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>> Interesting what Buffet says re diversification. Looking at Berkshire Hathaway portfolio he seems fairly well diversified :)
Yes, on other videos he said that given the amount of money involved, it is almost impossible for Berkshire Hathaway to focus on a small number of companies. With smaller amounts of money involved, you should focus on a very limited number of investments - he mentioned 2-3 - very good investments. Why would you put money into your 10th best idea for example.
>> I do not doubt we own Kalengwa but where is the development, what are we getting for our money for example ?
Sorry to be blunt but forget Kalengwa. Whether that happens or not is most likely irrelevant to the future share price. We should be spending on Bushranger and Eureka at the moment.
Thanks for the comments about the slide, I am in 30% of my overall holding and I have been here a while as can be seen by my history. I like the recent assay results and drill reports and cannot wait for a new JORC. My fear is a legacy of underdelivered promises from CB in the past. I do not doubt we own Kalengwa but where is the development, what are we getting for our money for example ?
>> I wonder if mr buffet would scoff at the idea of going in with 100% in an exploration miner on the AIM index in probably one of the most volatile sectors?
I watched a few other videos. In summary he says that when you have a smaller amount to invest (less than $1m), look at small-cap companies in an industry sector you understand really well that have high upside and minimal downside. So I think he might be OK with you :)
I'll see if can find the relevant video.
Interesting what Buffet says re diversification. Looking at Berkshire Hathaway portfolio he seems fairly well diversified :)
Maybe he should put it all in Xtract, Returns should be better and it would help the sp move a bit higher :)
https://www.cnbc.com/berkshire-hathaway-portfolio/
I have 90%+ of my capital in here. Substantially more than £100K invested. This got a bit messy for me and I kept averaging down and down over many years just looking for a spike to get out and get all / some of my money back.
I probably broke every sensible investment rule but, by more luck than judgment, I am in a substantial profit. As I was £200K underwater at one time I’m happy to take the risk and hold for possible 30p+
Success for me now is walking away with all my money back.
Great watch Steve gave me a warm fuzzy feeling.
I wonder if mr buffet would scoff at the idea of going in with 100% in an exploration miner on the AIM index in probably one of the most volatile sectors?
Don’t think he would, if your research leads you to be confident in your investment. These opportunities do not come about often for exploration miners, let alone private investors. As he says, “ if you only put 20% of your worth in, you could waste the opportunity of a lifetime.”
So, ask yourselves, Does the eventual sale of the Racecorse deposit and associated assets fall into the “strong possibility category?”
Watch from the start.
>> Sound investment strategy went out the window a long time ago. But, as I am reassured by my own research I do believe in my current strategy to create meaningful wealth.
I've never been a believer in diversification, but here is a video from someone with a little more knowledge than me (Warren Buffet) who is not a fan either. According to him, what you are doing (and me) is fine.
https://www.youtube.com/watch?v=ZDpuhEv8D5M&t=167s
>> Look at what % of shares have actually been traded in the last few days.
I decided to answer my own question. Since Nov 15th, when the share price closed at 5.95, we have had 12 trading days. Over that time the total trading volume has been 28m. There are 845m shares in issue, so the total amount of shares traded during the fall from 5.95p to 4.8p, including buys and sells, was 3.3% of the total available.
Lets assume a 60-40 ratio of sells to buys, which looking at the individual trades seems overly pessimistic, that means only 2% (1 in 50) of shares were sold. I refer back to my original comment about MMs playing games :)
20% for me which is a bit too high but that is down to the price increase
When the fundamentals are simply too compelling for the market to ignore any longer, it will then start to move up. Until then this will bounce along between 4 and 6p it would seem. Personally I have been quite content to increase my holding as the assays are confirming increases in the resource as they come in. Yet, market cap has stayed low possibly being kept down with the prospect ore shares being sold on and other general market influences. So happy to be paying peanuts for shares still as I accumulate. This stagnation would have previously given me the jitters. Nobody likes to see their capital stagnate. I have almost 100k GBP invested here accounting for 90% of my capital. Sound investment strategy went out the window a long time ago. But, as I am reassured by my own research I do believe in my current strategy to create meaningful wealth.
Who else is almost or all in based on percentage of capital?
does make me a bit jittery though
Steve speaks sense
I first bought XTR back on sept, at 3.80.
My current average is now 4.88, as I've bought more and more, (it's my 3rd largest holding), so I am now in a loss.
My research suggests this will be worth X times the current value. I just need patience.
Any temporary drops in the share price will be just temporary, so I will ignore them.
Obviously it's nicer if the SP is climbing all the time, but it should get there in time.
@eastern_investor
A few things to consider. First you need to look at volume. If the share price is dropping on minimal volume then it is usually the MMs playing games. If the price doesn't move up and down, no one trades and they don't make any money, plus they need shares for when the price does start to move up. Look at what % of shares have actually been traded in the last few days.
Second, you need to consider who might be selling. 50m prospect ore shares issued at 1.25p became available to sell just over a month ago. Those people are 4-bagging when they sell, so it is understandable that some might sell now, especially if they aren't following the company news. Then there are usual AIM investors, bored after a few days and running toward the latest shiny thing.
If you have done your own research and have confidence in that knowledge, then you are better off than 90% of AIM investors. In that case, it is much more likely that people less informed than you are selling rather than people in possession of some secret knowledge that you lack.
Steve4077, my own research says BR is looking good but two weeks of falling SP makes one wonder ?
>> I am a bit nervous about the current slide
Why are you nervous. Are you concerned that your own research is missing something?
Nothing to be nervous about, prospect ore shares look as though they are still getting sold off even today.
Too much news to be excited about to be nervous!
I have to admit, arguments about Kalengwa aside, I am a bit nervous about the current slide. I do hope we get some positive news soon. That said, even with good assay results, this barely moves. Will there be copper this Christmas ?