners fund.
We've similar portfolio or so call trend or theme over oil and gas. Another big difference of us is that he invested. I didn't. So he's rich and I'm poor :)
Having said that, recently I identified another trend and I don't have figures to back it up as I don't keep track of data as you guys are.
The trend is that gold price will soar not because of just investor buying gold when inflation goes up, but mainly because gold crazy customers in india and china. the love and demand for high grade gold in india dated back centuries. If few hundred millions of the world population can afford to buy gold cheaply years back. I believed the gold market will explore if billions of both india and china population demand gold. Not just gold, but high grade gold. This brings me to identify RSN or Renison Consolidated Mines
The facts I think about RSN and this gold thing and why I will buy its stock are below
1) its cheap 4 cents
2) it has high grade gold
3) its located in queensland which is close to transportation facilities to ship to india and china
4) it also has coal and coking coal as a bonus
5) it keeps asking for capital raising to complete exploration but each time it get it. this also means its debt is high and therefore stock is cheap as not many people dare to invest
6) it has ANZ as shareholders and surprisingly, Phil Mathew whom I mentioned someone who share the same investment strategy as me, just bought 10% of its shares last month
7) gold price breaks $1000 just few months ago and now its $800+
8) another surprise, like Phil Mathew, I like to buy first if I feel the stock has huge potential and undervalue and investigate and do more research later. So here I am, just sharing my thoughts.
9) last week I came across an interview of Phil Mathew somewhere on news and he accidentally mentioned that he's looking at gold stock too but fall short when asked which company he's buying. bingo, its RSN.
any thoughts? I am more than happy for any critique as like I said, I invest with facts and identify trend and invest with a theme.
regards
Jonathan
I'm also not a chart person and I invest by demographics and trend and set myself a theme base on the demographics and industry trend.
For example, knowing when china is booming since 2000 and one day the people will get rich, they will demand more oil and gas as they can buy cars, I've kept a portfolio of oil and gas since 2001 as I believed crude oil will break $100 a barrel one day. I've only recently found out on news there's a guy that share the same investment strategy like myself. He's Phil Mathew, the top fund manager in the world with his Mathews Capital Partners fund.
We've similar portfolio or so call trend or theme over oil and gas. Another big difference of us is that he invested. I didn't. So he's rich and I'm poor :)
Having said that, recently I identified another trend and I don't have figures to back it up as I don't keep track of data as you guys are.
The trend is that gold price will soar not because of just investor buying gold when inflation goes up, but mainly because gold crazy customers in india and china. the love and demand for high grade gold in india dated back centuries. If few hundred millions of the world population can afford to buy gold cheaply years back. I believed the gold market will explore if billions of both india and china population demand gold. Not just gold, but high grade gold. This brings me to identify RSN or Renison Consolidated Mines
The facts I think about RSN and this gold thing and why I will buy its stock are below
1) its cheap 4 cents
2) it has high grade gold
3) its located in queensland which is close to transportation facilities to ship to india and china
4) it also has coal and coking coal as a bonus
5) it keeps asking for capital raising to complete exploration but each time it get it. this also means its debt is high and therefore stock is cheap as not many people dare to invest
6) it has ANZ as shareholders and surprisingly, Phil Mathew whom I mentioned someone who share the same investment strategy as me, just bought 10% of its shares last month
7) gold price breaks $1000 just few months ago and now its $800+
8) another surprise, like Phil Mathew, I like to buy first if I feel the stock has huge potential and undervalue and investigate and do more research later. So here I am, just sharing my thoughts.
9) last week I came across an interview of Phil Mathew somewhere on news and he accidentally mentioned that he's looking at gold stock too but fall short when asked which company he's buying. bingo, its RSN.
any thoughts? I am more than happy for any critique as like I said, I invest with facts and identify trend and invest with a theme.
regards
Jonathan