Last post of 2012!

Well the world hasn't ended as some predicted but not a lot has happened with many of my shares!
VOG issued an update RNS yesterday which was good, in that gas sales are increasing but there was slippage in amount of gas being suppplied and progress on the bank loan. I am still hopeful that one day VOG will come good. Kevin Foo has long held the view that he would like the company to be a mid cap company so about £350M Mcap. Based on shares issued of 2.8Billion then that would give an sp of 12.5p. I would be very happy with that!
My French share trading has been going well and I have gradually been increasing my holding in Natixis by trading the ups and downs. I will continue in this strategy as it seems to be working.
I don't know whether anything I have written has ever been of use to anyone but I would like to wish everyone a Merry Christmas and a prosperous new year!
See you in 2013!

And the news keeps on coming!!!

A great RNS this morning from Orogen Gold (ORE), detailing their latest drilling results at Deli Jovan! They are reporting 3metres at 29.6g/t gold which is pretty impressive! It would be better if they were actually mining and selling it but having found it, it isn't about to go away!
I wonder what the market will make of it today?

More Good News!!!

Today I received an RNS from Pinnacle Telecom Group plc who gave a trading update! It didn't say a lot but just that when they announce their results in February they will be very good!
"The Board expects to report significant revenue growth for the full year ending 30^thSeptember 2012, compared to FY 2011. The Board also expects to report significantly improved Operating profit performance for FY12, compared to FY11. "

The market was underwhelmed and the sp went down but it will be interesting to see what happens in the lead up to results on 18th Feb next year

Victoria Oil and Gas are starting to improve a little and I still live in hope that one day the sp will hit double figures!!! Perhaps 2013  will be the year!

It's good news day!!!

2 nice RNS this morning which I have no doubt, in the fullness of time, will send the sp up for the companies involved. Victoria Oil and Gas (VOG) issued an RNS on their AGM and an operational update for Seprember/October. Basically they are likely to have another 9 customers taking gas by the end of the year on top of the 6 that are currently taking gas. They also have 26 letters of intent for gas supply and 9 for power requirements. Once they announce that they have finance sorted then I am confident that the sp is going to go up dramatically as suddenly they will be in a snowball situation regarding customers taking gas.
Orogen Gold (ORE) also issued an RNS saying that they had negotiated $5M finance in drawdown facility to enable them to press on with exploring the Deli Jovan site for gold. For me they key bit of the RNS was "We look forward to updating shareholders shortly on the most recent drill and trench results from Deli Jovan."  It would be nice if they meant Monday!!!

Orogen Gold ORE

I haven't posted for over a week because nothing has happened. Then, all of a sudden, today, things started to get exciting with Orogen Gold ORE! People started to buy millions of shares and the sp, had gone up to 0.67p! Traditionally they like to issue RNS on a Monday morning soi I wonder whether we will get one on Monday? Also they are supposed to release info about the gold mines in December so is this the start of something big or just another false dawn in the land of AIM?
We will have a better picture on Monday!

At last some good news!!!!!!

After a couple of weeks of bad news, dilution from VOG, massive fall in Red Rock share due to Jupiter mines stopping iron ore works due to fall in iron ore prices,  general poor market conditions, today, Victoria Oil and Gas (VOG) issued an RNS giving some good news!!! They have had an independent gas market survey done on Douala and state that a company called Prometal has started using gas and can take up to 430000 cu ft gas per day so a good customer. Further more they have another 10 customers who are likely to be taking gas by the end of December.
One of the key comments I took from the report was the 100% growth per annum from 2012 to 2017!!  If that actually happened then the company would be making some super profits and the sp should be significantly higher. It will be interesting to see whether there is any movement in the sp and whether there will be a lot more sales of the recently issued shares!

Victoria Oil and Gas (VOG)

After the recent financial report for Victoria Oil and Gas  I took the decision to buy more shares as it seemed to me that it was a no brainer, that if VOG were buying 20 more gas units for customers then it was bound to be a good buy. Since then the sp has dropped and I can't understand why so today I rang VOG and asked if I could speak to Kevin Foo. To my surprise I had a 10 minute conversation with him, in which, he was very frank when I asked why the sp was where it was. Obviously, I didn't ask price sensitive information but he did give me a clear warts and all explanation of why he saw the sp where it was and what was needed for the sp to rise. I found it refreshing that he took the time to speak to me and explained why he thought the sp was where it was. At the end of the conversation I felt that I had made the right decision in buying more shares. As he is the largest individual shareholder, he is as keen as anyone that the sp goes up and reflect all that VOG have achieved in the last 3 and a half years. I see it as a matter of time now before the sp starts to rise. I have an average of just under 4p so I hope it goes above that before I pop my clogs!!

End of the line!!!

I have had a flurry of RNS and as a result I have sold my BMR shares! It is all a matter of confidence and I have zero confidence in Masoud Alikhani, especially after yesterday's RNS where he extended the warrants for the second time for another 6 months!!! So I sold up and put my money into VOG!
Some may question my decision but in VOG, I see a company who have worked hard to produce a business in Cameroon that will benefit the local economy and hopefully the shareholders. VOG issued their final results yesterday, which were not great but I live in hopes that this time next year things will be completely different. The sp fell on the results but I am looking to see the sp rise in the coming months.
Today, PINN issued a very positive RNS on its high speed internet trials in Cheltenham and this is another step in developing the company so well done PINN!

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an RNS today regarding copper production at the Bwana Mkubwa mine, Ndola. The intention is to produce 150 tonnes of copper a month! Will it happen? Who can say but going on the track record so far, I would have my doubts.

I have changed my trading account in France to make it more tax efficient so I am waiting for that to get sorted before I can continue with my shares in Paris. Despite all the problems with the Euro, I seem to be doing better on the Paris stock exchange than in London. I hope that soon changes though!

A flurry of RNS!!

In the last few days I have had a number of RNS about my shares! The first was from BMR and it was just a change of registered office! We will get another RNS from BMR next week as I think that it is highly unlikely that the warrants are exercised!
Then we had some from Red Rock, RRR about Greenland and the iron ore prospecting there, nothing to exciting!
Then we had one from ORE about an issue of shares! Normally this would be viewed as bad news but this time they had raised £1.2M and it was all director buys!!!!!!!! My take on that is that they are very confident that they are going to make a lot of money in the future!
Then we had another from RRR saying that they had sold some shares in Jupiter Mining to fund the RRR business! Better than a dilution but I am unclear as to where this takes RRR!
All of the RNS have had very little impact on the sp for any of the shares so it is still back to waiting!

A Long Time doing nothing!!!

It has been another week and not a lot has happened to my shares, even my Natixis are stuck!! Tristar Resources are starting to make a move northwards but generally everything is staying the same! There are very few RNS and this time of the year is generally when things start to kick off with results and positive outlooks! To relieve the boredom I have even been doing some forex trading on the EUR/USD and even that is just trading in a range! It is as if the financial world is waiting for something to happen! Perhaps that something is the Spanish govt asking for a bailout! Time to be patient and wait until something happens!

