Pan African Resources for 2006

I agree with you howdlep! Tom Winnifrith is conservative and gets stick now and again for being so. A recent example was with Northern Petroleum. He tipped this at 2.75 in Nov 2002 [I bought in early the following year at 3.25p average]. He suggested "top slicing" [selling 50% of one's holding] early in 2005, when the share price had hit 10p. He based this advice on the grounds that drilling on the IOW [which provided 2 dry holes eventually] was some way ahead and it was better to post a four-bag profit on 50% and hold onto the rest to see how things turned out. He was really shouted at by all and sundry for daring to say "SELL"!!

NOP consolidated 1 new for 5 old shares and went to almost 100p before falling back to around 30p on the announcement of the 2nd dry hole in the IOW!!

Tom all this time had said "HOLD". He recently changed his stance to "Speculative BUY" at 45p. Once the price went over his target price [47p if memory serves me correctly] he went back to "HOLD" and he got some stick for this as well!

Personally I rate Tom Winnifrith highly though many don't. He's made me money and I like him! I went into PAF because of his recent tip!

Incidentally I have held onto my NOP shares throughout - though I now kick myself for not realizing that the 80-99p heights were unsustainable at the time. If [ah!! that word again!!] I'd only sold at say 85p and bought in again at say 35p - what a clever lad I'd have been!!!

[BTW I suspect Tom2468 was being a little sarcastic in his 89 of 91 above - but my apologies if you weren't Tom!!!]