me too sir! a strange platform to trade most days, definitely wouldn't use my stops on a stock on AIM, I do like the comfort of FTSE though. I only dabble here for a little adrenalin however I have a few gems which are already performing well a long long road of heartache and pain my 3 tips for 2014....ALO, PTCM & LGO. dyor
I don't see any value here atm, with £3 mill in the bank and a market cap of double that at £6mill, being such an early stage miner means more funds will be required to prove up resources and a long time away from becoming a producer.Having said that, I can see a spike coming soon when these placing shares hit the market as the main investors will try sell some on at a higher sp to recoup initial funds and get a free ride with the rest.GLA
So, a transaction in Eritrea and Henderson sells, not quite the endorsement we would have liked. What do we know of the Eritrean mining law, when I checked it was a minimum ownership of 60% as the govt can "buy" 35%?? not ideal. Also Andiamo have spent $10M, and have what? I'd have liked a resource for that. While I'm not against this, anything is better than Sturech, I'm concerned that this was a deal for deal sakes.
II like you have been in the AIM gime for some years now and have reached much the same conclusion. The whole market has changed in the last 3 years and I am unable to understand what drives the market now. So my strategy has changed. To stick with shares that I know and have well researched, dip in and out on peaks and troughs and hope for an overall rise. Chasing very short term gains is still mugs game but not as much in todays cllimate. GLA
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