Back from a well deserved rest (yes, even bloggers take holidays) to find the value of Contrarian Miner at £157,074 – down 2% since I last posted on 22nd August in line with the performance of the FTSE 350 Mining index. Not entirely unexpected (as you may recall when I posted last I was looking for things to sell to create a cash moat), but unfortunately I didn’t get to take advantage of last week’s better buying opportunities. I did buy a further 100,000 Poseidon (ASX: POS) at A$0.056 but that still leaves me with cash of £8,821- not quite burning a hole in my pocket but not much use hanging about either.

Key fallers in the portfolio over the past fortnight have been ASX-listed Panoramic (-13%) which for me looks like an opportunity to add to my small position, Goldcorp (-8%), Antofagasta (-7%) and Lonmin (-7%). Offsetting those losses have been gains from Potash Corp (+9%), Caledonia Mining (+6%) and Firestone, Gemfields and Maurel et Prom (all +2-3%).

Portfolio below.