Let's start with one of my favorite UK-quoted Gold stocks



I bought at 41.5p, and may sell in the high 60s

Damn, I remember when pescouk spoke about it (quite a bit after bubb obviously thought about it though...41.5p!?!?!?!?) How do you get the inside track on these things. It always seems too late to buy!

Aren't we supposed to be seeing a drop in gold right now?

I follow alot of stocks, I waited months to buy OXS at my price.

Here's one that I waited almost a year to buy.



I bought on Friday at 45p.

Here's a write-up from last year: http://bulgariauk.bravehost.com/iv-bgpropdev.html
I missed the IPO at 50p, so I waited for the stock to get really cheap and out of favor.
They have most recently reported an NAV of about 55-56p in August. (more today?)

I will be getting an update from management this week, and then consider whether to buy more.

Latest Company Update

with respect to gold.


currently $459.60/oz sterling at $1.7680
........fairly reasonable entry level again I think......would like a few more(bullish...yes I know!!) spooks about UK housing increase to get a really good price(market suspecting an IR increase)....before the BIG drop!

personally I think IR's should increase but will probably be on hold for a long time now!.......but the fear in the market of an increase will do just fine.

penbat1 should love that one.

I dont give a fig about Bulgarian investments or the price of Bulgarian property going up. I just want to retire there. If you cut out the middle man (estate agents) you can buy a country villa with loads of land for around £1,700 !!!

I would love it if prices just continually went downhill so villas would cost £0.05p each.

The fast summary on BGP is this:

They have a MktCap of about £4.5million, and own over 100,000 sq.meters of land near Sofia etc.
At Eur.1.48 per pound, that's less than Eur.67 per sq.meter.

They can make monet three ways:

1) The price of land can rise, and I would expect maybe 20%+ per annum on average, as Bulgaria slowly catches up with the rest of Europe. BGP's land is well-located on the ring road around Sofia,

2) They can get planning permission, to build on the land, and resell, to someone who wants to build,

3) They can build themselves, and get future cash flow, as well as benefitting from land appreciation

Buy at 45p, which was below the recently-estimated NAV of 56p seemed a no-brainer

= = =

I have been in this one since C$0.41
Latest: $0.64 +0.04/+6.67% Bid:0.62(50) - Offer:0.72(25) ... update



ABS is now drilling at Pico Machay (Peru), and results will begin to come out within a few weeks.
If they are good, then the stock may soar. A move to C$1.00-plus is an easy target,
if they get strong results.

And if the results are not great, the existing resource of 580,000 ounces provides underpinning,
as do their other projects

Here's another- this is one of my favorite "Silver play", but not THE favorite

Latest: $0.70 +0.05/+7.69% 0.69(40) - 0.70(25) ... update



These guys are developing a Mexican silver mine that they bought in bankrupcty,
and they will be soon in production on another property. If silver prices soar, this one should too.
I was buying at $0.45 about 2-3 months ago

Dr Bubb

How do you buy these companies with tickers as v.GPR and so on? The same for Galantas Gold. I can see they haven't floated yet - I think I read somewhere you buy on TSI venture exchange - in Canada? I can't remember what I read and can't find it now.

Can you give some details?

Thanks

K., a good question

I do most of my trading in North American markets, where the risk/reward ratio is far more favourable. In the UK, you suffer ridiculously large bid/offer spreads, and it is very hard to make money. If you want to be successful, get away from trdaing in the UK.

I have accounts with US and canadian base brokers

Dr Dubb, any comments on the DOW and FTSE bouncing almost back upwards to where they were before the October dip ?

I may be time to short again this week.

I think this rally has come a bit too fast, and the markets are now overbought

WANT to get in earlier?... v.MAW at C$0.45 may present an opportunity

Gold explorer Mawson (v.MAW) has moved into Uranium...

/SEE NEWS BELOW/
And the chart looks as if the stock is about to take off ... chart

FLISTJARN HIGH GRADE URANIUM PROJECT GRANTED
Vancouver, Canada – Mawson Resources Limited (“Mawson”) TSXv – MAW;

Mr Michael Hudson, President & CEO, is pleased to announce the granting of the 200 hectare Flistjärn nr 1 exploration permit by the Swedish Mining Inspectorate (Bergstatten) for a term of three years. As described in the Mawson News Release dated August 23, 2005, historical sampling by the Swedish Geological Survey encountered high uranium oxide grades in 1977. Ten samples assayed from a fracture network over an area of 600m by 550m, ranged from 0.07% U3O8 to 21.06% U3O8 and averaged 5.5% U3O8.

Uranium mineralization at Flistjärn lies on the south-western extension of a 14 kilometre long lineament which hosts a number of uranium prospects. The vein style mineralization at Flistjärn is hosted by a structurally-bound block of Paleozoic sediments within Precambrian volcanics, in the County of Jämtland close to the Norwegian border. Mineralization is characterized by vein fill of colloform pitchblende with lesser pyrite, chalcopyrite and silver-rich galena.

The two principal mineralized structures dip sub-vertically and trend in a north-easterly direction for over 600 metres and 250 metres respectively. Each structure is comprised of veins and fractures across a total width of up to 2 metres. Other uranium occurrences exist in structures perpendicular to the main fracture network, parallel to the thrust which divides the Paleozoic and Precambrian age sequences.

A map of the area can be found at
<a href='http://www.mawsonresources.com/index.php?page=ProjectsFlist.' target='window'>http://www.mawsonresources.com/index.php?page=ProjectsFlist.</a>
Surface rock chip sampling and geological mapping at Flistjärn will commence within the next month once appropriate stakeholder approvals have been sought.

