driver
- 02 Mar 2006 15:23
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?
smiler o
- 13 Oct 2008 10:46
- 879 of 934
kimoldfield
- 13 Oct 2008 11:17
- 880 of 934
Excellent Smiler!
unluckyboy
- 13 Oct 2008 11:21
- 881 of 934
Smiler o it Will be number 1 by the weekend.
robertalexander
- 16 Oct 2008 13:51
- 882 of 934
If you held RIFT, AMER & SER and wanted to sell one and use proceeds to increase your holdings one of the other two. Which would you ditch and which would you buy into and why? please discuss[hypothetically of course]
Assume that you DO want to re-invest the money in one of the above three and that you do believe all three of the companies and you only want to lose one because you are top-heavy in the sector.
robertalexander
- 23 Oct 2008 17:15
- 884 of 934
AIMR has tanked and now will almost certainly be de-listed from the AIM[post AGM vote].
In the latest RNS it says that if I do nothing that my shares[i hold 15000 of them current total value ~40,for a loss of 110] will be transferred to the aussie market.
Given the low value of my holding is it worth letting it ride on the aussie market in the vain hope they ever recover and can I trade them if I do?
Yet another of my wonderful share choices.
For those who think I have the Jonah touch I also hold GIP/AMER/RIFT/SER/IVE/and HAWK. all currently languishing at a loss:(
Alex
moneyplus
- 22 Dec 2008 12:49
- 885 of 934
Have a good break Driver--Merry Christmas and Happy New Year! It's been very quiet on here lately--I'm still in ive, ser, and hope blnkx and hoil are going to reward me very soon!! check out UCP--indian property co. and ROS for my 2009 exciting prospects. not in UCP yet as it's risen too fast and I think it could be a trap---I've fallen into too many of those this year! best wishes all.
driver
- 11 Nov 2010 15:39
- 886 of 934
Red Rock Resources (RRR)
Still looks cheap at 9.9p this will take off when production starts at the end of Dec
Proactive investors
Tuesday, November 09, 2010
Red Rock Resources gets massive boost after corporate update
Red Rock Resources (LON:RRR) shares rocketed in afternoon trade after the group announced plans to fast-track a second gold mine in Colombia, and highlighted a substantial resource upgrade at Jupiters newly acquired Tshipi manganese project in South Africa.
The shares were trading up 43 percent in late afternoon deals at around 8.90 pence, off intraday rises of more than 50 percent.
Red Rock also confirmed that associate Jupiter Mines (ASX:JMS) has now completed the deal to acquire a 49.9 percent stake in the massive Tshipi Kalahari manganese project in South Africa. Simultaneously it reported a substantial increase to Tshipis JORC resource.
In Colombia, Red Rock and its associate, Mineras Four Points SA (MFP), have decided to fast-track the development of the Machuca min, bringing gold production online alongside the El Limon mine at the end of December.
Initially Machuca was scheduled for development at a later date, supported by cash-flow from El Limon, but now the companies believe that a simultaneous development would be more efficient.
Red Rock and MFP have arranged a second loan agreement to fund the Machuca development.
It will provide up to 1 million in new financing - with 500,000 in loans and a separate additional draw-down facility.
Red Rock has options over 51 percent of MFPs equity, via the terms of the initial financing deal agreed in June.
Jupiter upgraded the Tshipi resource, with an additional 145 million tonnes at 31.75 percent manganese. The latest resource adds to the existing 163 million tonnes at 37.1% Manganese.
Back in March Jupiter agreed a deal with Pallinghurst Resources (JSE: PGL) to acquire the massive manganese project (163.23m tonnes grading 37.1%), in a A$490m share-based transaction,
Jupiter will issue around 1.1bn new shares to the Pallinghurst co-investors at a price of A$0.2110 per share.
Red Rock now owns a 5.23 percent stake in Jupiter - down from 22 percent - now that the transformational merger is completed.
moneyplus
- 15 Nov 2010 11:55
- 888 of 934
I hold RRR and have high hopes! also CNR, XEL, AGQ and DXR are doing well for me.
even PXS is perking up. after last year-I hope to make up some losses.
driver
- 21 Dec 2010 14:24
- 889 of 934
Time to let the world know if you already dont, MeDaVinci (Orogen Gold) MVC check the thread.
(Deli Jovan Gold Project) the cheapest Gold play out there get in while you can.
http://www.moneyam.com/InvestorsRoom/posts.php?tid=15489