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

To: E_K_S who wrote (48526)	8/22/2012 12:01:38 PM
From: E_K_S	Respond to of 78720

Aurcana Corporation (Other OTC: AUNFF) - Doubled up previous position Copper Mountain Mining Corporation (Other OTC: CPPMF) - increase position by 60% w/ this add Excel Trust, Inc. (NYSE: EXL) - Started a tracking position in IRA Increased positions in these two specialty Canadian mining stocks; AUNFF and CPPMF. AUNFF is a silver producer that still is building out their Shafter mine (not producing yet)and reported some minor delays in getting the facility online (water leakage). To me, that's a buying opportunity as sellers give up on the stock. 2013 estimated production is large especially if/when the Shafter mine adds to the pot. Their cost of production is around 1/3 of the current market price. CPPMF is a similar mine that produces copper. They have yet to get their mine into full production. Stock has been selling off due to low expectations for future copper demand (especially from CHINA) resulting in lower copper prices. These things are cyclical, so as long as their cost of production is lower that the market price, the mine will be profitable. Once the cycle turns (they always do), both these stocks could be multi baggers when future productions comes on line. EXL has exposure to Southern CA real estate (ie mini malls) and has a low debt profile (for an REIT). Insiders have been buying the common shares so I decided to nibble at some of their common too for the IRA. In June 2012, I started a position in their preferred EXLpB. It sells at a 5.5% premium to par (@ $25). My cost is 2.5% above Par $25.60/share so rather than adding more to the preferred, I thought a few common shares (w/ a yield of 5.6%) my be the better value buy. EKS