Watching the Launch live on Arianespace’s website on Friday evening was brilliant. Even my £2pp spread bet was enough to keep me on the edge of my seat. I would recommend it to anyone!

Actually, Living in rural Cornwall the only thing that let it down was my terrible broadband connection! Luckily for me – this RNS came out on Tuesday!


“Avanti Communications Group plc (AIM: AVN), is delighted to announce that it has signed a 5 year agreement with BT for the provision of satellite broadband services via its HYLAS 1 satellite, successfully launched into orbit on November 26th 2010.”

Under this agreement, Avanti will supply satellite broadband services as required by BT as part of a recently announced £132 million next generation access project in Cornwall”

Brilliant news. – I must free up some money from somewhere and get some Avanti in the portfolio – This company is going places…

Other than the Avanti Spread, I haven’t made any trades this week as fully invested. Not much movement anywhere. – Actually i was pleased to see that markets were holding, it was looking like we might see a dip before XMAS.

We are still waiting on the flow test results from XEL. There is speculation that a resource update may follow the flow test results. Currently even if if previously posted P90 figures are correct, we are still looking at considerable gains. Yesterday morning they released an RNS with a “buy out prevention plan”. This in my view is another show of confidence and has to be a good sign.

I have had a couple of emails mentioning MOIL. Although this company looks to have good potential, there are not enough solid facts there for me. – yet… I actually ran this one past the “Troglotrader” who responded with the following. Worth keeping a close eye on though…

“MOIL – Only listed on Nov 29th: 50M£ issue, giving the co a mCap of 189M£.

The issue document just mentions ‘using the £ to explore licence areas with the hope of finding …’. Not exactly clear-cut objective – no real mention of proved reserves.

The SP has fallen from the issue price of 92.75p by 4% to 89p. The market judgement is thus that this is not exciting – only 2 trades this morning so far.

Not for me!”

BTW – Although his advice is usually brilliant, the “troglotrader” has been know to be wrong on occasions and he was keen to mention that this is not advice and is purely an opinion!

Check back next week for more updates!