Member Info for ahha

BY far my best long term investment has been physical gold. I bought 400 sovereigns back in 1998 for £20,000 just a few days ago they were worth £150,000 Yes, there have been ups and downs....and yes, I was fortunate to have bought at a good price....but they have been a good and fairly safe investment and no tax on the profits! I wish I had bought 2000 of them. With the world markets so risky and fiat money becoming more worthless by the month......it does bring a certain feeling of security.

Oh I've got things wrong MANY times in my life time! But fortunately as time has worn on, the times I got things right out weighed the times I got it wrong. In fact the important thing was that I actually learned from my mistakes. I think I agree with you....RIO will certainly be back to £60......and even higher. But has it got further to fall before it gets there?

Though I don't think that Putin is mad enough to go nuclear........I do think opening a bottle of 30 year old malt is always a good idea! Its certainly the correct thing to do when one has had a bad day on the market.

Casapinos, , there is much truth in what you say. But I am retired now and almost 70....I don't have the stomach for nursing large losses and sitting on them for ages to recover. If you have the time and the resources to ride out the storm then fine! A good company like Rio will of course return to value......but my anxiety right now is that we could have a long drawn out wait for recovery....like the ghastly 1970s depression. I don't think I ever want to go through that again! In fact, if we had a repeat of that, I will probably be dead before the tide turns. None of us knows......we shall just have to see how things unfold. I am sitting on a huge amount of cash right now......and I am not exactly altogether comfortable with that.....for obvious reasons.

I wish to thank all those who made constructive comments about my last post predicting that these share will shortly reach £50. I am afraid to say that looking at the charts there could be a much worse scenario!!! I express my opinion not to de-ramp but maybe to alert my fellow investors out of a false sense of security....not just regarding Rio shares......but ALL shares! I've been investing for 50 years.....and I've learnt a lot in that time. Last year and early this year I made some stunning gains......and I'm eager to make more......but I have to remind myself that the good times do not last forever!!! If only making money out of shares was just to do with earnings and the health of the company!!! Looking at the charts and the possibility of a flash crash, it is not beyond the realms of possibility that these will go to £25.......now that really WOULD be a bargain!!

I beg to differ.....I think these shares in Rio will be able to be bought at £50 if not cheaper if you are patient. I see the tale tale signs.....they have already reached a recent top of £61 and everyone is bullish about commodities.....a typical ploy! They are beyond doubt an excellent company to be in ......but that does not mean they will go on rising. Institutions need to sell at a profit to pay pensions. Maybe I am being over cautious.....but lets see if my prophecy comes true before the end of this month!

Why will BP be stuck?

I think its the same old boring and painful cycle of small caps always taking the biggest hit as we enter a bear market. I am still currently a holder......but have lost most of the profit I made on the way up......I don't need to sell.......but my past experience has been that these can go much lower......even though the company has positive news. Its all to do with market sentiment......and the general trend. Almost all shares are down at the moment....and it could get a lot worse......and for some long period of time!

ROCKHOPPER.....must be considered as a very viable alternative to getting oil from Russia! All the work and effort has been done.....all that is required now is the will to extract it from the sea. Navitas the Israeli company are now involved......if the oil price remains sustained.....surely Rockhopper has enormous potential as an investment! It beggars belief that a share that was valued at £4.50p is now just 09p. I'm not trying to pump this share.......just amazed that no one seems to be interested in developing this company. It seems to me to have enormous potential.

Thank you! But surely with oil at its present price......R

Can some of you more experienced oil investors explain why BP are showing no interest in the development of Rockhopper? We fought the Falklands war over the Islands and now we have proven oil to the tune of millions of barrels. Why is no one showing any interest in developing this company when oil is at such a price?

Ha ha ha! You sound like Nathan to the people of Israel before the crossing of the Red Sea! Behold the glory of the Lord shall be revealed! A tornado of fire will block the path of the Egyptian defeatists......and the glory of the Lord shall be revealed! The Red Sea shall be torn asunder....from right to left and the children of Israel shall pass through the waters and go forth on dry land. ROCKHOPPER shares will soar! You will soon see!

Kurgan3, you are fearful and I can understand your caution. But despite your defeatism and caution......you must understand that oil shares rise and fall in cycles. Usually oil shares rise toward the end of a bull markets they did after the crash of 2007/8 Rockhopper's time has come......oil will rise with inflation.....and current minnows like Rockhopper will see outstanding gains....you would be extremely foolish to sell out now. But if you are a share holder already......why are you sending negative postings?

I was in Desire Petroleum before Rockhopper.......the shares were 1p.......I stuck in there and ended up making a £20,000 profit back in 2011. The fact that these shares are so cheap is extremely bullish!!! Navitas is an Israeli Company......do you really think this Jewish company from a people renowned for their financial acumen are entering this deal naively? They smell massive profits......and massive profits there will be!!! There are risks as with all investments......but I am sure Navitas is taking a very highly calculated risk! They will have taken into consideration the the potential of the OM settlement.....and the enormous work involved in the Falklands in discovering the oil. Believe me......this will be the most exciting and dynamic share of the next two years......and massive profits will be made!!!!!

What do the Directors do for their salary? Well they are very good at saving the few, lean, scraps of hope, right to the end of the year so the shares go up along with their bonuses. With luck we could see a Christmas rally and these shares hit 11-13p before year end!

Nice..........thanks Gary!

Has BP gone X DIVIDEND yet?

So much for the rule of law. I am very mindful of the way Australia backed out of the submarine deal with France in favour of the USA and France when it suited them. There cannot be much love lost between Europe and the UK right now!

£3.41 and rising......."she canna take no more captain.....she's gonna blow!"

Stockready1, fair comment. I am a cautious investor so am not raising my hopes too high right now 20,000 BP are probably as many as I need right now. I have just examined the other shares you are watching, and see that some of your shares are the same as my own holdings, thought I have not made any comments about them for the last month or two. Where do you see Rolls Royce going? I've found holding Lloyds rather boring, but do you see them going anywhere? What about Darktrace?

My analysis, is that short term, these shares should go to £3.60. They really ought to be £.4.00 at least. They are a good buy, probably the best value on the British stock market right now.