Reflections on trading

I have been trading now for 2 years and whilst I have had some success, I have also made a lot of mistakes. I read on a BB the other day someone was advising another poster that the minimum you should buy shares for is £1000 and I agree as otherwise you struggle to make a profit after dealing costs and stamp duty.
Take very little notice of what people post on BBs! At the start I had 2 shares GKN and VOG and I was quite happy with that until someone suggested that I should have more or it would look like I was a gambler! So I set about buying shares in every sector! I have learned that it is a mistake!
For some people share trading is an investment, they buy shares at the bottom, hold for maybe a long time and get a multi bagger, perhaps. For me, I have learnt that I prefer to buy and sell quickly. I would rather make £20-£50 a day rather than wait 2 years in the hope I may double my money. Like I say, it is my style but not for everyone. Now so long as I make more than the combined cost of dealing and stamp duty as clear profit I am happy.
I have also found that for me, it is better to trade shares that have high volume each day and good volatility. If a share can move 4% in a day then I can achieve my objectives. There is nothing I like better than buying some shares, selling them the same day or the next day and then buying them back at a lower price the day after. I can see the number of shares increase along with my capital invested and if I am making more than bank interest then I get a kick out of beating the bank!
Having learnt some hard lessons, this is the way I will be continuing for now. Like I say, it is not for everyone but it does suit me. 

Red Rock Resources

Red Rock Resources issued an RNS today regarding the sale of its Columbian gold mine. This could be worth in excess of $2M to the company based on the original loan agreement but we will have to wait and see. It will be interesting to see how it affects the sp!
The RNS yesterday from VOG did little for the sp! It went up a bit but then settled back to where it closed! One of these days it will go up and stay up! The problem is that many staff were paid in shares and it may be that some are turning their shares into liquidity so until they have finished selling the sp will continue to languish!

Victoria Oil and Gas (VOG)

Last week was very boring really, most of my pf did nothing or went down but today Victoria Oil and Gas (VOG) issued a good RNS!!! They have a Competent Person's Report that confirms that they have 50% more reserves of gas at Logbaba! Hoorah! This was carried out to provide a credit facility with a top tier finance house. This should effectively remove the chunterings bout dilution for a while and may move the sp northwards!
Berkeley Mineral Resources PLC are still just above 3p and it wouldn't surprise me to see the sp fall into the 2p's before the AGM. There is very little volume and no news so there is nothing to drive the sp north!

TriStar Resources

Today, TriStar Resources issued an RNS regarding their interim results! Basically it was saying nothing new and the main activity at the moment was seeking funds to develop the facility at Goynuk and progress the roaster site at RAK! My view is that this share isn't going anywhere fast but in the fullness of time, when the roaster is up and running then the sp could be in double figures. How long that will take I have no idea, so its a share to buy now and put in the bottom drawer for a while!

Gold, Gold, Gold!!!

Two of my shares RRR and ORE are gold miners and I thought it would be interesting to share my thoughts on the differences. RRR issued an RNS regarding their Migori prospect in Kenya. Here, they are finding gold at just over 1g/t. ORE issued an RNS regarding their Deli Jovan prospect in Serbia and here we are talking gold at 13g/t also if you look at their map on their website you will see gold up to 65g/t!!
However, ORE is languishing at 0.6p a share which is very, very low given the gold in the ground and if they can start extracting it then is there any reason why this couldn't be £1 a share!! Obviously they will need funds to extract and process the gold but given the high grades then it should be cash rich and self supporting in a short space of time once mining begins!

Story of the week!! I was watching a company called Recyclex on the Paris exchange and they had a court case on Wednesday where €50M was at stake. The judge suspended trading in the shares on Wednesday whilst the case proceeded. I decided to wait until after Wednesday to buy some shares. They were just over €3 on Tuesday. On Thursday, after the case was dismissed they were trading over €5 a share!!!!!!!!!!!! C'est la vie as they say!

Orogen Gold (ORE)

Orogen Gold (ORE) issued an RNS today on their interim results. The results themselves were not very interesting but the comments on their gold drilling was. They have some high grade drill results upto 135g/t so  it is looking very positive. Add to that they upgraded their website with a new diagram which showed gold at 62g/t and things are starting to look very positive!
On the European front I bought back some more Natixis shares on Friday, so I am now looking for them to move up again. It is a typical Monday, with many shares depressed and none of my London shares are doing very well but Natixis is up slightly.
Berkeley Mineral Resources PLC are down again and the 6p warrants expire on Oct 24th so not long to go. There seems to a lot of gnashing of teeth after the recent investors evening with the likelihood of the sp rising anytime soon very remote. Some people are muttering about another 2 years for anything to happen but I hope that is not true!

QE3!! Marvellous for banks!!!

After QE3 by the Fed last night, the markets were expected to open up! When the markets opened, by the time I had logged into my French share dealing account Natixis had already passed my selling target! I quickly put a sell order in and sold at €2.72! Considering I bought at €2.53 just 2 minutes before close of business last night, I was pleased with that. My view is that it is better to make a lot of small gains frequently rather than wait years for an "investment" to pay off.
Talking of which, by all accounts the presentation by BMR was not impressive last night and it may be some considerable time before anything actually takes place. The general result was that in a buoyant market, the BMR sp went down!

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued a pointless RNS today, mainly for the benefit of the meeting this evening! It told us nothing new and in my opinion was a waste of money actually issuing it. It could have been done on the Company's website. Until BMR actually start selling something the sp is likely to languish where it is!
I was going to sell my Credit Agricole shares this morning just after the market opened at €5.91 but dithered and missed the opportunity. I sold them eventually just before close of play at a small profit and bought a load of Natixis shares! I am looking for Natixis to rise to about €2.79 to give me a good profit but I think it depends on what happens with the Fed today!
Still no news from Orogen Gold but I live in hopes, at least it didn't go down!

Europe booming today!!

With the German Court approving the Euro bailout, shares in Europe are doing well today. I bought some Natixis shares this morning just after the market opened for €2.52 and sold them less than 2 hours later for €2.69!! Nice little profit and hoping to buy back a little later.
My Credit Agricole shares are also doing well and are now in profit! I bought them in February and they immediately went down but now appear to be flying. I have a sell order in for €6.03 and then I will be looking to trade in bigger lots as I will combine both lots of funds.
Meanwhile in the UK, BMR are still languishing despite the fact that Masoud Alikhani is giving a presentation tomorrow! Everything else is wallowing!!

I could be talking complete nonsense but I think Orogen Gold ORE is going to pop at any time soon. If it gets to 1p then I will be very pleased!

Finally Red Rock released an RNS after hours that while interesting didn't really say anything that is going to get people excited!

Pinnacle Technology Group

Pinnacle Technology Group issued an RNS this morning rightly proud of their achievements in the broadcasting of the Olympics and Paralympics in London! Whilst it may have been profitable I get the impression that it was used to improve the infrastructure of the company. Well done Alan Bonner and everyone at Pinnacle, be nice if the sp reflected the achievement! Here is an interview with Alan Bonner

After a couple of days of languishing, Credit Agricole went up today so I set a limit order for my floating Credit Agricole shares and when I came back from collecting my son, I found that I had sold them! The plan is now to buy back if they retrace or buy back Natixis shares. Unfortunately, I can't buy Commerzbank shares on my French account so will have to wait for my UK account to free up some funds!

Monday blues!!

Well, its Monday again and as usual, nothing much seems to happen with my shares on a Monday! No RNS today, so prices moving very little! Over the weekend I did some research on more continental shares and in due course, I will be buying some European shares. Stay tuned for more info! Also, I have added a translate button to the blog should anyone want to read it in a language other than English.
This Thursday is the presentation by Masoud Alikhani to investors and unless he issues an RNS before then, I don't know what he is going to say to inspire people to want to get involved with BMR!

Good day for banks!

After the announcement by the ECB, banks went  crazy this morning. My Credit Agricole shares went up to €5.52 before retracing a bit! Lloyds and Commerzbank who I have been following were also up.
My UK shares were very uninspiring and BMR is very disappointing considering that Masoud Alikhani is giving a presentation to investors next Wednesday. Unless he issues an RNS before then he will have very little to inspire investors to get involved with BMR and all the time we are getting closer to the date when the 6p warrants expire!

Frustration creeping in!

