share buy , glad to have bought in at this level , this reminds me of acp wnen i first bought in and when buyers start to move in and with good news how fast acp moved will not surprise me to see this share price start to move up especially with larger buys coming in
good post......read with interest and felt my own perception chimes with yours. Now for the really juicy bit........who do you like in Au and Ag.
Platinum is a mess and above all others the Companies have been screwed by the slow down recession.
Production has dropped of a cliff and its not just about a bad metals market but about South African social engineering. I am sympathetic but I don't find their slogans about redistributing the wealth of the Mines down to the population very convincing..........rather the fat cats are grabbing for themselves..........heard that one before ??
I suspect when it all unwinds ( gold production declined by 70% at least ) we will just see it as a rerun of Zambia in the 1970 and of course it was the Chileans who took the market then and still hold it ..........lets hope they keep on keeping on.
In years of investing I have rarely seen such thin and "spat out" markets - and this applies almost right across the board of AIM and junior trading - as now. This is happening despite continued easy money and the period preceding Xmas when rallies generally are relied on. I suspect this is due to a disinflationary cycle 2011 - 2013 in the "advanced" economies but is the quiet before the storm. Silver and precious metal mines are rationalising fast everywhere - projects aborted and director boards exposed as incompetent. Production is falling in this sector and will not supply world demand in the years to come. My thought is that we are gradually ending the current bear market in silver, platinum and gold and we should therefore hold share stock with reformed balance sheets.
The much criticized Lind finance deal was not popular at all. But as Corbs mentions it did get us thru a tricky patch when money men didn't want to put money into mining.
The problem was of course that the price set was backward looking which, in some peoples view left the sp open to the machinations of the short sellers and others resulting in huge numbers of shares being created at very low prices.
This new deal sets a floor under the sp which at time of negotiations effectively kicked the sp up 25%. It is still stupid value but in a small way this deal recognises our potential and we KNOW shinning wont sell below 0.62p.......so again as Corbs says it is an advance.
The future here is massive dilution over the next 3 years ( that's the nature of the business ) so you may want to keep buying to keep in the game.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.