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!

Viridas PLC (VIR)

Well, call me niaive but I think Viridas PLC is going to take off very soon. All the trades are being reported as sells even though they are buys. Bruce Rowan has 22% of the company and I firmly that an RNS will be issued soon showing where the company is going. The bid is currently at 0.4p and I bought at 0.35p when the spread was 0.35/0.5p so there are a lot of MM games going on. I think my target here is to topslice when it gets to 0.75p so that I still have 100k shares riding free.I may be talking complete rubbish but watch this space.

Tomorrow is the big day for BMR. Everyone seems to think that the sp is going to rocket when an RNS is issued  saying that the Kabwe purchase has been completed. I hope they are right but I am not holding my breath! I have seen this sort of expectation before and then there is a placing and the sp falls. I hope I am wrong but tomorrow will provide the info.

Viridas PLC (VIR)

Positive RNS from Viridas this morning stating that Bruce Rowan has 22% of the company after buying 100M of the 420M shares recently issued. I think that is a positive move and lets hope that it is followed in due course with an announcment of some activity in Oil and Gas or Mining.

TSTR also issued an RNS yesterday afternoon saying that they had assay samples at 1.2km from the Goynuk mine containing gold and antimony. It was a bland RNS and didn't have a positive affect on the shares what we are looking for is drill results to prove commercial resources. However, with gold and antimony that far from the mine it has got to be good news.

Viridas PLC (VIR)

I decided to sell my GMA Resources shares yesterday as I didn't see any likelihood of them going anywhere soon. I took a small loss but that is a calculated risk.

I picked up some vibes about Viridas PLC on the BBs and put my money in there. I bought nearly 250k shares at 0.35p each. Viridas is a company that did have an interest in Biomass products in Brazil but was not doing very well!
On May 10th they basically changed the company, issued new share capital and are now into investing into permits, licences, joint ventures in Africa, South America, Australasia and Eastern Europe. Obviously early days yet but could be one to put away and forget and then when they do do something I might have made some dosh. On the other hand it may fare as well as the last exercise ie badly! We will 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!

Greencore Group

What is happening at Greencore? First I see tahat they have recently installed 2 robots to improve their packaging of lasagne. Then I see that they are keen to sell the company. With the  results out tomorrow things may be a little clearer but it is certainly a turnaround in ambition.

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!