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Resource stocks dominate the list of winners

Fri, 24th Dec 2010 20:20

In the unlikely event that a family member will buy you a TARDIS or some other time travelling device for Christmas, here is an overview of stocks that you should have bought at the end of 2009.Oil and gas-focused investor and adviser Parkmead Group put in a late spurt to claim the title of best performing stock of 2010, racking up a 34% rise on Christmas Eve to pip mining stock Condor Resources. The rise seems to have been inspired by news on 23 December that Nightwish Investment had increased its stake to 3.36% of the company. Even before that announcement the company's shares had been a hot property, with the catalyst for the demand being the appointment, in October, of Dana Petroleum's founder and chief executive, Tom Cross, as executive chairman.Cross built Dana up into a FTSE 250 company before reluctantly capitulating to a hostile takeover bid from the Korean National Oil Corporation. Shareholders are gambling that Cross will work the same sort of magic on Parkmead.List of best performers in 2010   Stock Price on 1 Jan Price on 24 Dec % change 1 Parkmead Group (The)  1.08 24.5 2169% 2 Condor Resources  0.43 9.75 2167% 3 Arian Silver  3.75 44.25 1080% 4 Niche Group  0.55 5.5 900% 5 Encore Oil  14.75 132.75 800% 6 Beowulf Mining  3.5 29.5 743% 7 Chariot Oil & Gas  23.5 192 717% 8 Premier Man.Hdg.  0.28 2.25 704% 9 Nautical Petroleum  49 391.25 698% 10 Red Rock Resources  1.85 14.5 684% 11 CML Microsystems  26 163.5 529% 12 Avesco Group  21.5 122.5 470% 13 Mulberry Group  170 906 433% 14 Elektron  8.12 42 417% 15 Blinkx  16.75 86 413% Condor Resources, meanwhile, is a stock that started the year with a share price not even in single digits but which ended it almost in double figures. The gold and silver miner, focused exclusively on exploration in South America, saw its share price take flight after an upbeat interim results statement in late September was quickly followed by encouraging drilling results from its Nicaraguan assets.Completing a clean sweep of the top three for AIM-listed resource stocks, Arian Silver , the Mexico-based silver exploration, development and production company, had a strong fourth quarter, prompted by some encouraging operations updates.At the beginning of the week before Christmas the company announced that mining at the San Jose property is progressing well with 15.2% of the total programme now completed, and the first batch of concentrate consisting of 12.4kg of silver per tonne. Additionally, Arian's chief executive officer Jim Williams said that the San Jose Vein presents exciting potential in 2011, as the group increases its production while silver prices are expected to rise.Niche Group, the investment company that switched into oil and gas exploration in May, saw its share price go moon-bound after it invested £5.6m in Oman Resources to finance exploration of a licence block in the Tuz Golu basin in south central Turkey.John McKeon, who was a founder of AIM-quoted oil and gas explorer Circle Oil, is a consultant to Niche and director of Oman. He is also a consultant to Premier Management, which is transforming itself from a sports agent to a potential gold miner in Kyrgyzstan, and an investor in RAM Investment Group. McKeon's associate Donal Boylan is an executive director of Niche. The aforementioned Premier Management Holdings was another of the top ten performers of the year, despite the shares shedding 28% of their value over the last month.By now, you should be picking up on two themes from this review of top performers: the stocks are invariably small companies, and involved in either mining or oil. We have to move outside of the top ten risers before we move beyond the resource sector, to the world of technology stocks.CML Microsystems, which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, rose steadily throughout the year but the share price really kicked on in October when it announced an agreement under which Toshiba Electronics Europe will provide a variety of Application-Specific Integrated Circuit (ASIC) design and manufacturing services to CML's microprocessor division Hyperstone.Giant TV screen renter Avesco had investors clamouring for the shares in December as it looked likely to benefit from the court case between Celador and Walt Disney over the US profits from TV show "Who wants to be a millionaire?".Avesco, which has a stake in Celador, stands to earn $60m from the court case. Avesco said on 22 December that Disney's appeal against the decision had been thrown out.
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26 Sep 2018 13:09

Arian Silver Loss Widens On Expenses, Plans Alien Metals Name Change

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20 Sep 2018 14:22

Arian Silver Secures Approval To Changes Name To Alien Metals

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10 May 2018 13:42

UPDATE: Arian Silver Shuffles Board, Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Thursday it has new raised funds through a private placing on Tuesday and also announced major changes to its board.Shares were trading 18% a

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10 May 2018 12:48

Arian Silver Shuffles Board As It Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Wednesday it has raised funds through a private placing on Tuesday while also announced major changes to its board.The exploration company of

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9 Jan 2017 08:12

Arian Silver upbeat after high-grade results at San Celso

(ShareCast News) - Arian Silver Corporation announced high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico on Monday. The AIM-traded firm said the results demonstrate that San Ce

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20 Dec 2016 09:06

Arian Silver discovers two major veins at Los Campos

(ShareCast News) - Arian Silver Corporation reported evidence of the presence of two major vein systems on its wholly-owned Los Campos project on Tuesday. The AIM-traded company said the discovery followed the completion of the work programme to advance targeted exploration, which was initially anno

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24 Aug 2016 12:53

Arian Silver extends exclusive gold, silver project evaluation period

(ShareCast News) - Arian Silver said the exclusivity period for it to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd has been extended by 60 days to 28 October. There was no cost incurred in securing the extension, which followed a 120-day period. As reported previously

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29 Jun 2016 11:13

Arian Silver Loss Widens In 2015, Seeks Near-Term Revenue Projects

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Arian Silver Starts Metallurgical Test Work At Noche Buena

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4 May 2016 09:36

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4 May 2016 09:01

Arian Silver Pays For Exclusivity On Mexican Tailings Evaluation

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28 Apr 2016 17:13

Arian Silver raises £700K through share placement

(ShareCast News) - Arian Silver Corp.'s shares fell on Thursday after the company announced a £700,000 fundraiser to boost its balance sheet and fund projects. The company placed 70 million new common shares at 1p each, with the proceeds to be used for advancing the exploration of its mining concess

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28 Apr 2016 08:10

Arian Silver Raises GBP700,000 To Advance Mexico Exploration (ALLISS)

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