I have noticed a fair amount of frustration creeping into the BBs lately. This seems to be because there is an expectation of the sp rising but being held back by the MMs for some reason. On BMR last night many people were getting cock-a-hoop that the sp would be pushing 4p, 5p etc today but after a little flourish this morning, the sp actually dropped!
TSTR has dropped recently as someone sold 4M shares but really we are just waiting for news regarding the roaster at RAK and the sp should get to at least 1p. Orogen gold are waiting for drill results but someone keeps selling 500k and 100k blocks of shares so the sp remains fairly static!
My major holding, VOG, is producing gas and should be making money but the sp lies around the 3p mark when it should be at least 5p at the moment.
There is little anyone can do about it except wait patiently!
The bright aspect of my pf is my French shares Credit Agricole and Natixis are both positive today and with good news from the ECB, I have every hope that they will do better. It isn't all bad!
Well Natixis went up to €2.35 so I took the opportunity to sell and realise some profit! It may continue to go up but then again it may not!! Also Credit Agricole went over €5 so slowly getting back to my buy in price!

Poor day on the market

Yesterday was a bright day on the markets but today is looking pretty grim. Whilst looking around for ways of finding other shares to investigate around the world, particularly in UK, France and Germany, I came across an American stock screener. I tried it and it only seemed to show American stocks so I googled free stock screener and found just what I was looking for at ft.com. This gave me the opportunity to search shares in France, Germany and UK and any other country if I wanted, in order to select shares to possibly invest in. I will be using this in the future as I would like to buy some German shares to safeguard my Euros!
Yesterday I purchased some shares in Natixis, a French banking/ savings company. I am looking for them to get to €3 from my purchase price of €2.17

Orogen Gold (ORE)

I took the opportunity this morning to sell the TSTR shares I bought on Friday for a small profit and then set about trying to buy either BMR, RRR or VOG. I didn't have any success with my Fill or Kill orders so I took some time to see  what else was suitable. Eventually I settled on Orogen Gold (ORE) as I had been in these in 2011. At that time I bought at 0.83 and sold at 1.03. Today I bought some at 0.608p and am looking forward to an RNS shortly on their latest drilling at Deli Jovan.

It would be nice to get an RNS next Monday but like everything, who knows.
This is an interesting link regarding the site at Deli Jovan

A good end to the week!

I went out this morning and when I returned this afternoon, I found that Credit Agricole had gone up to €4.64 so I sold my floating shares for a profit. It is my intention to buy back if the sp falls to about €4.30! So I will have to wait and see what happens in the coming weeks.
I also found that BMR had gone up so I sold my floating BMR shares and bought some more TSTR shares at 0.475p! I will sell theseif the sp goes above 0.5p and either buy back into BMR or RRR or VOG. I would like to improve my holding in RRR but the sp is not very volatile and the spread is frequently about 10% so it is difficult to trade them.However, it would reduce my average a lot and they recently issued a good RNS on the exploration of iron ore in Greenland!
In one month I have increased my floating share fund by 13.6% by buying and selling carefully and not expecting huge returns but fairly modest ones!

Exciting Day!

I have been a little busy of late but yesterday I had a few moments to look at the market and was pleasantly surprised. After Tuesday's results from Credit Agricole which weren't very good, yesterday saw Victoria Oil and Gas shares move up a little so I sold a few and bought some TSTR shares for 0.475p. It was the first trade of the day so I was pleased to get them at such a good price. I then went out and on my return sold the TSTR shares and bought some BMR shares late in the day.
Also on my CFD account I made some dosh on Credit Agricole and also XEL! So all in all, a very satisfactory day netting a reasonable profit! I would like to repeat the performance as and when basically keeping between TSTR, VOG and BMR!

Credit Agricole

Like I said earlier this week the share is climbing prior to the half year results next Tuesday. It dropped on Monday but climbed back up and is now going strong. Three trading days to go before results so it will be interesting to see what the sp gets to before and after the half year results! It is interesting to note that Credit Agricole are the only institutional investor in Berkeley Mineral Resources!
Victoria Oil and Gas are still bogged down below 3p and I don't see much movement in the sp before Novemeber! Tedious but patience is required.

Last days of summer!!

As we stagger towards the end of August, there is a little movement in shares but not a lot happening with my AIM shares! Despite there being a lot of info about BMR in the press at the weekend, the sp has moved less than 5%! The 6p warrants expire on the 24th October 2012 so approximately 2 months to get the sp above 6p or the warrants will expire! I am not holding my breath on this one!
Credit Agricole have been rising steadily since the announcement of its sale of Greek bank. Also next Tuesday 28th, is the half year results so I am expecting the rise to continue up to results day, we shall see!
Not much action on VOG or TSTR so I am still waiting like many shareholders. It is interesting to note how many people say on the BBs that their pf has been in the red for 18 months! I also get the feeling that many people are frustrated with what they perceive as a rigged market on AIM. I have no idea whether it is rigged but if the LIBOR market was rigged then there is no reason why AIM isn't rigged.

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an RNS this morning stating that they had bought all the remaining rights at Kabwe. It left me cold as it is still acquiring assets but not producing any revenue!! However, the key part for me was that tests were progressing by Yunnan Xiangyun Feilong Nonferrous Metal Company ("Feilong") on ways of processing lead and zinc. Maybe we might start generating some cash by the end of the next millenium! The market was about as impressed as myself and a small 7% rise was all it generated.
Despite a huge number of shares traded yesterday Victoria Oil and Gas after a good RNS, the sp finished slightly up. Whilst I was heartened, I think realistically it will be the end of the year before we see any rerating of the sp.

Victoria Oil and Gas (VOG)

I think we had a good RNS from Victoria Oil and Gas (VOG) this morning. It was a letter from Kevin Foo clearly laying out where the company is and what problems it has been facing. It gives me confidence that the company is going in the right direction and in due course I will make some money!! It will be interesting to see what the market thinks today!

Yesterday there was a flurry of activity from TSTR and the sp went up to 0.55p at one point. It finished with a 14% increase on the day and it would be nice if it continued today. There was no news but quite a few sizeable buys!

Post Holiday!!

I have been away on holiday for a few weeks and on my return I find not a lot has happened really!!! VOG, BMR and TSTR all languishing in the doldrums! There seems to be more talk of a takeover being likely on BMR but if it is taken over, I can't see the price being as high as some would like! Currently the MCap is £34M and the assets are supposed to be worth £10BN, .However, a lot of money needs to be invested before any money is generated. Last October they issued an RNS saying that slimes would be sold in Q1. Well we are nearly a year on and not one penny of revenue has been raised!
TSTR issued an RNS the other day saying that they would be providing technical advice to RDP ingapore on its antimony project in Burma. I see this as a good sign but the sp still languishes below 0.5p so no great shakes there.
I had bought some more Credit Agricole shares and before I went away I put a limit order in for €3.65! When I came back it had been actioned but the sp had continued to rise to €4.00. So I made a small profit but could have made more! I would have been better off not to have traded the shares as originally I bought some at €2.89 so if I had held onto them I would be doing nicely now! The benefits of hindsight!
This afternoon BMR issued an RNS stating that they had agreed terms for more Chingola dumps and as a result the sp went up a little! Could do, with it at least doubling!

Some good news, some not so good....

I had 2 RNS today,1 from Victoria Oil and Gas and the other from Berkeley Mineral Resources . The one from VOG was great as they are now supplying gas to customers!! That means they are now generating cash and as more customers come on line they should begin to make a profit.
The 2nd from BMR was bad in that there are problems with the Due Diligence at Chingola and BMR have started looking at dumps at Ndola! It is about time they started doing something with all the stuff they have rather than looking form more. It reminds me a bit of old man Steptoe and his yard! As a result the sp dropped!

