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. 

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!

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!

Weekly roundup

Things appear as though they may move in the right direction.Frontera Resources FRR have moved this week and closed at 1.3p whereas it has been around the 1.1p mark. Berkeley Mineral Resources BMR have also moved and are now over 3p which is good news although the sooner I get out at  a profit the happier I will be! I don't have much confidence in their management ability. Leeds Petroleum LDP has also moved up  and is starting to look promising. Tristar Resources TSTR has also moved above 0.8p! However, all the shares have moved on no news so it could easily go the wrong way just as quickly!!
Next Friday is the change of currency and listing for Greencore GNC so I will be interested to see how that goes particularly as the Euro is suffering a lot at the moment!
I have about 5 sell orders in so I will keep you updated as to whether any of them bear any fruit!

As the world holds its breath

The summit of EU ministers is supposed to solve the Euro crisis today and everyone seems to be poised waiting for a positive outcome. This morning I had RNS from Greencore, Frontera and Tristar.
The news from Greencore was not very exciting, just detailing the number of shares in issue. Hopefully we will hear more news of the takeover bid soon although this article in the Telegraph suggests it is a mystery! The Irish Times was also carrying the story and they seem to indicate a management buyout could be on the cards!

Frontera Resources gave an update on their Mtsare Khevi oil well and they have found more gas which is good news. Unfortunately it doesn't seem to be reflected in the sp very much so I am still waiting to make a profit there!

Tristar Resources gave another update for their Goynuk antimony site and to be honest, the results were not going to set the world on fire! So back to waiting and wondering what will happen in Euroland!

Good start to the week!!

This morning I have had 3 RNS, from TSTR, RRR and PINN.  The good news was from Tristar Resources where they have had environmental clearance for their antimony roaster in the UAE. This is a small but necessary step in the road to becoming an antimony supplier.

The RNS for Red Rock Resources was concerning their stake in Jupiter Mines. Jupiter are commencing a share buy back and Red Rock are not selling any of their shares. The buyback is seen as being good for Jupiter but it is the production royalty that RRR are interested in more the an improving share price.

Finally the RNS from Pinnacle Telecom was about the issue of more shares and I don't see that as good news!!

However, the market seems to have opened on a positive note today and many of my shares are showing that their sp are rising today, notably VOG, FRR and TSTR. It would be nice to think that VOG finished above 4p today, that FRR finished over 2p and that TSTR finished at 0.9p!!! We will see

Frontera Resources FRR

A nice RNS this morning from Frontera Resources FRR . Basically they have found a lot more gas at the Mtsare Khevi gas field, in fact, 5 times more than expected and they are only 10km away from gas network. The sale of the gas will provide funds to continue with the expansion of the development. The big question is, what effect will it have on the sp????? 
Also interesting to note that the price of gas is between $4 to $6 per mcf compared with $16 that VOG are getting in Cameroon!!

Greencore Group GNC

This afternoon Greencore issued an RNS stating that the offer for UNIQ was now unconditional, so now there should be 20 days before everything is signed, sealed and sorted. Greencore's results are due on Decemeber 6th and I hope that will be a nice Christmas present!

Despite all the doom and gloom yesterday in the markets, VOG, TSTR and FRR held up reasonably well. Just one week to go before TSTR issue their interim results and I hope the sp goes up a lot!!

Frontera Resources FRR

Good RNS from Frontera Resources FRR this morning showing that they have drilled a well and found some oil and are commencing drilling their next well soon. It is a dire day on the markets today but FRR is holding reasonably well. VOG is hovering around the 4p mark and TSTR seems to be doing all right.

As soon as I sell my next lot of shares I am going to buy more GNC and think about re-investing in GKN. GKN was the first share I bought and has been up to 240p but as the FTSE has dropped it is now down to 174p. If there is another global recession it will drop further but if there are any signs of a recovery, particularly in the motor industry, then GKN will be back over 200p again.

Victoria Oil and Gas VOG

Well an excellent letter to shareholders this morning from Kevin Foo! Gas due to be delivered imminently in Logbaba and increased value at Logbab and West Med. The mistake I made was instead of buying FRR yesterday I should have waited and bought back into VOG last night! I could have bought at 3.8 and after 10 minutes this morning the sp is well over 4p!! Still its all a learning experience and I did get nearly 8000 free shares from my 2 trades. Well done Mr Foo and VOG

Frontera Resources FRR

There was a bit of a flurry this morning so I sold 142461 VOG shares so that leaves me 150k shares. Made 95gbp in 2 days so am happy with that. I hope that I may be able to buy in again if the sp falls.

So with my VOG share money I bought some Frontera Resources FRR shares for 2.049p.  This company is exploring for oil in Georgia and seems to be fully funded.In June they were at 6p so it would be nice to see them return to that level.