MWA + 1 week

After the first week Mwana Africa finished up slightly, It rose 12% on monday but was likely due to a positive boost from the telegraph. I think gold will continue to rise strongly due to the dollars weakness. It is interesting to see China and India buying up all the gold they can, it looks like China are trying to become less dependant on the dollar. As Peter Schiff says, China are only lending the US money because they would lose more money if they didn't. I think as time goes on and with the US goverment consistently making wrong decisions by trying to fight the recession by artifically stimulating the economy the price of gold will only go up. This will increase the profit margins of mining companies and I think mining right now is a good investment.

Mwana Africa's share price dropped from 80p to 2.5p due to the collapse of their currency (zimbabwe dollar) and their mines then closed. It is only recently they have recieved funding to reopen their gold mine and with increased profit margins on selling gold they have great potential to do well like they orginally were. They also have deposits of nickel and copper I believe which should open once they earn enough from the Freda Rebecca gold mine. Their share price is on the road to recovery and I believe they were in better position for the future now than they were before trading at 80p a share. I think perhaps the politics in zimbabwe could be holding the share price back, but the fundamentals for mwana still look good.

Mwana Africa PLC

Well badugi is meh, limit is pretty boring, i had a smallish winrate after i mega tilted lol and i ended up playing $5/$10 and making $120, withdrew and then lost $100 playing pot limit badugi, it was pretty rigged losing with 7 high badugi's 3 handed, people called incorrectly played awful and sucked out. Just done with poker and moving on to stock market :)

I had been betting on Mwana Africa since it was at 5p in July and its now at 14p, made £90 (betting £10 a point) and things are looking really good for the future. I been researching loads since July and decided to go ALL-IN with this company so to speak. I will risk ~£900 and bet £290 a point/penny on it going up. Lots of good news for the company, i.e rise of gold price, lots of funding and now there trading in USD after the collapse of the zimbawbe dollar, risky investment perhaps but could be good to go back to 80p which would bring a £20,000 profit!

Hold'em -> Badugi

I carried on to about the 20,000 hand mark at $200nl. My win rate was about 3.5ptbb/100 but we blew some money on tournament poker and short stacked once at 5/10 for fun and lost a flip. Anyway I started working recently and as I was getting tired of hold'em I withdrew and paid my friend £760. Awesome to have played $200nl but I don't think I can play without tilting right now. I was keen to reach my targets but I just burnt out so fast playing, I really have lost love for the game itself and only enjoy making $$ which isn't a good recipe for winning, but..

I recently started playing Badugi which is really awesome, its my 2nd attempt at playing it and I think I understand a lot more this time round. Tonight I will 3-table 0.25/0.5 on poker stars, it will be my 3rd night playing and hopefully post a graph soon!

First 2 weeks of $200nl

Not really many hands for 2 weeks, but I was playing no more than 4 tables, and often 3 tables so I could really concentrate, so about 20 hours of play, which is ok considering I was quite busy / ill recently.

12.5 ptbb/100 is better than I could have ever asked for for my first 7000 hands.

I have always wanted to beat $200nl but my ultimate goal has always been $400nl because to me this is where you make serious amounts of money. A few months back I felt like I was often making plays against what I thought was right, making calls I know I shouldn't. I think having this good run has really brought peace to my head and allowed me to improve and also fold those hands I know are beat.

The goal between me and my staker was to make $10,000, and to be 35% of the way already is awesome.

Whats happening !

I dunno what it is, I know I am running good, so probably partly because of this but I think my post flop skills have really clicked recently.

I made a call with ace high today which is always satisfying The board was something like QT6QT and he played his hand in a manner where he couldn't have a queen and he wouldn't bet pot on the river with a ten or JJ, he had K high. Another hand a aggro fish slightly overbet the river after check calling the flop as PFR, I checked back the turn, board was 363hh 9h8, and I called with A8, he also had K high.

Another hand today I floated flop and turn with ace high and then bet river when he checked to me, haha im crazy...

Today I seemed to avoid big hands and set ups just alot of small pots and went well, almost + 2 buy ins for today, over three 40 minute sessions or so.

Bluff !

I started today down about $600-$700 but nothing too bad, I was lucky enough to win a $600+ pot with a set vs overpair (QQ) vs q-high flush draw. I recently made some big call downs for stacks, the craziest being with A8 on 448Kx where most the money went in on the river when flush got there, he had A7o ^^. But today I made a big bluff, which you can watch from the link.

KQ Bluff

I ended the day +$371

Reached $2500

I had my birthday recently, felt hungover then the following day had family over then had an interview and I have been feeling ill for the last 3 days.

I managed to find a small amount of time to play, and add $550 to total.