Last post of 2012!

Well the world hasn't ended as some predicted but not a lot has happened with many of my shares!
VOG issued an update RNS yesterday which was good, in that gas sales are increasing but there was slippage in amount of gas being suppplied and progress on the bank loan. I am still hopeful that one day VOG will come good. Kevin Foo has long held the view that he would like the company to be a mid cap company so about £350M Mcap. Based on shares issued of 2.8Billion then that would give an sp of 12.5p. I would be very happy with that!
My French share trading has been going well and I have gradually been increasing my holding in Natixis by trading the ups and downs. I will continue in this strategy as it seems to be working.
I don't know whether anything I have written has ever been of use to anyone but I would like to wish everyone a Merry Christmas and a prosperous new year!
See you in 2013!

And the news keeps on coming!!!

A great RNS this morning from Orogen Gold (ORE), detailing their latest drilling results at Deli Jovan! They are reporting 3metres at 29.6g/t gold which is pretty impressive! It would be better if they were actually mining and selling it but having found it, it isn't about to go away!
I wonder what the market will make of it today?

More Good News!!!

Today I received an RNS from Pinnacle Telecom Group plc who gave a trading update! It didn't say a lot but just that when they announce their results in February they will be very good!
"The Board expects to report significant revenue growth for the full year ending 30^thSeptember 2012, compared to FY 2011. The Board also expects to report significantly improved Operating profit performance for FY12, compared to FY11. "

The market was underwhelmed and the sp went down but it will be interesting to see what happens in the lead up to results on 18th Feb next year

Victoria Oil and Gas are starting to improve a little and I still live in hope that one day the sp will hit double figures!!! Perhaps 2013  will be the year!

It's good news day!!!

2 nice RNS this morning which I have no doubt, in the fullness of time, will send the sp up for the companies involved. Victoria Oil and Gas (VOG) issued an RNS on their AGM and an operational update for Seprember/October. Basically they are likely to have another 9 customers taking gas by the end of the year on top of the 6 that are currently taking gas. They also have 26 letters of intent for gas supply and 9 for power requirements. Once they announce that they have finance sorted then I am confident that the sp is going to go up dramatically as suddenly they will be in a snowball situation regarding customers taking gas.
Orogen Gold (ORE) also issued an RNS saying that they had negotiated $5M finance in drawdown facility to enable them to press on with exploring the Deli Jovan site for gold. For me they key bit of the RNS was "We look forward to updating shareholders shortly on the most recent drill and trench results from Deli Jovan."  It would be nice if they meant Monday!!!

Orogen Gold ORE

I haven't posted for over a week because nothing has happened. Then, all of a sudden, today, things started to get exciting with Orogen Gold ORE! People started to buy millions of shares and the sp, had gone up to 0.67p! Traditionally they like to issue RNS on a Monday morning soi I wonder whether we will get one on Monday? Also they are supposed to release info about the gold mines in December so is this the start of something big or just another false dawn in the land of AIM?
We will have a better picture on Monday!

At last some good news!!!!!!

After a couple of weeks of bad news, dilution from VOG, massive fall in Red Rock share due to Jupiter mines stopping iron ore works due to fall in iron ore prices,  general poor market conditions, today, Victoria Oil and Gas (VOG) issued an RNS giving some good news!!! They have had an independent gas market survey done on Douala and state that a company called Prometal has started using gas and can take up to 430000 cu ft gas per day so a good customer. Further more they have another 10 customers who are likely to be taking gas by the end of December.
One of the key comments I took from the report was the 100% growth per annum from 2012 to 2017!!  If that actually happened then the company would be making some super profits and the sp should be significantly higher. It will be interesting to see whether there is any movement in the sp and whether there will be a lot more sales of the recently issued shares!

Victoria Oil and Gas (VOG)

After the recent financial report for Victoria Oil and Gas  I took the decision to buy more shares as it seemed to me that it was a no brainer, that if VOG were buying 20 more gas units for customers then it was bound to be a good buy. Since then the sp has dropped and I can't understand why so today I rang VOG and asked if I could speak to Kevin Foo. To my surprise I had a 10 minute conversation with him, in which, he was very frank when I asked why the sp was where it was. Obviously, I didn't ask price sensitive information but he did give me a clear warts and all explanation of why he saw the sp where it was and what was needed for the sp to rise. I found it refreshing that he took the time to speak to me and explained why he thought the sp was where it was. At the end of the conversation I felt that I had made the right decision in buying more shares. As he is the largest individual shareholder, he is as keen as anyone that the sp goes up and reflect all that VOG have achieved in the last 3 and a half years. I see it as a matter of time now before the sp starts to rise. I have an average of just under 4p so I hope it goes above that before I pop my clogs!!