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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...

Purchase: Range Resources

We've been eying them off for long enough. We listed them in December 2010 as one of 17 potential speculative investments to watch in the year ahead...

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...

Stellar Diamonds Finds….Well….Yeah, Diamonds

Stellar Diamonds today announced "encouraging initial diamond recoveries from drill core samples of the Company's 100% owned Droujba kimberlite pipe in south east Guinea". Highlights from the sample included: 538 diamonds recovered from 291.62kg of Kimberlite 5 commercial sized diamonds larger than 0.85mm recovered Largest recovered diamond measures 5.60mm x 2.80mm x 1.80mm Majority of diamonds are classified as white, colourless and transparent Macro-diamond grade forecast to be undertaken You can read the full release over at the London Stock Exchange website. Here's why we got on board with Stellar initially. Today's good news just reinforces that decision. In the month and a bit since then, Stellar Diamonds has...

Purchase – Stellar Diamonds

Diamonds are a boy's best friend. Well, maybe not best friend but with a 43% gain since we purchased a bunch in mid December 2010, Stellar Diamonds have at least made my Christmas card list. After selling up some Hutchison China Meditech and and all of our Workspace Group on 17th December 2010 we turned around and plonked the proceedings into Stellar Diamonds (STEL.L). We purchased 12,233 shares at 8.195 pence for a total outlay of £1,002.49. In the handful of days of Christmas trading since then, Stellar has packed on another 4 pence and currently trades at 12.2 pence as I type. Why...

Purchase – Edenville Energy

The remodelling of our portfolio took another small step last Thursday with the purchase of 137,204 shares of Edenville Energy at .88 pence a share. Edenville you say, who are they and what do they do? This from the Edenville Energy website: Edenville Energy PLC is the holding company of a mineral exploration and development group focusing on energy commodity opportunities in Africa. The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group's objective is to undertake mineral exploration of its portfolio of assets and ultimately to increase the...

Purchase – Berkeley Mineral Resources

On a tip from a reader - thanks Matt - we took a closer look at Berkeley Mineral Resources (BMR.L), liked what we saw and ended pulling the trigger on Monday, jumping in for 21,712 shares at 4.53 pence a share. In the three-and-a-half days since we've seen a 31% rise in the share price which is now trading around the six pence mark. Berkeley Mineral Resources to quote from the source, are: a mineral processing company with a strategy of processing tailings at former mines. They are currently principally engaged in the extraction of zinc and lead from tailings dumps at the...