More Good News!!!

Today I received an RNS from Pinnacle Telecom Group plc who gave a trading update! It didn't say a lot but just that when they announce their results in February they will be very good!
"The Board expects to report significant revenue growth for the full year ending 30^thSeptember 2012, compared to FY 2011. The Board also expects to report significantly improved Operating profit performance for FY12, compared to FY11. "

The market was underwhelmed and the sp went down but it will be interesting to see what happens in the lead up to results on 18th Feb next year

Victoria Oil and Gas are starting to improve a little and I still live in hope that one day the sp will hit double figures!!! Perhaps 2013  will be the 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!

At last!!!!!!!!!!

At last, TSTR have issued an RNS!! This gives an operational update on its activities worldwide and generally was very positive. It will be interesting to see what the market makes of it all. For me the key things were lots of antimony, readily available; JV partner ready with $30M and permission to build local processor.
PINN also issued an RNS this morning on gaining the contract again for the BBC Big Weekend and highlighting its part in the Queen's Jubilee. That might go some way to explaining the surge in sp yesterday afternoon!

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!

Bank Holiday!!

Its Bank Holiday in France for May 1st and in London, it continues to be doom and gloom!
Problems with Spain, Lloyds and BP are not helping and with my shares not a lot is happening.
Still waiting for TSTR to issue an RNS on Goynuk, when are they going to do that????? Come on Mr Eyi get your act together and let us know what is in the ground!
BMR are drifting downwards with no news about moving the company forward. Some people are happy that news is forthcoming but how they can be sure of that is beyond me. Until there is some positive money generating news, I don't see BMR doing anything other than range trading.
VOG is a little on the quiet side at the moment, just getting on with finishing off the pipeline I hope and with any luck, come end of May or June we should be pumping gas to customers!
PINN have recently started a forum ,on their website although it is a bit like joining a secret society. I have got past the first step and am now waiting for the next bit!
Redrock Resources have perked up a bit of late but still have a long way to go for me to break even!

I want to sell BMR and TSTR vy end of May and put my money into VOG and something else for the summer. "Sell in May and stay away". I will return in September when the market picks up. However, I will keep a little money to take advantage of anything that comes along.

Weekly Roundup!

There are signs that things may be about to boom next week! BMR and  TSTR should both issue RNS next week and both could give a significant increase in sp! TSTR should be issuing a JORC and BMRhave a whole raft of topics to deal with via RNS!! Whether any of it comes to pass is anyone's guess!
VOG went a bit funny towards the end of the week! From reaching 5p, it suddenly started falling and hit 4.18p before recovering a little. Probably people tired of waiting and taking some profit from the week before. The pipeline is nearing completion and in Q2 VOG should be supplying gas to more customers.
FRR and RRR are very much in the doldrums and I can see me holding these for quite some time as there is nothing to indicate anything startling happening in the near future!!!
PINN has been moving up and down a little and it didn't help that they had their air conditioning heat exchangers stolen!! They have offered a series of shareholder events and I think that is good PR so I may buy some more when funds appear!
Looking forward to seeing what happens next week!

Pinnacle Telecoms PINN

Great RNS this morning from PINN. Basically

  110% increase in operating profit (2) to £165,299 (2010: £78,647).

·      67% increase in positive EBITDA (1) to £249,880 (2010: £149,379).

·      18% increase in gross profit to £2,464,529 (2010: £2,089,457) a rise of £375,072.

·      60% decrease in the loss for the year (3), falling to £98,305 (2010: £246,072).

·      29% increase in turnover of £1,913,546 to £8,522,079 (2010: £6,608,533).

·      740% combined turnover growth since 2007.

·      84% of turnover now relates to recurring and contracted revenues (2010: 81%).

so it will be interesting to see what happens to the sp today! For a small company, they now seem to be on the way up via acquisitions and good contracts.

Pinnacle Telecoms PINN

Great RNS this morning from Pinnacle Telecoms PINN saying that they have a contract to supply the BBC with services for the Olympics and Paralympics this summer! The sp was up 25% after the first half hour but not enough for me to break even, still we live in hope!!
News is expected from TSTR and BMR soon and at the moment I am in profit with BMR but looking for a big boost before I sell! We are waiting for a JORC on TSTR and since the change of CEO there has been more movement with the sp.
I feel that there has been more investor confidence in the last 2 weeks but how long that will be sustained, I don't know!

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

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.

Greencore Group GNC

I was on holiday last week and missed all the excitement on the stock exchange but did take up my rights issue and buy some more GNC shares at €0.597. I am looking forward to the UNIQ deal being finalised in September and the Year end results being published in due course. I regard this as one of my long term shares and will be topping up as and when as the dividend is very good. I am not sure if there will be a dividend at the year end because of the UNIQ deal but we will see.

Whilst I was on holiday there were a couple of nice RNS for PINN and VOG and I expect VOG to start moving upwards as we get into October November and they start supplying gas.

Massive News Today!!

After 2 days where my internet connection has been down(Thanks SFR!!!), I find that Red Rock Resources has been doing well and the sp passed 8p before closing at 7.75p yesterday. Then today I have 3 RNS, from Edenville Energy, Victoria Oil and Gas and Pinnacle Telecom.

I read the Pinnacle Telecom on first, and they have acquired a new business which provides IP CCTV services. Although not a big acquisition, it is another set along the road to developing the company. So well done Alan Bonner!

