Hi DJ, <<stretching their legs, drinking their last drop of morning coffee at 14:30PM, they all went and ordered big time>>
:0) Yes, and the year is shaping up nicely now, I am now raising my 6-8% target gain to 8-10%. Not dotcom year, but not too shabby considering all that has happened.
<<What's your take on new SA legislation?>>
My take: it is simply a better platform from which exploitation of the mineral resources can commence once again under political and legal protection.
The smoke will clear, business will return to normal, and my Angloplat, Implat and ZimPlat will rise again, to meet the plentitude of demand underwritten by mucho USD.
BTW, my Hub Power (Pakistani power plant traded in London) got executed, as in bought, at USD 9.75 and below. I am now looking forward to increased WAT-WOT dividend payout over the coming 12 months of say around 30-40% yield. It will be a race against Axis of Evil and the Matrix of Doom, as in dividend recovery vs. capital wipeout, by lack of effective law, poor regulatory environment or nuclear winter.
Between all my SAfrican aid-tainted gold shares, Zimbabwe theft-infested platinum script, China Sudan-linked oil plays, and WAT-WOT supported Hub Power, my portfolio is taking on a decidedly dodgy political coloration. I may just have to add a tranche of cancerous Philip Morris and a slug of daisy-cutting General Dynamics to complete the collage of doom;0)
Chugs, Jay |
