By Tom Winnifrith | Monday 13 February 2017
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I think we are in a crazy market for resource juniors and I am expressly NOT recommending you buy any of the shares below. But such is the madness that prevails, all sorts of mining and oil junors are seeing their shares fly. Worthless assets, crap management, no cash. Who cares? Just say you are looking at Lithium and off we go. So this is an experiment. Steve Moore will track the 12 stocks below, largely suggested by you and report back after 1 week, 1 month, 3 months, 6 months and on December 31 comparing this portfolio with the FTSE AIM Index and the FTSE 100. Just for fun, the dirty dozen are:
Xtract Resources (XTR) at a 0.395p offer
Andalas Energy (ADL) at a 0.1p offer
Greatland Gold (GGP ) at a 0.33p offer
Golden Saint Resources (GSR) at a 0.03p offer
Orogen Gold (ORE) at a 0.18p offer
China Africa New Energy (CNEL) at a 1.4p offer
Premier Africa (PREM) at a 0.75p offer
Bezant Resources (BZT) at a 2.25p offer
Pathfinder Minerals (PFP) at a 0.8p offer
Alecto Minerals (ALO) at a 0.0625p offer
Uru Metals (URU) at a 3.95p offerp
Zanaga Iron (ZIOC) at a 9.5p offer
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