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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 – Herencia Resources

Our last purchase for 2010 was Herencia Resources - a mineral exploration and development company with a primary focus on developing its Paguanta zinc-silver-lead-gold Project in northern Chile. Herencia's Paguanta Project is made up of 14 licenses covering a 39 square kilometre area located in the northern section of the main Chilean porphyry copper belt. The area is home to a number of the world's largest open-cut copper mines. Herencia's Paguanta Project comprises: The JORC-compliant 'Patricia' zinc-silver-lead-gold Mineral Resource The 'Doris' high grade copper-silver Prospect The 'La Rosa' porphyry-copper Prospect For a good overview of the history and potential of the Paguanta Project check out the...

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...

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...

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...

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...