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?

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!

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!

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!

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!

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.

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.