Winners & Losers

Cazaly Resources (CAZ) a gold explorer was the biggest loser of the week, down 76% on the loss of an exploration licence. The WA government made a decision to take one of their licences off them to hand back to Rio Tinto (RIO). Echelon Resources was also affected by this.

Total Communications Infrastructure (TCI) is the loser for week 16 of 2006. The share price for this stock fell 19% during the week falling to $1.13. The reason?

Wow... Oxiana (OXR)has had a brilliant run. Basically Jumped up by 18.2% in a week to $3.25 for week 16 of 2006. "Oxiana produces gold and copper from two mines in Laos and studies are also underway to expand both these operations. The Golden Grove zinc/copper mine in West Australia was purchased in mid 2005 while the Prominent Hill copper/gold project in South Australia is targeting a 2008 start-up.

Fortescue Metals (FMG) is Winner of Week 16 2006 in the Australian Stock Market rising 20% on the back of no news to $7.35. fortescue's principal activity is the development of the East Pilbara Iron Ore Project. ASX Fact Sheet for FMG. Just looking at the chart, it is trading in a trading channel for the past month, in fact if you zoom out you can see the full extent of the stock price movement.

The winner of week 13 for 2006 on the Australian Stock Exchange (ASX) is Village Life - up 82% on merger speculation. The loser of the week was realestate.com.au with a 15% loss in a week to $3.45 for no real reason.

Bougainville Copper [BOC], an ASX listed company, closed 29c higher this week. This stock is in the resources sector, and as we all know, these stocks are very volatile when it comes to news or announcements or any new prospects of future profits. Just to think if you were to pick the bottom and the exact top of this stock during the week, it would have netted you a 72% return. (Assuming you picked the bottom, by buying at the start of the week, held it for two days and sold it at its peak on Wednesday 15th March 2006. It also assumes that there was enough liquidity for you to offload the stock at the peak price.) 72$ without any leveraging. How perfect. Sometimes you just have to be in the know...