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1.75 but route order to dealer
Rubbishing financial facts and belittle anyone with a differing view to yours is a sure fire way to build a bad reputation on these BB's, especially if your wrong. There nothing like setting yourself up for a fall.
Keep 'em coming Shifty! Still harping on about Return On Capital even after I pointed out the fallacy of using it on a junior miner, whose assets (exploration permits) by their very nature do not provide capital returns. If its Return on Capital you're interested in look at miners such as Xstrata or Lonmin. The rest of us are speculating on plucky minnow Maghreb turning round their fortunes in 2010. The Gite de L'Est deposit has near $1 billion worth of minerals ready to be tapped into once a joint venture partner comes on board to unlock the potential. "Discussions are in progress to introduce partners into the lead/zinc portfolio." (Oct 2009) Maghreb's fluorspar deposits are the other bright spot in the portfolio, potentially worth hundreds of millions of dollars. Expert commodity investors James Passin and Al Gourley believe the company is worth funding and have pledged to support it. That's some seal of approval! Shifty your statements may be "factually correct" but they're just generic statements that could apply to any speculative shares on the AIM. All shares will slide on bad news, all miners have exploration costs. By all means contribute to the debate here but your posts so far are just cabbage. Are you here for the debate or the wind-up? Wes
Hang on a minute, in my defence, what did I say in my last post that was not factually correct? Nothing. They have been exploring Tunisa for 10 years now. Exploration costs continue to mount. Capitial continues to be raised through the issue of stock. The ROCE defecit continues to grow... So, going back to my original post. You are still gambling on a positive RNS.... anything but positive news will see the SP slip again. They need a positive RNS regarding the site at Gite de l'Est - Bou Jabeur and a target date for the completion of pre-feasability study.
The 5 year chart? Who buys penny shares based on 5 year charts! Shifty says the financial results have never been good. Shifty is not god's gift to investing in miners it seems. As a junior miner Maghreb won't earn any revenues until they start mining. As a result minus figures in the results are expected. Perhaps shifty will tell us they don't offer any dividends next! The good news is that unlike some miners I can mention, Maghreb do not have any debt. They also have a financial backer who have said they will step in to provide funds when needed (which they did twice last year, raising £0.8m). It helps that this financial backer is the majority shareholder. That makes this a very safe investment in terms of financial stability. As for charts, something very interesting is happening right now on the monthly. Maghreb's share price is currently shaping up into a 'descending triangle denied' formation, which could create a sharp correction to the upside. No one else has spotted it yet but if confirmed it's very bullish! Wes
The five year chart looks grim, as do the financial results for that period. The ROCE has been getting worse year after year. I can't see any obvious positive news on the horizon. IMO anyone investing now is taking a big gamble hoping for a positive RNS, based on what I don't actually know??? Given the current spread that could be a very costly gamble should they post anything other than positive interim results. IMO this is V.HIGH risk investment right now. I'm going to watch from the sidelines. Good luck all.
What's the story here then? Had a look through their latest Annual Report, but couldn't find anything indicative of impending news in March 2010. What's your source?
By Monday we're into March. That's the month. News in March is guaranteed. This feels like a winner to me.
You'd be daft to trade on the spread. Leave an order inside at a realistic price and you never know, especially as the T/o has just picked up..
MM's protecting themselves never a good sign not a very fluid stock. As soon as I buy I'm down 28.57%.
If the Sp continues to rise then it won't be long before we get the usual suspects quoting 'I just bought these and can anyone tell me about the Company' LOL
Pal, I don't think I said my purchase triggered the Sp interest. Its all about opportunity and timing. If you read my post from last week, I had already stated I had previously got cold feet at my buy level (1.8p) Yes, I tend to agree a JV partner could sparkle a re-rating but then so could other news. One day.......................................... GL
Thanks for your advice but as I said yesterday, I bought some first thing (at 1.7p) to replace previous sold stock. But it does seem to have kicked a bit of life into the Sp. I am a bit old fashioned and don't buy on trend moves but tend to purchase on falls and sell on rises. And I agree with Wes, this is off most peoples radar. GLandDYORamping
Evenin' / Mornin' all The 30p NPV is based on just the one mine. Maghreb have a number of exploration licenses in play. The beauty of investing in juniors is the SP tends to be priced on cash flow rather than asset value. To make the most profit in these situations you need a miner with the following attributes: 1) off the radar of most investors 2) a large 'gap' between cash-in-hand and net present value 3) a path to potential funding mapped out or outlined Maghreb gets full marks for the first 2. If you can find a more undervalued miner on the AIM I'm all ears. The 3rd condition is also fairly solid. Firebird have previously stepped in to put money in the pot and almost every recent RNS has referred to the plan to get a JV partner in to raise more substantial funding and get drilling again. If you've found Maghreb already then give yourself a pat on the back. There's big money to made on the AIM and it all comes down to timing. The path to profit is to: buy low, buy before news, buy before the crowd.
I found GedW's page, 27th March 09. Cannot find anything about Multibagger. Anyway as I said each to their own. Also, thanks for the link. You can have mine for 6p (if your quick) Seems like they are caught between a rock and a hard place, see http://www.mineralnet.co.uk/Article/2377096/Channel/19575/Fluorspar-market-recovering.html GLand DYORamping. Off to Z'sssssss
The announcement you refer to is the half yearly figures. Not sure where you get an NPV of 30p? With a current mkt cap of under £2m. I think you may be smoking something to be thinking of a £10m mkt cap. So each to their own. Still at least Firebird are well in. GL
Love to know where they stem from. CBSF why do you suggest 10p? please enlightenen me. Because these have flattered to deceive for many years. Although I did buy some first thing (replacing earlier sale) And also persuaded by JennyK who was looking for excitement.
If your looking for a bit of excitement, pop over with a nice Red wine, I have the glasses!!!!. I would tread very carefully here (speaking from my own experience) Admittedly the Sp looks very opportunistic below 2p. My target price of 1.8p has been available for several weeks but I got cold feet. The Bou Jabeur mine in Tunisia is supposed to be the carat. If you trawl through blogs from GedW he was very much into these but tread carefully and as a Company they certainly don't make money. GL
2.15p to buy now , could have got them for 1.7p this morning, missed the boat me thinks!!!
Take a look at Mavinwood (MVW) - overhang about to clear. Distressed seller (Cazanove) has dumped in excess of 70 million shares since October - they are just about to be clear. It should then return to 1 - 1.5p pretty rapidly (when MVW moves, it moves!). Something brewing looking by today's volume...
Yes it is looking good to me. Just tried to buy and price is 1.95p, should have bought earlier @1.7p. Now I am not sure whether to deal.
We all know they're in talks with a JV partner, the question is who is it? Or is there more than one suitor? Is it likely to be one of the big boys or will it be a merger with another minnow? Wish I knew the answers but with a market cap below 2 million there's HUGE upside here !!! I topped up yesterday at 1.68. First bought at 2p so my average is now much healthier : ) VERY confident in this one. Lots of money to be made if you time it right.
Can buy these for 1.7p this morning, very tempted. ---------MaO-----------
If Mahgreb can get a JV going to get mining in Tunisia underway, potential mineral reserves are high. I cannot see why this has fallen back to last issue price. Maybe there is a further placing at 1.5p on its way to help fund the JV. I am tempted to get in at 1.7p and see how it goes, downside is now very limited as they have the asset. Anyone else have a view?
sold out, just had enough of the silence from the board and this share price drifting downwards.