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So far I’ve only written about income plays, now it’s time to have a look at the more risky side of my portfolio.
Kyrso Resources (KYS)
Kyrso has just over 5m oz of JORC compliant gold in Tajikistan. After what seems like an eternity, and a few bumps along the way, they hope to get their mine up and running and produce gold this year. My guess is that the timetable will slip but with the money in hand to build the mine and all the necessary permits in place, this looks like a project that is going to work. Market Cap is £121m, so the gold in the ground is worth about £25 per oz. As they move closer to production, it is realistic to presume the price may rise.
Mwana Africa ( MWA)
Mwana Africa PLC is a pan-African, multi-commodity resources company. The principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, DRC and South Africa. Given the location of the assets it is the highest risk share in my portfolio but I recently had a long chat with Donald McAlister and came away thinking that it is a fair risk to take.
The assets and status are summed up here: http://uk.advfn.com/news/UKREG/2012/article/55378582
Coastal Energy (CEO)
Coastal Energy has a lot of oil off the coast of Thailand. I heard them speak when the price was £1 (now £12.80) and I just can’t remember what I didn’t like but I eventually jumped on board at £6. They recently received an offer at £14, which was declined. On the basis the company is worth more than £14, I hold.
St Peter Port Capital Limited (SPPC)
You may need to take a deep breath for this one! SPPC is an investment company that invests in growth companies pre-IPO. It has made 40 investments and claims a net asset value (NAV) of 103p per share vs share price of 49.5p, suggesting the market doesn’t like the assets or the value put on them. I should add that investment is across the board, although a lot of the money is invested in oil, gas and mining. There is no fixed dividend but in the past they have paid a dividend and/or bought back shares when there has been a major realisation in the portfolio. Investment here is simply done on a belief the management will make good investments and can produce a return for shareholders. In June 2012 a vote was passed to extend the life of the company for another 5 years.
Disclosure: at the time of writing the author holds SPPC, CEO, KYS and MWA
Susan Marmor has been trading her ISA and SIPP full time for 7 years. She has made money every year, including 2008. She believes that making money is about picking the right shares at the right time and using sound money management techniques to manage risk.
For her trading she uses a combination of sound fundamental data and technical analysis (which involves using price charts and some of the fancy bits and pieces that go with them). She runs the occasional seminar to show people what she does and how she does it.
Disclaimer:
Please keep in mind that all comments made by Susan Marmor are for educational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, options, futures or any other financial instrument of any kind. Consult with your investment advisor before making an investment decision regarding any securities mentioned herein. Susan Marmor assumes no responsibility for your trading and investment results. Susan Marmor does not warrant completeness or accuracy for any observations made herein, or warrant any results from the use of the information.
“Disclosure: at the time of writing the author holds SPPC, CEO, KYS and MWA”
Now there’s a surprise!
Peter – not really….I said in the first paragraph I was writing about the riskier side of my portfolio! :-)