Elections!!!

After the elections in France and Greece the markets have dropped a lot and all my shares except PINN and TSTR have lost ground.We are still waiting for the elusive RNS for TSTR!! It may be next week but it may be next month, year, millenium!! Antimony is getting rarer and nthe sooner we know what is happening with TSTR the better.
Interesting to note that PINN have engaged Newgate Threadneedle to do some PR for them as they are part of PTCM. I was invested in them but sold out some time ago at a loss.I shall keep an eye on them!

Berkeley Mineral Resources PLC,continue do do nothing! We are waiting for a JORC and Feasability Study to see where it is going but in the meantime the sp has dropped a lot! I can't see any significant movement in sp until they start selling some slimes and it wouldn't surprise me if this was still less than 6p by year end!

Porta Communications PTCM

The sp is dropping and so today I decided to bite the bullet and take a loss and get out of them. Maybe they will come good. Anyway not my problem now. I have put my money into Central Rand Gold again so am looking to recover some of my losses here. Time will tell!

Porta Communications PTCM

Has hired another executive and issued an RNS today. I think all the impetus has gone out of the BBs as noone has much to say. Everyone just waiting for some positive statement that might have an effect on the sp

Berkeley Mineral Resources BMR issued an RNS yesterday that was pointless really saying that things were progressing with the Alberg mine purchase. It would be better to say we have purchased it, full stop. As a result the sp fluctuated a bit which enabled me to sell my CRND shares and buy some more BMR shares. I am going to be trading BMR as often as possible now as I can't see the rapid rises that some people are suggesting. Better to make a little profit everyday than wait for the BIG one!
Sold some more BMR this morning so will wait and see what opportunities present themselves!

Porta Communications PTCM

Interesting RNS from Porta Communications this morning stating that they have acquired Hansard Communications. The deal is a cash and shares deal and as a result the sp went up a little this morning. It is good to see but I have a long way to go to breakeven (22p) so I am not getting very excited at the moment!

Shares in Leeds Petroleum, LDP are doing well and have been climbing steadily for a few days now. There is no solid news just some expectation. I don't have many shares and am now just in profit but need a lot more to hit my sell price! At least something is looking good! Decided to sell today at a small profit. At the end of the day, its better than in the bank and a profit is a profit!
Should have waited until the end of the day as the sp was up to 0.45 and I sold at 0.29p!! Still that's trading!
Only a few more days to go now before Greencore changes its trading and currency, they are my favourite holding at the moment and I am looking to top up at any opportunity!

Greencore Group GNC

After I saw on the news last night about food poisoning from Loyd Grosman sauces, I checked that they weren't made by Greencore! Phew!! Today I found some info from KBC Bank which was interesting to read. The general gist was that it is likely to be a management buyout but who can say. At the moment it is showing as the only blue share in my pf so that can't be bad.

Porta Communications seems to have settled a bit and is currently trading at 10p so could do with it pushing on to get over 20p so I can breakeven!!

Weekly Roundup

It has been a tumultuous week on the world markets this week with the on-off Greek referendum and the FTSE closed down on Friday night. However, on Friday night all my shares except 1 finished blue!!

The great news was the big improvement in Greencore Group sp which finished at €0.79 which now puts me in profit. I hope the momentum continues next week and that we get some news of the proposed takeover soon. The following is an interesting link  but it not suggesting anything new.

Finally Victoria Oil and Gas is on the move northwards and hopefully for good! The sp closed up at 4.31p on Friday as the days are running out before the first gas is supplied to real customers, who then start paying!!! The VOG website was updated and showed the latest progress   and I envisage that gas will start flowing in December ie in about 4 weeks time VOG will be a supplier rather than an explorer!

Next week is the AGM and consolidation of Porta Communications shares. The likelihood is that some new acquisitions will be announced and it would be nice to think the sp goes up but my experience is that when consolidation takes place the sp drops. I still need the sp to reach 22p from its consolidated level of 11p to breakeven so I will be waiting a lot longer.

Red Rock Resources started  little rise on Friday and finished at 5.15p but if we get a good Columbia update next week then we should see the sp continue further north. The companies that RRR have an interest in Jupiter Mining, Ascot Mining and Regency Mines were all up this week so it is beginning to look more hopeful.

Edenville Energy issued an RNS giving an operational update and broadly are aiming to produce a JORC before the end of December! Net result: sp went up a little!

As we get into the more dynamic time of the trading year, I am looking to see more rises and that I can sell some shares and make some money!!!

Big news today!!!

I was pleased to see 2 RNS this morning, 1 from PTCM and the other from Red Rock.
Porta Comms have come out of suspension and started trading again and they are consolidating their shares 100:1 and that is likely to take place on the 8th November! So I currently have 1.6M shares and after consolidation I will have 16k shares. It doesn't make any difference to the value I hold but does make it more attractive to Institutional Investors to invest in the company. They are also raising more money to continue building the company.

Red Rock Resources also issued an update for their Columbian gold mine at El Limon. In the last quarter they made big strides in raising output , quality and sales of gold. So well done RRR.

