I posted on FT Alphaville, during their excellent Markets Live ( a must read for any traders surely), on Friday of my investment in a company call African Copper.
Now I had done this on the basis that the company had seen off a bid and so in the background this suggested that it must have some re-financing arranged. As I said in this post last week, I have been looking to invest in companies that are about to announce a refinance.
Beyond my wildest imagination though something happened yesterday, the company announced a large investment which will secure the financing for the foreseeable and actually allow the company to mine.
The net result, I bought at 4p on Friday and have just sold at 12p on Tuesday morning. My best ever trade by some distance. Lots of luck for a change!
Now to look for some more companies about to announce refinancing....
5 comments:
Well done. As Napoleon wold have said, give me lucky traders.
As an aside, I was sailing at the weekend and one of the crew was a private banker for a well known Swiss bank. He reckoned that things are improving in the various economies round the world - his reasoning was that he isn't being beaten up as much by his clients!
http://electro-kevin-electro-kevin.blogspot.com/2009/05/no-to-eu.html
I'm trying to start a campaign.
Up to a point, Lord Copper.
GS - I hope so. I have had enough of doom and gloom. Although as i go on hols shortly, I may have to sell in may and go away!
Don't stop posting such stories. I like to read blogs like that. By the way add more pics :)
Post a Comment