AFF Member Stock Discussion

Thanks for the comments

GRR operate a few facilities in my area and I see their vehicles about and know some employees (not well though) The local news reports on them so I hear about their wins and issues More than other listed companies without specifically looking for it. I purchased a small parcel a few months ago as a long term hold after reading what I could about them. I am bullish, the recent rally seems to be brought on by a project/potential project near Albany.

Tricky = risky ? probably but my exposure is small while I try to learn more.

The 2 ETF’s I picked up in Jan make up 80% of my new portfolio and are both up a lot (atm), the 4 other speculative stocks are all red but they are small holdings so overall I’m very happy with the capital growth in 6 months and preparing myself for when it swings the other way.….
 
With the frequent flyer point game pretty much suspended this share market game has been a replacement.
We had to buy some US dollars this week and that hurt.
Hopefully those GRR shares are going higher.
We bought TRR to make some English pounds out of the Trident Royalty Trust but travel is now not happening.
 
@Steady , FWIW, I reckon Grange is pretty sound wrt geology and ore reserves; good product and good life potential, even after 50 years!

On the other hand, I gt a bunch of R3D Resources courtesy of being spun out of a private investment fund that has reached its mandatory wind-up point. As is my custom, I sold 50% on re-listing and now hanging on for the drilling program. I thought I got out of the tiddlers ages ago!
 
Have just paid a deposit on an industrial building so we sold SYD and WEB. We have never been concerned about taking a profit to do something better.
 
We went for Rubicon Water which is doing a pre IPO raising using sophisticated investors today. That came thru Bell Potter.
 
cove said:
We went for Rubicon Water which is doing a pre IPO raising using sophisticated investors today. That came thru Bell Potter.
Click to expand...
Sometimes you refer to yourself, other times it's we. Who are you buying on behalf of, any of these investments your own wad?
 
We invest using various trusts and companies that we control @MooTime. Because we have been married since the early seventies we do discuss investing more than most folks.
Mrscove dislikes investments in many overseas spots. Myanmar ,Indonesia and China have proven troublesome.
Not travelling much with all the lockdowns has meant more time to invest.
Have been missing travel but it is too dangerous to go longhaul during this pandemic.
 
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VMS just away to start shipping Iron Ore from Tasmania, but it's the tin deposit i'm more interested in that will be funded by the ore, plus the JV with CHN on a Julimar copy deposit

Ore is currently mined and trucked to port and stored in sheds, the boat is not booked yet, not been an operational update in a while, so it's flying under the radar at the moment in my view

Regarding APT have a read of this - How London traders made twice as much on Afterpay
 
So this morning gold,silver, iron ore and $AUD are all down.
Will be busy next month when we settle an industrial property that needs to be renovated. Ten years of neglect meant we could get it for an attractive price.The rental yield should be around 10%.
Now we figured how to get about 4% on our cash using an expiring bank capital note but every time we try to buy someone overbids us. So far we have bought too few to matter.
 
If you like a good read look up Acorn Capital which is ACQ. They are early investors in newish businesses so instead of you taking a big chance this fund saves you from a full on risk. Last year was a good year for Acorn.
 
FromTheRail said:
VMS just away to start shipping Iron Ore from Tasmania, but it's the tin deposit i'm more interested in that will be funded by the ore, plus the JV with CHN on a Julimar copy deposit
Click to expand...

I hadn't looked at VMS before. The Mt Lindsay tin project has been around .. forever! Good to see its getting another run. Interesting that they have just re-stated an old (2004) JORC resources statement; with the increase in the tin price, the lower % cut-offs become more relevant, other things being equal.

Although the tin price is great ATM, its history is such I find it hard to get excited, esp a new project.
 
More on VMS. This appears on their web site for the Riley iron project:

1628422163536.png

Neither of these is a 'resource' or a 'reserve' "statement" IMHO. A '..... statement' is a detailed document setting forth assumptions and descriptions of the resource/reserve. And the "reserve statement" they present is actually the 'resource statement', repeated!

Very sloppy and arguably in breach of the Corporations Law, in several respects.

Even their June 2021 Quarterly contains a howler:
1628422562078.png

The 22 August 2019 announcement does not contain the howler.
 
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