Share price movements during Diggers & Dealers

CONFERENCE CALLER: There is a lot of competition amongst companies attending Diggers & Dealers to land a ‘Presentation Spot’.

Each year the forecourt outside the Goldfields Art Centre is abuzz with conversation focused on the subject of who is presenting and who missed out.

Looking at the line-up it would seem each day is something of a mixed bag in regards to news and interest.

Day One presenters are usually guaranteed a good attendance with interest generally high in the Keynote Address, which this year is to be delivered by former Governor of the Bank of England, Lord Mervyn King.

Personally I always like to hear what Diggers chairman Barry Eldridge has to say, especially when he gets fired up about mining and carbon taxes and such.

With everything being repealed instead of introduced this year, there’s every chance his blood pressure will be down, but there’s always hope something will raise his ire.

Companies sure to draw interest on Day One include Sheffield Resources, Sandfire Resources , and Northern Star Resources, which has been an outstanding performer this year and is The Roadhouse tip to pick up one the awards on offer at the Gala Dinner.

 

Session one presenters on Day Two will thank Sirius Resources for a full auditorium with Fraser Range nearologists in the crowd keen to claim that were able to sit within 20 metres of Mark Bennett.

 

For conference diehards Day Three promises good return for long-term investment of time with Gold Road Resources and Doray Minerals certain to add some sparkle to the opening session.

The pre-lunch session will be one to watch with Rox Resources, MacPhersons Resources, and Ram Resources – all promising stories in their own right – setting the stage for Blackham Resources managing director Bryan Dixon (if he’s still in the job by then) to spill the beans in regards to the company’s recent board room arm wrestle.

 

Throughout the week, we’ll be keeping an eye on how the market reacts to all the presentations and all the news that emanates from the conference, keeping a watch on how it all may, or may not, affect the share prices of the presenting companies.

We’re going to take a pretend portfolio encompassing a pretend $10,000 dollar investment in each just to see if there is indeed any movement, and if there is when it happens.

We’ll be watching to see whether there is movement before a company presents, or after – even during.

There is no scientific reasoning behind our study, we just need something to keep us occupied.

 

Disclaimer: The above is intended as a guide only. The Roadhouse accepts no responsibility for investments made from this advice, successful or otherwise.

The views, opinions or recommendations of this article do not in any way reflect the views, opinions, recommendations, of The Resources Roadhouse.

The Roadhouse makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions.