Results

Why have i been buying more shares in SDX Energy?

Published 3 days ago

It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.

Savannah Petroleum acquisition looks good value - buy

Published 10 days ago

Whenever a relatively small oil and gas company manages to raise a substantial amount of money it gets my attention, especially when you consider what the market has been like for this sector in recent times.

Tri-Star Resources - what is the end game for Odey?

Published 13 days ago

I can see why holders of Tri-Star Resources (TSTR) would be less than impressed with the recent open offer, especially given the huge discount to the share price prior to that. This isn’t a company which I have really followed closely in the past, but the recent large fundraising at a 92% discount to the previous share price, and subsequent approval at the general meeting this week, got my attention.

Premier African continues to fail to deliver

Published 17 days ago

There was a time when Premier African Minerals (PREM) looked to have genuine potential, but in the few years since then it has consistently disappointed investors and is now trading at a fraction of the share price it once hit.

Why I would still avoid Range Resources

Published 28 days ago

Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau.

When gold bounces Centamin will shine

Published 48 days ago

Gold has been very difficult to read lately, with a lot of the swings making very little sense in the context of the events that have been driving them.

Deal with BP is exactly what Serica investors had been hoping for - BUY

Published 62 days ago

Given that I have closely followed the Serica Energy (SQZ) story here closely over the last few years, and in light of the news this week, I felt that I should give my current thoughts on it.

SDX Energy offers good upside potential with plenty of news flow - buy

Published 68 days ago

Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.

Why Hurricane Energy remains a conviction buy

Published 73 days ago

Hurricane Energy (HUR) remains a favourite of mine amongst the AIM listed companies which have appraised assets and booked reserves, and I think it is one of the few which will make it into production in the near future, and has the potential to grow much larger.

SOCO International share price decline could be close to a reversal

Published 77 days ago

As an investor who has always been a big fan of oil and gas plays in general it is difficult not to focus on that particular sector at the moment, given the recovery that we have been seeing there. Some people may argue that the move has already happened and that oil prices might not go much above the $64 level that we have hit this week, and could well finish the year a fair bit lower – certainly somewhere in the high 50s wouldn’t surprise me, although a lot will revolve around the outcome of the OPEC meeting at the end of the month. Whilst that may be the case with the commodity itself, when it comes to equities many have lagged this commodity correction, and given the share price action of some of them, you could be forgiven for thinking that oil was still down in the doldrums and completely unloved.

Fortuna approval would mark a turning point for Ophir

Published 80 days ago

Several of the once really popular oil and gas companies seem to have almost have been forgotten by investors, as progress has been far slower than had originally been expected and people have gone off seeking riches elsewhere.

Fresnillo offers fantastic upside from further gold and silver strength

Published 87 days ago

Recent weakness in precious metal prices is creating some great opportunities in the equities which are affected by this, and has resulted in some mining shares dropping back to a share price level where they offer good risk versus reward.

Deep well success should drive Caspian Sunrise even higher

Published 90 days ago

I’m always wary of companies that have seen a large hike in share price, especially smaller ones in the natural resources sector, but in some cases the rise would appear to be justified by recent news.

Curzon Energy is about to IPO on the main market

Published 118 days ago

Any new IPO in the natural resources sector tends to grab my attention, and whilst there are plenty of them where I wouldn’t even consider investing my money, occasionally one comes along which looks to have a bit more potential. That would appear to be the case with Curzon Energy (CZN).

Serica Energy is on the verge of restarting production - worth a nibble?

Published 121 days ago

When it comes to the AIM resources sector, any sort of delay or news which is perceived to be negative can have a negative effect on the share price which is far from justified. Of course there is a lot of junk on the market and when bad news comes and it inevitably crashes, it is of no real surprise, but there are other companies where a temporary hit to the share price can present a great buying opportunity.

Canadian Overseas could be worth the gamble - but only if financing is secured

Published 127 days ago

Canadian Overseas Petroleum (COPL) is a company that I have followed for a while now and recently I have noticed it getting a fair bit of attention again – certainly as much as we’ve seen since the failed drill in Liberia back in late 2016.

