Minimize

Welcome!

Change in my portfolio further to Monday’s announcement.

Big Al
June 27, 2012

For the record, I decided not to sell my position in Formation Metals because of a misunderstanding on my part with the Company.

I will still be purchasing Lupaka Gold, but am delaying my purchase until Monday, July 2.

Big Al

 

Discussion
14 Comments
    Tex
    Jun 27, 2012 27:19 PM

    Any thoughts about NZ Energy? They seem to be in a downtrend despite their recent news.

      Jun 27, 2012 27:31 PM

      Tex –

      I would hang to it, even though it has had a rough ride of late. It has a great growth profile, its oil is priced in Brent terms (which is favorable) and it operates in a very positive jurisdiction. It has raised sufficient near-term capital and oil pricing now has more upside than downside risk.

      The company has not yet drilled any of its wells using the fracking method. That fact alone quiets down the radical green crowd.

        Jun 27, 2012 27:36 PM

        Evening Going Down Fast,

        I agree with you.

        Big Al

      Jun 27, 2012 27:35 PM

      Evening Tex,

      No new thoughts. Perhaps people are selling stocks that are liquid.

      Big Al

    Dan
    Jun 27, 2012 27:01 PM

    Hi Al, haven’t heard much from PEM lately. IMO, if the SP is going to increase, then there has to be some activity on the ground. I thought we would have heard something by now. AGM on Friday.

      Jun 27, 2012 27:18 PM

      Sorry Dan for not read your post before I wrote mine….

      Jun 27, 2012 27:37 PM

      I have talked with Del a couple of times. He indicated that drilling would continue.
      Waiting game!

      Big Al

    Jun 27, 2012 27:16 PM

    I gotta admit…was kind of wondering what the FCO sell was about…I think it’s a great hold.

    Jun 27, 2012 27:47 PM

    Happy Birthday to your daughter. Al, while you are in Vancouver is there a chance you may be dropping in on your friend Del and the AGM meeting for Premium on Friday? Since may of my friends are a little east of Vancouver we were wondering if you could possibly give us an update on either Friday or Saturday so we can all enjoy the upcoming holiday season….
    Thanks for any help, Joe

      Jun 27, 2012 27:38 PM

      Total misunderstanding on my part. This is one time that the three day notice saved my bacon!

      Big Al

      Jun 27, 2012 27:40 PM

      I will make it a point to have an update after the AGM.

      Great time in Vancouver, by the way for Steph’s birthday.

      Great wine out doors on Granville Island and then a GREAT Cajun dinner at a restaurant at 14th and South Granville!

      Fun, fun and more fun!

      Best Big Al

    Jul 12, 2012 12:51 PM

    If PEM is cheap why has mgt bought NO shares?

    The paid themselves $400k last year. Spent $500k on IR, but have bought 0 shares at $0.06.

    Not a single share bought by directors or officers. If they aren’t buying why should I?

      Jul 12, 2012 12:09 PM

      DRdig,

      I am not an investment adviser so I can say absolutely nothing. I know what I am doing and that is I am not buying any more shares.

      Big Al