Some stocks to lose money on

Thursday 28 January 2016

By reader request. Missed this yesterday at Domainfax but it’s worth a moment. Credit Suisse recommended six stocks for the brave:

Kula Gold: It is developing a gold project on Woodlark Island about 600km from the Papua New Guinea capital Port Moresby but its share price is coming off a very low base at 1¢ a share so any rise is amplified. It has big shareholders such as the investment arm of Sydney corporate finance firm Pacific Road, and big US fund manager Franklin Templeton and the PNG government holds 5 per cent.

Altona Mining: Credit Suisse has an “outperform” on the company developing a copper project near Mt Isa and expects its share price to rise from around 8¢ currently to 26¢.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.