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.

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!

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!!

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!