No. of Recommendations: 1
My "safe" pick is a $1B company that mines REEs - Lynas Corporation LYC.AX. It is only safe if you are willing to suffer several years of low share price should their state of the art processing facility be forced to be moved from Malaysia due to political issues. EVENTUALLY it will produce something that everyone wants and will have a share price above where it is now. On the other hand, if Lynas successfully starts producing by at least mid-2013 we should see the current share price triple at least.

My risky bet was going to be Rubicon, but they could be facing legal issues with Native Peoples in Canada, and that could delay or destroy them. So I will go with another company in a legal battle - Alliance Resources AGS.AX. They have a 25% interest in a potentially huge uranium asset in Australia which is moving to production despite the battle with their joint venture partner. If they win the legal battle they could regain full control and ownership, and if they lose they will still have 25%. With full resolution of the legal battle, a 25% ownership should still have the shareprice rise to more than double where it is now.

Smufty - I own both
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.