Since last year when you could throw a dart and make a profit in trading shares, I have reduced a little my number of positions. Plus I have a little more cash on the sidelines now, over 10%, to be able to exploit any sudden market fall (which will happen by mid-year, but it is too events driven to predict). However, we are not going in 2010 to have a big crisis like 2008 - so I would be amazed at a correction that takes the FTSE much towars 4500.
Anyway, in order of investment size here are my picks:
Name Last price Short/Medium/Long Hold Price Target Sell Event
Gulf Keystone Petroleum Limited 91.75 Long 250 Sale of Company
Minerva plc 71.25 Short 90 Letting of City office
EMED Mining Public Limited 12.5 Long 50 Start up of Mine
Ithaca Energy Inc. 78.58 Long 120 price target
Heritage Oil Limited 503 Medium 600 price target
Ascent Resources Plc 5.88 Medium 10 Completion of Drills
FORTE ENERGY NPV 11 Short 20 JV with Aveva
Chariot Oil & Gas Limited 37.5 Long 100 Sale of Company
Xtract Energy Plc 2.68 Long 4.5 Completion of Drills
Invista European REIT 26.25 Medium 45 price target
Kopane Diamonds 12.39 Long 35 price target
Innovation Group PLC 13.5 Short 16 price target
Petra Diamonds Limited 53 Medium 80 price target
5 comments:
Only non-fund position is Barclays which I bought at around 276p the other day.
You seem to understand these mining stocks - I don't understand them one iota.
I understand that Barlcays make lots of money and politicans talk lots of rubbish about banks while writing their shareholders cheques though.
50p target for EMED eh?
(runs off to rummage down back of sofa for spare cash).
my own long termers are rolls royce and nat. grid. gambling on BHR, wondering about physiomics and monitise.
Chariot Oil(Catto excessively bullish)
Amerisur(Oil Gas exp Para/Columbia)
Centamin (gold in Egypt)
Polo Resources(uranium, coal, copper)
African Aura(West Africa diamonds gold iron ore)
Kalahari Minerals(uranium developer)
Entree Gold(Mongolia/USA)
Platinum Australia(SA platinum)
Above are punting stocks all in good profit.
Not bas D. I try ana avoid Dattels though - not sure he is in it for the investors
CU
Yes SD is slick and some of his friends(JM)slicker. Yet.....
I also have a decent position in Charlemagne Capital which is a warrant on the Russian market. I brought down my costs of acquisition by buying a pile at 0.8p. Jayne S,MD, is smart. Much of her wealth is tied up here. AuM rising.
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