Tracking

Wednesday 1 June 2011

Alternative Energy Ltd (ALR)

Alternative Energy Ltd posted their interim results yesterday and they were telling us little new. The company is still making a loss as a result of initial development work. The staff are committed to the company and are taking shares as part of their remuneration package, a good sign. Chris Nightingale is continuing to back the company and having spoken to him recently, I am happy that ALR are on the right track. What they need to do now is to generate some sales. Once that starts to happen then the future of the company will change for the better.

No RNS from Berkeley Resources again today  so the wait continues.Masoud Alikhani, the CEO, is addressing a mining conference today and many thought that an RNS would be issued to coincide with that.

Viridas PLC is flying agin today!! 0.5/0.6p and up 17%. Over 9M shares traded this morning and some meaty buys going on. It was on the volume board of LSE yesterday and I wouldn't be surprised if it was there again today. Just need an RNS saying where the company is going. I have put my sell order in again today for 0.7p but I am not expecting it to make it today!

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