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Strategies & Market Trends : Natural Resource Stocks

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To: Roebear who wrote (25061)	5/19/2005 11:20:22 PM
From: Michael Collings	Read Replies (1) of 108726

Thanks for the welcome Roebear. Yes KFX has many interesting details and I only highlighted a few. It is one of those stocks that is flying under the radar right now. Over 65% institutionally held. I'm thinking it could easily become the "Valero" of the coal industy. Utilities will save millions on retrofits and scrubbing facilities by just using this type of processed coal. There are tax credits they will receive for the emissions removal. Nor do they have competition in this process. All other clean coal technologies require utilities to add additional equipment and attack it at the flue gas level. It also has a large short position because there are many that do not believe it will work at a commercial level. But all the evidence is saying it will work. It's something you should check out yourself. Work through their web site. Make sure you also take a look at who is on the board of directors. These people are connected. What I don't understand is how this company can be flying under the radar with all the institutional involvement. State Street who invests for high net worth clients owns over a million shares. There are many others with big positions. This is probably a bit speculative until the plant is completed in August, so make sure you do the DD before buying it, but I'm sold on it. Are you also in gold Roebear? I'm afraid we are going to sit for awhile without much movement. I think it will start moving again in the Fall. The Repatriation bill allowing multinational corps to return foreign profits back to the US in 2005 and only pay a 5% tax is going to keep a floor under the dollar for most of the year. But it ends Jan 1 and gold should anticipate that by fall. It's been pretty boring holding on to gold stocks during this. I wish now I had sold and re-entered later.... but hindsight is always so darn clear. It's been estimated that as much as $500 billion will be repatriated this year. It must have been passed in anticipation of China floating the Yuan, but they sure don't want to do it. Washington looks like it's on a war path with all the China bashing in recent weeks. But the good news is that by fall, gold should finally make new highs (or at least I hope so!)

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