The neglected miners

Briefly noting some stocks in the resources sector we haven't caught up with for a while.

By Intelligent Investor · 20 Apr 2000

By Intelligent Investor ·
20 Apr 2000

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Oohmedia Limited - OML

Current price

$1.67 at 16:20 (23 April 2024)

Price at review

$1.32 at (20 April 2000)

All Prices are in AUD ($)

The share price of Orogen Minerals (OML - $1.32) is still well below the NTA of about $1.90, thanks to PNG's lack of political stability. However, a deal which gets the PNG-Queensland gas pipeline going should buoy the stock in the short term, even though the price is down since our issue 37 brief (Buy - $1.80). No one likes the stock at the moment, but like BHP, it will eventually return to favour. If you're prepared to wait it remains a BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

The neglected miners

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The neglected miners

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