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an RNS today saying that they had signed  JV at Chingola. Amazingly the market loved it so much that the sp dropped. That is about par for the course for BMR. They are spending a lot of time and money buying up dumps but failing to see that they need to generate some cash! As a result the sp wallows around the 3-4p mark, many shareholders are sitting on losses and I fear that another year will pass before the sp moves north. They need to understand that ANY business needs to generate cash or it will cease to exist.
I did my first CFD on Ageas this morning as they keep rising and made a small profit so am pleased with that. They have been rising steadily for about a week now and I would not be surprised if they continued towards €1.8. I don't have the funds to join in a bigger way though so I will just watch.

Things are not all bad!

Currently, I am trading on the LSE, Euronext and CFDs and when I switched my computer on this morning, I found that one of my Euronext shares, Ageas, was doing very well! I bought them 2 days ago at €1.33 and this morning they were trading at €1.46. I put in a sell order for €1.47 and the sp promptly went down. However, this afternoon the sp hit €1.47 and in fact hit €1.485 but I sold mine at €1.47 for 6.27% profit so I now have a buy order in for Credit Agricole for €3.10 so we will have to see. If Ageas sp drops back to the €1.30s then I will buy back in. This is the 3rd time I have traded this share and in March it was trading at €1.80.

VOG is still languishing below 3p and is very tedious! I live in hopes that one day soon it will be above 4p and once it gets above 5p then my shares will be in profit! However, if it got above 4p then I would be doing well with my CFDs! However, for the moment, I will content myself with a little profit from Belgium!

Some good news today!!

I received 2 RNS today that brought a little cheer to an otherwise grim market picture. The first was half year results from Pinnacle Technology Group where sales and profit had increased significantly and the second from Red Rock Resources where they had the results of gold testing at the Mikei gold project in SW Kenya.This RNS seemed to indicate very good gold returns from the samples tested and perhaps in the future it will help push the sp up!
The PINN RNS was good but not spectacular and seemed to follow previous trends where the sp rises in anticipation of good results only for the sp to fall when the results are good but not spectacular!
My CFDs are slightly negative at the moment as VOG is doing badly with its sp. Once it stays over 3p then I will be feeling confident but for the moment I am just tracking the situation waiting for an upturn possibly driven by an RNS saying that gas is being supplied and customers are paying!

Victoria Oil and Gas (VOG)

Victoria Oil and Gas (VOG) updated their website with details of how they are progressing in Cameroon. My CFD trading on VOG is going slowly and I did make a small profit yesterday when the sp briefly flirted above 3p! I had previously taken out another 50k shares at 2.89p and sold them at 2.94p to get my first profit on the board. I was then able to buy them back later in the day for 2.9p. It will be interesting to see whether the sp moves above 3p today with the latest progress report and whether it can stay above 3p!

At last!!!!!!!!!!

At last, TSTR have issued an RNS!! This gives an operational update on its activities worldwide and generally was very positive. It will be interesting to see what the market makes of it all. For me the key things were lots of antimony, readily available; JV partner ready with $30M and permission to build local processor.
PINN also issued an RNS this morning on gaining the contract again for the BBC Big Weekend and highlighting its part in the Queen's Jubilee. That might go some way to explaining the surge in sp yesterday afternoon!

Change of direction!

On Friday I sold a load of TSTR shares and opened a CFD account with the proceeds. I had a CFD account some years ago and lost a lot of money through not understanding about trading. Since then I have learned a lot, often the hard way, and so this morning I opened a CFD trade on Victoria Oil and Gas at 2.9p with 100000 shares. It seems to me that unless I am very unlucky, the sp will rise upto and past the delivery and charging of gas in June/July. As the last placing was at 3p, I think that I have got in at a good time. So, I now have 200k shares and 100k shares on CFD. I still have TSTR shares and we should have some news in the next fortnight.
My plan is that if I can make a profit on my CFD account, I will take my original stake out and just trade on the profit! Time will tell, I will keep you updated!

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an interesting RNS today stating they have a Memorandum of Understanding with a Chinese company to enter a Joint Venture to process the lead and zinc tailings at Kabwe! On the face of it, it is really good news which goes some way to explain the rise in sp yesterday! However, the sp has fallen today when you could be forgiven for thinking that it would have continued to rise  on the RNS. Just goes to show how many investors are very sceptical about investing in BMR when so many of them have lost money in the past! I had out go out this morning before the market opened so I put in a sell order only to find that when I returned some hours later the sp had gone down!
Yesterday there was a massive decline in VOG shares and the sp closed at 2.7p! I tried to sell some of my TSTR shares to buy more VOG but my Kill and fill order got rejected! Today the sp has gone back up to 2.79p so I would have been in profit! That's the way it goes I suppose!

TriStar Resources

I recently sold a load of TSTR shares and bought more VOG shares. However, with the markets being a bit grim, I sold the VOG shares I bought with the TSTR money and bought TSTR shares!! I sold the TSTR at 0.88p and today bought them at 0.8175p. In the process I got 4000 extra TSTR shares and 400 extra VOG shares all for the same position as I started!
Also there are only 11 trading days left before there should be an RNS from TSTR so I am hoping that my investment will start to pay off. I now have 566k TSTR shares and 200k VOG shares.

Victoria Oil and Gas

Yesterday I took advantage of a little movement in TSTR shares and sold some at a profit and then bought some more VOG shares. This significantly reduced my average sp and although I could have waited until Monday when the new shares hit the market, I have a feeling that the dilution is already priced in. For me, VOG is the share to have my money in as come the end of July, they should have money coming in from sale of gas. The situation on VOG is neatly summed up by ProactiveInvestors of Ausrtralia.
I still have shares in TSTR but they are dragging their feet in delivering an RNS. BMR has moved up a little of late and my experiment to sell and buy back at a lower price failed! Ah well you pay to learn!

Victoria Oil and Gas (VOG)

Victoria Oil and Gas issued an RNS today regarding share placement and draw down of funds. It is dilution of about 4% but it does indicate that in 2 months time the company will be receiving money!! It goes some way to explaining why the share price has been depressed for a few days but if you are able to top up or but in the next few weeks then it could be a very positive outcome.
The new shares hit the market on June 11th so I don't see anything startling happening to the sp in June! However, July may see a build up of buyers in anticipation of the first revenues!

TriStar Resources

TriStar Resources are doing OK these days compared to many other shares! Currently up 15% on no news but when are we going to get some news? Surely we will get some by the end of June as it is long overdue.
I got bored with waiting to buy some more BMR shares and bought some VOG instead. I think that in June VOG is going to switch on gas to customers and start to see the sp rise. So I just bought some more at 3.42p my cheapest yet and bringing down my average. I have nearly 200k VOG shares and my target sell price is 10p. Patience is needed but it is boring!!

Falling Markets!!!

The Euro is falling, the FTSE is falling, all my shares are down!! What should I do? Well I am having a try at selling with a view to buying back at a lower price! Today, I sold 33k shares in BMR for 3.02p at a loss and I am hoping to buy back in at a lower price to acquire more shares.
Will it work? Am I stupid? Well, time will tell, I will keep you updated. I still have more BMR shares but you have to try things in order to learn! I have placed a buy order for 2.7p, if I am successful then I will gain an extra 3000 shares!

Elections!!!

After the elections in France and Greece the markets have dropped a lot and all my shares except PINN and TSTR have lost ground.We are still waiting for the elusive RNS for TSTR!! It may be next week but it may be next month, year, millenium!! Antimony is getting rarer and nthe sooner we know what is happening with TSTR the better.
Interesting to note that PINN have engaged Newgate Threadneedle to do some PR for them as they are part of PTCM. I was invested in them but sold out some time ago at a loss.I shall keep an eye on them!

