Victoria Oil and Gas (VOG)

Victoria Oil and Gas (VOG) updated their website with details of how they are progressing in Cameroon. My CFD trading on VOG is going slowly and I did make a small profit yesterday when the sp briefly flirted above 3p! I had previously taken out another 50k shares at 2.89p and sold them at 2.94p to get my first profit on the board. I was then able to buy them back later in the day for 2.9p. It will be interesting to see whether the sp moves above 3p today with the latest progress report and whether it can stay above 3p!

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!

Change of direction!

On Friday I sold a load of TSTR shares and opened a CFD account with the proceeds. I had a CFD account some years ago and lost a lot of money through not understanding about trading. Since then I have learned a lot, often the hard way, and so this morning I opened a CFD trade on Victoria Oil and Gas at 2.9p with 100000 shares. It seems to me that unless I am very unlucky, the sp will rise upto and past the delivery and charging of gas in June/July. As the last placing was at 3p, I think that I have got in at a good time. So, I now have 200k shares and 100k shares on CFD. I still have TSTR shares and we should have some news in the next fortnight.
My plan is that if I can make a profit on my CFD account, I will take my original stake out and just trade on the profit! Time will tell, I will keep you updated!

Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an interesting RNS today stating they have a Memorandum of Understanding with a Chinese company to enter a Joint Venture to process the lead and zinc tailings at Kabwe! On the face of it, it is really good news which goes some way to explain the rise in sp yesterday! However, the sp has fallen today when you could be forgiven for thinking that it would have continued to rise  on the RNS. Just goes to show how many investors are very sceptical about investing in BMR when so many of them have lost money in the past! I had out go out this morning before the market opened so I put in a sell order only to find that when I returned some hours later the sp had gone down!
Yesterday there was a massive decline in VOG shares and the sp closed at 2.7p! I tried to sell some of my TSTR shares to buy more VOG but my Kill and fill order got rejected! Today the sp has gone back up to 2.79p so I would have been in profit! That's the way it goes I suppose!

TriStar Resources

I recently sold a load of TSTR shares and bought more VOG shares. However, with the markets being a bit grim, I sold the VOG shares I bought with the TSTR money and bought TSTR shares!! I sold the TSTR at 0.88p and today bought them at 0.8175p. In the process I got 4000 extra TSTR shares and 400 extra VOG shares all for the same position as I started!
Also there are only 11 trading days left before there should be an RNS from TSTR so I am hoping that my investment will start to pay off. I now have 566k TSTR shares and 200k VOG shares.

Victoria Oil and Gas

Yesterday I took advantage of a little movement in TSTR shares and sold some at a profit and then bought some more VOG shares. This significantly reduced my average sp and although I could have waited until Monday when the new shares hit the market, I have a feeling that the dilution is already priced in. For me, VOG is the share to have my money in as come the end of July, they should have money coming in from sale of gas. The situation on VOG is neatly summed up by ProactiveInvestors of Ausrtralia.
I still have shares in TSTR but they are dragging their feet in delivering an RNS. BMR has moved up a little of late and my experiment to sell and buy back at a lower price failed! Ah well you pay to learn!

Victoria Oil and Gas (VOG)

Victoria Oil and Gas issued an RNS today regarding share placement and draw down of funds. It is dilution of about 4% but it does indicate that in 2 months time the company will be receiving money!! It goes some way to explaining why the share price has been depressed for a few days but if you are able to top up or but in the next few weeks then it could be a very positive outcome.
The new shares hit the market on June 11th so I don't see anything startling happening to the sp in June! However, July may see a build up of buyers in anticipation of the first revenues!