Victoria Oil and Gas VOG

Victoria Oil and Gas   issued an RNS this morning and for me the best bit was "a further 10 GSAs which have been contractually agreed subject to legal due diligence and final approval."
Certainly VOG are keeping shareholders up to date as their website is an example to others Whilst the sp has fallen of late I see no reeason for this and with 10 more customers almost signed up, when the gas starts flowing in Q4 then the money should start flowing in. This is my biggest holding and I see no reason not to continue to have full confidence in the company

With revenues flowing it will enable then to explore their site in Cameroon more and West Med in Siberia. Go VOG GO!!

Berkeley Mineral Resources PLC (BMR)

Berkeley Mineral Resources PLC issued and RNS this morning which was not quite was expected. Basically it said that the Kabwe Due Diligence had been completed and they were moving towards completion of the deal! It also said that BMR are not going to proceed with the acquisition of another business in Zambia which would have advanced their plans by 10 months as it was too expensive.

So they raised money via dilution they didn't need and have put back production by 10 months. The net result was that this morning the sp fell by 7% and dropped below 6p. The sages! on the BBs think that this is just getting bad news out the way before a good RNS next week!!! Perhaps they are right but I would like to get out of this share quickly and put the money back into Viridas.

TOO LATE Viridas up 46% this morning!! 

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 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.

Edenville Energy! EDL

Edenville Energy issued an RNS today with their Final Results. These were interesting because they appear to have sufficient funding to carry out drilling for a JORC compliant resource, they have 6 mining licences and thermal quality coal,so things are looking promising. The news was greeted by an improvement in the sp.

Still now news from BMR so we will have to wait until next week before the much heralded announcement of the Kabwe acquisition is published!

Viridas PLC (VIR)

I'm afraid I couldn't help myself yesterday, the sp of Viridas was moving up and I cancelled my sell order and sold all of my shares. I bought at o.35p last week and sold at 0.6181p yestreday netting £650 from an investment of £882! Because it was Negotiated Trade some of the time, I put in a limit order for 0.58p and went for a cycle ride with my son. When I came back TD Waterhouse had sold them at 0.6181p, so well done TDW! In hindsight I might have made an error because I could have sold 148k shares and kept 100k shares riding free but what's done is done. Better than putting my money in the bank!

Yesterday, there was a lot of excitement about what info may come out of the mining conference where Masoud Alikhani was speaking. The general belief is that the deal is almost done, the money and paperwork is in escrow, and an RNS should be issued next week. Based on that information I increased my holdings in Berkeley Mineral Resources and have put a sell order in for 10.5p, to sell about two thirds of my shares. I intend to top slice these shares come what may as I haven't achieved that yet!

Yesterday was also the AGM of Tristar Resources and they intend to be in full production of antimony by the end of 2012! They are doing some more drilling testing and the results will be available with their interim results on 30th September! We will have to wait and see what happens.

Alternative Energy Ltd (ALR)

Alternative Energy Ltd posted their interim results yesterday and they were telling us little new. The company is still making a loss as a result of initial development work. The staff are committed to the company and are taking shares as part of their remuneration package, a good sign. Chris Nightingale is continuing to back the company and having spoken to him recently, I am happy that ALR are on the right track. What they need to do now is to generate some sales. Once that starts to happen then the future of the company will change for the better.

No RNS from Berkeley Resources again today  so the wait continues.Masoud Alikhani, the CEO, is addressing a mining conference today and many thought that an RNS would be issued to coincide with that.

Viridas PLC is flying agin today!! 0.5/0.6p and up 17%. Over 9M shares traded this morning and some meaty buys going on. It was on the volume board of LSE yesterday and I wouldn't be surprised if it was there again today. Just need an RNS saying where the company is going. I have put my sell order in again today for 0.7p but I am not expecting it to make it today!