Back in town

It's been a long time...

We quite often start things and we either lose interest, get too busy or it all becomes too hard.

I really enjoyed posting about the stocks that caught my attention and hopefully assisting others in identifying opportunities.  It's been over a year and a half since my last posting to this blog but I'm hoping to change this and start posting semi-regularly when I can.

I've sort of made a start with sending out some tweets to my followers recently.  For the times that I can't post in detail to my blog or it's a time sensitive piece of information I'll send out a tweet.  I highly recommend that you click on the "follow me on twitter" banner!

For those that have followed me on Twitter recently may have come across a couple of gems!  These have included alerts to watch:

• Toro Energy (TOE) - Identified that the MD of TOE was in India with Prime Minister to sign uranium deal ($0.08 -> high $0.13) and;
• Capital Mining (CMY) - Alerted to the acquisition of Chinese Cloud Computing company ($0.005 -> high $0.013)

Today and yesterday I also alerted followers to OGI Group (OGI).  I sent out a high priority tweet yesterday afternoon at $0.007 after the company announced that they were acquiring graphite licences adjacent to Triton Minerals (TON).  It took some time for the market to digest the news before the stock closed at $0.01.  Today the company went on to open at $0.014 and trade right up to $0.03 before settling down to $0.024 on close.

TON today announced it's Nicanda Hill Maiden JORC Resource.  Trading was very erratic.  In true TON style the stock opened up high before getting sold off to close up $0.09 at $0.405.

For a piece of nostalgia on TON and it's initial moves, I dug up a previous post here:

http://asxstockselector.blogspot.com.au/2012/08/syrah-resources-syr-nearology-play.html

How far they have come in two years!

Happy trading.

Toro Energy trending up

Uranium stocks are ones that have been out of favour for a while now.  The big boys such as Paladin Energy (PDN) and Energy Resources (ERA) have been trending downwards and sideways respectively whilst uranium spot and contract prices have also been doing the same.  Despite this something appears to be going on behind the scenes with Toro Energy (TOE) if the trading in its shares are anything to go on.

I briefly mentioned Toro Energy in a post at the end of August and was impressed with an article that covered the company in the Australian Financial Review.  At the time the shares were trading at $0.099.  Since this time they have bobbled up and down however trading in the last couple of days has caught my eye.  At 3pm AEST the shares are up $0.015 to $0.13 on volume of 13.7 million and these kind of volumes haven't been seen since January this year.  I believe some form of good news is around the corner.

Toro Energy: interest from Asian suitors

The Australian Financial Review had a nice write-up in yesterday's paper regarding Toro Energy (TOE).  The article discussed how there was many Asian companies interested in becoming joint venture partners for the Wiluna uranium project in Western Australia however Toro Energy was happy to progress with necessary approvals solo for now.

Also discussed was the fact that other companies from around the world were keen to sign offtake agreements.  Toro Energy is hoping to be in production come 2013 and it is handy that it's major shareholder OZ Minerals (OZL) is still sitting on a lot of cash itself.

TOE shares last traded at $0.099 after being on continuous slide in the last year but bouncing from $0.064 in June 2010.