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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 – 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...