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%

January 2012 Monthly Report

January was a rubbish month for my portfolio. As the numbers below show the overall market performed very strongly and got off to a stellar star for 2012. Unfortunately my stock failed to follow suit.

Market:	Close December	January Close	Percentage Change:
XJO	4056	4262	5.08%
XSO	2209	2379	7.70%

The ASX 200 managed a very impressive gain of 5.08% with the Small Ords performing even stronger to close the month up 7.70%. No matter how you look at those figures they are bloody good, especially seeing as most of 2011 was filled with negative headlines about the US, Euro and the end of the world as we know it. (Just goes to show how pointless mainstream media is).

Code:	Weighting:	Share Price End of December	Share Price End of January	Percentage Change:	Weighted Change:
OBJ	17.32%	0.018	0.019	5.56%	0.96%
MHM	15.84%	0.900	0.850	-5.56%	-0.88%
KGL	25.09%	1.200	1.240	3.33%	0.84%
Trading*	12.16%	1.100	1.240	12.73%	1.55%
Cash	29.60%			0%	0.00%
TOTAL	100.00%			5.354%	2.47%

At an individual stock level OBJ managed a gain of 0.001 cent to increase to 0.019. MHM had a shocking month to close down 5.56% and KGL put some minor runs on the board.

The only saving grade was my trading parcel in KGL which I managed to pick up at $1.10 for a weighted gain of 1.55%. (I can’t recall the exact date I purchased these and it may have been in the last days of December so I may need to revise this section of the report at a later date.)

Code:	Weighting:	Share Price End of December	Share Price End of January	Percentage Change:	Weighted Change:
OBJ	24.61%	0.018	0.019	5.56%	1.37%
MHM	22.50%	0.900	0.850	-5.56%	-1.25%
KGL	35.63%	1.200	1.240	3.33%	1.19%
TOTAL					1.30%

Without cash or trading parcel the portfolio only increased by 1.30%, which really underlines how poorly my stocks performed during the month.

Code:	Weighting:	Purchase Price	Current Price:	Percentage Change:	Weighted Change:
OBJ	20.44%	0.023	0.019	-17.39%	-3.56%
MHM	19.86%	1.100	0.850	-22.73%	-4.51%
KGL	19.97%	0.980	1.240	26.53%	5.30%
Cash	28.86%			0.00%	0.00%
TOTAL	89.14%				-2.77%

At the end of the month the portfolio remained 2.77% underwater.