I got this from Cooper Capital today, my friend, Ben Cooper is the owner of the company, he is very knowledged about resources sector, I enjoy reading it.

In view of recent market events - the following is a summary and update of our HotCooper Watch list as it stands as we approach the close of the financial year.

 

The July issue of HotCooper newsletter will be forwarded to you on the 15th of July and will feature an article on Gulf Resources Ltd (ASX Code GLF), which has a Coal to liquid project in Vietnam, about to enter Prefeasibility.

 

AOK      -  Austex (oil) – was doing well a week or so ago when gaining momentum above 30c – chart has now fallen away due to low volume tax loss selling (remember the float was 50c) HC still says BUY/HOLD and anticipate news on flow rates to push it through 30c level – it will be AOK. HC long at 26c / BUY 

 

AON      - Apollo (Iron ore) – the stock is lifting off because it is cum the entitlement to the loyalty option. So expect continued strength for a few more days. I am not tempted to buy more though – as the stock should drop ex the option. I would assume a HOLD or take profit in strength if you don’t want to hang around. Very real Iron Ore chance in 2008. HC long at 35c  HOLD gutterballs dvdrip download

 

CGG      - Citadel(Copper/Gold) – world class asset and big institutional interest. Rumors are not the only thing pushing this. It is fundamentally driven. HC long at 34c. /BUY

 

ERH – Eromanga Hydrocarbons HC long at 47c in the placement waiting for news on next well. BUY

 

EQX – about to be suspended and change name to Equatorial Coal -will be in production in September 2008. HC long at 28c / BUY

 

EDE – Eden Energy - we took the recent placement at 32c when the stock was 44c bid. At the time it seemed like a really juicy apple plucked from a tall strong tree. However after having been delivered the stock when 30c bid it feels like I have been sold a rotten apple from a very pretty girl. HC Long and wrong at 32c Sell and buy GLF.

 

FML      - Focus Minerals (Gold/Nickel) – 2 projects one focus  - Australia newest Gold producer (been in production for 1 month) – and Nickel project with extremely high grade – HC suggests a current BUY now at .045c

 

GNI – Global Nickel (Gold/Nickel) – Don’t sell even if though it has disappointed so far. Yes it has become a Benny Dreadful – due to the OPES Prime fallout - but it WILL turn around. HC long at 20c / BUY under 12cents

 

GLF – Gulf Resources (Coal)  - GLF placement at 20c and the GLFOA options is now done and is a good entry. GLF has signed and announced the Coal to Liquid JV in Vietnam and the next move is to sign the Engineering contract. Meetings in Sydney are planned for next week – with Hatch Engineering and the Vietnamese JV partner. GLF will then move to Pre-feasibility on its 350B tonne Coal project within the next few weeks – and I am confident that it will soon start grabbing attention away from rival Linc Energy in the Australian Market. In many respects GLF is far more advanced than LNC ( I am happy to explain in detail) . HC long at 20c / BUY divx dark reel

 

POS – HC long at 90c  - and wooshka - news is out and at $1.29 time to take part profits - SELL some

 

PYM –HC long at 27c / HOLD for :”Promesa Oil” spin out soon

 

PRW – HC long and wrong at 20c but still a believer BUY/HOLD

Benjamin H. Cooper

Investment Manager

 

Cooper Capital

AFSL - 221938

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GPO BOX R1936

Royal Exchange

NSW 1225

 

Phone: 02 8247 5333

Fax:     02 9247 7722

Mobile: 0425 3111 21

email : coopercapital@bigpond.com

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