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

To: Spekulatius who wrote (48525)	6/30/2012 3:01:44 PM
From: E_K_S	Read Replies (1) \| Respond to of 78702

ANGLO AM PLC ADR (Other OTC: AAUKY) VALE S.A. American Depositary (NYSE: VALE) BHP Billiton Limited Common Sto (NYSE: BHP) Richmont Mines, Inc. Common Sto (AMEX: RIC) COPPER MTN MNG CORP (Other OTC: CPPMF) AURCANA CORP (Other OTC: AUNFF) My recent sell on AUUKY shares was a portfolio diversification move more than a value sell. This is still ranked No. 7 in my portfolio of over 80 positions. My cost basis on my other shares is around $5.50/share. BHP is a no 2 holding even w/ some sells last year. I did buy some VALE w/ some of the BHP proceeds last year that is underwater but I moved a lot of the proceeds into cash. I still believe commodities and natural resource stocks will continue to fall in price as the $US gets stronger. There are however, some very compelling value buys (IMO) in some of the jr. miner stocks. I started tracking positions in RIC,CPPMF and AUNFF during the past week/month/quarter. I plan to build these position up over then next 6-18 months if prices move lower. CPPMF ( goo.gl ) has a compelling story and 2012 production numbers should come in high. As this company grows and meets their production targets,one could make an argument that it should be a $9.00 stock (not $3.50). My portfolio is still heavy in both oil and natural resources even though I have lightened up. I want to diversify those holding more into Canada than South Africa so that is why I peeled off about 15% of my AAUKY shares. I believe many of the small cap miners that are profitable now could more than triple in value in the next commodity up cycle. However, I still believe it is very early and it may be awhile (perhaps years) before we see these prices moving higher. We have yet to see the bottom, maybe 30% lower. If I am wrong, I will still own some very cheap and profitable jr. miners. EKS