everybody dreams of picking the right penny share for the top.i myself am about to start a new portfolio and would like some ideas from the punters on this forum.

THUS: "not only are they on track to be cash flow positive within a few months"

Er how long has this company been going for?

Point taken about multibaggers Paul. I think this applies to turnaround stocks, there have been lots lately, FIB and PIC are random examples [which in honesty I considered but rejected].

The mining shares are a bit different. Most are designed to be penny shares in the first place. One or two fold (Navan) or do accordion imitations (Minmet). However these are quite spottable by peeps of moderate intelligence/experience, but no special knowledge. Most small mining shares stagger on somehow, at least they have done over the last couple of years. The usual pattern is a spike when they do some deal, get good drilling results or otherwise attract attention. Then they fall back again.

Some indeed establish trends and give 2x or 3x returns over a year or two (AVM, POG, CER). Only one in recent years has gone from a few pennies to over a pound (Brancote). So, it seems to me, a 40% or so target in a timeframe of six months, plus or minus, is not unreasonable, and if you get it sooner, you jolly well take it! The buying opportunities outnumber the selling opportunities, in short.

Tips section:

HPD Exploration (HPD), about 10p to buy, well planned and financed gold explorer.

Hereward Ventures (HEV), 5p-ish; Gold Fields has a stake bought at 7p and is financing exploration activities in Bulgaria

Flintstone (FLT), see own thread, sort of non-tech tech incubator, hit a low sub 10p -- VERY speculative but if sellers gone could move pretty well. If it wanted to promote itself to the market, I think it could, but managing for now with private placements.

EDIT: Re HIF, I know I was a bit enthusiastic higher up, but a sudden need for cash arose. My usual rule is to run winners, sell losers. However deeper reflection suggested with HIF, the Cata Preta deal is not necessarily a poor one, but they were pushed to get SOME deal and it was probably the one that was available. Anyway I hope I covered myself by mentioning the distribution at 3p. I still think it is likely to revisit that level, more so after the further placing.

2nd EDIT: Friday a.m. -- sold DGO @ 23.44, 25% profit in 3 days will do me. Traders taking profits and mainly small punter money coming in, I thought it would correct a bit

well done PW, you were right about DGO instead of FTO but I am still hoping for a turn on mine.

Thanks Gardyne. I don't feel that clever to pass up another 2p on DGO available by the close. However the chart shows a "flag half way up the mast" which it fulfilled and then quite a bit more 10p -- 16p -- 26p. The 100k trades in there look like traders playing games with mms, wouldn't want to be in it on Monday.

Good luck with FTO.

I think that SGD (sectorguard)might be worth a look.They are involved with manned security sysytems and their recent results were encouraging.At 3p a share the upside could be significant.It may be worth waiting for the AGM statement but that of itself might give rise to an upgrade.I do not think you can go far wrong by studying the potential for growth in the security area.

MY PENNY SHARE TIPS - BUT BE QUICK

Dana petroleum plc (DNX) - the potential is obviously there. A must.

Celsis international (CEL) - supply deal with glaxoSmithKline in the bag
and more to come.

Thus group (THUS) - good long term punt.

Medysis (MDY) - Forget the history this share is going to go some, more results
due out Aug 03.


All well priced between 14p & 27p. Money in the bank!

cmr - cambridge minerals are due for a very big three weeks.

firstly a week monday should see an update on current drilling programme and they have already announced amazing grades higher than 10g/t and these will be confirmed. It should confirm a whole new blind orebody extension

Secondly they have flagged up that they are about to do a cash flow JV which will transform the company - the agm is aug 7th and my bet is they will conincide this annoucenment with that.

Thirdly last week saw several large buys - mainly in the afternoon - and it is my impression they ahve interest from canada.

well worth a look

corus group(cs)-further gains after rumours of refinancing green light?

DTC news expected according to posters on ADVFN

well 13% on cmr is a good start

PDX is still moving

In HPD (the AIM listed gold explorer with interests in New Zealand, Canada, Chile and Argentina) I detect "definite signs of accumulation" -- the old ones are the best

SLP and GMC

DYOR

MMG is a small bio tech company based in Cambridge and valued at 8 mills..shares magazine rates them a buy ..

Re my earlier posts about Thus and Cyprotex.

Am now out of Thus at 23.5p having traded it up from 12p odd taking profits along the way. May consider re-entry long if it hits 26p on very good volume, however am wary of pull backs as this has come a long way up from 5p.

Am still in Cyprotex unmargined, am prepared to hold on.

Unlikely to be taking any new positions now until September on penny shares. Best of luck all

Now is the time to get in at ground floor level....WIGMORE PLC, this company has huge potential and very profitable. Check out their web site www.wigmoregroup.com They have many contracts in the pipeline and any win will increase the share price. They have just obtained an contract for 2.5m with SCOTTISH & NEWCASTLE to build a Premier Lodge at Heathrow 133 bedrooms, Rest,and bar facilities plus all ground work. This is a gem of a company and now is the time to by. DYOR and check out their web site.

The HPD chart does not look like much, sagged from 14p flotation price and found a floor around 10p. However this gold exploration co., a spin-off from Brancote, has various projects on the go in New Zealand, Canada, Argentina and Chile.



http://www.hpdexploration.com

Here is a crazy idea I have. I would only write it on this site which no-one reads anyway. From a recent Mineweb article about Meridian Gold, which bought Brancote for its Esquel project in Chubut province in southern Argentina, but project currently totally stalled due to local opposition:

http://m1.mny.co.za/MGGold.nsf/Current/4225685F0043D1B285256D6C007F8DF6?OpenDocument

"Rumours have begun to surface that Meridian may be considering selling a stake to a partner. An analyst who asked not to be named said an empowerment type partner, i.e. an Argentine investor, who could front on social issues to allow Meridian to operate the mine, might be a good idea.

Company spokesman Wayne Hubert said the company had no interest in selling off Esquel either in whole or in part."

Meanwhile, HPD has a joint venture with the local Miguens-Bemberg family, called Patagonia Gold. Anyway they would be in the frame wouldn't they? Just a thought.

Another potential partner would be Anglogold which has worked with Meridian in North America, and operates a successful mine Cerro Vangardia in a neighbouring province.

PAtrick,

Some of us Do read this BB!

Nice idea by the way, you never know, although I doubt it personally.

Tip of the week would be Retail decisions...!

I mentioned them at 4p...but there was little concern at time...now 11p and moving gracefully...target would be to see them at 14-15p from here on, plently of serious buying going on and there is hint of a huge US contract win...

dyor...as always...

jules

Oxford Biomedica - would be my tip currently at 25ish pence but with a target of 59p they have a way to go

Good to see some of the old names back on the thread.I started this thread to get ideas on penny shares and gather information from posters.From my point of view it has been a great success and I hope it has helped others. I have just gone for the GB GROUP(GBG)who have been working on web site authentication system with BT.Anyway I suppose most people have new tips so fire away !