Gavin Wendt, MineLife


Ironbark Zinc (IBG)

An emerging world-class zinc play, coinciding with a zinc supply shortage that’s been looming for the best part of a decade. Decades of under investment in the zinc industry have provided a window of opportunity for Ironbark with its Citronen project in Greenland.

Orinoco Gold (OGX)

Set for first gold production in late 2015. The lack of a JORC-compliant resource due to the high nuggety nature of the mineralisation might deter some investors until grade is established and steady state production is achieved. But, in our view, this presents a real buying opportunity. The rewards considerably outweigh the risks and we believe a re-rating will occur ahead of the production milestone.


Gold Road Resources  (GOR)

A good example as to why persistence and patience are vital in regards to quality emerging resource companies in a tough market environment. In the past two years, its share price has firmed from a low of 5 cents to a recent high of 47.5 cents. The company is well on track to identifying a multi million ounce gold province at Yamarna, enhancing its production and corporate appeal. The shares finished at 44.5 cents on May 27.

Rumble Resources  (RTR)

A strong sharemarket performer in the past six months on the back of encouraging exploration results from two of its key Fraser Range projects in WA. The focus has now switched to its Zanthus project, located just 20 kilometres east of Sirius’ large high grade Nova-Bollinger nickel/copper deposits, where drilling is testing five electromagnetic conductors.


Potash West NL (PWN)

There’s growing appreciation of this company’s increasingly diverse potash project portfolio. PWN has agreed to sell its 55 per cent owned South Harz potash project in Germany to ASX-listed Petratherm. PWN is aiming to generate similar interest and share price appreciation enjoyed by ASX-listed Spanish potash play Highfield Resources. We will look to re-enter Potash West in the near future, but for now we’re happy to take profits on our investment.

Carbine Tungsten (CNQ)

Continues to take important steps as it moves towards commercial tungsten production at its Mt Carbine project in northern Queensland. The most important step was recently securing a $US15 million loan from project partner Mitsubishi to help fund development. Given the company’s solid price performance, some investors may well look to lock in some profits.


Matthew Felsman, Shaw Stockbroking


QBE Insurance Group (QBE)

A big focus moving forward will be on stocks with higher US dollar/lower Aussie dollar exposure and beneficiaries of higher US interest rates. The perfect play for this is QBE. Generating earnings in US dollars and a good chunk of profit from a conservative investment (cash) portfolio means any increase in US interest rates will help considerably increase portfolio earnings.

Webster (WBA)

We like Webster, Australia’s largest walnut producer. WBA has made a bid for Tandou (TAN), which has one of the largest water rights portfolios in Australia. A successful merger would be an agribusiness game changer and would triple Webster’s market capitalisation. However, a potential opportunity exists before the merge. Buying Tandou creates a trade arbitrage and discounted entry to Webster, providing the merger goes through.


AMP Capital China Growth Fund (AGF)

The Chinese Shenzhen Composite Index has rallied more than 100 per cent this year, easily making it the world’s top performing stockmarket. AGF was a $1.10 when I recommended it as a buy to thebull readers on January 19. The shares closed at $1.84 on May 27. Asian indices are still bullish. Stay long in Hong Kong.

Macquarie Group (MQG)

MQG was trading at $57 levels when I recommended it to thebull readers on December 15, 2014. It’s still a massive beneficiary of the investment environment moving forward. Earns revenue in US dollars so benefits a lower Aussie dollar. It was recently trading on a 5 per cent dividend yield. The shares closed at $80.15 on May 27.


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Elders (ELD)

The agribusiness returned to profit as its turnaround strategy gained traction. It’s up about 20 per cent since I recently recommended it as a buy. One could argue a longer term investment case. But more nimble clients can comfortably lock this in and continue to utilise funds within the growing agribusiness sector.

Wesfarmers (WES)

A business trading at a premium and I expect little earnings growth to be generated in the increasingly competitive retail sector. A long term holding for most investors, but I recommend selling and taking advantage of better growth opportunities elsewhere.


Simon Herrmann,


Rumble Resources (RTR)

Base metals drilling is scheduled to start in coming weeks following a successful $1.6 million placement in April. In our opinion, recent engagements with Nathan Tinkler and EAS Advisors LLC enhances the company’s access to capital markets. Based on the current market value of its Fraser Range assets, our valuation is 15.5 cents a share. The shares closed at 7.5 cents on May 27.

Teranga Gold (TGZ)

Free cash flow has risen for the past two consecutive years amid a weakening gold price. We’re attracted to its recent operating performance, financial position and organic growth potential over the medium term. With the company well placed to benefit from any cyclical recovery in the gold market, we initiate coverage with a speculative buy recommendation.


Commonwealth Bank (CBA)

Even though the recent pullback was significant, CBA managed to find technical support at the lower end of its ascending channel. We’re still attracted to its dividend yield. While interest rates remain at record lows, institutional and retail investors will continue to seek high yielding income stocks. Ongoing risks for Australian banks include higher capital requirements, potential housing market downside and left field economic shocks.

Spring FG (SFL)

We retain our hold advice for Spring Financial Group. We expect management to continue focusing on acquisitions that provide further growth opportunities. Furthermore, we’re attracted to the company’s organic growth record and strong balance sheet.



Formerly known as Leighton Holdings. Given the stock has rallied about 30 per cent since reaching a low in mid September 2014, we believe it’s at an appropriate level to lock in some profits on this position. The shares were trading at $23.88 on May 28.

Lend Lease Group (LLC)

While LLC’s long term outlook remains generally positive, technical momentum indicators are slightly bearish. This property and infrastructure group has underperformed the broader S&P/ASX200 this year. LLC has broken its long term uptrend. There’s suggestions that a short term bearish channel is emerging and this could result in a sell-off if market sentiment changes.

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