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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (40986)	1/9/2011 10:30:36 PM
From: Madharry	Read Replies (1) \| Respond to of 78744

for those of you who own ttt. looks like the distribution is in my fidelity account but not ameritrade or scottrade. looks like mfcaf holders also got the distribution. may be another month before portoflio balances are adjusted accordingly. paul i continue to be amazed that you can keep track of so many stocks. i now have a lot more than i had in the past and i find it very fatiguing to try to keep up. even worse just this weekend i am shifting through another 10 or so possible buys.

To: Paul Senior who wrote (40986)	1/11/2011 1:21:04 PM
From: DinoNavarre	1 Recommendation Read Replies (1) \| Respond to of 78744

Hello Paul Senior, mid November through mid December I read through the basic details/info on 39 ASX/AIM listed companies that mine for coking coal. I was searching for producing mid-tier mining companies with the majority of their sales coming from hard coking coal. I could not find what I wanted, so I broadened my search parameters, I decided to except companies that produce at least 50% coking coal, hard, soft, semi-soft or PCI. The other 50% of sales could come from thermal or iron ore. I did quite well last year with WTN.T, MCC.AX and did OK with ICO back in 08. I found that the majority of the mid-tier and smaller coking coal companies are still development stage companies, completing resources studies / raising money / building out delivery infrastructure and so forth. Most of them are looking at a year or more before getting their first shipment onboard the big boat! Many of them are looking at two or three years before first shipment. IMO many of those will be bought out/taken over. It seems difficult to put an accurate value on most of those companies. I backed away from some companies/stocks due to location of mines, mostly in South Africa & Mozambique. Last year I read many news articles about coal delivery infrastructure related problems, labor problems and political problems/delays, most of the problems were in South Africa. I followed the news closely as most of the time it caused supply disruptions. I started my search with these two links: asx.com.au (searched coking coal / found 111 mining companies) proactiveinvestors.com.au Floods or no floods........I like GNM.ASX and BTU.ASX and will continue to buy them. I think both these companies did a great job in acquiring brownfield coking coal assets + using newer modern mining techniques to upgrade & increase output & reserves + increase safety. From what I understand its very costly/time consuming to find/develop new quality coking coal deposits, worldwide. It appears that you already know about GNM.AX so I'll pass on a bit of info about BTU.AX.......in case you might want to take a look. New Zealand based (listed on ASX & in NZ), above ground mines, highest quality coking coal in the world, it is mainly used/blended with for other coking coals to improve them, good growth outlook, good delivery infrastructure. They have a good website with plenty of monthly information/updates. They are targeting first coking coal shipments starting this November. Some folks are already lining up to look at off take agreements. BATHURST RESOURCES LIMITED (BTU) asx.com.au bathurstresources.com Latest presentation: bathurstresources.com Broker report from Sep 23, 2010 (Fairly valued???) bathurstresources.com -------------------------------------------------------------- Two others that I will add to my watch list: UNV.AX -- UNIVERSAL COAL PLC, South Africa, Some very large thermal and coking coal assets, they say that they will use money from thermal coal sales to develop coking coal mines. IMO their coking coal exports at least two years away. KRL.AX -- KANGAROO RESOURCES LIMITED, Indonesia, large thermal & coking coal assets, both of lower grade/quality, they are wheeling and dealing......new 57% shareholder.... kangarooresources.com Who knows where it will go, but I will keep an eye on it. -------------------------------------------------------------- Takeover Targets (an Aussie friend of mine tells me this): NEC.AX NCR.AX -------------------------------------------------------------- I will check back on these three every month...... HUN.AX -- HUNNU COAL LIMITED, Mongolia, coking & thermal coal development. IDO.AX -- INDO MINES LIMITED, Pig Iron production & thermal coal........ indomines.com.au CPL.AX / CPT.T -- Developing very large thermal coal export project in Western Canada. coalspur.com --------------------------------------------------------------