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Steady climb and then booooom , what the hell has happened today to warrant a 12% drop in fortunes, I hasten to say, I say fortunes very very loosely!!!
We all know that the SP gets manipulated but this is just plain corrupt, drive it down and down and down, spike it back up again then repeat....all on no news, so what makes the swing on no news , market makers I suppose. The people that loose out, small investors that have stops triggered or sell out as they loose the will to continue seeing losses increase.....who comes out on top, corrupt big fat cats! I am holding in on this one with over 30 % loss on �40K investment, all very disenchanting really whne you see a 100 stock be played in such an obvious way, regulatory bodies are ineffectual and allow this to happen, odd game we take part in!!! Staying static in my portfolio at the moment until something +ve comes in!! Ho hum!!
Thanks for the info on restart date on the LSE, anyone have thoughts on where the SP could start from?
The pain continues and ISAT back down, wish the shorts would start to close now, surely they have drawn enough out of this that they could now reverse their position and but in long, drive the SP back up and make another killing.....oh the power of the MM While I sit and lick my -ve wounds!!
Thanks for your valued perspective Jantand. Can anyone say when the transition to MC mining is complete and the shares trade on LSE again, I see they are still suspended today.
Hi, the shares on the JSE are no longer suspended I believe and are trading under new name. The shares on LSE are still suspended and I understand there is a 5 day or is it 10 day suspension while all the changes are made to the new trading name. Something along those lines anyway. Jantand normally has a lot of knowledge on this share.....JANTAND are you there with any words of wisdom? I do hope that these get off the ground when trading starts again on them as I am in -ve and have been for a good few years now as I wait on development of the company and all its ideals! Patience..... but it is getting rather thin!
Ok so I have both shares in a share account and also some that I trade on CFD platform (holding for ages) Firstly Am i right to say that generally the shares I hold in my share account will be consolidated, rerated and trading again on the 7th December under their consolidated SP? And secondly anyone advise me what happens with CFD holding? This sounds like a moment of losses coming up!! Thanks for any experience or insight into this.
Hi Jantand, Thanks for reply, good to know somebody else out there keeping the faith! Always read your posts as always the optomist keeps me in the same frame of mind too! I wondered how the Uitkomst project is progressing for CoA. It's supposed to be their cash generator and is operational at point of purchase....so is CoA earning money now or not? The share price certainly doesn't reflect that fact which you would maybe think it should. Or am I being too simple in my assumptions. CoA has been non-cash generating for so long so surely this should have been a small catalyst to at least get the SP up over the 3p area, they have an income for the first time in ages....don't they? Up until acquisition in june this mine produced 458,350 mined tonnes of high grade thermal coal...is CoA continuing that production? Does anyone know how this is going? I hope that the production continues and that some day soon we'll have an RNS about income!!! Hanging in there!
Ah, now what is happening with CoA. Been in this for so long waiting and waiting and....waiting. So much waiting, is nothing ever going to happen with this.... apart from the spread getting larger and the bid getting lower! Earlier this year started to get somewhat a little more (I wouldn't say excited) uhm, enthusiastic maybe...but now it's just a hard slog. Anyone here have anything to lift up some of us long termers a little, when can we expect any news, it's killing me!? It's even gone SO quiet here on this board. Oh well, suppose I'll keep hanging in there!
wait and see, this is dropping too quick for my liking, unless someone driving it down to get in before rise on good statement next week.. staying out and watching this one.
Volc - very tempted here, i dipped in the other day for a rise from 203 to 212 but it now seems to be falling quite rapid. On no news though, so either something is brewing in the back room that we don't know about or its pre-election jitters maybe, mix in a bit of Greece, a bit of stagnating US growth and you have reason for SP to lose some confidence. Is it a good time to buy on a dip like this when the climb was so positive all on good forecasts, news and funds performing, all of which hasn't changed. quite compelling case to dip in again! shall I shan't I......have been burnt massivley with emg before when they fell from grace the other year so slightly nervous!!
Morning anyone buying on the X-divi drop? What are peoples thoughts here on this. I believe we are about to push higher again, funds performing well, management saying all the right things, divi stable, share buy back, new funds being opened meaning more inflow of FUM, all seems good and this SP is still far below where we were a few years back before the shorting and financial crisis took hold. Personally tempted to buy again to sit along side those in my bottom draw!! Any thoughts you wise and experienced out there?
Big question, but what actually is it that the markets don't like, us simple PI's don't see it, all I see is a company that was in the pits pulling itself out slowly but surely, Funds are at least going in ratherthan out which is one of the main criteria for judging a company such as Emg isn't it or is that just too simple!? Ho Hum, stay with it for another 5 years and I may see blue again!!!
....haven't exactly set the world on fire have they! The word 'cautious' in the report and so many before it always has a detrimental effect on SP!! Not sure where this is going today but knowing the history probably back down to the 110 mark!
AHL +ve again for the week and actually flying in at 2.1%. Shame the SP is going down!!!!! SStill I shouldn't be surprised as I have been holding on with man for years now and very little surprises anymore, its just one of those investments tucked away until fortunes change again for the company and its products.
SP rising slowly, and at last a broker upgrade Comment n sharecast...... 'Fund manager Man Group gained after Berenberg raised its rating on the shares from 'sell' to 'hold', saying that the“enormous” restructuring efforts of the last three years are set to pay off.' More of these please!
I agree worth more as I have a holding from a few years ago around this price although I have averaged down and so now sitting on some profiit. The answer is that if they receive 70% votes from shareholders to accept the offer then the rest of us are forced into accepting as well, at least that is how i understand it. So it all comes down to the vote.
HSBC raises to overweight from underweight; target price to 125p from 82p. This can only be a good sign, perhaps the MM's may be leaving emg alone for now and want the SP to work the other way. Fingers crossed for a steady rise from here. Lets hope it can hold and then push on. Not sure on shorts on the stock, anyone have any knowledge, are shorts being closed/reduced? GLA
Canaccord Genuity raises target price to 115p from 110p; rating buy Maybe this is the start of better fortunes for us long term holders. More of the same please and maybe sentiment will change! Although AHL still needs to be fixed but that's a long running saga that doesn't seem to change!!
So having sent a message to investor relations three times now and not heard back from them once, any ideas why the spike up anyone? I am hoping it means the Forcados terminal problems have been resolved and we have flowing black stuff again! Tried searching for news but nothing in the public domain unless anyone of you has any info, please share as HOIL seem to not be able to!!!!