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....
