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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...

When Times Are Bad – An Apology

I've got an apology to make. When times are good - as a blogger - you can't shut me up. I'm talking big, the million quid looks more than doable and I'm shooting my mouth off to anyone who's willing to drop by. But when things turn sour for a month or two, well, I dash for the hills. Not a share-related peep out of me for weeks on end. I must come across as the original fair-weather investor. So apologies, all that stops today. Over the coming weeks I'll be taking a close look at each of the holdings that...

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...

13 UK Shares on AIM

You'll have to excuse this post, it's a little self indulgent and - as Lucy from Entertainment One has kindly pointed out - incorrectly titled, since Entertainment One moved to the main board in July 2010. I wanted to throw the recent (three months in this case) charts of all our holdings together in the one place so I can get a bit of a feel of what's looking good (and what's looking not so good) technically speaking as we punch on in to 2011. Usually I'd do this sort of thing without posting it but what the heck. So with a...

Purchase – Alecto Energy

The fundamental change in our portfolio mix continues. With the recent sale of all our Renesola, Clipper Windpower and OPG Power Ventures holdings and what for us is a fairly heavy (in terms of portfolio percentage) investment in Berkeley Mineral Resources, we've taken a leap into more speculative mineral waters. Ouch! Sorry, do pardon the pun. Well, that's a subjective call I guess. What's speculative to some is rock solid to others. Many would argue that the labels: solar (Renesola), wind-power (Clipper) and India (OPG) in terms of investment have speculation written all over them. My personal investment philosophy though sees no...