Angel Mining (ANGM) have announced late in the day today that their CFO Kevin McNair has been 10 million shares in the company's incentive share plan at 5.89p. Hell of an incentive to move the share price above 6p! A lot of buys late in day so hopefully back to a blue day tomorrow after the slippages this week back from the 7p level. Disappointing that the BBC Greenland documentary had no positive impact, despite show casing the company's Black Angel mine.
With Angel Mining gold production underway at Nanulaq this remains a very strong buy in my opinion.You get a gold mine producing $32 million in sales this year plus a potential $1.5 billion zinc/lead mine at Black Angel thrown in for free.
Wednesday, January 12, 2011
Xcite confirmed at Oilbarrel forum tomorrow
40th Oilbarrel Forum Thursday 13th January 2011
2:16 PM (28 minutes ago)
Good Afternoon,
40th Oilbarrel Forum 13th January 2011 – tomorrow from 9am at our NEW VENUE
As you’ve registered to attend tomorrow’s Oilbarrel Forum, here is a quick e-mail to confirm your booking and remind you that the first event of 2011 will take place at our new venue, for which the address is:
Merchant Taylors' Hall
30 Threadneedle Street
London
30 Threadneedle Street
London
EC2R 8JB
The nearest tube station is Bank. For a map, please click here.
As usual, registration is at 9am with the first presentation starting at 9.30am, and the event will be followed by a complimentary buffet lunch – a great chance to chat to the speakers as well as other investors and industry professionals attending the show.
The presenting companies at tomorrow’s event include (in presenting order):
If you have any queries you can reach me on 020 7562 3398.
Kind regards,
Amy
Amy Clayton
Website & Communicationsend_of_the_
Minesite.com
Oilbarrel.com
Level 3, 3 London Wall Buildings, London Wall, London, EC2M 5SY
Some investment ideas once Xcite meets target price
I'm been starting some research into some portfolio additions once Xcite hits my target price of £5.50 or so and I can more sensibly diversify the portfolio. Struggling to find decent AIM opportunities outside mining and oil. But the search continues. Ideas welcome.
On my list so far are:
1. Sirius exploration (SXX) - but share price rise has been pretty aggressive over last few days
2. Rockhopper (RKH) - will be watching carefully once new well has spudded
3. Range resources (RRL) - some geopolitical risk to be concerned about e.g. Georgia
4. Coastal Energy (CEO) - hitting 52 weeks high which Contrarian Investor dislikes as entry point
On my list so far are:
1. Sirius exploration (SXX) - but share price rise has been pretty aggressive over last few days
2. Rockhopper (RKH) - will be watching carefully once new well has spudded
3. Range resources (RRL) - some geopolitical risk to be concerned about e.g. Georgia
4. Coastal Energy (CEO) - hitting 52 weeks high which Contrarian Investor dislikes as entry point
Dull day so far for portfolio
After getting up with anticipation every morning this week for an RNS from Xcite Energy, nothing so far. The shares dropped 4.5p initially but now are stable down 1.5p at 385-395p but the spread is swinging around considerably. I was a little surprised that the drop wasn't much greater but I suppose everyone's playing the waiting game and not daring to trade in and out with news due any time soon on the Bentley resources. I still believe an RNS will be issued before the oilbarrel.com conference tomorrow but the board of directors are pretty astute in releasing information only when the i's have been dotted and t's crossed. The rig news must come before the 15th to avoid a $4 million penalty.
Angel mining and Bowleven are both pretty flat today. I guess its going to be a low adrenaline day! Come on Xcite board give the Contrarian a lovely RNS this morning!
Angel mining and Bowleven are both pretty flat today. I guess its going to be a low adrenaline day! Come on Xcite board give the Contrarian a lovely RNS this morning!
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