Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Thursday, 10 December 2015

Goodnight

Another of last year's stock tips goes belly up.

This time it is BC Iron (BCI) that has gone into a trading halt pending a "review of operations".

Gina Rinehart's Roy Hill Mine is now beginning production and the iron ore price has been dumped below US$40/tonne in the past week, way below BCI's estimated cost of production. 


We all make good and bad calls, but some of these stock tips have been no better than pure gambling.