Also I bought some more Berkeley Mineral Resources shares BMR, as there is a likelihood that they may get some news about the licence for their mine in Zambia. Time will tell but I made a loss when I sold out of them and have now bought more shares for less money so if they were to get back to my original buy in price I would be making lots of money!!!

Volatile market!!

Its been a grim week on the markets and as a result it has been very volatile, down on Tuesday and up on Wednesday!! My pf is looking pretty grim despite some good RNS from Edenville and Pinnacle but I am still 30% down and waiting for one or more of my shares to BOOM!!
It is the presidential elections in Cameroon on Sunday 9 October so with any luck VOG might improve after the elections are finished. I don't think the outcome will have any impact on VOG but it will remove some uncertainty in the minds of investors.
I am waiting to see my dividend from GNC hitting my account any day soon and looking forward to the next divi as I will have considerably more shares!
PTCM is still suspended and it will be interesting to see what the sp is after they start trading again. I would be happy if they were trading in the 0.20's  and there is some talk of consolidation of share value, possibly 100 or 50 times! We will have to see.

Porta Communications PTCM

After a long wait, we have got an RNS at last! In fact, 2 RNS!! The first on was that trading was being temporarily suspended and the second was news of an acquisition. PTCM are taking an 80% stake in Threadneedle Communications. The deal is a reverse takeover and is therefore subject to various AIM rules so it will be interesting to see what happens when trading resumes. For the moment it is good news.

Only just over a week to go before news of TSTR, when they publish their results I am hoping for at least a rise above 1p. The sp has slowly been starting to build and I hope that continues up to the results.

Is this a double dip?

Lots of shares all over the world going down over the last few days. My pf is now showing 40% loss but time to hold tight and hold your nerve. It's not a loss until you hit the sell button. VOG down to 3.5p which is crazy given that pipeline is being laid and gas will be delivered in Q4! I feel tempted to buy some more but will wait until after my holiday next week. I have the funds for my Greencore RI but I feel like putting in a crazy buy order at say 2.98p for VOG and if it actions, great; if not well I haven't lost anything.

PTCM has fallen to 0.1p which if you had no probl em with dosh would be a good speculative buy. TSTR has just dipped under 1p again and it seems that the Euro, Italy, Llotds bank etc is driving people away from equity. Next year I think I will sell in May and go back in September, like the old adage.

Tristar Resources TSTR

A new RNS today where they have entered into a Memorandum of Understanding(MOU) to create a joint venture antimony processing plant capable of prducing 20000 tonnes of antimony pa, that's $320M pa!!!! OK there will be some dilution to fund the project but in the longer term this is a good move.

By contrast Edenville Energy is going from bad to worse and although theey have started drilling thee sp was down to 0.45/0.46p this morning and it was the top traded share yesterday and today. It seems that there are rather a lot of shares in issue and many of them are warrants of 0.02p each! If I am to make a profit here I am going to have to wait a long time. I should stick to my maxim of never going back to a share after I have sold out of it!

Porta Communications have changed some board members and news of an acquisition is expected by end of year now!! This did not do much for the sp and again this is looking more and more like a long term bet!

Weekly Roundup

Well, it's been a bad week in the markets with the Greek debt crisis. My portfolio is down 30% as are many other peoples'. I just read an interesting article stating that a number of hedge funds are going long on gold and short on gold miners! There was a similar situation to this in 2008 and it recovered about 7 months later. I am not panicking and not selling any shares at a loss as I don't need to realise the cash at the moment.

June is the month when there should be news from a number of companies and there is only 2 weeks left so I am hoping for a little excitement soon. I am expecting news on PTCM, PINN, BMR and RRR are committed to giving an update RNS every fortnight!

VOG is slumped down around 4p when it should be approaching 7p but in Q4 the situation should improve dramatically. It is interesting to note that Cameroon are keen to develop industry in the country and for that VOG are well positioned to supply gas for factories and homes.

Recovery day today!

No RNS from BMR this morning but a little bit of blue from VOG and PTCM and then just now an RNS from Edenville Energy saying that UBS had bought 228M shares, 6% of the company. That is a bit of positive news and hopefully we will see the sp rise back over 1p soon.
Nice to see Porta Communications rise by 11%  and it would be nice to see them put out a positive RNS and go back up to 0.3p. We will have to see!

Weekly Round-up

Well it has been a very boring 2 months really, I haven't sold a thing or made any money since 1st April!! Generally the markets have been quiet, OK some shares have been moving and people have been making money but not my shares. I am looking forward to May 24th then the GNC results are out. I won't be selling my shares as I keep these  for the dividend and plan to top up just as soon as I make some money! I have confidence in the company and I hope that they continue to do well.

May 27th should be 2 months up for the Due Diligence for BMR and I hope that the sp goes up. There is a lot of hype about this shatre but I don't have any positive feelings for it and want to get out at a profit as soon as possible!

I don't know what is happening with VOG as the sp is up and down daily. Everyone thought that the sp would soar when the licence was granted but it hasn't. Now it looks as though nothing much will happen until the gas starts to sell in Q4.

