More good performance..
China Green Agriculture (CGA).
We’ve only suggested a purchase at $6.5 two days ago, and already we’re above $8. And what’s more, so far the volume is very high..
Manas Petroleum (MNAP)
After an earlier profitable trade we suggested a speculative buy at 28 cents. So far, that’s working pretty well also, we’re approaching 60 cents.. Be careful though, we can’t guarantee that they will strike oil in Kyrgyzstan, were Santos, their farming out partner, is about to commence drilling. On the other hand, the five properties they have worldwide is quite a nice collection, and with rising oil prices that should provide some protection.
For instance, from the Manas’ presentation May 6, 2009, Scott Pickford evaluated net to Manas Kyrgyzstan property as 182 US$MM (EMV 10) at US$ 35/bbl. They say a $10/bbl increase in the oil price represents an approximate $290 million and $73 million increase to the Unrisked NPV and EMV10, respectively.