Edenville Energy EDL

Well, at last we have some news with an RNS this morning showing that EDL have found coal of reasonable quality but more importantly, they have discovered coal to the north of previous known coal deposits. It will be interesting to see what happens to the sp this week. Even though the market is very bad at the moment, I wonder will there be any upward movement? Certainly the sp is pretty dire at the moment, having dropped from the last placing price of 1.85p to currently stand at 0.35p!

Great little video interview with Kevin Foo, CEO of VOG and certainly maintains confidence in the company. I still see this as a company with an sp capability if double figures and have recently almost doubled my holding.

Greencore Group GNC

Well, things are certainly starting to move now. Yesterday there was a flurry of RNS and to cut a long story short, there is no problem from the Irish Government regarding the takeover and all the Rights issue has been sorted. So we ar just waiting for the deal to be formerly signed and the merging of the companies to begin.
UNIQ has a the closing of a factory prior to the takeover and this is a factory that produces own brand desserts. I found it interesting that UNIQ produces Cadbury and Muller desserts. Also, my shares have now been amalgamated under one heading on my TDW account although shareprice.co.uk still seems to have difficulty getting it sorted.

I want to keep building my holding in this company as it seems well run and pays a reasonable dividend.

Today I have put a buy order in for TSTR with a view to massively increasing my holding. I have a limit order for 0.75p so we will have to wait and see. I have set it for 25 days but I think that if it doesn't trigger soon then it will be too late as I believe that after the end of August, these shares will start to rise.

Weekly Roundup

Bit of a grim week in the markets but my shares dropped but not as much as some. A number of them are not doing business in Europe so are not as affected as much as some. I am still waiting for end of September/October for news on VOG, GNC and TSTR.  As someone wrote this week when markets were falling everywhere, "sometimes its better to do nothing"'

A share that has come to my notice that could do well in the next few months is Goldplat GDP. They have a goldmine in Kenya and have to wait 3 months for their exploitation licence and then they should be mining rather a lot of gold. At 11.25p at the moment they could be a good bet for the furure.

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.

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

Slowly but surely the sp is starting to rise! The sp closed at 1.08p yesterday and in my view this will come good and possibly in the not too distant future.I think perhaps for big returns it is still 2 years off but my year end we could see a modest improvement, maybe 1.5-2p. In the meantime the demand for antimony is still strong.

I transferred some Euros into my account yesterday ready for next week when the Greencore rights issue is active.I am on holiday so I hope everything goes OK and I will be adding more shares once I have taken up my rights issue. When the UNIQ deal is done it will be interesting to see which market they are traded in as they have ambitions to get into the FTSE!

End of week round up

Some good bits this week with Red Rock Resources making a bit of a recovery and finishing above 7p. They have had a report on them by Edison group which is very positive and I am looking forward to Red Rock making good progress by the end of the year. This is one of my top slice shares.


Tristar Resources are also making some progress and are doing a joint venture to build an antimony processing plant.They wouldn't do that unless they had lots of antimony to process so again another one of my topslice shares.

Victoria oil and gas did a draw down of 600k GBP and as yet no-one is clear what it is for. However, the sp dropped a little but as each day passes we are getting closer to gas being delivered and revenues being generated.

Yesterday Greencore Group issued an RNS stating they had agreement to purchase UNIQ and this should happen by end of September. Slight concern for me is that I will be on holiday when the rights issue is carried out and I don't want to miss getting my shares and getting some more as well. I expect the sp to drop and then recover over the next few months.

My pf is still all red but I do see a few glimmers and it would be nice to see some blue by the end of August.