At our November meeting we noted Liontown (LTR) is still bouncing around as the share take over/purchase saga continues. We could not overlook how Neville’s pick last month of Industrial Minerals (IND) has risen 97% so he wins the pick of the month. Whether it was good judgement or luck it was a great increase. Also mentioned - Elders share price remains low, possibly from problems of poor foresight and possible debits. They have concentrated on Queensland, upgrading stores and merchandise and leaving and closing their bread-and-butter stores/farmers in Victoria and New South Wales.
Reports for both Cooper Energy (COE) and Calix Limited (CLX) by some analysts are predicted to have a 100% share price increase over the next 12 months. Neither pay dividends and both are small cap shares.
Our long-term selections also lost 1% in value during October. Leading on this portfolio is Margaret W with selection of NXT in positive territory. Our Bendigo 11 sector Watch list is still 12% down on the February purchase prices.
After the break – Liontown (LTR) was reviewed as last meeting we predicted Gina Rinehart would upset the offer of $3.00 per share by American Co. Abermarle, which proved correct. Gina acquired 19% of LTR shares which gave her a seat on the board. Abermarle withdrew their bid which caused the LTR share price to fall from $3.00 to $1.60. Bell Potter came forward in with an underwriting to cover a $400m debt, so LTR can now complete their project with the input of Gina and her Hancock Resources.
Azure Minerals, AZS – up 45% since October 23rd and 1,200% for the year as SQM from Chile mounted a take-over offer. Gina Rinehart stepped in and purchased 19% of shares. Will SQM abandon their offer? Gina has displayed her faith in Lithium production.
The subject changed to world events and safe investments, taking into account the $250,000. Government guarantee on Bank investments.
We finished this section by viewing Westpac and the $7.2b profit and 70c dividend announced on the day.
Our Short-term selections also lost 1% for the month. Three members changed selections hoping for a turnaround in the next 4 weeks. Good Luck. Two shares; Wildcat Resources (WC8) and Deep Yellow Limited (DYL) have had gains of approx. 80% in the last 4 months.
Reports for both Cooper Energy (COE) and Calix Limited (CLX) by some analysts are predicted to have a 100% share price increase over the next 12 months. Neither pay dividends and both are small cap shares.
Our long-term selections also lost 1% in value during October. Leading on this portfolio is Margaret W with selection of NXT in positive territory. Our Bendigo 11 sector Watch list is still 12% down on the February purchase prices.
After the break – Liontown (LTR) was reviewed as last meeting we predicted Gina Rinehart would upset the offer of $3.00 per share by American Co. Abermarle, which proved correct. Gina acquired 19% of LTR shares which gave her a seat on the board. Abermarle withdrew their bid which caused the LTR share price to fall from $3.00 to $1.60. Bell Potter came forward in with an underwriting to cover a $400m debt, so LTR can now complete their project with the input of Gina and her Hancock Resources.
Azure Minerals, AZS – up 45% since October 23rd and 1,200% for the year as SQM from Chile mounted a take-over offer. Gina Rinehart stepped in and purchased 19% of shares. Will SQM abandon their offer? Gina has displayed her faith in Lithium production.
The subject changed to world events and safe investments, taking into account the $250,000. Government guarantee on Bank investments.
We finished this section by viewing Westpac and the $7.2b profit and 70c dividend announced on the day.
Our Short-term selections also lost 1% for the month. Three members changed selections hoping for a turnaround in the next 4 weeks. Good Luck. Two shares; Wildcat Resources (WC8) and Deep Yellow Limited (DYL) have had gains of approx. 80% in the last 4 months.
The next and final meeting of Investment for 2023 will be on Monday 4th December at 2.00pm in our U3A Classroom 1.
John Hanlon and Malcolm Sanders
John Hanlon and Malcolm Sanders