Berkeley Mineral Resources PLC,continue do do nothing! We are waiting for a JORC and Feasability Study to see where it is going but in the meantime the sp has dropped a lot! I can't see any significant movement in sp until they start selling some slimes and it wouldn't surprise me if this was still less than 6p by year end!

TriStar Resources

The tension is mounting as we surely must be getting closer to an RNS! The sp is rising slowly and the shares I bought last week at 0.79 are already in profit as the sp is currently hovering around 0.84p! The market seems to be subdued at the moment after the elections in France and Greece and lots of shares are down, except TSTR. There has been a lot of press comment lately about shortage of Antimony and a fair amount of comment about TSTR going into production so as soon as it is confirmed via RNS then the sp out to increase! When will it be?????

TriStar Resources

News must be soon for TriStar Resources and so I bought 262k shares yesterday in anticipation. I got the shares at 0.794p and the mid close was 0.81p so I was happy with that. Last year they issued year end results on 26th April so they are a little overdue now PLUS there is still the question of the JORC for Goynuk as a minimum! There are very few shares in free float so given some news, the sp should move well. The trouble is TSTR are not noted for issuing many RNS! They have got better with their website and that is now more informative and more professional but we could do with some news!

Berkeley Mineral Resources

Berkeley Mineral Resources issued an RNS this morning that ought to start the ball rolling a bit! They have now confirmed that they have the Large Scale Mining Licence for 703 hectares around Kabwe.  Masoud Alikhani hopes that they will soon be supplying lead and zinc to world markets. I hope so too as they might start generating some revenue! Seriously though it should be good news and I will be interested to see what the markets make of it today.
After an initial 14% surge, the sp has settled down to around 5% increase for the day. So, good but not that good. Interesting that yesterday there were 4m shares traded and in the first 20 mins today there were 4M shares traded! By lunchtime is was over 7M shares traded so still not a huge amount!
Red Rock Resources also issued an RNS today regarding the sale of interest in Jupiter mines to Anglo Pacific. So RRR have now got some dosh and shares in Anglo Pacific and that ought to improve the sp of RRR
Victoria Oil and Gas updated their website today with details of their progress in March/April. It is all looking very positive and looks as though gas may be flowing in June!!

Bank Holiday!!

Its Bank Holiday in France for May 1st and in London, it continues to be doom and gloom!
Problems with Spain, Lloyds and BP are not helping and with my shares not a lot is happening.
Still waiting for TSTR to issue an RNS on Goynuk, when are they going to do that????? Come on Mr Eyi get your act together and let us know what is in the ground!
BMR are drifting downwards with no news about moving the company forward. Some people are happy that news is forthcoming but how they can be sure of that is beyond me. Until there is some positive money generating news, I don't see BMR doing anything other than range trading.
VOG is a little on the quiet side at the moment, just getting on with finishing off the pipeline I hope and with any luck, come end of May or June we should be pumping gas to customers!
PINN have recently started a forum ,on their website although it is a bit like joining a secret society. I have got past the first step and am now waiting for the next bit!
Redrock Resources have perked up a bit of late but still have a long way to go for me to break even!

I want to sell BMR and TSTR vy end of May and put my money into VOG and something else for the summer. "Sell in May and stay away". I will return in September when the market picks up. However, I will keep a little money to take advantage of anything that comes along.

The world's most boring day until.......

Redrock Resources issued an after hours RNS! Here they updated everyone on their drilling for gold in the Nyanza project in Kenya! They have found gold at about 3g/t in most holes but one hole was over 30g/t!!! So it will be interesting to see how the market reacts tomorrow morning!
Victoria Oil and Gas, TriStar Resources and Berkeley Mineral Resources have all been very boring today and hardly moved at all and there were not many shares traded either. There is an outside chance that we may get an RNS from TriStar Resources tomorrow but I am not holding my breath! For the moment I am quite pleased with the results from Red Rock!

Berkeley Mineral Resources

Berkeley Mineral Resources issued another typical BMR RNS this morning to tell the world that they are delaying the date for the 6p warrants by six months. Yes, you've guessed it, the sp went down! I feel sorry for people with high average share prices because they must wonder when they are ever going to get into a profit situation! I thought about selling some of my holding yesterday for a small profit but thought that the sp might rise today with the expiry of the warrants. If I had sold, I could have bought more shares today and increased my holding. As it is I may have to wait another 6 months for something to happen but now I have 36% of my pf in BMR!

I have just spoken to MA re selling of slimes. He told me that we are in advanced negotiations for selling the slimes once they can be kilned to improve the % of metal. The problem was the cost of transport from Kabwe to Dar es Salaam, which appears to be going up on a weekly basis. The slimes would be sold to the Chinese but unless the % of metal was increased it would be financially unattractive. So we have to wait and see how the negotiations proceed!

Weekly Roundup!!

I have been away for a few days and wondered what I would come back to? Well, 5 RNS but no major moves!!
Berkeley Mineral Resources produced another of their celebrated RNS saying that they would be extending the time for Due Diligence on Chingola tailings. This had the effect of making the sp go down after some good rises last week!
There were 2 RNS from Edenville Energy, 1 being a holdings RNS and good to see Henderson Global increasing their holdings yet again. The other was a mildly positive update on the drilling season in Tanzania. The overall effect was to move the sp up a little.
The other was an agreement between Redrock and Ariel partners for the Migori gold project. Redrock seem to have lots of convoluted deals but what would be nice is if they actually produced something concrete!
I have dabbled with the idea of getting back into Central Rand Gold but at the moment, the situation in South Africa does not look good for investors. Also, I have thought about Caspian Holdings again but again, the situation in Spain is a little difficult. Not easy this investing business.
Sold my shares in Edenville today for a small profit and bought some more Victoria Oil and Gas! I bought these cheaper than I first bought over 2 years ago!! It would be nice to think that at some point this year they hit double figures!
Also the 6p warrants on Berkeley Mineral Resources expire tomorrow night so it will be interesting top see what happens by close of business tomorrow!

Frontera Resources FRR

I sold out of Frontera Resources at a loss today as they appear to be sinking fast! When I bought them they appeared to be a good buy with a refinancing package and gas production underway BUT They have got worse and worse.
With the money from FRR I bought more BMR shares and if they reach my target sell price of 8.95p then I will recoup my losses on FRR! BMR have been up nearly 14% today and the likelihood is that they will rise more in the near future with more RNS being issued.
Tristar Resources have also been doing well today and we just need a RNS to send them upwards above 1p!
I seem to be changing my trading philosophy of late and rather than having a share in every sector I am putting more money into fewer sectors. If it works the rewards are greater but so are the risks! Time will tell but it is part of my learning about share trading. 

Berkeley Mineral Resources PLC

Great RNS this morning from Berkeley Mineral Resources PLC which values the tailings at Kabwe at $1.4Billion!! So definitely a good RNS and yet the sp hardly moved!! It is likely that there may be some more RNS in due course but the level of trading is still too small to trigger any holdings RNS, very strange!
Tristar Resources sp started moving this morning and was up to 0.9p and it can't be too long before an RNS arrives. On no news it is up 5% and it is possible that it could be over the 1p mark very soon. Makes my decision to sell a few and buy some EDL shares on Friday look a little silly! 

