Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
Trades and observations from a British contrarian stock investor
This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.
Tuesday, February 15, 2011
Angel Mining sold today after 2 day rise
I took the decision today to sell Greenland gold producer, Angel Mining (ANGM), given I was expecting some confirmation of the first shipment of gold dore by now from the Nanulaq mine. The price has risen over the last 2 sessions on rumours that news is imminent but I was spooked by the fact that it could be smokescreen for a delay so I have sold. I am reluctant to invest in companies that do not keep their shareholders fully informed of events and are constantly issuing new shares to maintain operations. It may be the Angel will issue an RNS tomorrow or by the end of the week but so be it. Its a great long term play with a good story both from its gold mine but also its Black Angel zinc prospect, but I'll stay on the sidelines for a little time and see what happens.
Labels:
Angel Mining,
greenland
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment