February 2012 Monthly Report

February was a very odd month on the market. The ASX 200 only managed to put on 0.84% whereas the Small Ords increased by 6.18%. Such a strong difference suggests to me that investors were selling out of blue chip stocks and investing in the more speculative end of the market.

Market:	January Close	February Close	Percentage Change:
XJO	4262	4298	0.84%
XSO	2379	2526	6.18%

The strength was also reflected in my portfolio. As the numbers below show, both KGL and MHM managed to put on gains. Kentor managed to increase by over 20% with MHM putting on a respectable 5.26%

Code:	Weighting:	Share Price End of January	Share Price End of February	Percentage Change:	Weighted Change:
OBJ	19.21%	0.019	0.019	0.00%	0.00%
MHM	17.57%	0.855	0.900	5.26%	0.92%
KGL	27.83%	1.200	1.460	21.67%	6.03%
Trading	13.48%	1.200	1.460	21.67%	2.92%
Cash	21.91%			0%	0.00%
TOTAL	100.00%			16.199%	9.88%

I continue to hold the trading parcel of Kentor Gold shares as well and remain highly leveraged to any move it its share price.

Out of the total monthly portfolio gain of 9.88%, almost 9% of that (on a weighted basis) was attributed to Kentor Gold.

Code:	Weighting:	Share Price End of January	Share Price End of February	Percentage Change:	Weighted Change:
OBJ	24.60%	0.019	0.019	0.00%	0.00%
MHM	22.49%	0.855	0.900	5.26%	1.18%
KGL	35.64%	1.200	1.460	21.67%	7.72%
TOTAL					8.91%

Removing cash and the trading parcel of Kentor gold shows an increase of 8.91%.

Code:	Weighting:	Purchase Price	Current Price:	Percentage Change:	Weighted Change:
OBJ	22.61%	0.023	0.019	-17.39%	-3.93%
MHM	21.97%	1.100	0.900	-18.18%	-3.99%
KGL	22.10%	0.980	1.460	48.98%	10.82%
Cash	21.30%			0.00%	0.00%
TOTAL	87.98%				2.90%

Finally, the portfolio as a whole (excluding the trading parcel) remains in profit and up 2.90%