Tuesday, 29th November 2016 13:55 - by Moosh
This week I bought 1666 MTR shares (Metal Tiger) at 2.4p (total cost ~£50).
Figure 1: Percentages of change in portfolio value and the proportion of the portfolio held as cash, since 1 January 2016
I am holding the following (assume I will hold for up to 12 months):
The cash remaining amount also includes a recent return of capital from Empyrean Energy for 1200 shares at 7.9p per share (total return of value = £94.80) and also an interim dividend from Harvey Nash Group of 1.56p per share (total dividend = £2.54). The break even of Empyrean Energy has also been reduced by 7.9p to take into account the return of value.
Recent weeks has seen the price of copper break out so I feel it would be definitely worth adding Asiamet Resources (ARS) to your watchlist especially as the company is well advanced in a feasibility study for its main copper project in Indonesia, which has been unwinding positively if you were to check the recent newsflow.
If anyone has made profit using hints and tips from my blog and would like to thank me in some way, then you are welcome to donate some of your winnings (as a guide ~1%) to Amnesty International via https://www.justgiving.com/moosh. Thanks!
Related articles:
Fantasy Portfolio 2016 www.lse.co.uk/blogs/member/moosh-blog/mufuwk
Money Management in the RSI Zone www.lse.co.uk/blogs/member/moosh-blog/zy29o4
The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.