Nautilus and BP are making us rich

17-Jan-2011 In July 2010 you will recall I tipped Nautilus Minerals at $1.24 and BP at £3.30.

BP took a dive when the rig sank in the Gulf of Mexico which is why we had a second bite of the cherry - something that is almost becoming a trademark here at Tyler Towers. When a stock dives look at the fundamentals. If the market has over-reacted - buy the stock. If you've already bought - by some more

 If you had followed me on these two investments today would be a very happy day for you indeed. Nautilus jumped 27% today on the news that their mining licence had been granted by Papua New Guinea. The government are likely to take a position themselves which not only gives the stock support but also gives the company more money to operate with. I pitched Nautilus as one of my more risky punts but then again so too was BP.  We have been handsomely rewarded for being bold. The share price of NUS.L as I write is at $1.77 meaning we have made a massive 43% in just six months.

Should you cash in on such a big profit? Not yet - this one has a long way to go and could be one of our best investments of the year. In fact news is only just trickling out and this remains off the radar for most pundits. Not too late to take a position if you are quick.

BP meanwhile has given us a further 54% standing at £5. 09 as I type.

Of course we must temper our BP profit with the loss we are still carrying on our first entry earlier in the year. None the less, this kind of profit makes you rich very fast - 50% in six months is just what the doctor ordered.

Could they fall again? Don't be stupid - of course they could. This is gambling by any other name, No one makes this kind of money on a guaranteed return.

But don't let me rain on your parade. Today is a good day. I hope you are enjoying the journey.

---