driver
- 02 Mar 2006 15:23
smiler o
- 17 Jun 2008 16:25
- 860 of 934
GCM up 30 % to-day, speculation on news soon !!
moneyplus
- 17 Jun 2008 21:01
- 861 of 934
Thanks Driver for highlighting Hoil to me---they are going up nicely. I hope you've checked out eel on the other side. SPP119 really knows how to generate some excitement---it looks very promising and even EK is long to 1 or more.
BAYLIS
- 17 Jun 2008 21:24
- 863 of 934
moneyplus
- 18 Jun 2008 11:33
- 864 of 934
Thanks Baylis--I'm holding tight to mine--expecting EK's 1 before the end of 2008 when we should be producing!
lemonentry
- 20 Jun 2008 12:57
- 865 of 934
Have a look at ATC. Its a coal producer that is well below the radar. Results there are expected anytime which could show a big improvement in profit given the increase in coal prices. Only 7m market cap?
hewittalan6
- 23 Jun 2008 10:10
- 866 of 934
Mentioned PMG a week or so ago.
I'm no chartist but iyt looks to my simple mind that it is in an area that should show resistance, but if it breaks through, there appears to be quite a leg up to the next resistance.
If a chartist would take a look and let me know what they think...................
Frampton
- 04 Jul 2008 15:36
- 868 of 934
No, I can't, i'm surprised this site isn't busier because of that.
robertalexander
- 09 Jul 2008 16:50
- 872 of 934
I fancy going long on Dana petroleum.
I cannot afford to buy a worthwhile number of shares[I deal in penny shares normally] but i everything I have read seems to give them an SP 20+. that said they have lost 1 in two days what do I know!!
currently holding BRR,AMER,IVE,SER,THRW,RIFT and HBOS/LLOY as 'gimmes' from dividends. I am not taking up my HBOS options as they want a 5 admin charge for 3 shares totalling 8.25.
DYOR etc
Alex
ps my portfolio down ~50% this year so beware the 'Jonah effect'
kimoldfield
- 09 Jul 2008 18:00
- 873 of 934
A risky punt, but with 2 directors putting a total of 553,550 in 9,120,000 shares over the past 2 days TAN may well continue upwards; until the next bit of bad news anyway! Let's hope that all the bad news has come out already.
BAYLIS
- 10 Jul 2008 10:38
- 874 of 934
my tip sgas.
smiler o
- 13 Jul 2008 10:46
- 875 of 934
Sumatra is a copper and gold explorer focused on Sumatra, Indonesia.IPO Details
Issue Date July 31 2008 Prospectus n/a
Issue Price n/a Lead Broker Mirabaud Securities
Market Cap 0.00m Contact Tel 020 7321 2508
Method Placing
Sector Mining
Market Aim
Amount Raised 0.00m
http://www.investegate.co.uk/Article.aspx?id=200806241007223767X
resource at Rawas of 629,000 gold equivalent ounces and a scoping study to determine the economics of various exploitation scenarios is currently being conducted by the Perth-based engineers Snowden. This was due to be completed by the end of 2007.
SCG plans to fast-track production from Rawas and the company also believes that the site has the potential for significant additional resources.
?????????????????????????///
smiler o
- 10 Sep 2008 17:21
- 876 of 934
The real reason commodities are tumbling
Article Comments JOHN HEINZL
Globe and Mail Update
E-mail John Heinzl | Read Bio | Latest Columns
September 10, 2008 at 6:00 AM EDT
To hear Donald Coxe tell it, the commodity selloff ripping through Canada's stock market is no accident. It is the result of a deliberate, brilliantly executed plan hatched at the highest levels of the U.S. Federal Reserve and Treasury.
Mr. Coxe is no paranoid conspiracy theorist. As the chairman and chief strategist of Harris Investment Management in Chicago, he is one of the most respected investment authorities in North America. He also happens to have lost about 10 per cent of his personal wealth in the commodity rout, which came at the worst possible time for his Coxe Commodity Strategy Fund that started trading in June.
This has done more damage to my personal wealth than anything in the last 20 years, he said in an interview yesterday. But he has too much respect for how the U.S. authorities engineered the collapse in commodities a move he said was necessary to shore up the global financial system to be bitter.
My attitude is, goddamn it, they're good it was brilliant.
To understand why commodities are plunging now the S&P/TSX plummeted another 488 points yesterday you have to go back to mid-July, when the U.S. Federal Reserve and Treasury first announced steps to support mortgage giants Fannie Mae and Freddie Mac.
The move, which ultimately led to the Treasury taking control of Fannie and Freddie this week, touched off a chain-reaction of market events that culminated with the wrenching decline in commodities.
According to Mr. Coxe, the Fed's ultimate goal was to trigger a rally in financial stocks, which would, in theory, help banks hammered by the credit crisis raise fresh capital and repair their balance sheets. To accomplish this, the decision to support Fannie and Freddie was deliberately announced on a Sunday, which had the effect of maximizing the reaction from thinly traded financial stocks on overseas markets.
Because many hedge funds were using massive leverage to short financials and go long on commodities, when North American markets opened and banks initially rallied, the funds were forced to cover their short positions.
At the same time, the U.S. dollar was rallying because the risk of holding Fannie and Freddie paper had diminished. The rising dollar, in turn, made commodities less attractive, giving funds that were already scrambling to cover their financial shorts another reason to dump oil, grains and other commodities.
The losses were swift and dramatic. On the Friday before the July 11 announcement, crude oil closed at $145.18 a barrel. Over the following five days, it plunged 11 per cent. Leverage was being unwound dramatically, Mr. Coxe said on a conference call last week. We had a true panic.
As oil and other commodities were tumbling, fears about the slowing global economy were mounting, giving resources another push downhill. This was also in keeping with the Fed's wishes, because lower commodity prices would help quell fears about inflation.
Mr. Coxe has no proof that the Fed and Treasury acted in concert to boost financials and sink commodities. He is basing his assertions on conversations with hedge fund managers and on years of watching financial markets. There's no doubt whatever in my mind about what happened, he says.
The future is less certain, however. Now that Freddie and Fannie have been nationalized, the credit crisis is still very much alive and financial stocks are looking as shaky as ever. As for commodities, once the current storm passes, Mr. Coxe is confident they will recover.
kimoldfield
- 20 Sep 2008 13:08
- 878 of 934
Does that little dot represent Andy Hornby disappearing into the distance Driver?