Welcome to ASX Stag Party!

Wondering what the hell I am talking about?
ASX Stag Party is a website dedicated to reviewing and recommending new stocks as they list on the Australian Stock Exchange (ASX). A great many of these stocks are lemons, so a great deal of critical thinking will be applied to find the cherries.

Why stag party? Well stag profits refers to the profits that you can make on new listings, often referred to as Initial Public Offerings or simply as 'IPOs'. Party refers to the celebrations that you will be invited to if you have shares in one of our winning stocks. Sorry, we don't celebrate losses.

I hope you like the site.
New upcoming IPOs on the ASX

IPO Name Code Planned Listing Date
1. Argent Minerals Limited (ARD) 3 April 2008
2. Chrysalis Resources Ltd (CYS) 18 April 2008
3. Eastern Iron Limited (EFE) 21 May 2008
4. Gemstar Diamonds Ltd (GEM) 12 May 2008
5. Handini Resources Ltd (HDI) 28 April 2008
6. Mallee Gold Corporation (MLC) To Be Announced
7. Queensland Mining Corp (QMN) To Be Announced

Warranties & Disclaimer

The information presented here is offered in good faith however no warranty can be made as to its accuracy or its completeness. The information is not intended to constitute a basis for your decision making, thus you should seek independent third party advice as well as consult the original prospectus documentation before investing.
The author does engage in considerable speculation as to the circumstances and events which may or may not pertain to the subject matter in hand. This speculation is done in the interests of public knowledge. Please make your own investigations to establish the veracity of the information. You have a right to know the facts. My intent is to open doors, not to slam them in people's faces. Ask questions, not defame characters.

Mining Stock Fundamentals - Buy this report!

You probably noticed that gold, oil and food commodities are taking off right now! You might also be pondering why gold specs have so far failed to perform, and where you should place your hard-earned cash given that we are just about to enter a protracted period of ruinous inflation. Just as we experienced in the 1970s, we are in for a sustained bull market in gold stocks. There are no better markets to buy gold stocks than Australia and Canada. American investors too can easily get a piece of the action – both in their own country, in Canada and Australia. Who wants to be holding USD now! I have been investing in spec mining stocks for over 25 years, and now I reveal all the pertinent factors you need to consider when buying stocks, particularly gold stocks. The spec market has been sold off of late as risk-weighted liquidity was withdrawn from the market. Get ready because those funds are coming back, and with so few gold producers in the market, you must be thinking - That’s a recipe for excitement in the gold market! You can apply this information to your existing stock portfolio or any new stocks you consider in future. It wont just make you money, it will save you a great deal as well.

Mining Stock Fundamentals - How to Pick Winners! Click here to download a copy of the table of contents for this report, available for just $US39.95.

Sunday, January 9, 2011

Recent ASX listings in 2010

The following recent floats will be reviewed:

Name of resources company Code Listing date Opening/Latest

Attila Resources Limited AYA 08/12/2010 0.25 0.4

Braziron Limited BZL 11/11/2010 0.21 0.185

Bulletin Resources Limited BNR 20/12/2010 0.23 0.22

Carabella Resources Limited CLR 17/12/2010 0.75 0.86

Fitzroy Resources Limited FRY 09/12/2010 0.24 0.2

Fortis Mining Limited FMJ 15/12/2010 0.225 0.24

Haranga Resources Limited HAR 09/12/2010 0.54 0.535

Indochine Mining Limited IDC 09/12/2010 0.2 0.17

Kula Gold Limited KGD 16/11/2010 1.84 1.8

Macphersons Reward Gold Limited MRP 24/12/2010 0.35 0.35

Middle Island Resources Limited MDI 16/12/2010 0.43 0.44

Mindoro Resources Limited MDO 07/12/2010 0.27 0.23

Oakland Resources Limited OKL 14/12/2010 0.255 0.28

Octagonal Resources Limited ORS 05/01/2011 0.25 0.23

Orrex Resources Ltd ORX 30/11/2010 0.22 0.225

Paynes Find Gold Limited PNE 02/12/2010 0.19 0.18

Phoenix Gold Limited PXG 22/12/2010 0.21 0.19

Pmi Gold Corporation PVM 21/12/2010 0.7 0.59

Sentosa Mining Limited SEO 17/12/2010 0.25 0.28

Sheffield Resources Limited SFX 15/12/2010 0.24 0.24

Southern Crown Resources Limited SWR 02/12/2010 0.3 0.3

Sovereign Gold Company Limited SOC 03/12/2010 0.22 0.23

St George Mining Limited SGQ 16/11/2010 0.23 0.235

Teranga Gold Corporation TGZ 10/12/2010 2.97 2.83

Thomson Resources Limited TMZ 17/12/2010 0.22 0.25

Universal Coal Plc UNV 10/12/2010 0.26 0.26

Water Resources Group Limited WRG 30/12/2010 0.18 0.195

Xanadu Mines Ltd XAM 21/12/2010 0.7 0.63

Andrew Sheldon www.sheldonthinks.com

New ASX listings in 2011

It has been some time since I have taken a look at some new ASX listings, so I intend to do that. There are a number of things to appreciate about new listings:
1. They involve dissolution with the prospect of adding value in future through spending money. If the spending does not yield value, your wealth will shrink.
2. Listings are often subject to manipulation because shares are priced at the margin, and there is a 'subjective' psychology to trading which brokers take advantage of. i.e. Really, its a form of extortion that you can benefit from if you know what you are doing. You need to be on the right side of the information disparity, whilst avoiding insider trading. Ultimately it is desirable to understand something about mining, exploration and geology. This is why I wrote the book 'Mining Fundamentals.
3. They are often overvalued during times of booms, as they attract a great deal of support upon listing from institutional investors. This support is sometimes justified by the prospect of a free option, or the prospect of positive results from forthcoming drilling, but in fact established explorers often provide better value. For these reasons, these stocks are often just good ones to place on a watch list. Some however are not yet fully valued.

The stocks which we will be reviewing over the next few weeks include the following;

Alligator Energy Limited AGE 12 January 11#
Allmine Group Limited AZG To be advised
Altius Mining Limited AYM Application withdrawn
Argentina Mining Limited AVK To be advised
Centius Gold Limited CNS To be advised
Condor Blanco Mines Limited CDB 07 February 11#
Core Exploration Limited CXO 09 February 11#
Cove Resources Limited CVE 14 January 11#
Eclipse Uranium Ltd EUL 14 February 11#
Epic Resources Limited EPC 14 January 11#
Exterra Resources Limited ETS Application withdrawn
GGG Resources PLC GGB 11 February 11#
Glory Resources Limited GLY 12 January 11#
Invictus Gold Limited IVG 25 January 11#
Kidman Resources Limited KDR To be advised
Meridien Resources Limited MRJ 28 February 11#
Peak Oil and Gas Limited PKO To be advised
Riedel Resources Limited RIE To be advised
Salisbury Resources Limited SBY 01 February 11#
Ventnor Resources Ltd VRX 14 January 11#
Western Manganese Limited WMN 11 February 11#

Look for updates on new listings at the ASX website.
Andrew Sheldon www.sheldonthinks.com