Gulf Keystone is a very different company these days - buy

Published 134 days ago

Gulf Keystone Petroleum (GKP) was one of the most hyped up oil companies that I have ever seen during my time in the markets, and although that all ended in tears, I think it could be worth another look now as it has changed a lot since those days.

Liquid natural gas could still be very profitable for Ophir Energy in the future

Published 147 days ago

Ophir Energy (OPHR) has made far slower progress than many could have imagined a few years back, but the oil and gas fields which attracted many in the first place are still there, and the chances of them being developed still look very good.

Central Asia Metals is probably the most under-valued commodity play on the market!

Published 158 days ago

There are times when a large background seller can present a good buying opportunity, and an institutional investor offloading shares isn’t always a sign that the company is failing to perform.

Kaz Minerals offers a buying opportunity on this dip

Published 164 days ago

Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.

Caspian Sunrise could have a bright future

Published 168 days ago

Sometimes geographical location can be enough to put off investors, but in a lot of cases that is unjustified and means that companies operating in these areas can represent good value for money.

Sylvania continues to deliver a strong performance - buy for the longer term

Published 177 days ago

Sylvania Platinum (SLP) is a company which I’ve followed for quite some time and hold shares in myself - and I view today’s unexpected acquisition news as being positive for the company moving forwards.

Central Asia Metals looks a great longer term investment in copper

Published 187 days ago

On the AIM market these days it seems as though many would far rather buy into the latest pump and dump on a piece of junk, than invest in a company that is actually running its business properly and making money. The problem with putting your money into junk is that at some point true value normally shines through and the resultant share price crashes can be spectacular.

Will UK Oil and Gas ever produce large amounts of oil onshore in the UK? Er... sell!

Published 195 days ago

I haven’t looked at UK Oil and Gas (UKOG), and more specifically the Horse Hill oil field, for quite a while and a lot has changed in the meantime, so I thought it about time that I revisited it.

Silver is due a bounce - Hochschild will benefit

Published 202 days ago

Silver has been incredibly volatile this year with large swings, but it is now back at a level where I can see a good chance of a bounce coming, and that in turn offers upside on producers of the precious metal.

Sylvania Platinum looks to offer great long term value

Published 221 days ago

As long as there is nothing fundamentally wrong with the company itself, then with any leveraged play on commodity prices, which is basically what many producers are, the time to be buying is when the price of the underlying commodity is near the bottom of a cycle. It is usually hard to judge exactly where the bottom is going to be but, when it comes to platinum, I think we are nearing that area.

Mosman Oil & Gas over-reacts to very average news at best!

Published 225 days ago

Private investors often seem to have very short memories, and although many have previously been badly burned by putting money into Mosman Oil and Gas (MSMN), some were flocking back into the company again today, sending its share price rocketing.

DCD Media – 2016 results argue “measures… will ensure that the business can deliver value”. Will they?

Published 237 days ago

An 11:26am results announcement from tv distribution and production group DCD Media (DCD). Hmmm, why not a standard 7am release? Let’s take a look…

Petrofac can still recover after recent bad news

Published 241 days ago

Petrofac (PFC) has seen its share price get absolutely hammered in recent weeks, and although some will probably think I am mad, I can see a buying opportunity here at these levels.

Another good update from Randgold Resources - still a buy

Published 261 days ago

I have been a fan of Randgold Resources (RRS) for a long time and the latest update from the company continues to support my bullish view here.

Orosur looks under-valued as gold shows continued strength

Published 280 days ago

Orosur Mining (OMI) certainly isn’t amongst the more popular resource stocks on AIM and trading volumes are often verging on non-existent, but I believe that many are missing an opportunity here as they go chasing rainbows with companies that are years away from production, assuming they ever actually get to that stage!

