Continuing on...Pure Wafer discussions & Solar Panels...to CHL

Apologies for the IT Issues...

Pure Wafer PLC (PUR)

Having seen a significant increase in the the SP for those holding long, I've elected to take the same proportion of cash off the table as profit from the buy in. Purely because the market is now awaiting indicators and its positive to bank profits. This is perhaps shorter term than I liked but likewise, in the current market I believe its prudent.

Rurelec (RUR) appears to have performed a lot better than I thought in terms of the negative elements, perhaps because of the support of Santiago listing? Albeit I won't be complaining there having banked considerable profits. Ben, I'd be interested to hear how you're going on with that...so any update, not to be right but to find out how you'd done or how your fairing would be great.

For those following Gold Stocks the quality is starting to shine through, this perhaps may overlap to platinum in due course, but I'd not hold your breath. I'd avoid dross and overpaid boards where their performance is related to their share options rather than actual share price. It begs the questions why NYO still has the current board in light of the dire returns for shareholders there. Yes some market sentiment can be attributed to their performance, but there is a lot that stops with the board in terms of responsibility. The spat with Centamin Egypt has not exactly helped, albeit may be able to be leveraged off in due course for those willing to motivate certain elements. There was a rumour that NYO had an offer on the table at a significantly higher price than the current SP, if this was that case why was it not published/made public?

I'm not sure what is maintaining the current FTSE level, volumes down and little progress. This is in part mirrored by the recent results, although I'm perplex why Rio Tinto wasn't most people's favourite in light of their results. RIO were and are looking good, yes some risks but when compared to BLT Half Year Results with the paltry increase in dividend Rio wins. One could argue its BLT's prudent financial management to keep debt at or near the 30% of shareholder monies and a further near 10% repayment of debt is envisaged by end of 2014 Financial Year. 

BLT have not realised any  foreign exchange variances (losses), which is a surprise compared to its peers but the Oil bias may have helped this. Also BLT may have elected not to book derivative losses and in part because they booked some losses the previous year, which may result in an overall gain (Clear as mud). BLT, I've liked, more so than AAL, which I don't rate their assets or value but the market will no doubt prove me wrong. The investor should note BLT's Commodities Outlook, which for the first time mirrors mine to a good degree. The essence being oversupply due to low cost high quality shipments coming online and weaker than expected Chinese Growth. 

I'll perhaps review further when I have the time. 

Finally, Churchill Mining plc Jurisdictional Update  is noted, I suspect due to a high result of enquiries about 'when is the announcement coming?' Do investors really think all companies sit there not wanting to announce key news? Or are investors so pathetically impatient it shows there psychological trading model is flawed...perhaps due to over exposure or even playing with monies they cannot afford? One to think on!

Atb Fraser