Weekly Roundup

Ok, I am still waiting for Tristar Resources and Berkeley Mineral Resources to do something. I got a bit bored on Friday and sold some TSTR shares for a small profit and then bought some Edenville Energy shares! I may live to regret that but it is frustrating waiting. Considering I lost money on EDL recently, I was pleased to buy back at a lower price than I sold so it is possible to recoup some of my losses.
So the view is that this week TSTR will issue a JORC! If it does then I will have made a mistake because it is likely that the sp will be around 1.5p! However, if EDL goes up on Monday I will sell and buy back into TSTR!
BMR continues to promise lots and deliver nothing! Unless they get a grip and start selling something I don't see any likelihood of the sp rising.
There was a little bit of movement on Redrock and Frontera Resources this week but a long way to go before I am in profit.
Victoria Oil and Gas is still meandering on and if I can sell any of my shares at profit then I am going to put the money into VOG and GNC for the summer!
ALR have their AGM soon but I amm not expecting anything to happen with them for a while. Also there seems to be more concern over the Euro and American jobs so all in all, things are not looking ever so bright!

Red Rock Resources RRR

Red Rock Resources issued another RNS today and this time it was GOOD! It was the results of drilling in the Migori project in Kenya and showed some holes with more than 1g/t of gold! It had a beneficial effect on the sp to start with so let's hope it continues and with an update from Columbia due, it could be time for RRR to start climbing. The only fly in the ointment is the market situation over the Euro and USA!
Tristar Resources is still building slowly in anticipation of the JORC on Goynuk. However, it is very frustrating waiting for it to arrive!

Red Rock Resources (RRR)

Red Rock Resources issued an RNS this morning. This seems to me to be a way of raising cash for ongoing Red Rock developments. They will get about $3.8M plus shares in Anglo Pacific Group and this should ease the cash flow for a while.
The markets are down today after the Easter holidays and the poor American job figures. Still no news on Tristar Resources and the company is not noted for keeping its shareholders informed!!
The view is that there may be some news on Berkeley Mineral Resources this week but I think that it is more likely to be next week.
With the way things are going it could be a slow old week this week!!
This year I am going to try to remain more liquid during the summer. The old adage "Sell in May and stay away" is something I wished I had followed last year. So this year I would like to sell what is possible to sell and stay liquid to see what opportunities present themselves! May be stupid but may pay benefits so worth a try!

Berkeley Mineral Resources PLC BMR

At last, we have a meaningful RNS from Berkeley Mineral Resources PLC!!!!
BMR how owns the Kabwe site and has the Large Scale Mining Licence! In addition it is the only the only lead and zinc mine in Zambia it is in a favourable position! Now, I wonder, what will be the effect on the sp!
Also, today, Victoria Oil and Gas (VOG) issued an RNS saying that they had issued some shares as payment for staff and suppliers. They are doing that to progress their position in Cameroon and as I have said before, hopefully the gas pipeline will be complete by end of June!

SP holding firm today but there is a strong possibility that they will issue an RNS tomorrow or Wednesday. There is every likelihood that they have the JORC info from Behre Dolbear and are preparing the RNS for release!

Berkeley Mineral Resources are ticking over and blue today and it is possible that they may issue an RNS by the 20th April. Then again they may not!!!

Berkeley Mineral Resources PLC

Well we finally got the long awaited RNS today!! What a disappointment!!
They have not been able to sell any slimes to anyone! They haven't got the LSML! They haven't got the JORC completed for the whole of Kabwe!!
In short a disaster and as a result the sp fell this morning. There is a considerable amount of shareholder disgruntlement which is matched by some people saying "great I can top up". Both viewpoints are valid but for the long term future of BMR, Masoud Alikhani has to do better!!!

No RNS for Tristar Resources this morning which was disappointing but the sp is holding up well and volume is also increasing! Perhaps we will get an RNS next week, lol!

TriStar Resources TSTR

After a good move on Monday, yesterday was a little disappointing but to day we are on the move again. There was a delayed trade of over 2M shares at 0.94p so someone is confident or knows something! News is not far off and tomorrow or Friday we should have a JORC!!
Berkeley Mineral Resources PLC still rumbles on with no news forthcoming! They have to be the world's worst at communication so I hope when we do get an RNS it will have the desired effect!
Good to see Victoria Oil and Gas (VOG) recovering a bit! From dropping below 4p earlier in the week it is now showing blue with an sp of 4.2p. I would like to see this above 6p by the middle of the year. An RNS saying that the pipeline was finished and more customers were connected and using gas would do wonders for the sp!!
Interesting to note that the Market Size on BMR has changed from 100k to 200k shares!! Why, I have no idea but interesting. 

Red Rock Resources RRR

After my comments in my Weekly Roundup, RRR issued an RNS this morning for its half year results! It was a bit of a mixed picture which at the end of the day was enough to drop the sp!!! Sales of minerals sold were up and profitable but because the value of its shares in Jupiter Mines had dropped substantially, RRR's profitability was down. They see 2012 and 2013 as good for Jupiter and Red Rock so it is a back burner share now. Good price to top up now and forget about.
TriStar Resources, TSTR, on the other hand were up 12% this morning in anticipation of results being announced this week. Lots of volume traded and new people getting into the share hoping for good news this week. Last week the sp was 0.67, this morning it was 0.86p!! Bring on a super JORC this week!

Weekly Roundup!

There are signs that things may be about to boom next week! BMR and  TSTR should both issue RNS next week and both could give a significant increase in sp! TSTR should be issuing a JORC and BMRhave a whole raft of topics to deal with via RNS!! Whether any of it comes to pass is anyone's guess!
VOG went a bit funny towards the end of the week! From reaching 5p, it suddenly started falling and hit 4.18p before recovering a little. Probably people tired of waiting and taking some profit from the week before. The pipeline is nearing completion and in Q2 VOG should be supplying gas to more customers.
FRR and RRR are very much in the doldrums and I can see me holding these for quite some time as there is nothing to indicate anything startling happening in the near future!!!
PINN has been moving up and down a little and it didn't help that they had their air conditioning heat exchangers stolen!! They have offered a series of shareholder events and I think that is good PR so I may buy some more when funds appear!
Looking forward to seeing what happens next week!

Boring!!!

I am still waiting for news on Berkeley Mineral Resources and Tristar Resources but nothing!!! The market or at least my shares seem to be non moving and it is very boring! News is due by end of March so not really much time to wait but boring nevertheless! I try not to get excited about whether there is an RNS out when I get up, in the morning but it is disappointing to find one has not been issued!  Still there's always tomorrow!!!
Today a very interesting broker note was published on TSTR suggesting a target price of 3.8p!!! Looking forward to seeing a JORC RNS soon!

No News!!

Yesterday was a boring day really. Although I didn't really expect any RNS it would have been nice. BMR and TSTR are due RNS and all things being equal the sp should improve. Which one will be first or will they come together like buses??
The sp on TSTR did move into the 0.7s so that is an improvement but a decent RNS should send it over 1p!
I am trying hard to resist the temptation to trade before an RNS appears but it is very difficult. Yesterday, I tried too sell TSTR to put into BMR but was unsuccessful. It is probably for the best but frustrating all the same!

I couldn't help myself!!! I sold the TSTR shares I bought the other day for a small profit and bought BMR  shares at 4.7p ! That probably means that TSTRwill have their RNS before BMR!!

