Black Gold

[barry_1]

I shall be adding this share to my top 40 watchlist next month.I do not own ths share yet ,but certainly intend buying as soon as funds become available.I hold no other mining shares in this wretched mining market except WSL as a spec....To see my reason see Alert on sashares2010.blogspot.com

[#2]

Barry, it is not like you to be buying under-performing stocks? Iron Ore still seems to be the way to go at the moment. KIO and BIL the strongest in the mining sector right now

[Russ]

Agree with Skaaptjop. If it bounces close to 14700 it is probably worth shorting.

[barry_1]

Remember my Top 40 watchlist is for shares to be held over a longer period such a number of years....the seasonal lists are for shorter term....i would still of course look at the charts to decide when it is the optimal buying period....As for the share its main source of revenue comes from coal,i.e. 58% coal,30%mineral sands.The iron ore aquisition is interesting for it is likely to bring in more in a couple of years time....There is a surplus of export quality coal at the moment,but still room to supply the lower grades to Escom.

[#5]

Interesting to note that agl actually bounced more today than bil. Maybe another to add, although all and sundry are shorting it

[#6]

Interesting to note that agl actually bounced more today than bil. Maybe another to add, although all and sundry are shorting it