DionM

So a bit of action today.

I sold out of Metgasco. I already have one CSM player (AOE) and am happy with them. I may investment more into AOE or look elsewhere - not sure.

I also picked up a small position in TZ Limited. I missed it's initial ramp in price by a few days last year and have been wanting in ever since. It appeals to me from a tech and a $$$ perspective - I'm happy for it to be a long term investment.

I've also been eying off Woolworths ...

Well it has been quiet! Due to the market volatility I've been sitting tight.

Today, I sold out of SBM and AGM. Both at a modest profit. Why?

SBM I had been thinking of doing so for some time. Having missed 2 past opportunities I decided to quit today while the price was up.

AGM ... I have been mulling this over for some time. Like the company (more than SBM!), good prospects but the current SP just doesn't seem sustainable. I posted my reasons ...

Whoops ... been a while between drinks!

Since my last post, the following has happened:
- SOLD MLS, RMG, MKY, MGO as part of getting rid of spec stocks.
- SOLD BPO ... going nowhere fast.

All sold either at small profits or breakeven.

Since then I also got out of BEN after only holding for a short while. Made a profit ... something strange going on with the SP. I notice I could've held on longer but eh ... I was losing confidence so ...

This is a hard one to call.

I'm tempted to dump it as it's still an explorer, and SP growth has been minimal. However, it does seem to have good promise (don't they all!). Mkt Cap is also reasonable, I think, at 65M.

But I don't know how long it will be till they start producing, and since I want to eliminate all but the most certain explorers to become producers, I think I'll sell up. I'll wait till the next round of news though, just to see.

Verdict ...

Been a bit disappointed with this one.

They posted a maiden profit recently, which was a good outcome. But they also still seem to be in explorer mode, pursuing other options, and funding the exploring from the gold profits.

As I already have a couple of other gold producers that I have more confidence in, I'll probably wait for an opportunity and sell my stake in AAR (probably on the next swing up).

Verdict:
Sell on next price jump.