Atalaya Mining offers a speculative play on copper prices rising further

Published 285 days ago

Copper has remained volatile in recent weeks, but is still showing far more strength than we’ve seen in the last couple of years, and I think the upward trend will continue. There are still some concerns about a potential drop in demand, but at the same time we’re not seeing many new copper projects reaching production and I can see further shortages in supply going forwards, barring a worldwide economic meltdown.

Ariana – landmark first gold/silver pour at Kiziltepe

Published 304 days ago

AIM-listed gold and silver in Turkey play Ariana Resources (AAU) has announced the first gold/silver pour at its new joint venture Kiziltepe plant in Turkey. It has been a long road but this marks the moment when Ariana completes the transition from explorer to producer – cracking news for head honcho Kerim Sener and his team. So what now?

Lekoil offers plenty of longer term upside

Published 308 days ago

Many AIM oil companies promise the earth, yet in most cases are still no nearer to actually producing anything despite a number of years having passed since their initial discoveries, so it is refreshing to see that there are exceptions to this trend.

You'll struggle to find a better copper play than Central Asia Metals

Published 322 days ago

Copper has been showing some signs of weakness in the past week or so following an unstoppable rise from around $2/lb during the early part of 2016, and despite the pullback it is still trading much higher, at around $2.62/lb, as I write this piece.

Ariana – company chat clearing up a few misunderstandings

Published 342 days ago

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

Ariana – good news: construction complete. Now for paperwork….

Published 344 days ago

Great stuff this morning from AIM-listed Ariana (AAU). The last bits of work to get the mining plant at Kiziltepe were indeed completed during the 10-day window of improved weather as previously indicated by the company, and as I had speculated at the weekend. Red Rabbit is ready to roll - now it is down to the final paperwork trail and then it is all systems go. The transition from pie-in-the-sky explorer to gold/silver production and cash-flow is almost complete.

Ariana – a buy as we await that production RNS

Published 346 days ago

Ariana Resources (AAU) is on the cusp of announcing the commencement of gold and silver production from its Kiziltepe mine, part of the Red Rabbit project in Turkey. But for recent extreme weather conditions it would be there already, but the signs are that the big news of final completion and the move to production are imminent and I expect the shares to react positively when the RNS is finally released containing the word “production”.

Serica remains a buy despite recent strong gains

Published 374 days ago

Usually when shares in a small AIM company has risen by nearly 300% from the level where I recommended it as a buy, I would be advising to take your profits before the almost inevitable retrace that so many suffer from.

Premier Oil looks to offer more risk than reward at the current share price

Published 377 days ago

Like many producers, Premier Oil (PMO) has been struggling with debt since the oil price crashed a few years back. Some have managed to refinance the debt on their balance sheets, but for Premier the process has been dragging on for far longer than many expected and hasn’t exactly helped sentiment surrounding the company. Following today’s update though it looks as though that is finally about to be resolved.

Tungsten is yet to recover but Wolf Minerals is worth a look

Published 383 days ago

Many commodities have enjoyed significant recoveries in price during 2016, but tungsten hasn’t been amongst them and isn’t far off of the lowest levels seen during the past decade.

Pittards – not a wonderful time of the year here AGAIN, profit warning…

Published 399 days ago

This does not seem to be a wonderful time of the year for leather goods producer Pittards (PTD). In 2014, there was shocking news it didn’t tell of, last year a 23rd December “materially below” expectations profit warning and this year we now have a “Situation in Ethiopia and Trading Update” announcement. As you may have guessed, it ain't good...

New mine coming online should give Orosur a boost

Published 408 days ago

Orosur Mining (OMI) remains one of my favourites amongst the small gold miners listed on AIM, and I now hold shares in the company myself, hopefully awaiting a turnaround in the price of gold.

Mosman will crash back to earth after a ridiculous share price rise!

Published 440 days ago

Even with all of the other craziness in the markets, the ridiculous share price rise in Mosman Oil and Gas (MSMN) still managed to stand out!

KEFI Minerals has been hit by short-termism but remains a buy

Published 444 days ago

Short-termism seems to be even more prevalent amongst AIM investors these days than I can ever remember previously, and this is having an impact on the share price of any company that has any sort of delay to its business.

