Thursday, February 28, 2008 7:12:15 AM
Silver line.
There was some good news this week. A sale of some Equigold NL (EQI.AX) at $4.40 brought in a few welcome $$.
One of my other divers Antares Energy (AZZ.AX), I think it is more a case of public panic rather than anything dramatic changing with the company.
What sparked it was a drill result from one of their wells that came up dry, they have producing wells but at present cash flow is negative, the exploration & drilling costs are not covered by the gas sales.
I've held off any more purchases until things become more clear, I'm not going to be a hero
One of my other stocks that had drifted down to levels of concern suddenly burst into life and added nearly 100% onto it's price today. Ceramic Fuel Cells (CFU.AX) announced an order for 50,000 fuel cell units, this put a rocket under the price.
The portfolio had a positive day despite the market losing over 1.5% today.
Regards
Neil
There was some good news this week. A sale of some Equigold NL (EQI.AX) at $4.40 brought in a few welcome $$.
One of my other divers Antares Energy (AZZ.AX), I think it is more a case of public panic rather than anything dramatic changing with the company.
What sparked it was a drill result from one of their wells that came up dry, they have producing wells but at present cash flow is negative, the exploration & drilling costs are not covered by the gas sales.
I've held off any more purchases until things become more clear, I'm not going to be a hero
One of my other stocks that had drifted down to levels of concern suddenly burst into life and added nearly 100% onto it's price today. Ceramic Fuel Cells (CFU.AX) announced an order for 50,000 fuel cell units, this put a rocket under the price.
The portfolio had a positive day despite the market losing over 1.5% today.
Regards
Neil
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