Swapped Idox (LON:IDOX) for Afferro Mining (LON:AFF)
Bought some Afferro Mining (LON:AFF) because it seems to be undervalued (see recent Stockopedia
article, for example). African Aura (LON:AAAM) had taken a run-up in price ahead of the split in the company. It seems that investors have lost interest after the split, and I believe that it has sold off from its high for
technical reasons. Given the sharp fall in price today, I have taken the opportunity to start a holding in it.
I sold off some Idox (LON:IDOX) to make the trade, for no other real reason than I had to sell something.
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Afferro Mining Inc. (Afferro) is a mineral exploration and development stage company focused on iron ore projects in West Africa. The Nkout Iron Ore Project (Nkout) is 100% owned by Afferro. Nkout is located in the Company's Djoum licence in southern Cameroon. The Company holds interests in three other earlier stage iron ore exploration projects in Cameroon, namely, Ntem, Ngoa and Akonolinga. The Ntem licence area is 491 square kilometer in the south-west of Cameroon. The Ngoa Hill project is located 3 km south of the Nkout Project, which is 70% owned by the Company. Akonolinga consists of three areas to the northwest of the Nkout Project and is 100% owned by the Company. The Putu Iron Ore Project is located in the south-east of Liberia in Grand Gedeh County. The Company, on April 10, 2012, th had closed the transaction to divest its 38.5% holding in Severstal Liberia Iron Ore Ltd. On April 13, 2011, the Company’s gold and diamond assets were divested into Aureus Mining Inc. more »
Idox plc is a United Kingdom-based holding company. The Company is engaged in the development and supply of software solutions and services to the United Kingdom public sector and asset intensive industries worldwide. It is a supplier of software solutions and services. It operates in four segments: Public Sector Software, which delivers software service solutions to mainly local government customers across a broad range of departments; Engineering Information Management, which delivers engineering document management and control solutions to asset intensive industry sectors; Information Solutions, which delivers both an information service and consultancy services to a diverse range of customers across both private and public sectors and Recruitment, engaged in providing personnel with information, knowledge, records and content management to a diverse range of customers. It also provides information management, Web development, online publishing and training services. more »
