does anyone know anything about these guys?,there has been some buying and (a lot)of selling .i am trying to find something really really cheap to speculate without the fear of losing much if the worst happened.

thanks.
dexter.

MJ

MM spread movements etc, giving an impression that it's about to run then cutting back... No worries though, this one will definately run...

The last year has produced plenty of opps. for high % gains... this is just another one especially at this price... I'm looking forward to re-rating and production updates but equally happy to dip in and out on the waves... Plenty of profit to be made eh? :p

BTW - liked the Nov 2nd post you made... (Pre-edited one) never laughed so much in a long-time... Shame you had to edit it... was definately an award winner lol.

666

I agree re the future on this one. Not sure about dipping in and out, a very dangerous game with this one, and the spread rarely allows it.

Re: the edited post, yes I was pretty pissed off on that day!

MJ

No worries on dipping, got it down to a fine art now... only do it when I sense the MM & Bears are about to step in...

Shame these guy's aren't more pro-active on news updates though, especially as production appears to be well above initial target rates... 500 bpd touched according to their website. Either way, easy money...

666
PS: Rest assured, it won't be me selling 500k @ 0.25 lol

The question is, just who is selling these 500k's at 0.25p? They must be pretty desperate to get out? Could it be the last of their holdings?

MJ

Only logic I can see is it's someone who inherited them somehow or they need the money... Who ever it is, I'll buy them for 0.26 if they want to sell them...

Eitherway, it's not 'rocket science'... this one is a definite mutibagger...

666

Indeed. You could even call it a "no-brainer".

3-6 months time we will be laughing IMO. Could be even sooner as I've heard the company is in talks with the sellers to take the overhang off their hands.

MJ

Ultimately, all the 'nonsense' will give-way and it will rocket...

When it does, it's free and easy money for us... Like you say, a total 'no-brainer'...

666

MJ

0.28 up for grabs...

666

Yet another day of crap volumes being made available.

Explosive,

Sure you know this but try going for smaller blocks 100k - 250K at a time and avoid 'fill or kill' orders on amounts over this... Set a minimum buy though, to help avoid over paying fees...

A plus side is you can make the most out of any 'bull trapping' as you shouldn't affect the spread... Hence, you might be able to get a large order filled by combining two smaller ones = cancel of trade fees because of a better price on the second half...

Eitherway though, this ones a 'printing press' for easy money and the slight increase in fees will be more than compensated for... Especially at this price...

Might help...

666

666,

Very true that you've said.... Last time I tried to buy however the blocks weren't even 100K... Buying small would have meant 7-8 block bites....

Explosive,

Sounds a real pain... Not sure who your using for trades but I've found that an 'off-line' broker is best for trading in this one... The fact they have had to phone through to MM for trades each time has really helped with getting a 'value' price together with volume...

666

Well looks like someones scooped up a few million just now - offer up nearly 50%!?

MJ

MM spread in the right direction on a tighten up from the rear on the way it appears...

Just getting back to nornal trading levels will produce a great % gain on the past weeks trading...

Once this gets it's production figures out, re-rated and by the time the 'tipsters' jump on it, the cash in our pockets will be flowing big-time...

MM actually, have done us good...

666

looks like the 500,000 sell at 09:00 stopped the buying.

The spread is ludicrous, I can't imagine too many people piling in to pay 50% more than yesterday, when the bid remains unchanged!

Yes, the spread is sh*te, but this is just how it used to be until the last few weeks when they screwed down the offer. Used to be 25/40 or 30/45, 35/50 etc. So this .15 spread is just reverting to the norm.

The trick with this share is to accumulate on the occasions when the spread narrows, hopefully getting as low an average as possible. And hold with at least a 6-12 months view.

MJ

The 'equilibrium of volatility' as I like to call it.

Hold similar view on DAT Group too...

666

And now a 750,000 sale, and the offer remains high!

You have to assume they have a large buy order in?

And you also have to bear in mind that 750@0.23p is only 1700, so it shouldn't really be causing huge waves in a 4M stock.

MJ / Andy / Explosive

Watch like a hawk for the possiblility of grabbing some more should the MM spread move around again (bull-trapping) ... I know I am...

Eitherway, over the coming weeks, whatever the MM are up to, whe're seriously in the money ;P

MJ

You're right on the button for a long position too... Re: 6 -12mths...

666