Tracking

Wednesday 26 October 2011

As the world holds its breath

The summit of EU ministers is supposed to solve the Euro crisis today and everyone seems to be poised waiting for a positive outcome. This morning I had RNS from Greencore, Frontera and Tristar.
The news from Greencore was not very exciting, just detailing the number of shares in issue. Hopefully we will hear more news of the takeover bid soon although this article in the Telegraph suggests it is a mystery! The Irish Times was also carrying the story and they seem to indicate a management buyout could be on the cards!

Frontera Resources gave an update on their Mtsare Khevi oil well and they have found more gas which is good news. Unfortunately it doesn't seem to be reflected in the sp very much so I am still waiting to make a profit there!

Tristar Resources gave another update for their Goynuk antimony site and to be honest, the results were not going to set the world on fire! So back to waiting and wondering what will happen in Euroland!



Tuesday 25 October 2011

Greencore Group GNC

Well what an RNS today!!!!!! It seems that someone wants to buy the company and the sp has gone up from €0.61 this morning to nearly €0.8 this afternoon! So it will be interesting to see how this pans out but I would be quite happy if the sp went above €1.

VOG is still trying to break through the 4p resistance and I wouldn't be surprised if that happened in the beginning of November as the first gas is supplied.

The Greencore news has brought a smile to my face and I hope all goes well in the coming weeks.


Monday 17 October 2011

Good start to the week!!

This morning I have had 3 RNS, from TSTR, RRR and PINN.  The good news was from Tristar Resources where they have had environmental clearance for their antimony roaster in the UAE. This is a small but necessary step in the road to becoming an antimony supplier.


The RNS for Red Rock Resources was concerning their stake in Jupiter Mines. Jupiter are commencing a share buy back and Red Rock are not selling any of their shares. The buyback is seen as being good for Jupiter but it is the production royalty that RRR are interested in more the an improving share price.

Finally the RNS from Pinnacle Telecom was about the issue of more shares and I don't see that as good news!!

However, the market seems to have opened on a positive note today and many of my shares are showing that their sp are rising today, notably VOG, FRR and TSTR. It would be nice to think that VOG finished above 4p today, that FRR finished over 2p and that TSTR finished at 0.9p!!! We will see

Friday 14 October 2011

Greencore Group GNC

Found a couple of links for Greencore today and interesting Youtube video. The OFT decision on the Greencore UNIQ takeover was full of interesting facts and percentages. So now just waiting for the deal to be signed sealed and delivered. Fascinating to see that Greencore does the stuff for Gordon Ramsay.

Wednesday 12 October 2011

Big news today!!!

I was pleased to see 2 RNS this morning, 1 from PTCM and the other from Red Rock.
Porta Comms have come out of suspension and started trading again and they are consolidating their shares 100:1 and that is likely to take place on the 8th November! So I currently have 1.6M shares and after consolidation I will have 16k shares. It doesn't make any difference to the value I hold but does make it more attractive to Institutional Investors to invest in the company. They are also raising more money to continue building the company.

Red Rock Resources also issued an update for their Columbian gold mine at El Limon. In the last quarter they made big strides in raising output , quality and sales of gold. So well done RRR.

Also I bought some more Berkeley Mineral Resources shares BMR, as there is a likelihood that they may get some news about the licence for their mine in Zambia. Time will tell but I made a loss when I sold out of them and have now bought more shares for less money so if they were to get back to my original buy in price I would be making lots of money!!!

Tuesday 11 October 2011

Frontera Resources FRR

A nice RNS this morning from Frontera Resources FRR . Basically they have found a lot more gas at the Mtsare Khevi gas field, in fact, 5 times more than expected and they are only 10km away from gas network. The sale of the gas will provide funds to continue with the expansion of the development. The big question is, what effect will it have on the sp????? 
Also interesting to note that the price of gas is between $4 to $6 per mcf compared with $16 that VOG are getting in Cameroon!!

Thursday 6 October 2011

Volatile market!!

Its been a grim week on the markets and as a result it has been very volatile, down on Tuesday and up on Wednesday!! My pf is looking pretty grim despite some good RNS from Edenville and Pinnacle but I am still 30% down and waiting for one or more of my shares to BOOM!!
It is the presidential elections in Cameroon on Sunday 9 October so with any luck VOG might improve after the elections are finished. I don't think the outcome will have any impact on VOG but it will remove some uncertainty in the minds of investors.
I am waiting to see my dividend from GNC hitting my account any day soon and looking forward to the next divi as I will have considerably more shares!
PTCM is still suspended and it will be interesting to see what the sp is after they start trading again. I would be happy if they were trading in the 0.20's  and there is some talk of consolidation of share value, possibly 100 or 50 times! We will have to see.