Wednesday, October 28, 2009


I've bragged about ABY (Aditya Copper) a few times,
and this week the RISK FACTOR has been highlighted.
After battling for 18mths with a huge global downturn and rising from 11 cents to 1.60 +, ABY has been falling and badly. Why? because "the external consultants didn't renew 8 of their mining leases..adjacent to their Niffty mine". What sort of management took their eye off the ball? The mining leases are essential to their mining business !
They say that the leases were not a main part of their business, however the market is spooked and sold.
The good thing about this situation, is that although the price may drop further - because of lost confidence- shareholders can can buy back in at a lower price.

BUT IT REMINDS US, that all business, and all human endeavour (and the sharemarket) is about RISK. You must anticipate potential risk and have a plan to deal with it. The US and Australian sharemarkets are down but some companies are rising.
LKO , PDY, JRV and TAM just to name a few good resource buys under 10 cents..

Remember we are not financial advisors..
Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:
AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.

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We are not financial advisors. We are asset management Risk consultants. We try to help you to make sense of the sharemarket minefield. You MUST take your own risks and make your own decisions. Therefore you must do your own research. Any comments shown are not those of the owners of Megamoneybox or subsidiary companies.