Tristar Resources TSTR

Super RNS from TSTR this morning! They feel able to recover gold in their proposed roaster at the rate of 35gmw/tonne on a 500,000 tonne/annum basis! I am looking forward to seeing how they progress in 2014.
Berkeley Minerals BMR posted info on their media centre that they are starting testing their leaching and copper cementation plant so at last they are doing something.
Interesting that nothing has happened to either sp so no big excitement for Christmas.
Could 2014 be a good year?

Berkeley Mineral Resources BMR

I haven't posted for a while due to illness but now BMR entered into an agreement with a Chinese company. On the face of it, this is good news as it should enable BMR to process the ore in Zambia and no doubt the Chinese will want a bit more action than we have seen so far! The AGM is on the 23 Dec and I have another appointment on that day otherwise I would have liked to have gone. I hope something positive comes from it as the sp is currently languishing between 2 and 2.5p. All the talk of generating loads of revenue has been just that - loads of talk! Be nice if the sp finished the year above 5p but I am not holding my breath!

Victoria Oil and Gas  VOG have had the result of the arbitration so now Mr Grynberg should be contributing cash or he will be in default! The sp has started to move slowly north but it has a long way to go to get to my exit point of 10p!
Tristar Resources TSTR are building up for some excitement in 2014 if they everything signed off in Oman. Emin Eyi has moved out to the Middle East so I expect to see the sp move up in the new year.

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!