Occupation: Academic, Consultant, Retired, Other
Interests: Commodities, Oil, Stocks
About Me:
Retired to farming from a varied career based mainly on medicine and the military (jack of several trades, master of none at all). I have now found that Aberdeen Angus seem to be on my exact social and intellectual level. All I have to do now is support them.
To buy hoping for company growth - but open also to obvious trading opportunities.
Several respected investors have revealed their current O&G holdings in the recent discussion on TMF. Conspicuous by its absence is Antrim Energy (LON:AEY) - so I thought I would do a write up and find out if readers know some negatives that I don't. In summary, AEY has a market cap of £118M (184M shares @64.25p) and listed in Toronto and on AIM, making it …
Independent Resources are a small-cap (£30M or so) who have languished for a couple of years. They dropped 10% to 67p today, following a placing at 60p (generating c.10% dilution). Their website is at: http://www.ir-plc.comThey reported interims to 31 Mar on the 9 June. Cash at that time was £3.3M and the comment was: 'Our cash position amply covers our commitments...'; hence, presumably, the surprise…
Alexander Mining (AXM) is a £17M company whose main asset is a proprietary heap leach technique for Cu (and Zn). It also has 2 South American projects (Cu/Ag in Argentina and Au in Peru) but these are effectively on ‘care and maintenance’. It had a cash position of £4.18M at the end of June 09. Expenditure was £0.7M for the previous 6 months and has…
Good afternoon fb - and thanks once more for the comp. Please may I go for Range Resources (RRL) for the up? My rationale being good news from Trinidad and Puntland (aptly named) and possibly better news than expected from Georgia. No down.... although I wish I knew where markets were going.... AA
Thanks fb. I have a fear that Eurozone debt will loom large this month. However, for the up comp. please may I go for VGAS? A market cap of £79M buys $2M per month of positive cash flow from Uzenskoye and Dobrinskoye, with probable near term uplift from the VM field. Explo includes the Yuzhny-Romanovskaye-1 well, which must be close to TD now, plus a…
I am in the camp that sees the pressure being eased through lots of shocks and aftershocks, some of which may be pretty large. OK, I have changed my mind. I am actually quite frightened now. I am moving across to the camp that thinks a BIG crisis is coming. To my mind the European politicians have failed to create a method for the gradual…
We are all in the hands of (1) the Americans and (2) the Eurozone bond markets. But IF all goes well, I can see several companies rising well this month. BLVN - waiting for Sapele results, but down following exit of COO PCI - also, I think, unfairly down. What if they announce a farm out of some of the Algerian asset - they must…
I have limited understanding of banking and so the following comments should be read with complete disdain where necessary. They are, at least, free of pre-conceived notions. Is there such a huge pressure of unsustainable debts in the world that there will be earthquakes? Yes, I think so. Will there be Armageddon? No - I am in the camp that sees the pressure being eased…
