Wednesday 17 August 2016

Sometimes I'm So Right

Forget yesterday's post!

I was right about WRES:W Resources all along. They cynically follow up a good news story about financing with a placement of 171,428,569 shares at 0.35p and the share price plummets by 14.6% and yesterday's gains almost entirely vanish.

They're not lovely!

Today was a third down day on the trot, losing about £200 portfolio value in my share account and ISA, although the SIPP was up £100 with most shares up a fraction, except ALM:Allied Mind which did it's usual trick of showing a gain but the bid price plummeted as the spread widened, so for my calculations it lost ground.

LOOK:Lookers posted absolutely stunning interim results, and the share price promptly dropped 2p. I really don't know what it's going to take to lift these back to pre-Brexit, or indeed pre-pre-Brexit levels.

OPTI:Optibiotix slipped even lower today, taking my paper loss to £950. I decided to post on the ADVFN bulletin board. Not sure why - just felt like writing something to express my mixed feelings of frustration and optimism. I did a wee plug for the blog too...

I de-risked the holiday money crisis by extending my current account overdraft to £3,000. Now I can pay the whole lot without being forced to sell anything prematurely. It's especially important as I really want to know what the cutoff date is for KIBO:Kibo Mining shares qualifying for free shares in the new gold mine. If I sold them just before that date I'd be very mad. Having said that, the cutoff date could have been before the RNS, in which case I can sell them as soon as they haul themselves up to 6p.

Starting to regret selling HMI:Harvest Minerals as they went up another 16.9% today. I really wasn't expecting it to keep going so far before a re-trace.

Another good day for IKA:Ilika toay. These are now back up to the price I paid for them and only losing commission, so hopefully both my battery companies will be in profit by the end of tomorrow...

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