I'd hate to be the stickler amongst the herd but won't the resource be stranded if the Oakajee Port & Rail fails to move ahead?
Considering the uncertainty surrounding the above I?d only recommend PDY & AGU if you where speculating for the LONG term.
At this stage they are short term bets because nobody knows with any certainty that the port and rail will actually get built within the next few years. I think it will eventually get built but a delay of 5 to 10 years is not out of the question.
I recommend HC ?SHORT? term punters have a read of Bloomberg to gain a better perspective of what?s going on overseas or read some of the threads in the "Economics" forum on HC.
Don't get me wrong I like both stocks (have held in past and will hold again) but I think we're getting ahead of ourselves without considering the true fundamentals which is the extremely fragile condition of the global economy. Let?s not forget that supply is only part of the equation!
Consider the following statement:
"Only when the tide goes out do you discover who's been swimming naked." Warren Buffet
AGU Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Not Held
