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Gold/Mining/Energy : The Oil & Gas Elephant Hunt
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To: Bread Upon The Water who wrote (185)12/12/2006 8:00:30 PM
From: LoneClone  Read Replies (1) of 310
 
Right now my elephant basket is still under construction so consists only of TMY, CNR, CAX.TO, ERHE.OB, and CDH.TO. CDH is currently a double, I'm up about 25% on TMY and about 20% on CNR, and down about 30% on CAX and ERHE, for a gain of about 15% overall, even though none of the elephants have yet come in all the way through the door.

I'm looking closely at CNS.V as my next candidate. DPTR is getting back to buy levels if it drops another few dollars.

And TGL.TO/TGA, of which I have accumulated a ton, has enough prospects on the go right now that it can probably be included in the group. They will be drilling at least a half dozen rank wildcats in the next year in Yemen and Egypt.

BTW, this approach is similar to what the major labels use in the recording industry and the big studios in the film industry. Over 90% of what they produce loses money, but the hits generate enough to pay for the losers and have enough left over to generate a profit.

LC
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