Member Info for Adobong

Any idea what the goldmine is worth to another company?

More shares bought than sold but the price drops 13%! Still worth buying IMHO.

Up slightly today in anticipation of results later this month. They claim to have lots of work - if that's true then expect a re-rating.

I recommend you read The Last Oil Shock by David Strahan. I'm halfway through it and it makes fascinating reading.

Interested in buying these. Can't see them rocketing unless someone takes them over but a PE of just 8 and a yield of 8% has its attractions.

A recent review and update of the project’s feasibility study indicates a cash production cost of US$328 per ounce, which at today’s gold price of close to US$1,000 per ounce leaves a substantial annual operating surplus based on the company’s projected initial six year average annual production of 160,000 ounces per annum.

HSBC advises its clients to be overweight in Brixton (visions of fat people walking down the High St?) while Investors Chronicle says the shares are "dangerous".

Can anyone recommend any books about investing in Oil & Exploration Companies?

With the SP at 17p and NAV at 290p I'm surprised there's no orderly queue of people forming to take Brixton over.

No sales and 125,732 shares bought. It deserves to go higher.

I bought in a week ago at 0.89 and sold at 3.55p - that's more like 300%. I felt IPI was undervalued but not by a huge margin - I was looking for a small profit over the coming months. May I draw everyone's attention to the following statement issued by IPI: 26/2/09 The unaudited NAV per share was 1.12p (30/9/08 37.43p). So quite why the SP is way above that is a mystery to me. I've probably missed something - perhaps someone could explain?

Will people always need model railways? I think maybe they might! People are going to withdraw into their own homes and they'll need to do something! Anything hobby-related has got to be worth a punt!

Almost 20 times more shares bought than sold yet the SP rises less than 2%!

Having bought in at 35p and now the SP is 19.5p I'm starting to worry! I was tempted to top up at 22p but held off. How bad can things get in Commercial Property? The indications are "much worse!" I'll hold off investing more until it hits 10p! Or maybe 5p...

"Indeed, we suspect that November is now likely to be the earliest month for a cut (in interest rates) unless the economy really falls off a cliff over the summer." http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/13/cmcostofliving113.xml I think most of us are hurtling towards the sandy beach as he speaks.

Surely a Dead Cat Bounce! Things are grim and getting grimmer! How can they possibly improve while interest rates are rising and unemployment is too? It cost me £83 to fill up today - not so long ago it was £62. I'm economising as I expect several million others are - beans on toast is quite a treat!

It seems Property Investment Trusts do have to sell properties if their bank tells them to! The news that IPI have put 10% of their portfolio up for sale in order to satisfy banking requirements reminds me that you should never invest in things you don't understand. Then again, plenty of people lose money investing in things they do understand - ask Joe Lewis... But, surely IPI is over-sold at these levels?

With any share, there's a right time to buy, sell or do nothing! You have obviously bought at the wrong time! But, if you buy more now, when the share price is depressed, your average purchase price will be reduced and it won't take so long to exit at a profit. Commercial Property is in the doldrums at the moment but it won't last forever. If I had any spare cash I'd be buying these shares! Unlike Unit Trusts, Investment Trusts don't have to actually sell properties when times are hard - or am I missing something?