Hello Pezz, Today's Report:
<<See, not scary but fun and profitable>>
... Yes, I see, and am learning, buy and buy, gain by profit :0)
As the initial part of my global strategic asset allocation for calendar year 2004, I have dispatched three equal numbers of naval infantry Special Forces (since they must be kept as busy as possible while still not being put in situations of absolutely certain death) down-under, into the Great Outback's of Australia, where there is almost no water that is not infested by gobbling creatures, to take up advance scout positions at these companies at the indicated prices:
Alkane Exploration uk.finance.yahoo.com at AUD 0.495/shr alkane.com.au
Aztec Resources uk.finance.yahoo.com at AUD 0.08/shr aztecresources.com.au [EDIT: Maurice Alert: I thought of you when I was directed here, just before I started chanting and dancing to the Aztec drum beat ':0] ]
Record Investments uk.finance.yahoo.com at AUD 3.00/shr recordinv.com.au
… and commanded half as many troops to belly-crawl onto this position:
Millepede International uk.finance.yahoo.com at AUD 0.28-0.285/shr millepede.com
Even as I bought enough of each company to materially move the prices, I cannot tell you much about them, because I do not know much about their businesses or situations, but the Alkane and Aztec are obviously gold exploration wagers, whereas Millepede has some simple gizmo that is awing the world, and Record Investments will apparently take over the planet.
I like dreams, especially where anything is possible, and that is precisely the excitement:0)
I know you like micro-caps. How about nano-caps :0?
As I mentioned before, I am not in the habit of doing detailed DD during which I may get confused by facts or distracted by the important. I prefer to go by instinct and that special feeling in my mid-section, and so I rush in where fools have been before, before it is too late, pile on, but in measured paces, denominated by initial 'dollops', to be followed by progressive adds and maturing into full-position 'tranches', hoping that events will allow these mature position to develop into attention-focusing 'bouquets', and later, luck-willing, into mind-balance altering 'bushel baskets'.
To control risk, I rush money into all four, taking a private equity approach to public equity investments, and then contemplate my belly-button for awhile before adding more.
My brave money are joining their comrades already bivouacked at these two companies, and I hope they do as well or better than the Lumacom contingent or at least no worse then the Metal Storm brigade:
Lumacom (LUM.AX) uk.finance.yahoo.com
Subject 53628 has gained by 6-fold since I bought in, is my largest single holding, and now accounts for 3.56% of my expanded NAV (as reference, NEM accounts for 2.66% of my NAV) – there is nothing quite like nano-cap growth;
Metal Storm (MST.AX) finance.yahoo.com
metalstorm.com has moved up 41% today, after a steady-state holding period of, oh, Message 19140734 <<July 24th, 2003>> 35 days, thus indicating a gain of a bit more than 1% per day, or 490% annualized.
As in situations before, should you wish for more excitement than you already have, I welcome you to sign up with the Coalition of the Willing, make up some intelligence excuse, and dispatch some troops my way, so that you may claim any spoils that may make themselves apparent, or instead, have some experience of quagmire, unable to sleep at night and unable to stay awake during the day. Should a UN resolution be required for political cover, draft one and I will see what I can do :0)
Oh, yeah, before I sign off, I almost forgot, I sold my Hopewell Holdings hopewellholdings.com
finance.yahoo.com at HKD 8.90/shr
… and the free warrants finance.yahoo.com at 0.76/wt.
I captured proceeds of HKD 8.98/shr (including warrant attribution), and crystallized a return in excess of 56% over 135 days.
I figure I will own Hopewell Holdings again, before too long, but after return of SARS.
I love Hong Kong traded shares, because they bob up and down with such regularity, as if they are on a high-fiber diet or otherwise swallowed a length of hemp rope whole, then pulled through the other end, returning steady returns year-in and 12 months-out, without ever going to unsustainable valuation levels:0)
In case you cannot tell, I am having a good day:0)
Reference Hopewell Holdings gamble and wager:
Message 18836407 <<April 15th, 2003>> and Message 18760455 <<May 27th, 2003>> and got the free warrant here Message 19229349 <<August 21st, 2003>>
Chugs, Jay |