There have been flurries of excitement with PTCM but there should be some news by end of June as to whether any acquisitions have been made. I intend to sell some ofmy shares and keep 500k shares to see where the share goes long term. If I can topslice and just have free shares then that will be fine. It is my plan with VOG as well, to leave 30k shares as free shares.

However, for the moment it is just a matter of patience and wait for the sp to rise!

Tristar Resources TSTR

When I looked at my TDW accounton Tuesday I found that I had some spare cash!! So I re-bought some Tristar Resources TSTR shares at 1.16p.In my opinion this share is going to boom in the near future. In view of the way China is limiting its exports of rare metals and at the same time increasing the prices, when Tristar Resources TSTR start producing its antimony the sp will move sunstantially. I want to increase my holding now before the sp starts increasing too much. However, to do that I have to sell some of my other shares.
The shares that are causing the most frustration are Victoria Oil  and Gas VOG and Porta Communications PTCM. VOG are STILL waiting for their licence to be signed in Cameroon and with PTCM I am waiting for them to announce an acquisition. The sp of PTCM has dropped from a high of 0.35p to 0.15p in 2 months and I am sitting on 1.6M at 0.24p average so I am not wildly excited. I don't want to buy any more because they are nearing 25% my portfolio.

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.

Porta Communications PTCM

Porta Communications PTCM are my second biggest holding after VOG, and I have already made a profit on them but recently the sp has been sliding down. Today they issued an RNS saying that David Newton no longer had a notifiable interest in the company. In other words he has less than 3% of the company's share. He did hold 336M shares so if he has sold them plus all the selling that XCAP have been doing, then no wonder the sp has been falling. I hope that the sp will now start to rise and that we get some good news about acquisitions soon!
Asia Digital Holdings ADH on the other hand are moving upwards nicely. I put my limit sell  in for 0.89p today and so far the sp has only got to 0.85p, so close but not quite there. I will move the limit sell up to 0.94p tomorrow. Everyone is getting excited that we will soon be through 1p and onwards to 2p!!! I am not so sure and am happy to make a profit and move on. Time will tell.

Porta Communications PTCM

I didn't get back into Tristar Resources so I decided to top up in Porta Communications. I bought 606k shares at 0.1955p At 0.20p I have broken even so I thought that if the sp gets to 0.3p then I will be making a 50% return!! Fine in theory but the sp has been down since then and closed at 0.18p on Friday afternoon!  They have a new website now so hopefully there will be some news on acquisitions before too long. I believe that once they announce an acquisition then the sp will rise, at least I hope so.

The only share to do well in my pf was Asia Digital. They closed at 0.68p so I am in profit as I bought at 0.65p. Their results are out on April 5th so it would be nice if the sp continued to rise up to the results. Currently they have no debt and are working to develop media solutions in China so a good market to be in. I am looking forward to the beginning of April.

ValiRx plc (VAL)

Well an interesting day today! Sareum kicked off and went from 1.05p to 2.3p and took a few bio companies along. Val started to move up and got to 0.7p before finishing at 0.61p. The cynical among us would say that it was a ruse to get the sp close to the placement price of 0.6p before the meeting on Monday!!!!!!!!!!!!

I have decided to chart my profits this year. So I have produced an Excel spreadsheet that charts week number against profit each week and average profit/week so it is easy to see how I am doing. If you recall, I want to increase my portfolio to £25000 by the end of the year. That is about £12000 or £230 a week! Currently I am averaging £81/week so I have a bit of a way to go. 

Up to now I have been making profits in the tens and hundreds of pounds, so my target is to make a profit of more than £1000! The shares that I have hopes of doing that with are:

Victoria Oil and Gas VOG       current sp 5.5p target sell 10p

Porta Communications PTCM     current sp 0.23p target sell 0.5p

If I achieve these targets then it will improve the average profit/week!!

Victoria Oil and Gas VOG

I have sold my shares held in my HSBC account. My sell order ran out at the end of February so on March 1st I said sell them at 5.2p. with a limit of March 4th. Much to my amazement this morning it appears that I sold them on March 1st. HSBC France charged me £155 to sell them, so you can see why they are making so much profit. Anyway I made a profit so that's the main thing.

I transferred the money into my TD Waterhouse account and bought just over 600k shares in Porta Communications to bring my holding up to 1M shares! Small beer in some people's eyes but a milestone for me. I have already made some money with PTCM and once their website is up and running and news of acquisitions is released then I am confident that the sp will rise. I bought my first lot at 0.29p and they rose to a bid of 0.33p so even if they got there I would be doing OK as I bought at 0.2419p this morning. However, my sales target is 0.5p.

With the rest of the money I topped up on my Tristar Resources shares.I am excited about this company as they have found antimony in Turkey and have a possibility of gold as well. I hope that they will soon issue an update on progress as this share could move swiftly. On results of its test results it hit 1.35p whereas I bought this morning at 0.96p. This is something to watch and hopefully make some money on.