Just listened to the "Your money Your call" podcast from last night:
Here it is: Your Money Your Call Wednesday night
Graham from the sunshine coast.
Smart Caller with good question about a great stock:
"Hi guys how you going? Just a small mining services group called Allmine group, going by their forecast they are on a PE of about 3 times their forecast earnings so has anyone heard of that one or got any thoughts on that one?"
Expert 1: "Thanks Graham, I have a feeling that Allmine is a small gold stock that Perseus I think might own 10% or 20% of, just from memory I had a discussion about this with someone a bit earlier in the week, so I don't have much more than that. Except I think there is two or three major shareholders in there that make up a good chunk of the register, so they're going to have access to cash and when you got a few of those behind you I like that for a small spec..... Simon small gold stock?"
Expert two (Simon): "Not the biggest fan of gold simply because if you look at a chart of it that things gone through the roof, it looks bubbly. Eventually that will reverse who knows when but I don't think its a safe place to be. It's been quite interesting to see alot of the gold stocks over the last say three to six months haven't really been moving with the gold price so I not sure this sector is going to give you the best bang for your dollar"
Graham was cut off after the question so wasn't able to pull them up. Check the podcast.
Yadda Yadda Yadda ... Thanks alot guys thanks for the advice!!!!!!
Graham if your on here hang in there mate AZG (a mining services company!!! not a gold specky!!!) has great potential.
AZG Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held