Victoria Oil and Gas VOG

A dilution RNS this morning, not exactly what you want to see but it has been talked about for days! I would have preferred a dilution at a higher price as there would have been less shares issued but if you need to raise money now, I guess your options are limited! I don't see it dragging the sp down much further and in all likelihood gas will start to flow soon so we should then see the sp rise. The presidential elections in Cameroon are on October 9th so it wouldn't surprise me if some gas didn't start to flow before then.

On a seperate issue I have started trading Forex again and this time in a more controlled way. Before I wasn't very successful as I tended to trade too much and have my stoops set too close and lost all my dosh. Now, I am trading less, using Bollinger bands, RSI and MACD charts to determine when to trade and try to limit myself to achieving a goal and then sticking to it. I started last week with €300 and am now on €503 so not bad in just over a week.

Greencore Group GNC

This afternoon Greencore issued an RNS stating that the offer for UNIQ was now unconditional, so now there should be 20 days before everything is signed, sealed and sorted. Greencore's results are due on Decemeber 6th and I hope that will be a nice Christmas present!

Despite all the doom and gloom yesterday in the markets, VOG, TSTR and FRR held up reasonably well. Just one week to go before TSTR issue their interim results and I hope the sp goes up a lot!!

Edenville Energy EDL

Edenville Energy issued their interim results RNS today and these had some promise for the future.The company is funded to produce a maiden JORC but it seems to me that after that they would be looking to sell the company. If you read between the lines it seems likely that they are working towards confirming a resource and then selling the company.

The other day I found I had 100GBP in my trading account so I bought some Red Leopard Holdings RLH shares. I can't see these setting the world alight but if I make a small profit eventually I will be please, on the other hand it is not a big investment if it fails!

Not long to go now before TSTR results and yesterday the sp moved up to 0.85p. Unfortunately the sp dropped a little this morning but in just over a week we should have a clearer picture. I have about 360k shares and am looking to sell these at over 1.2p. There is no reason why this shouldn't happen but the USA didn't help general conditions by announcing its $400Bn stimulation package!!

Porta Communications PTCM

After a long wait, we have got an RNS at last! In fact, 2 RNS!! The first on was that trading was being temporarily suspended and the second was news of an acquisition. PTCM are taking an 80% stake in Threadneedle Communications. The deal is a reverse takeover and is therefore subject to various AIM rules so it will be interesting to see what happens when trading resumes. For the moment it is good news.

Only just over a week to go before news of TSTR, when they publish their results I am hoping for at least a rise above 1p. The sp has slowly been starting to build and I hope that continues up to the results.

Frontera Resources FRR

Good RNS from Frontera Resources FRR this morning showing that they have drilled a well and found some oil and are commencing drilling their next well soon. It is a dire day on the markets today but FRR is holding reasonably well. VOG is hovering around the 4p mark and TSTR seems to be doing all right.

As soon as I sell my next lot of shares I am going to buy more GNC and think about re-investing in GKN. GKN was the first share I bought and has been up to 240p but as the FTSE has dropped it is now down to 174p. If there is another global recession it will drop further but if there are any signs of a recovery, particularly in the motor industry, then GKN will be back over 200p again.

Victoria Oil and Gas VOG

Well an excellent letter to shareholders this morning from Kevin Foo! Gas due to be delivered imminently in Logbaba and increased value at Logbab and West Med. The mistake I made was instead of buying FRR yesterday I should have waited and bought back into VOG last night! I could have bought at 3.8 and after 10 minutes this morning the sp is well over 4p!! Still its all a learning experience and I did get nearly 8000 free shares from my 2 trades. Well done Mr Foo and VOG

Frontera Resources FRR

There was a bit of a flurry this morning so I sold 142461 VOG shares so that leaves me 150k shares. Made 95gbp in 2 days so am happy with that. I hope that I may be able to buy in again if the sp falls.

So with my VOG share money I bought some Frontera Resources FRR shares for 2.049p.  This company is exploring for oil in Georgia and seems to be fully funded.In June they were at 6p so it would be nice to see them return to that level.