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?

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!

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!

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!

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!

Orogen Gold (ORE)

I took the opportunity this morning to sell the TSTR shares I bought on Friday for a small profit and then set about trying to buy either BMR, RRR or VOG. I didn't have any success with my Fill or Kill orders so I took some time to see  what else was suitable. Eventually I settled on Orogen Gold (ORE) as I had been in these in 2011. At that time I bought at 0.83 and sold at 1.03. Today I bought some at 0.608p and am looking forward to an RNS shortly on their latest drilling at Deli Jovan.

It would be nice to get an RNS next Monday but like everything, who knows.
This is an interesting link regarding the site at Deli Jovan

Berkeley Mineral Resources PLC (BMR)

I was undecided this morning as to what to buy; Laura Ashley with results due Thursday, Physiomics who are moving well or top up in Porta Communications. So when I switched on my computer, I noticed a lot of talk about Berkeley Mineral Resources PLC who had just issued an RNS about acquiring mining rights in Kabwe, Zambia. The consensus was that the sp was going to rocket so I bought some. I should have waited until after the dust had settled as I paid 8.8p and the price dropped soon after to 7.5p. Now I have to wait several months in order to sell at a profit. I was hoping for a quick profit today but no luck!!It is likely that they will start selling lead and zinc after about 2 months so until then its just patience and don't be so impulsive!!!

Then Orogen started  to move and as I don't have that many I decided to sell at a small profit. I put this money straight into Physiomics (PYC) and bought at 0.55p This is a key player in developing manufacturing for the drug industry and has just signed an agreement which should push the sp up.So I still have nine shares but now need to buy into the basic materials sector to have a complete spread.

Asia Digital Holdings PLC (ADH)

Well I couldn't contain myself yesterday and sold my Asia Digital Holdings PLC (ADH) shares for 33% profit and then sold some of my Orogen Gold ORE shares as well. I should be more patient but... Today Asia Digital Holdings PLC (ADH) went up to just over 1p so if I had held on I would have made more but I am happy with my profit and I have re-invested the money.
 Yesterday I topped up my ValiRx plc (VAL) shares so I now have 100k shares and today I reinvested in  Edenville Energy EDL as they had some news out about acquiring some more coalfields in Tanzania. I put a limit order in for 1.85p to make a quick day trade but I think it is unlikely the sp will get there today. I was hoping for my first day trade but it is not to be!!

Failure!!

I don’t seem to be able to buy on the retrace!! After selling my TSTR, the price dropped a little so I tried to buy back in but was only able to buy on a negotiated trade. I thought I would be able to buy later in the day but not only did it stay on NT all day but the sp went up to 1.2p before ending at 1.12p!! So, good lick to all holders of TSTR, I hope it goes up soon. I made a profit and there is no such thing as a bad profit!!

At the end of the day I topped up my Orogen ORE shares at 0.809p and bought some Asia Digital ADH shares at 0.65p. The prices were good because the market was in a dreadful state after the Japanese earthquake and the situation in Libya, both human tragedies!

Tristar Resources TSTR

I have just sold my Tristar Resources TSTR shares for 1.1115p making a small profit. Following my rules that I am formulating, sell in the morning and buy in the afternoon. So I am resisting the temptation to buy some more shares now and I am going to wait for later on this afternoon. If I can buy TSTR back at a cheaper price then I will. Otherwise I will buy Asia Digital ADH, or top up my ORE or PTCM shares. More news later!!

BATM Advanced Communications BVC

This morning was the year end results for BATM Communications. I checked onto the LSE site at 9.00am French time and saw that there was an item of news for BVC. I clicked on it and found a report from Reuters that BATM results were not good and they were not going to pay a dividend!! So I quickly got onto TD Waterhouse and sold my shares. I made a loss of £24 but that was a relief as the sp fell below my sell price and the likelihood of it improving soon is not great.

I was then able to put that money into Orogen Gold (ORE) where I bought some shares at 0.96p. I have been following these for quite a while as MVC but they changed their name today so I thought that might be an omen!!