...or just comment on it.
Just for clarity and to accord with the site's terms of use - this is NOT a request for specific investment advice, I'm just opening up for comments in order to bounce ideas around.
I started buying shares in December and consider myself very much a novice. I'm curious for any and all comments on my general buying pattern so far. I've bought an equal amount of shares ( in money terms ) of each of the following :
Altona Resources
Avocet Mining
Caledon Resources Plc
Centamin Egypt
Falkland Oil & Gas
London Mining
Medusa Mining Ld
Petra Diamonds
Prosperity Minerals Hldgs
Petropavlovsk
Sterling Energy
Salamander Energy Plc
Xcite Energy
and some in Aberdeen Investments Emerging Markets Fund.
Obviously the thing that leaps out is that all the companies are in manufacturing, specifically mineral mining, exploration and drilling.
I'm a gold bug and chose the 4 mining stocks which came most consistently highly rated, all the prospects seemed positive, with sensible management, and with at least 50% growth potential in share price value ( over varying timeframes ). The same growth potential is the least I'm hoping for in all of these.
The oil explorers are all fairly high risk of course - I just tried to pick those which have the greatest chance of hitting the black stuff this year. I figure one good result out of the four will at least cover me and was happy to take some risks to make a possible big jump. And I'll learn more about that game along the way.
London Mining just seems an all-round excellent, undervalued company.
Caledon just seems to be in a right place, right time situation and, if the macro picture doesn't change seismically over the next year or so, Altona looks to be in a similar situation with far less of its potential priced in yet.
Petra I'm not sure why I picked apart from a series of strong recommendations - I think maybe I was dazzled by the Cullinan stone. But I'm going to give it a chance to rise and see how it finishes the year. PMHL likewise - perhaps dazzled by price targets from brokers and…
