Good buy opportunities at Under the Radar22.09.2011

The morning after our launch party I saw the caption, "Flying under the radar" beneath a photo of Darren Lockyer on the front page of the Sports section in the Sydney Morning Herald. It was then that I knew our message was reaching a wider audience.

The first issue was out today and the response has been good, and not just for sales of Gillette razor blades.

We look at good little companies that aren't widely known, but are both looking to take advantage one of the biggest booms in the history of mankind - the resources boom. One is a gold producer and the other services the mining sector.

Gold reached an all time high in September, having increased six-fold this millenium. And the amount of work hitting the mining services sector is phenomenal....

A recent report by ANZ said that its base case scenario sees the Australian component of mining services businesses growing to about $200bn by 2030. It also says the number of full-time employees directly participating in the growth of the commodity sectors could double to about 1.5 million by 2030.

The report indicates that current negativity over the skills bottleneck and other temporary issues has obscured the bigger picture of long-term growth in the sector and that, for instance, giant projects like the $43bn Gorgon LNG project are starting to deliver windfalls for myriad subcontractors and associated workers who have been waiting since 2007.



About the Author

Caroline Mark

Caroline is the publisher of Under the Radar Report. She has a diverse background, from producing financial publications, to fundraising and marketing.

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