MEY 2.94% 7.0¢ marenica energy ltd

"stocks to watch in 2010" - the australian

  1. 198 Posts.
    Stocks to watch in the year ahead

    PURE SPECULATION: Robin Bromby From: The Australian December 28, 2009 12:00AM

    WE were all very down in the dumps this time last year, weren't we? Metal prices had collapsed, share prices had gone through the floor and no one -- least of all your clinically gloomy correspondent -- foresaw that the big bounce was only a few months ahead.

    Pure Speculation was in full glass-is-half-empty mode, noting -- only slightly tongue-in-cheek -- that the lesson of 2008 was not to invest in any exploration story, or any production story, not to believe the China story and not to believe any commodity price forecast. In other words, we were dark on everything and everybody connected with resources.

    Just as well you took no notice. This year we thought we might leave the forecast to an expert.

    Resources analyst Gavin Wendt, who now runs his own show as Mine Life, is very positive about 2010.

    Marenica Energy (MEY) is on his list.

    First, there's the nuclear energy story and, second, there's the extraordinary success story of that other Namibian uranium play, Extract Resources (EXT). Extract last traded at $8.50, Marenica at 14c.
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