The second and the best was from Victoria Oil and Gas, where they gave an update on the West Medvezhye site in Siberia. Here they are convinced that passive seismic surveys have found 400million barrels of oil and drilling commences in Q4 next year.


Finally, Edenville Energy issued a holdings notice, where Gradinex had reduced their holdings in the company, not good!

It will be interesting to see what the day brings on the market today!

Berkeley Mineral Resources BMR

Ok, so it is a really bad day on the markets and BMR is down. Tomorrow 145M new shares will be released onto the market so I decided to sell my BMR shares and try a short on BMR for today and then close the short tomorrow and buy some more BMR shares cheaper. Unfortunately, TD Waterhouse don't do short selling so I have sold my BMR shares at a loss and now hope that I can buy them back tomorrow at about 3.9p so that I end up with more shares! Will it work, I don't know but I feel it is worth a try!

I have had some more RNS today, I from BMR saying they know of no reason for the sp to drop! Perhaps they aren't aware of the effect of dilution on share price!

The second, I didn't actually receive but found on the LSE BB, and this was the 6 months results for PINN which were very good. Sales up, profit up but the sp didn't do anything much:(

Then one from Red Rock saying that Jupiter Mines had started a feasability study and also saying that their issue of equity will take place on 30th not 29th of June.

Finally, I had 1 from EDL saying that Nomura International had increased their stake in the company.

So all in all, a lot going on when there was chaos in the market. In fact I am thinking of staying out of BMR all together as I have lost confidence in the company.

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.

Markets take a hammering!

Big problems in Greece yesterday and today the market is down. Many shares have fallen but not all. Mine shares that are holding up well are Alternative Energy and Pinnacle Telecoms! My BMR shares and VOG have fallen just over 2%. If I was not significantly topped up then I would buy some more of both but particularly VOG as I see them rising by October. The other share that I am keeping an eye on is VIR as I will buy back in if it falls below 0.5p. It has been up to 1.1p last week and on news I feel it will go up again. Time will tell!

Weekly Round-up

Well despite my success with Viiridas this week, my pf is looking under the weather as the AIM market has taken a bit of a battering and I don't think I am alone.
Greencore, Pinnacle Telecom, Alternative Energy Ltd and IMIC have just about stayed the same. However, Edenville Energy has dropped to 0.87p, less than when I first bought it last year! Idon't know what is happening with VOG, perhaps people are getting bored with waiting and selling but it has fallen to the level I first bought in at nearly 15 months ago despite now have its Licence and beingin a position to start selling gas by the end of the year!
BMR is very disappointing in that nothing has been confirmed and the sp just drifts downwards, I was able to buy some more share to lower my average but that is scant comfort!
TSTR has drifted downwards as there is nothing likely to happen before September.
PTCM has drifted down to 0.12p as there has been no news. There must be a statement by end of June soI hope it picks up then.
At the end of the day my pf is down 25% so it is not looking well. However, I am holding and am confident that I will make a profit in due course. I believe my policy of spreading the risk is sensible and I need to now consider holding cash in my trading account to take advantage of market movements.

Today's RNS

I received 2 RNS this morning, one for Greencore and one for Pinnacle Telecom. Interestingly, nothing for BMR!
 The Grenncore RNS was to say that Sheffield Asset Management had increased their stake in the company. This was only a small increase but I think it is always better that someone is increasing their stake, showing confidence, than decreasing!

The Pinnacle Telecom RNS was to say that they had another contract for T in the Park in Scotland and that they had successfully completed their Chelsea Flower Show contract over the weekend. This had the effect of moving the sp up a little this morning but I don't see any major rise happening until after their results at the end of June.

The big movement this morning was Viridas who were up 24% at time of blogging and that without an RNS. There is something brewing because all the trades are still being reported as sells and on my TD Waterhouse account any dummy sell is NT only!! I have put a limit order in for today only of 0.75p to topslice my shares, if it sells I will be running on free shares. We will have to 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!

Victoria Oil and Gas VOG

What a pants day on the markets as far as my pf was concerned!! Nearly everything was down except for Pinnacle Telecoms and VOG closed last night at 5.71 and hit a low of 5.05p today. Despite the decree, the sp has not performed well this week. If I had sold yesterday, I could have bought more shares today for the same money!! There was some talk of perhaps more dilution but I think it is more normal to have a dilution when the sp has risen otherwise the company is not maximising its opportunities.. The last share issue was after the sp rose to nearly 7p and the issue price was 4.95p!
TSTR is waiting for news as is BMR but their sp's fell today. There was quite low volume of trades on my pf so it is no wonder shares have been depressed. Still as they say, tomorrow is another day!

Pinnacle Telecom Group plc (PINN)

Pinnacle Telecom Group sp is holding up well at the moment. Other than the results of a good Royal Wedding coverage and Local Election coverage there has been no news and yet the sp has been holding up well and moving very slowly towards 0.5p. It needs some positive news like gaining the Olympic contract to move it beyond the stubborn resistance level of 0.5p. The broker target sp is 0.95p and I think that if it can break the 0.5p resistance then it will make good progress towards that.
Victoria Oil and Gas is moving very slowly. I have a sell order in for 10p but I can't see that happening for a while. Today I started doing calculations about day trading the other 30000 shares I have. I could have sold today at 5.83 but could only have bought back at 5.7p so not a lot of point really. I need a minimum of 0.3p difference between selling and buying to make it worth while. Otherwise I might not be able to buy back in and then see it surge up towards 10p!! Back to the waiting game!