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Investing in African Minerals on the London Stock Exchange

African Minerals as a source of wealth is nothing new. From the Romans to the British Empire, there have been major fortunes made from investing in African resources. Although the chances of making an Empire’s worth of money are slim, there is certainly the possibility for some smart investments into African minerals today. A number of different African minerals companies are currently trading on the London Stock Exchange, and for the savvy investor, this sector represents a major opportunity. African Mining Mining is one of the biggest industries throughout Africa, and the continent is rich in a number of minerals that are increasingly...

Norseman Gold Results

Reassurance that Norseman Gold is getting operations back on track came in the form of their third quarter results released Tuesday 1st May 2012. We wrote about Norseman a couple of weeks ago, having taken up 41,768 shares at 3.92 pence in late March (Norseman shares have changed hands at well over 60 pence within the past 18 months). It was a very speculative buy at best and one based entirely on Norseman's intention to conduct a "complete review of operations". Norseman's problem has never been lack of gold - they own Australia's longest continuously running gold mining operation, which has produced...

Norseman Gold

So we've been trawling the depths of AIM for months now adding distressed companies to a dossier of potential turnarounds. It's a bulging bundle, but I am an optimist by nature. Our latest investment, Norseman Gold - like many companies we've bought into over the years - has certainly seen better days (we added 41,768 shares of Norseman to our portfolio at 3.92 pence a share on 20th March 2012). When looking to add a holding to our portfolio, better days usually equates to higher prices so provided a few criterion are met, I'm happy to trade recent bad performance for...

Berkeley Mineral Resources

Anyone looking at the three month chart below (courtesy of SharePrice.co.uk) could be forgiven for assuming that June contained a profit warning or the like for Berkeley Mineral Resources. But not so! Just another month in the life of an AIM-listed minerals share.     In fact, since June of this year, in this amateur's humble opinion, there's been pretty much nothing but good news coming out of Berkeley Mineral Resources. Let's take a closer look. Below is the nuts and bolts of the past couple of months worth of BMR's news releases in a timeline. For the full releases that these (italicised) snippets are...

A Little Look at Alecto

We bought a bunch of Alecto Energy back in November 2010, our reasons then were speculative but simple: "Alecto has been awarded three gold and copper mining and two uranium mining licenses in the Mauritanide mobile belt of Mauritania and there’s the possibility of more good news on the horizon." Since we jumped on board, trading in Alecto has been within a range of between three and four-and-a-half pence a share. Volumes are probably slightly down on where they were six months ago but without doing too much homework on the matter, I reckon that's probably true across the board for AIM...

Alecto Energy Gains Following Final Results

Following the announcement of their 2010 results, Alecto Energy added a healthy glow to our portfolio on Tuesday, finishing 24% up on the day. We bought into Alecto back in November last year at 3.75 pence a share on the back of their three gold and copper mining and two uranium mining licenses in the Mauritanide mobile belt of Mauritania and the possibility of more licences to come. I like a company that has its irons scattered in a few fires. In yesterday's results Malcolm James - in his Chairman's report - had this to say: This has been an important year for...

Purchase – MeDaVinci

Although it sounds like a back-street peddler of pharmaceutical art, MeDaVinci - after a change in direction - is nowadays firmly in the mineral exploration game. The change in strategy and resultant restructuring (MeDaVinci was originally a Medical tech investor) came about following a review of their investment portfolio in mid 2009. In the period since, MeDaVinci has been looking at it's options. This from the Final Results for the year ended 31 March 2010: Since the year end the company has re-focused the investment strategy of the company to one focused on companies involved in mineral exploration and production in Europe. As...

17 Potential (Speculative) Investments for 2011

Following on from my most recent post - Which Shares Should I Invest In - I've spent a few days pouring over my own pool of potential investments. No small job in the end as the list had ballooned to over 50 possibles, thanks in no small part to suggestions from our readers. I've had a cursory glance over the lot of 'em and have very crudely trimmed that list back to 17 based on a bunch of criteria that underlines my investment philosophy (I'd love to look more deeply in to each and every one of them but there's...

Purchase – Pan Pacific Aggregates

The last of our November purchases was Pan Pacific Aggregates (PPA.L). We took up 446,161 shares (sounds impressive huh! I'd probably go with diluted) at 0.28 pence a share for a total outlay of £1,249.25. The plan here is to wait for these bad boys to hit £2.50 each and we've made our million and then some. Hey, faint heart never won fair maiden. Anyway, back to reality...

Purchase – Dominion Petroleum

Following a tip from a reader a couple of weeks back, we took a closer look at Dominion Petroleum - an independent energy company focused on exploring for new oil and gas reserves in East and Central Africa. Currently Dominion are active in offshore Tanzania and the Lake Edward Basin in and around the Uganda, Democratic Republic of Congo border. It's been a rocky path for Dominion since it was founded in 2004. Trading in Dominion Petroleum was suspended in July 2009 before a US$10 million injection from Blue Gold Hedge Fund got them back on track. They've since been back to...

Purchase – Atlantic Coal

Earlier this month we added Atlantic Coal (ATC.L) to our portfolio purchasing 402,226 shares at .41 pence a share for a total outlay of £1,649.13. To quote from the tin, Atlantic Coal are: a coal production and processing company, focussed predominantly on open cast mining and the processing of high-grade, low emission coal. Its primary asset is the Stockton Colliery, a union free opencast anthracite mining and processing operation in the Pennsylvania Coal Field, US. The Company has a highly experienced team, whose expertise and knowledge is being utilised to position Atlantic Coal as a consolidator in the sector, targeting known coal...

Berkeley Mineral Resources

Not quite the volatility this week as in the past few weeks but Berkeley Mineral Resources (BMR.L) is still attracting a lot of investor attention following on from Friday's interims (pdf file) and ahead of the much-anticipated confirmation of their Kabwe acquisition. Berkeley Mineral Resources in the news Berkeley Mineral has funding for Kabwe acquisition (26.11.2010) Mining and processing company Berekeley Mineral is on the look-out for more things to buy once it has completed the acquisition of the remaining tailings at Kabwe, Zambia...