RE: Averaging down nicely17 Jun 2018 11:48
Good morning Eish - I am happy to say that I sold out ACA on Friday with a good profit (got worried about a possible freezing of share dealing or GoT takeover of the mines) - I may day trade it if they get an agreement end of June with the GoT.
I was waiting for the massive rights issue on Petra Diamonds (PDL) to go through and last week put £40K in when the SP plunged downwards - sold at 12% profit so I am happy with that side bet - PDL worth watching next week for another trade (the GoT is holding a huge packet of PDL diamonds and blackmailing the company like they are ACA - but PDL has lots of other assets to fall back on so will be a good buy when the dust settles).
I think next week will be volatile across the SM as Trump progresses his trade war with the world but PMO and HOC might see their SP`s rise a bit . PMO joins the FTSE 250 tomorrow - so may get a boost and then the crunch point is 12th July for the first major trading update since their flagship Catcher came fully on line - if properly worded the RNS should boost the PMO SP.
A lively week ahead - so I have HOC - PMO - PDL and also GEMD (Lesotho mine with mega size diamonds now being produced and sold) on my radar
Regards and GL with your own plans.