Another month goes by and yet again I have missed some great trading opportunities. It's not that surprising on AIM some of my share seem to move 15-20% in a few minutes and being employed full time I miss it alot.
The key mover of the last month has been GKP, which has really taken a beating as takeover speculation comes off. However, I am still confident this thing will sell at some point this year and it will be for more than the £4 it reached.
EMED, well the election is now and a new Government should approve the mine - all set to fly at last?
XTR - I have dropped after a bad well drill in the North Sea. Having stayed with it for 3 years I have given up - no success at all and nothing to come for months. I sold at 1.5 which means on balance I came out slightly at a loss after some sells in profit and sells at a loss in previous years. I will keep tracking it, but it was only a small amount anyway (£1k).
IAE - Still awaiting takeover news, due tomorrow!
XEL - Again, now drilling again in the North Sea. Finely balanced here on a tipping point with the charts, with no news this could sink back to £1 or it could bounce. The Key is the support at 117-119p. With reserves of 116 million barrels this is valued about 1/3rd of what it should be. So a confident long-term hold.
Really looking at Circle Oil, San Leon Energy and EMG this month for future investment.