I sold Giralia for 90.5 cps (cents per share) this morning. Bought them at 69 cps, with a plan to sell when they reach 89 cps. Feel a bit hard to part with GIR, but I guess this is a good chance to learn to stick to the plan. Gain is around 31%. I am still watching the share price movement, hopefully will have a chance to reenter.
Note: There was a trading halt announcement just after I sold mine.. It will be open again on Friday. Watching it with interest.
Exited DYL
I sold all my DYL holding this morning for $0.505 per share. Bought them a while ago at $0.41 and $0.48 per share. I hope I didn't sell them too early (unfortunately, I usually do...). There is still no news on the drilling in Namibia, which was said to be done around Easter. I'm still watching this stock and might consider to enter again at the right price (if there's any).
Also bought some HZN.ASX (Horizon Oil) share this morning for $0.305 per share. I was a little bit unsure of buying into Oil and Gas, but this one seems to be ok.
I am afraid I've also missed out AGM. It is already up around 10 cents since I tried to buy it and missed.
Also bought some HZN.ASX (Horizon Oil) share this morning for $0.305 per share. I was a little bit unsure of buying into Oil and Gas, but this one seems to be ok.
I am afraid I've also missed out AGM. It is already up around 10 cents since I tried to buy it and missed.
The Ox is Charging?
Oxiana (OXR.ASX) was up another 10 cents today, closing up to $3.13. So tempted to sell and secure some profit before it going back down. Or maybe it was just a start?
This article from the 'Sydney Morning Herald' is one day old, but still quite nice to read, it gives me (at least) an idea:
Feverish trade suggests Oxiana is in play
Jamie Freed - April 5, 2007
ABOUT 10 per cent of shares in mid-tier miner Oxiana changed hands yesterday, adding fuel to perennial speculation of a takeover bid for the $4.2 billion company led by former Rio Tinto executive Owen Hegarty.
Oxiana shares rocketed 21c, or 7.5 per cent, to $3.03.
Sydney broker Southern Cross Equities was responsible for 40 per cent of the $442 million of trading, according to Bloomberg. This would give the broker a near-substantial stake on behalf of a client. Southern Cross's senior director of institutional broking, Charlie Aitken, was unavailable last night.
More than 28 million shares changed hands in one trade at about 3pm, leading to chatter that US gold company Newmont Mining had sold the Oxiana shares it picked up through the Australian's recent scrip bid for Agincourt Resources. Newmont had held Oxiana shares on two prior occasions through other deals and sold them both times.
Heavy buying followed, with multiple parcels of more than 1 million shares each changing hands between 4pm and 4:10pm. Oxiana, which mines copper, zinc, gold and other metals, has long been deemed a prime takeover candidate for several suitors due to its quality assets and open share register. Canada's Teck Cominco, Zinifex and Anglo-Swiss miner Xstrata have been mentioned as likely buyers. But Xstrata last week made a similar-sized bid for Canadian nickel miner LionOre.
There were market rumours last night that UK-listed mining giant Anglo American, which recently appointed a more aggressive chief executive, Cynthia Carroll, could be linked to the heavy buying in Oxiana. London-based Anglo spokeswoman Kate Aindow said her company never commented on speculation.
Before the heavy trading yesterday, Deutsche Bank analysts upgraded Oxiana to a "buy". In an afternoon report, Goldman Sachs JBWere's institutional dealing desk said it had not heard who purchased Newmont's stake, but added it was bullish on Oxiana."Oxiana has $750 million of cash on the balance sheet by next year and very little debt," Goldman Sachs JBWere said. "[We're] happy to keep buying Oxiana at these levels."
This article from the 'Sydney Morning Herald' is one day old, but still quite nice to read, it gives me (at least) an idea:
Feverish trade suggests Oxiana is in play
Jamie Freed - April 5, 2007
ABOUT 10 per cent of shares in mid-tier miner Oxiana changed hands yesterday, adding fuel to perennial speculation of a takeover bid for the $4.2 billion company led by former Rio Tinto executive Owen Hegarty.
Oxiana shares rocketed 21c, or 7.5 per cent, to $3.03.