Thank you Dr B

It does look interesting

Had a look at quite a few TSX Venture tickers - mostly exploration, mining companies. Is it a bit of a lottery choosing the right ones? Or is there solid ground for believing what some companies say over others? How can you know? I know you use charts, but suppose you couldn't use them any longer - how would you choose stocks on this index?

I give a recent example: I think there was a Greek company recently that was marketed by Evolution Beeson Gregory - can't remember the name and it was very bullish about oil it was going to drill and be 'rich', along with all its investors, over night. It turned out there was no oil and the stock plummeted. I suppose management can lie/mislead at any time as with any stock. But having looked at the volatility of this index looks quite scary - with +25% and -25% on a daily basis for various stocks - how do you know who's telling the truth? And why such big jumps?

Thanks

I think you're referring to Regal Petroleum:

http://www.eandpnet.com/articles/3870



The problem with oil is you never really know if it's there until you drill it. You can choose stratigraphically promising structures, shoot all the 3D seismic and CSEMI magnetometry you like, but the well can still turn out to be dry. In terms of reducing the risk of 'dusters', you should invest in oil companies which are drilling near to or in the vicinity of already-producing regions (such as Aminex, who are drilling in the Bohai Bay area); investing in companies prospecting in regions where commercial quantities of oil have never been found (such as Falklands Oil and Gas) is always going to like betting on a roulette wheel: land on black (oil) and you get rich beyond your wildest dreams; land on red (empty/dry) and you lose your stake.



On a couple of the oil boards I use the skittishness of Canadian retail investors is legendary; many a healthy profit has been tucked away by taking advantage of irrational Canuck panic.

Q. What's the definition of a gold mine?

A. A hole in the ground with a liar at the top.

Can anyone recomend a good broker for canadian markets. I use iweb and they don't cover it?

Cheers

Many thanks IPOD for your view. And there's certainly some truth in your joke, as I thought.

Mr Nice - you can open a trading account that covers the UK, US and Canadian exchanges with TD Waterhouse. It's a Canadian company by origin - though it's got a lot of offices all over the world now. Choose Trader Plus and the cost is £12.50 per trade if you carry out less than 7 traders per quarter.

Well, Regal wa one I stayed away from and considered shorting.

It is VERY important to meet management, and do some due dilligence, if you can. I dont always get it right, but when I have gotten it wrong (and lost big money), it has often been when i did not meet management, and I was relying upon a "hot tip."

My advice: do NOT rely on tips- even from me. Develop your own methods of checking what you read and hear.

Having said that. My last suggestion, v.MAW is doing well:
"v.MAW at C$0.45 may present an opportunity". It sure did. It touched C$0.78 today,
and I had lunch with the CEO and it sounds like all is going well. The drills are turning on the gold projects, and they have some samples to take on their uranium properties.

I may do some selling (but not all), between here and $1.00 plus, having acquired the shares at below $0.50.

There's my method: buy cheap, and sell into soem into strength after it moves up 50% or so. My reasonably firm rule for these small speculative companies is: "When it doubles, sell half." That gets your original capital back, and then you have a free ride

Yep,

US markets are the best to trade. The market where I live has been stellar recently(OZ) but liquidity in the stocks that are likely to mover a bit is not so good for larger parcel sizes. The time frame is not so hot for me though.

Cheers

Great day for Gold & Silver, and the companies that mine them.

Looks like we are headed for $500 plus

MORE LINKS to charts
SLW.wts are now my second most valuable holding.
chart

Stocks like the following look set for big moves:

Canyon Resources (CAU): chart

Northgate Exploration (NXG): chart

and the rest!!!!.

I'm happy with my loading-up. got lots at $410 when exchange rate was rock bottom,and have put more in over the last month.

I'm happy the uranium punt is working too....had a feeling nuke would rear its head earlier this year.

I may still add if I see a good entry point.sub $480 and I will be happy,looks like £/$ will do the rest of the work for me.

I wonder if anyone bothered to look at my suggestions above?

They have done very well. If you bought the next day:

===== Nov.18th : Nov.25th : Change
CAU --- : $0.78 .. : $1.01 ... : + 29.5%
NXG --- : $1.44 .. : $1.62 ... : + 12.5%

The performance of the real portfolio set up for the S-Pig Challenge has continued positive:

Date----: US$value: GBPValue/ chg.% - gearing : as%nav
19 Aug.05: $ 36,500 : £20,312 +0 1.6% -- +$ 1,307: cash
26 Aug.05: $ 46,953 : £26,041 + 30.2% -- +$10,635: cash
02 Sep.05: $ 55,126 : £29,927 + 49.6% -- ($ 8,637) 15.7 %
09 Sep.05: $ 54,099 : £29,482 + 47.4% -- ($12,585) 23.3 %
16 Sep.05: $ 65,606 : £34,897 + 74.5% -- ($12,910) 19.7 %
23 Sep.05: $ 74,617 : £41,967 +109.8% -- ($10,197) 13.7 %
30 Sep.05: $ 82,394 : £46,735 +133.7% -- ($17,117) 20.8 %
07 Oct.05: $ 89,964 : £51,088 +155.4% -- ($23,992) 26.7 %
Date------: US$Value: GBP eqv. at £/US$ :change
14 Oct.05: $107,536 : £60,789 , $1.769 +203.9% - ($35,951) 33.4 % model portfolio
21 Oct.05: $111,106 : £62,914 , $1.766 +214.6%
28 Oct.05: $113,818 : £63,979 , $1.779 +219.9%
04 Nov.05: $105,621 : £60,320 , $1.751 +201.6%
11.Nov.05: $108,912 : £62,593 , $1.740 +213.0%
18.Nov.05: $114,397 : £66,615 , $1.717 +233.1%

25.Nov.05: $119,060 : £69,504 , $1.713 +247.5% New High
Note: I now have 28.9% cash in actual acct.