Viridas PLC (VIR)

I decided to sell my GMA Resources shares yesterday as I didn't see any likelihood of them going anywhere soon. I took a small loss but that is a calculated risk.

I picked up some vibes about Viridas PLC on the BBs and put my money in there. I bought nearly 250k shares at 0.35p each. Viridas is a company that did have an interest in Biomass products in Brazil but was not doing very well!
On May 10th they basically changed the company, issued new share capital and are now into investing into permits, licences, joint ventures in Africa, South America, Australasia and Eastern Europe. Obviously early days yet but could be one to put away and forget and then when they do do something I might have made some dosh. On the other hand it may fare as well as the last exercise ie badly! We will see

Good RNS

This morning I had 2 RNS alerts. The first was for Pinnacle Telecom stating that they had won the contract for the Women's Open Golf Tournament. This was another step forward and itwill be interesting to see their interim results which will be out in June.

The second RNS was for Greencore Group which was their Interim Results and these showed a 7.9% growth in sales and 1.7% growth in profit.They had also reduced their bank interest debt by 30% so not a bad result.

It will be interesting to see how the sp of these 2 companies is affected today!

Just had an RNS for GMA Resources, not too exciting as they have issued 5M shares to  cover a loan issued in 2007. Small dilution but I amkeen to find out what affect that will have and why it was converted now!

GMA Resources

I bought into GMA Resources yesterday and am waitingfor year end results at the end of June. They are producing gold in Southern Algeria and with the increase in the price of gold, I am hoping that they have made a profit. The sp has been a lot higher but they have made losses for the past few years. The sp was 5p not so long ago and I bought at 1.4375p so a rise over 2p would suit me nicely.

This morning we had a letter from VOG on current position. It was all very positive and for a few momentswhen the market opened, the sp went up then went back down again. I am still holding out for my 10p sp but I may have to wait until they start selling gas which will be in Q4.