Thank goodness that Christmas is over. It is an absurdly long compulsory break. As Christopher Fildes pointed out thirty years ago banks do not need holidays even if people do.
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Pantheon (LON:PANR) came up with more drilling results last week. I am told that they are very bullish and I am therefore inclined to think that PANR is on its way back up again. Now 86p offer.
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Cadiz (NASDAQ:CDZI) have just announced that the specialist investor Water Asset Management LLC have bought a few thousand more shares at up to $12.3. It may not seem much but given that this investor is arguably well informed about this industry it is encouraging.
(Incidentally, the reporting Form 4 is almost as unclear as the shareholding disclosure notice adopted over here. Lest I be thought the Tooting Fusspot I stress that even a partner in Slaughter and May once told me that our current form is hard to understand. Get that.)
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Lonmin (LON:LMI) keeps ticking back up. Now 150p its target is 300p. I know those grasping little rotters, the ANC, are in the background but South Africa needs this company to succeed. There is circa $4bn of sunk and recoverable cost in contrast to the current capitalisation of just $550m.
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Meanwhile my nap for 2017 REA (LON:RE.) is now 350p. There is a long way further to go. It all depends upon a bid if we are to get to 700p but there appears to be little downside here even if FTSE comes off 10%.