Got a chance to put two stocks into the portfolio in the Resource / Mining sector today.
The first stock is Neometals Ltd (NMT) which is in the resource sector with Lithium exposure. This commodity has been getting a fair amount of attention and media coverage due to Lithium Ion batteries used in so many devices such as mobile phones and power tools and with the latest demand coming from electric vehicles. NMT also has diversification with Titanium exposure according to it's reports.
With a fair bit of media coverage about the East Coast gas supply shortages and Liquified Natural Gas (LNG) getting a bit of attention of late, I've been on the lookout for companies with exposure to this sector. Today I came across Liquified Natural FPO (LNG) which has gapped up on big volume last Wednesday 5th of July. So just wanted to find out if there was a story to this. It happens to be due to securing funding of $1.5 billion for it's Magnolia LNG project, so added to portfolio.