Sydney broker Southern Cross Equities was responsible for 40 per cent of the $442 million of trading, according to Bloomberg. This would give the broker a near-substantial stake on behalf of a client. Southern Cross's senior director of institutional broking, Charlie Aitken, was unavailable last night.
More than 28 million shares changed hands in one trade at about 3pm, leading to chatter that US gold company Newmont Mining had sold the Oxiana shares it picked up through the Australian's recent scrip bid for Agincourt Resources. Newmont had held Oxiana shares on two prior occasions through other deals and sold them both times.
Heavy buying followed, with multiple parcels of more than 1 million shares each changing hands between 4pm and 4:10pm. Oxiana, which mines copper, zinc, gold and other metals, has long been deemed a prime takeover candidate for several suitors due to its quality assets and open share register. Canada's Teck Cominco, Zinifex and Anglo-Swiss miner Xstrata have been mentioned as likely buyers. But Xstrata last week made a similar-sized bid for Canadian nickel miner LionOre.
There were market rumours last night that UK-listed mining giant Anglo American, which recently appointed a more aggressive chief executive, Cynthia Carroll, could be linked to the heavy buying in Oxiana. London-based Anglo spokeswoman Kate Aindow said her company never commented on speculation.
Before the heavy trading yesterday, Deutsche Bank analysts upgraded Oxiana to a "buy". In an afternoon report, Goldman Sachs JBWere's institutional dealing desk said it had not heard who purchased Newmont's stake, but added it was bullish on Oxiana."Oxiana has $750 million of cash on the balance sheet by next year and very little debt," Goldman Sachs JBWere said. "[We're] happy to keep buying Oxiana at these levels."
Kimberley Diamond Company
"...Hey, Habibi, I bought you a diamond company!..." Gee... How ridiculous does that sound.
So I bought some shares of Kimberley Diamond Company (KIM.ASX) this morning, very attracted by it's considerably low price (at the moment). Entry price was $0.815 per share. The company seems to go ok, with strong sales in diamonds and all, but somehow the share price went down wildly. I hope this was a good buy, not catching a falling dagger.
Kimberley Diamond Company is an independent diamond producer listed on the Australian Stock Exchange with its corporate headquarters based in Perth, Western Australia. Kimberley's focus is mining and marketing high-value rough diamonds from its 100%-owned Ellendale Mining Operations, located some 2,000 km north of Perth in Western Australia's Kimberley region.
Commenced commercial diamond mining and marketing operations in mid-2002, Kimberley is one of only two diamond producers in Australia and is rapidly expanding its production base at the Ellendale Lamproite Field - where it controls resources containing more than 5.6 million carats.
Kimberley also holds a 55% interest in the ASX-listed diamond explorer Blina Diamonds NL, which controls a high-quality 1,800 km2 tenement package covering and surrounding the central core of the Ellendale Field, including 50 identified lamproite pipes and a number of diamondiferous alluvial channels.
Major Shareholders: AMP Limited, Merril Lynch & Co, Inc , JP Morgan Chase and Co
So I bought some shares of Kimberley Diamond Company (KIM.ASX) this morning, very attracted by it's considerably low price (at the moment). Entry price was $0.815 per share. The company seems to go ok, with strong sales in diamonds and all, but somehow the share price went down wildly. I hope this was a good buy, not catching a falling dagger.
Kimberley Diamond Company is an independent diamond producer listed on the Australian Stock Exchange with its corporate headquarters based in Perth, Western Australia. Kimberley's focus is mining and marketing high-value rough diamonds from its 100%-owned Ellendale Mining Operations, located some 2,000 km north of Perth in Western Australia's Kimberley region.
Commenced commercial diamond mining and marketing operations in mid-2002, Kimberley is one of only two diamond producers in Australia and is rapidly expanding its production base at the Ellendale Lamproite Field - where it controls resources containing more than 5.6 million carats.
Kimberley also holds a 55% interest in the ASX-listed diamond explorer Blina Diamonds NL, which controls a high-quality 1,800 km2 tenement package covering and surrounding the central core of the Ellendale Field, including 50 identified lamproite pipes and a number of diamondiferous alluvial channels.
Major Shareholders: AMP Limited, Merril Lynch & Co, Inc , JP Morgan Chase and Co
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