Now we're whizzing back to the late 40's again. Someone via the robots must have taken manipulated Ol Vog down to a bargain price. I'll be expecting some big sells coming through now. All in a days work at Joe Maplin AIM casino where there's usually a electro-magnet found in someones heel at the wheel lol. Still we may get a 60p Chrismas pressie for the sweepstake. As long as Dan Goat stays away from the new tree this year the vicar will have a new swiss style bell for him and Hot Tizer egg nogg at the 'Arms for us punters.
Over the past months ( a long time - 6+ months or more?) there has been a profusion of 5k sells, often in smaller packages. Notice today 5k buys, and also some off trades last week, and wonder if 'the shorter' is trying to close out. Guess we will never know.
I have sold my 6000 trading shares, which has I brought me around £200 profit. Every little helps as they say lol. I am still down on my main holding, although Vog being the ''Aim company of the year'' should mean I get a very good profit there as well.
The sp fell on small volume and is going back, well at least over last few trading days on the same thing.
Sentiment driven and for those that vaguely think this could be a good story yet to unfold, is whilst mentally painful, of little concern imho. Not to say I like it!!
Sitting on my VOGeggs awaiting hoped news on CNG JTDs power station expansion(?), Dibamba and the rest of the list we all love so much. Bottom line is hard figures in revised interims in Feb 2016. Can't imagine not seeing the word 'profit' or 'drilling plan'.
Which AIM Champion Deserves A Place In Your Portfolio? W Resources PLC, Xtract Resources PLC Or Victoria Oil & Gas plc?
London’s AIM market has a reputation for being a risky place to invest, and for good reason — you have to be extremely careful where you invest in this highly speculative market. AIM is designed for small companies in the early stages of their lives, and most of these businesses are highly speculative as a result.
Nonetheless, there are some bargains on AIM that could yield lucrative returns for investors, although singling out these opportunities is tough. W Resources (LSE: WRES), Xtract Resources (LSE: XTR) and Victoria Oil & Gas (LSE: VOG) all look as if they have bright futures, but if you had to pick just one, which should you choose?
W Resources is a tungsten production, exploration and development company that owns four mines in Spain and Portugal, two of which are being fast-tracked to begin production within the next two years. W Resources is targeting production from the La Parrilla Mine in Spain during 2016, and production from the Régua mine in Portugal during 2017. The company received development approval for its La Parrilla mine earlier this week, so management is confident of hitting the target for initial production next year. When in production, La Parrilla and Régua are expected to have some of the lowest production costs for tungsten in the world. Furthermore, W Resources is targeting revenue of $90m per annum by 2018.
Xtract Resources has the potential to become one of the world’s premier small-cap gold producers. The company has made staggering progress over the past year improving its prospects, and during September the company acquired the Fair Bride gold project, jacking up Xtract’s resource base to over 1m ounces of gold. However, Xtract’s key advantage is the fact that the company’s cost of production is around $650 per ounce of gold, making it one of the world’s lowest cost gold producers. Gold production is expected to double over the next year and the company recently received a boost from its Chepica Gold and Copper Mine in Chile, which reported revenue growth of 153% to $448k and profit growth of 186% to $150k for the third quarter.
Victoria Oil & Gas has made solid progress on its strategic goals this year. The company’s gas sales nearly tripled year-on-year over the nine months to the end of September, and gas production doubled during the third quarter. Also, Victoria is planning more drilling activity during 2016, which should see gas production and sales increase further. During the third quarter, group gas production reached an all-time high of 15.2m standard cubic feet per day. And Victoria is cash-rich, which is rare for such a small player in
The ENEO website has been upgraded and has notices of infrastructure work being and proposed to be undertaken.
The latest entry is press release 26th November about work in Douala, headline:Eneo is resuming work on the reinforcement of the Logbaba-Bassa-Deido-Bonaberi transmission line ".
Apparently, work has been some while and phase 1 whatever it is completed.
The reason given for the work and consequences is of particular interest, load shedding occurs so did that perhaps impact on energy usage in the last quarter.
Short term pain in order to accomplish the upgrade of the Bassa-Deido 90 KV transmission line, phase 2 may mean very occasional outages in Bonaberi, but phase ! may well have had a greater impact - if the work was to limit generation then logically they will get it sorted in the wet season.
Anyway, some may recall I commented in the past that the temporary 50MW power generation at Logbaba and Bassa sits alongside 50KW of HFO capacity which could be converted to Gas and operated concurrently -doubling the ENEO gas usage. The conversion must be undertaken in the wet season to get maximum benefit the real potential show stopper was the capability of the transmission infrastructure. It makes perfect sense to me for ENEO to convert Bassa and Logbaba ahead of Dibamba as the gas supply is already in place.
The linked press release contains a statement that I think may hint at that possibility, " increase the quantity of energy transmitted" sounds great to me, we all know who is generating energy in Bassa and Logbaba:
"It should be recalled that phase 1, which just ended, made it possible to increase the quantity of energy transmitted and improve safety along the Logbaba-Bassa section."
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