Monday, April 30, 2012

Graphite Frenzy!

In the past there has been uranium and rare earths, today the latest craze is graphite stocks.  Diggers & Drillers has been a publication that has always been a bit of a market mover but last weeks edition has really captured the attention of the market.  I would never reproduce a copy of a research report for legal reasons however one of the stocks mentioned (Syrah Resources - SYR) has uploaded the report 'Welcome to the World of Strategic Mineral Investing' to their website and here is the link.  The report recommended Syrah Resources and included a table of other graphite stocks including:

Archer Exploration AXE
Castle Minerals CDT
Lincoln Minerals LML
Malagasy MGY
Strategic Energy SER
Talga Limited TLG

A quick scan of these stocks today shows that most were up about 20% and very strong.

I don't usually blow my own trumpet and don't necessarily think that I am by saying this, but it was really interesting to look back at a post that I made over one year ago referring to Graphite.  SER was trading at $0.10 pre ex entitlement to Tarcoola shares.  Funnily enough, I also posted about SYR at the start of February when it was at just over $0.40!

I'm not making any recommendations in this post but merely pointing those to the Diggers & Drillers report that haven't read it and reflecting on previous posts.