Excellent News Today!!!

At last some excellent news from Victoria Oil and Gas and Red Rock Resources!!!
VOG gave an update on their Logbaba gas site in Cameroon  and they are now testing the pipework before finally delivering gas before the year end!! This is great news and they also mentioned that they will be selling condensate from the gas plant so that is an added bonus So I am looking forward to the switch on of gas!

RRR published their year end accounts which were very positive and the sp went up by 24% at one point, it still needs to go a lot higher before I breakeven but it is a step in the right direction and does give me confidence in my investment. Keep up the good work guys!!

Greencore Group GNC

It has been a very boring few weeks on the markets of late, with most of my shares down. The only one that is positive at the moment if Greencore, mainly as a result of speculation about a possible takeover! There has been no news on this for some weeks but I have found a possibly interesting link! Manvinder Banga has been appointed to M&S board and he is a Clayton, Dubilier & Rice Partner. They are the people who are thought to be the private equity group behind a possible takeover move. As Greencore are suppliers to M&S then this makes some degree of sense. Time will tell but it could be interesting.
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Greencore Group GNC

After I saw on the news last night about food poisoning from Loyd Grosman sauces, I checked that they weren't made by Greencore! Phew!! Today I found some info from KBC Bank which was interesting to read. The general gist was that it is likely to be a management buyout but who can say. At the moment it is showing as the only blue share in my pf so that can't be bad.

Porta Communications seems to have settled a bit and is currently trading at 10p so could do with it pushing on to get over 20p so I can breakeven!!

Pinnacle Telecoms PINN

Nice to get an RNS this morning regarding contract Pinnacle Telecoms have won in connection with the London Olympics and Paralymics! This was forecast on the LSE BB several months ago when people were thinking PINN may get the contract for the Olympics. Atos is a huge company and PINN will be providing services for them. As a result the sp was up this morning but whether it will continue is anyone's guess.

Weekly Roundup

It has been a tumultuous week on the world markets this week with the on-off Greek referendum and the FTSE closed down on Friday night. However, on Friday night all my shares except 1 finished blue!!

The great news was the big improvement in Greencore Group sp which finished at €0.79 which now puts me in profit. I hope the momentum continues next week and that we get some news of the proposed takeover soon. The following is an interesting link  but it not suggesting anything new.

Finally Victoria Oil and Gas is on the move northwards and hopefully for good! The sp closed up at 4.31p on Friday as the days are running out before the first gas is supplied to real customers, who then start paying!!! The VOG website was updated and showed the latest progress   and I envisage that gas will start flowing in December ie in about 4 weeks time VOG will be a supplier rather than an explorer!

Next week is the AGM and consolidation of Porta Communications shares. The likelihood is that some new acquisitions will be announced and it would be nice to think the sp goes up but my experience is that when consolidation takes place the sp drops. I still need the sp to reach 22p from its consolidated level of 11p to breakeven so I will be waiting a lot longer.

Red Rock Resources started  little rise on Friday and finished at 5.15p but if we get a good Columbia update next week then we should see the sp continue further north. The companies that RRR have an interest in Jupiter Mining, Ascot Mining and Regency Mines were all up this week so it is beginning to look more hopeful.

Edenville Energy issued an RNS giving an operational update and broadly are aiming to produce a JORC before the end of December! Net result: sp went up a little!

As we get into the more dynamic time of the trading year, I am looking to see more rises and that I can sell some shares and make some money!!!

Berkeley Mineral Resources BMR

At last this morning we have received an RNS from Berkeley Mineral Resources BMR!! The only question is "Why has it taken so long to reach this decision?" The company needs money to progress and it had a pile of money sitting there for  months and only now have they decided to do anything about it! I feel that the company needs to change its management for someone with more dynamism!!

The Greeks have certainly made life more difficult in the markets and if this is not sorted out before January  15th 2012, all I see is markets drifting down an global meltdown getting closer!!