UK Stockmarket 2009 and beyond

cloud_dog

sabretoothtigger wrote: »

Is nickel important for much, I cant say I know anything about it. I noticed one of the funds I invested in recently is short of zinc, again Im not sure why. Maybe I could look at the charts later for an explanation.

Do you guys consider the underlying market much or just the company prospects

Nickel's primary role is in steel production and steel producers have been turning up their furnaces recently (hense the recent bullishness of stocks in that area and my comments on metallurgical coal re WTN & CZA). The price of nickel has rebounded strongly in the last 3 to 6 months and it is forecasted to be a shortfall of approx 10k tonnes this year (not sure what 10k relates to as a whole).

To answer the second part of your question... Yes, I lookout for commodities which are likely to be in demand either because of supply or delivery constraints.

With regard to TMC specifically, it has a vast resouce base (although they have only proven up a small percentage to JORC standards) and they were (are) grossly undervalued and I the price target mentioed by bobbyj should be easily achievable.

There is seperation though. I think TMC will increase in value but the medium term outlook for nickel is probably lower prices due to an increase in the number of nickel mines comming back onstream.

sabretoothtigger wrote: »

Took up Sarasin agrisar and investec resources . Investec has the idea of shorting crude and going long the major oil producers which seems reasonable as their reserves are likely undervalued

I hold Sarasin and CF Eclectica funds and agriculture, from crops through fertiliser, through to equipment is going to be the place to be (wow now I've done it). Even though potash is an abundant resource on the planet there is already fears of growing concerns around longer-term constraints in the supply market.

I keep monitoring SKR as a possible investment.

nessjw

Hi, l hope your right bobbyj ...brought into TMC last week, could only buy 500 shares at a time...though my prob if it goes t*ts up!:)....saying that my lloy shares are racing away......not sure if thats going to be halted soon...any thoughts on that apprieciated..Glad to see ACTA getting a push start.... even though l'm new to shares and have to take the lows...and highs when and if it happens...l cant stop loving this game..for now...after my fit of starters nerves!!

cloud_dog

nessjw, just remember....... everything is easy when the markets are going up :cool:

nessjw

I know what your saying, and did take it on board from the last help you gave.....l have given myself a gentle pat on the back, for having more blues at the mo...when lam new to the game...saying that..l wont be crying in my crunchy nut cornflakes if l see red ....will say this board has been a great help..so thankyou all:beer:

cloud_dog

I don't want to turn this thread in to a commodities / PM related thread as I very much value the contributions / analysis on Forex, indexes, and other shares but.....

Interesting to read others peoples thoughts on what China really wants (not gold but base resources), and how some people still see gold stocks as very undervalued. Also how the emerging economies are cherry picking developed nations stocks.

bobbyj_2

re TMC, the mere fact RICK RULE bought in several weeks ago as he's probably the finest mining investor to have walked the planet speaks volumes. Also they are gaining JORC which basically gives their resource credibility so to speak. The shares can be very volatile so if you are of a nervous disposition don't go near. Personally I think they should be an awesome recovery story from here. A few very shrewd players have joined the share registar this last year. My target is multiples of the current price but I think a takeover will materialise before it gets to the kind of price I want. An announcement on the resumption of mining seems due which could well see some action.

nessjw

Thats great upbeat news..thanku...will admit....l was nervous to start with in this business...but u get nowhere in life if u dont take a chance..I watched TMC take a fall...then a rise..thats the game and l have got to grips with it..
I may not talk 'shop' on this site....though our goals are the same ...wether we go down or up..thats life..even without
shares

cloud_dog

bobbyj wrote: »

re TMC, the mere fact RICK RULE bought in several weeks ago as he's probably the finest mining investor to have walked the planet speaks volumes.

He (the family) are very well respcted long term investors via their Global Resource Investments Ltd.

bobbyj wrote: »

Also they are gaining JORC which basically gives their resource credibility so to speak.

TMC does have a JORC compliant resource but it only covers 288 hectares which if memory serves is probably only about 5% of their licence area. Minesite.com is very useful for providing info and company specific summay sheet.

bobbyj_2

well TMC off to a flyer but nothing much else moving for me.

tradetime

US$ commencing its breakout to target the 83.3 - 84 area. Will be interesting to see how US indices react to this.