Weekly Roundup

Firstly, I was rather surprised yesterday to get something spot on correct! Normally I sell too early or buy too high like lots of PIs but yesterday I sold at a peak! For the fourth time I had bought Central Rand Gold CRND shares an at the start of trading they appeared to be on the move so I put in a limit bid of 1.25p just for 1 day. About an hour later the order had been executed and I had sold for 1.251p, the high for the day!
Then I might have made a mistake! I was  torn between buying BMR, TSTR or CSH and finally settled for TSTR. However, I could have bought either of the other 2 and made a profit in the day and then bought TSTR at the end of the day! It is so much easier in hindsight!
I get the feeling that there is quite a lot of bullish sentiment in the market at the moment and next week I am hoping to sell all my BMR shares if we get a decent RNS and the sp hits 8.95p! Is that likely? Well it all depends on the RNS! Certainly people on the BBs are getting very excited but I am remaining cautious as things don't always go the way you expect.
In the next 2 weeks we should have a good RNS from TSTR and if the sp hit 1.5p then I would sell although I think with the right JORC RNS the sp could hit 2p!
I am then planning to buy Caspian holdings CSH and VOG with any profits. VOG is getting more and more press coverage and they are getting closer to completing their pipeline into Douala. Once that is complete then more customers will sign up and start taking gas.Also ther have been rumours of VOG selling some of its Russian business so I see it as a solid investment.
The next 2 weeks will be very interesting; I hope!!

TriStar Resources

I sold my Central Rand Gold shares this morning and tried to buy some TSTR. The indicated prices were 0.67/0.68p but TD Waterhouse wanted 0.7p as a Market order so I did a Fill or Kill order at 0.6p and got them at 0.678p so I was very happy. It reduces my average price to 0.83p and we should have an RNSby end of March so I am hopeful of making a profit soon. I now have over 500k shares so it would be nice to think the sp got to 2p on a good JORC but I am not holding my breath.
Berkeley Mineral Resources BMR are starting to bubble and were just over 5p yesterday before closing at 4.8p. There is a meeting of the Zambian CPPC today and if the Large Scale Mining Licence is transferred then the sp ought to improve. BMR issued an RNS today regarding warrants being taken up, not a large amount but an indicator that further RNS are about to appear.
My dream scenario would be for BMR to pop and me to sell and put into TSTR.  Then for them to pop and put into VOG. Then for then to pop and put into CSH!! Dreaming, I know but you never know!

Victoria Oil and Gas (VOG)

Well yesterday was slightly disappointing as the sp went to 5.05p then finally closed at 4.43p! However, that is better than it has been all year so mustn't grumble. There were 114M shares traded and obviously, interest in VOG is building. Share prices never move in straight lines so if this is part of a steady rise to double figures I will be happy.
Berkeley Mineral Resources continue to wait for an RNS and the sp is doing very little really. The same can be said for Tristar Resources, where the sp remains flat regardless of what else happens. Both companies are due RNS by end of the month!

Victoria Oil and Gas (VOG)

What a day yesterday! The sp closed at 4.05 on Monday and yesterday the sp touched 4.75p  before closing at 4.61p. 68M shares traded and on no news just info in the press. I hope the upward pressure continues and we get to double figures soon! The only fly in the ointment is Jack Grynberg of RGM! RGM had a stake in the operations in Logbaba but refused to pay its share in the costs to develop the resource and as such forfeited its share in the Logbaba operation. Now that it is up and running and selling gas RGM have gone to arbitration on the matter.Mr Grynberg is well known for his litigation and it is an unwelcome distraction at the moment.The coming days and weeks will tell whether it is serious or not.

Weekly Roundup

Its been a funny week really, with lots of pent up excitement but not a lot actually happening.
Everyone is still excited about BMR and when they will release a string of RNS but I can't see it for a week or two yet. As a result the sp has been unexciting with opportunities to top up if you have the cash!
On Friday there was a lot of trading on VOG with over 59M shares traded! Apparently there is supposition that they may be selling their Russian oil business! We will have to wait and see but it could be interesting as Dragon Oil just pulled out of its bid for Bowleven.
A slight rally on the TSTR front as there is only 2 weeks before they are likely to issue a JORC on the antimony at Goynuk.
Also PINN has been holding up well and many people expect the next set of results to be very good as a result of the Olympics!

Caspian Holdings CSH

Bit of sp movement today so I took the opportunity to sell my CSH for the moment and bought some more BMR shares. I am hoping that BMR is going to move north a little and then will get back into CSH. I think by mid April CSH may have something to report on its drilling at La Parilla mine.
BMR is supposed to get its large scale mining licence soon but I am not holding my breath!

A Day of RNS

Yesterday my inbox was assaulted by RNS!!
The first one of interest was from Berkeley Mineral Resources PLC. This should have been a JORC RNS as Masoud Alikhani said that a JORC on Kabwe would be issued by end of Feb! It wasn't!!!!!!!!!! Instead, all we got was more jam tomorrow tosh! The slimes are supposed to be sold in Q1 but I am almost certain that there is no way they will be sold in Q1 and if that is the case then more fairy stories from Mr Alikhani!

The next one was from Tristar Resources and was interesting! They reckon that there is sufficient evidence of antimony to be able to continue to a Bankable Feasibility Study for a roaster in UAR. Whilst this is good news in itself; it means that when a JORC RNS is released then it should be good.


Next was and interim financial statement for Victoria Oil and Gas (VOG) and they main points here were post period developments. For me the key statement was "I believe that 2012 will be a year of major developments for the Company as we make the transition from explorer to producer and generate positive cash flows." so maybe 2012 will see VOG get into double figure on its sp

I also had RNS from Red Rock Resources and Alternative Energy Ltd, both dealing with equity. The RRR one immediately depressed the sp!!

So could be some interesting times in the next few months but it is all going a little too slowly for me!

Porta Communications PTCM

The sp is dropping and so today I decided to bite the bullet and take a loss and get out of them. Maybe they will come good. Anyway not my problem now. I have put my money into Central Rand Gold again so am looking to recover some of my losses here. Time will tell!

Berkeley Mineral Resources PLC BMR

At the AGM of Berkeley Mineral Resources PLC, Masoud Alikhani stated that an RNS would be issued covering a JORC for Kabwe by the end of February. So by this time next week we should have an RNS telling us the % mineralisation of the dumps at Kabwe. All things being equal, this should raise the sp. Then in March, there should be another RNS telling us about the sale of slimes as these are supposed to be sold in Q1 and again this should have a positive impact on the sp So in the next 5 weeks we should see a change in the sp of BMR and who knows, possibly new highs. However, if the sp gets anywhere near 9p I will be happy.

Pinnacle Telecoms PINN

Great RNS this morning from PINN. Basically

  110% increase in operating profit (2) to £165,299 (2010: £78,647).

·      67% increase in positive EBITDA (1) to £249,880 (2010: £149,379).

·      18% increase in gross profit to £2,464,529 (2010: £2,089,457) a rise of £375,072.

·      60% decrease in the loss for the year (3), falling to £98,305 (2010: £246,072).

·      29% increase in turnover of £1,913,546 to £8,522,079 (2010: £6,608,533).

·      740% combined turnover growth since 2007.

·      84% of turnover now relates to recurring and contracted revenues (2010: 81%).

so it will be interesting to see what happens to the sp today! For a small company, they now seem to be on the way up via acquisitions and good contracts.

Weekly Roundup

A reasonably good week this week but still opportunities missed. Using my gains from CRND and Aminex I bought more shares in BMR thinking that it might make some gains but instead it fell more! It would have been better to but some shares in FRR at 1.09 and then have sold then at 1.3p yesterday. However, as my av is 2p I was reluctant to buy more. Lesson learned is that you can trade below you average to gain more shares and bring your average down.
I am still looking for BMR to do something but am not holding my breath! I will give them until the end of March and then take my money elsewhere. I want to use any profit from BMR to buy shares in Greencore group who are doing well at the moment and having shares before half year results in May/June should enure I picked up a dividend.
There was a bit of a boom in Red Leopard just before close of business and I took the opportunity to sell my shares.
For me, the big news is Tristar Resources! They are likely to issue a JORC towards the end of March and they have a super amount of antimony at Goynuk and once the JORC is confirmed I see no reason why the sp shouldn't be over 1.5p. However, if it was that easy the shares would be higher now!

