How the week played out...
We look back at the week's action but remind ourselves the reality of trading/investing on the London stock exchange.
The city is a beautiful yet brutal place depending which side of an investment you hold, Many retail (private) Investors fully subscribe to the story of greatness laid down by the company...
This is merely a decent act of PR and Marketing, the catalyst to make the right investment/trade boils down to delivery from the company along with strong fundamentals,reliable presentation of its assets and a responsible stance on risk.
Lets not focus too much on the hocus pocus here but slam into the memory bank these few simple principles.
* The city is not always as transparent and clean cut as you may be suckered into believing.
- Its a dark place with folk queueing up to kick you between the legs and empty your pockets.
* There are 25% less listed companies now on aim against the high of 1700+
- This is a reflection of the shite being weeded out (There are more likely to come)
* Brokers,Nomads,and IR are all paid for thus have the companies interest at heart.
- Many media outlets are also providing paid coverage thus work hard to clarify all of your own DD.
Stock News
Rumours of Gulf Keystone's takeover surface again after the company rebound from a lustreless performance over recent months, Xel,and Blvn are making the same noise! In my opinion Bowleven look good value at 50-60p area.Ecr minerals rally on news updates as the daily throttling eases off allowing the share price to run on. Is this buoyancy aided by genuine support or another rumour mill push? Undoubtedly there are still many points to consider but we reiterate that ecr have positioned itself in a much stronger position against early 2013.
Nostra Terra have traded flat however the CEO met shareholders at the RMPC in Clerkenwell which was well received, Matt is posturing towards a bigger entity.
(The company look a Buy on a risk/reward basis)
Orogen Gold Share price correlated with the move in trajectory both in spot gold price and sentiment towards small cap miners.
Amara - Ama screamed buy Thursday however this was a continuation of the bod supporting the company buying stock and achieving major milestones, the shareprophets.com piece is here: http://www.shareprophets.com/views/1337/amara-mining-a-buy-at-13625p
Tomco Energy have been showing some interest and volatility however the company stated they know of no reason for the rise, I scratched around to try and clarify was this a smoke and mirrors or piss and wind statement? My thoughts are there is no news yet! (watch list) however hope to speak with the company next month to validate a few thoughts...
Lek Oil Is now a company in my own portfolio as its obvious the initial news of a significant discovery via joint venture Afren has really not been factored in. As we know the company sidetracked in order to quantify a bigger than expected discovery - the statement '' we exceeded ''
Noricum Gold what a performance of late, the tale of the tape is the sector is hotting up and noricum do not want to appear left behind, As the stock winds back in the chart the next significant point is the 1.2p which would offer a bunch more upside and confirm the full trend reversal.
IGAS Retract a little after the shale boom in the U.k seems to have found further objection, I always wonder is this through hard facts or conjecture? If the theory is as good as the PM and COE suggest then start to educate and demonstrate. '' Put up or shut up ''
Motive TV Joke company look a slim picture of its former self now 0.0135p against 0.030p when we last reviewed the company.
(Its not a investment or a trade play! '' Can they get the next placing away? '')
Bears look to rev up the taper news and bulls looking to stampede for now its a few more weeks of volatility until we have a one way trajectory in the small cap. Keep your investments close and your trades closer.
I have been in dialogue with three to four Oil and Gas companies recently and feel at least one has a compelling story.
I'm not mentioning Sirius (Sxx) as last week a few pissed off shareholders stopped patting themselves on the back as it was rising like dirk digler and now look to blame everyone for the flop! (Pardon the pun)
Back to a more serious stance on the markets soon for Doc's midweek chatter.....
All the best Doc
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(These are but opinions derived from my own experiences and thoughts and do not adopted as statement of fact)
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