I have been quite content with the portfolio recently, hence the lack of changes. Last year I made a few sales on what I considered highs with intention on buying back in after a drop. This strategy worked well on a number of occasions but having looked at the figures and taking into consideration trading costs I would have done equally well just holding tight. This year, when in doubt I intend to hold. I am aware that this as it makes for a much less interesting website so from now on a intend to cover all of my shares and not just those covered in the trades table. – The original portfolio funded by the original 10k will continue to be reported on Wednesdays!

I am already starting to doubt my evolved strategy. If you take GKP for example. – Today the price rocketed from about 170p to 200p on news that the Iraqi goverment are to pass oil and gas law to enable exports… Last year I would probably have sold on this news and taken a nice £200 profit for the website… time will tell.

Early last week I decided to sell my Centamin shares. I have lost a little confidence in them lately. I chose to sell , partly due to the the uncertainty in Egypt, partly due to uncertainty about gold but also to provide some funds to get into BP. (British Petroleum). I really like idea of their new exploration strategy and you know they say… “It not what you know it’s who you know”. there is no doubt that they will be reporting massive profits next year and I cannot see the opportunity to buy in at less than £5 being around for long.

Last week I also decided to sell off KEFI minerals and Ortac both of which were moving in the wrong direction. KEFI minerals in-particular still looks to have so much potential but are waiting on 21 explorations licences (ELA’s). I am in no doubt KEFI will bounce back but I have no idea how long it will take to get these licences – it could be months… I used the funds to get into Cadogan (CAD). Up 10% this week!

I will publish all my holdings of the next few weeks and will try to publish my buys and sells on a fairly regular basis! – Wednesdays will remain just for the Website portfolio.

Good luck all.

Doug