Trading today!

Had a bit of a session trading today! First CRND issued an RNS so the sp went up alittle and I did my first Fill or Kill order to day and sold my CRND.  Then I noticed that Aminex AEX were doing quite well so I bought some and then sold 20 mins  later at a small profit! Then I bought some more BMR shares with the proceeds and there the trading spree ended!
The share price dropped a little and I bought at 4.9p but it hasn't got over 5p in order for me to sell again! If I can sell my BMR shares then I will get back into CRND as it seems to be an ideal trading shares. Each time I have increased my holding on buying and increased my profit on selling! Also CRND are set to  up their production of gold and with the price of gold rising, that has got to be good!

Tristar Resources TSTR

Well after a very long wait, finally a super RNS today. Not a JORC but drill results showing good levels of antimony across quite a large area! One hole showed 7.1% antimony and they are looking for an independant assessment by the end of March!
Before opening this morning the share price was 0.77p/0.87p so it will be interesting to see what happens today! This is a share that does not have many shares in public ownership and if the RNS is anything to go by then it is going to be doing very well in the near future.

Central Rand Gold CRND

Well I have had a busy day here! I bought some this morning, sold them this afternoon and then bought some more cheaper later in the afternoon. In effect, I have increased the number of shares for the same investment. OK some may say that if I had stayed put then I would have more profit but it is just a valid view that's different from my own. If there is a good RNS soon then this could hit 1.5p and above and the momentum seem to be building. At the end of the day it makes me feel good as I have been successful! Better than watching the sp rise and then watching it fall again.
Another shares that is doing well id Greencore and I wish everyone well with that! I sold at 62p and today it is 71p so anyone in GNC at the moment has a smile on their face.

Porta Communications PTCM

Has hired another executive and issued an RNS today. I think all the impetus has gone out of the BBs as noone has much to say. Everyone just waiting for some positive statement that might have an effect on the sp

Berkeley Mineral Resources BMR issued an RNS yesterday that was pointless really saying that things were progressing with the Alberg mine purchase. It would be better to say we have purchased it, full stop. As a result the sp fluctuated a bit which enabled me to sell my CRND shares and buy some more BMR shares. I am going to be trading BMR as often as possible now as I can't see the rapid rises that some people are suggesting. Better to make a little profit everyday than wait for the BIG one!
Sold some more BMR this morning so will wait and see what opportunities present themselves!

Berkeley Mineral Resources PLC, BMR

Whilst some posters have said that the Zambian mining moratorium has been lifted I can find nothing on the web to confirm this! I have found this link and have asked a question as to whether anyone knows. I don't expect any RNS for another couple of weeks except perhaps holding RNS but I could be wrong. In the mean time there is an opportunity to trade the share for the brave!
So I sold some of my holding and bought some Caspian Holdings PLC (CSH) shares! They issued an RNS this morning stating that they had an option to buy the La Parilla Tungsten mine in Spain!
The historic mine resource estimated by SRK in 2008 is 36.0m tonnes at 0.09% WO3 making it one of the largest tungsten deposits in the western world. Tungsten is a valuable metal and they will be processing tailings dumps so not dissimilar to BMR!

Tristar Resources TSTR

I sold the BMR shares I bought when I sold my TSTR shares about a fortnight ago, made a profit and bought back some more TSTR shares. I think TSTR are going to get a n RNS next week so best be prepared!
Whether I have made the right decision only time will tell but if TSTR lifts off before BMR then I can buy more BMR shares, I haven't lost any money so all is good
Also my Central Rand Gold shares I bought yesterday are already in profit and if we get an RNS next week from them, then lift off!

Central Rand Gold CRND

Bought into Central Rand Gold CRND this morning after a tip from a friend. They appear to be due a rerating soon as their mining was suspended in S Africa but now that has been changed so that they have leave to appeal the stoppage of mining. Currently trading at just over 1p, they have been up at 14p a year ago and I am looking to make a profit here in the near future!
Berkely Mineral Resources is doing reasonably well at the moment, just waiting for an RNS. I think if one does not come then there is an opportunity to trade the share until it arrives!
I sold my Greencore Shares to put more money into BMR, I am hoping to get back into greencore in a bigger way with future profits from BMR. However, GNC shre price is slowly creeping up so I may have to be careful. I want to go back with about 5000 shares! We shall see!

Edenville Energy EDL

Edenville Energy EDL issued an RNS today that was staggering! They are raising more money for drilling by issuing 1 billion shares at 0.25p each!! They will then have 4.4 billion shares in issue. I sold mine at a £2000 loss and put the money straight into BMR in the hope that I might recoup my money there!
BMR are rising steadily and I am now in profit and if the Zambian Government lifts its mining moratorium today we could see an RNS soon that will lift the sp more! 

Pinnacle Telecoms PINN

Great RNS this morning from Pinnacle Telecoms PINN saying that they have a contract to supply the BBC with services for the Olympics and Paralympics this summer! The sp was up 25% after the first half hour but not enough for me to break even, still we live in hope!!
News is expected from TSTR and BMR soon and at the moment I am in profit with BMR but looking for a big boost before I sell! We are waiting for a JORC on TSTR and since the change of CEO there has been more movement with the sp.
I feel that there has been more investor confidence in the last 2 weeks but how long that will be sustained, I don't know!

Exciting Times!!

Good news for USA yesterday and the market now seems to be very buoyant! I could have held my LDP longer as today they were 0.55p!! However, today there was an RNS from BMR regarding Masoud Alikhani buying more shares. This lifted the sp to start before it settled back down to a small rise. The key point is the ending of the moratorium on mining in Zambia at the end of January. The view is that the sp will rise then!
All of a sudden today there was a surge in the sp of TSTR and it hit 0.9p so I sold some of my shares and bought some more shares in BMR. There was no reason for the rise but hopefully we will get some news soon.
Finally, Greencore Group GNC changed from being listed in Euros to being listed in Sterling. It didn't make any diffenece to the sp but it did put us top of the LSE list with a rise of 8346%!!! I wish!

Alternative Energy Limited ALR

I haven't mentioned Alternative Energy Limited for a while but today they issued an RNS saying they were issuing more shares to raise capital and also that they had had more patents approved. The good news was they also stated that they were selling their LED lighting systems. I see this as a growing market and if they can capitalise on this soon then there could be some upside.

Berkeley Mineral Resources BMR

There was a bit of movement on the BMR front this morning so the money I got from selling LDP yesterday I put into BMR! It lowered my average a bit and as the sp was up 10% so I may even breakeven soon.
I was reading my local paper at lunchtime and it was commenting on gas exploration in Poland and the fact that it could be huge. So I googled gas in Poland and a company I have heard of is looking for gas in Poland. That company is Aurelian AUL, so if I make any money on BMR it will be going into AUL as it could be a monster in the future.

Porta Communications PTCM

Interesting RNS from Porta Communications this morning stating that they have acquired Hansard Communications. The deal is a cash and shares deal and as a result the sp went up a little this morning. It is good to see but I have a long way to go to breakeven (22p) so I am not getting very excited at the moment!

Shares in Leeds Petroleum, LDP are doing well and have been climbing steadily for a few days now. There is no solid news just some expectation. I don't have many shares and am now just in profit but need a lot more to hit my sell price! At least something is looking good! Decided to sell today at a small profit. At the end of the day, its better than in the bank and a profit is a profit!
Should have waited until the end of the day as the sp was up to 0.45 and I sold at 0.29p!! Still that's trading!
Only a few more days to go now before Greencore changes its trading and currency, they are my favourite holding at the moment and I am looking to top up at any opportunity!