Rockhopper still has potential but you will need patience

Published 461 days ago

Oil still has a long way to go before it is at a healthy level for many oil companies, but the recent rise back above $50 a barrel certainly seems to be creating some interest in the sector, at least for the time being.

It's time to buy Randgold Resources for a continued gold bull run

Published 493 days ago

Gold has been showing signs of weakness but I am yet to be convinced that this is justified and I think the market has over-reacted, which means that there are some good opportunities around for gold bulls.

Metals Exploration – A golden dawn really due to break

Published 502 days ago

An aborted attempt to take the company private, typhoons, a nightmare fear of political intervention and nervous creditors threatening to pull the plug, there has been little left to the imagination for shareholders, or what’s left of them, to endure at Metals Exploration (MTL).

Oil's Well that Ends Well - Stand By for A Rising Price

Published 505 days ago

Hello Share Scuffers. As I write the price of Brent crude is $47.62 dollars a barrel. That is lower than recent days when the price crawled back above $50. However, the trend is up and after reaching a nadir of $38 dollars a year or so ago, well the current oil price is a lot better now than it was.

The Blue Moon of Josephine May Bring You Luck - with Petra Diamonds.

Published 517 days ago

Hello Share Shufflers. There’s been a lot of commendation for gold miners on this splendiferous website. And quite rightly, as many of them have put on impressive share value in the continuing uncertainty about currencies, Brexit, QE and so on. But if the value of gold rises, so should the price of silver, platinum and precious stones. So let’s not forget diamond miners like Petra Diamonds (PDL).

KEFI making progress towards funding which will cause a re-rate

Published 543 days ago

Gold has definitely been one of the best sectors to be in so far in 2016, and whilst I’ve mainly been sticking to those companies in production, there are several smaller AIM listed outfits that are close enough to that stage to have gotten my interest.

DCD Media – follows no-one watching o'clock "business update", with no-one watching o'clock results

Published 600 days ago

Following a true 'no-one watching o'clock’ “Business Update” from DCD Media (DCD), it has followed suit with the results announcement – with a 4:10pm release. I wonder why...

Time to bank some profit on Lonmin

Published 605 days ago

Lonmin (LMI) shares have had a fantastic run since the start of the year, but if you haven’t already cashed in now might be the time to start thinking about it.

Bushveld Minerals deal looks good - speculative buy

Published 618 days ago

Vanadium isn’t a metal that I am that familiar with, but it is found in many everyday items where it is commonly used as an additive to steel to manufacture things such as gears, or anything else that needs to be wear-resistant, and more recently in batteries to store energy.

Plexus Holdings – new funds to accelerate Russia rollout or keep lights on?

Published 638 days ago

Plexus Holdings (POS) has announced it is working on a licence agreement to enter the Russian and other CIS states’ surface land and platform production wellhead equipment markets and has raised $5 million of new equity “to support tailored research and product development and the company's sales and marketing efforts in Russia and other territories worldwide as well as for general working capital requirements”. Hmmm…

Range Resources – back from the dead?

Published 961 days ago

This morning, Range Resources (RRL) returned from its self-imposed six-month suspension. As of writing, the stock is up 70.7% at 0.96p. After the issue of 650million shares to Sibo, for the £5.2million lifeline announced last week, Range will have 5.77billion shares. This values the company at an eye watering £53million and leaves only one question. Has the market lost its mind?

Exploration progress for Jim Mellon's West African Minerals

Published 1274 days ago

Many iron ore bosses are wringing their hands at its price halving in three and a half years. But Anton Mauve, managing director of Jim Mellon's Isle of Man-based West African Minerals Corporation (WAFM) is not one of them, even though these woes have sent the AIM-quoted iron ore explorer’s shares down from 32.75p to 5.88p over the past year, for a stock market value of £22.1 million. Following encouraging exploration results at West African’s properties in Cameroon and Sierra Leone, Mauve, a former head of Lonmin Platinum, declares ‘the gloom makes us happy’. But why?

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