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> Perth Based Mining Company Investments
Ben
post Jul 23 2008, 10:53 PM
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8 months ago I invested every penny I had in FMG shares and sold the day after Rio Tinto announced a 90% increase in the price of iron ore. I tripled my investment. I just wish I had more pennies to invest in the first place. Capitalism is great if you've got capital in the first place. I reinvested in more Bran Drill shares in the hope that news of record levels of new exploration tenement granting in Western Australia would lead to drilling contractors like Bran Drill getting more work but unfortunately the global financial crisis has slashed their value too. I also invested in Mount Gibson Mining in the hope that planned port infrastructure at Geraldton will lead to greater efficiencies for Mt Gibson Mining to ship its iron ore. Not all my investments have been good. I bought Metex while living in Laverton. The idea of vanadium mining was good. I just didn't think that the business politics of eminent English directors would let the project run down.

Copied from the Perth Mining Forum

For a list of Perth Stockbrokers go to www.stockbrokerperth.com


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Ben, Skype "Perth-", Western Australia
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