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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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HPD Resources - Dirt cheap

October 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One of the most successful gold mining stocks of recent times was Brancote Holdings, which  discovered a massive vein of gold at their Esquel  project in Patagonia, in the  south  of Argentina.  Its shares could have been bought for 8p in late 1998 and were eventually taken over by Meridian Gold at 227p in July this year, by which time the market value had soared to £142m.   Before that take-over was completed Brancote's directors, Richard Prickett and Bill Humphries, spun out Brancote's other interests into asmall OFEX traded company called HPD Resources.  There they have taken the key roles of chairman and managing director respectively and hold a combined 9.1% stake. Up until recently, ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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