selling both FRP positions, +19% and +14% respectively.

Exactly one year ago tomorrow, we entered FRP for the first time at $0.75 then added another position a month later at $0.78

Finally with this news, we may realize a profit.

While FRP is rejecting the offer, we note that gold looks weak in the near term and future production at Perama Hill is by no means a certainty nor is a future higher offer for FRP stock.

A conservative approach would be to sell only one position at this time, but we're happy to book whatever gains we can in today's difficult markets and especially in precious metals speculative holdings such as these.


Thus far in 2008 we've closed 10 positions for an average 23% gain on an average holding period of 7 months which implies an annualized gain of 39%.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a diarizing of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult your broker or investment advisor before making any investing decisions.

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