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It's slowly moving in the right direction, I would rather a slow start to the day and move up gradually, when you get a massive upsurge first thing there is always a re-trace, so I am hopeful this will hit 21 by end of play, the results were not as bad as predicted, OK the divi is less but I think people will buy back in now knowing the future is in safer hands - GLA
12-Aug-10 - 16:39:50 17.23 - 2,500,000 - Buy* - £430.75k ---------- Can that be correct a buy of 2.5m for 17.23p
Another 10% rise tomorrow as the news will be better than expected, although that still leaves the price down on the 29p it was before the annoucement - That'll do nicely as long as it holds all day tomorrow - GL
I think / hope your right, they had no choice about informing the city regarding the FD situation, but as the analyst Andy Brown says if the dividend is maintained and a plan to bring PHE under control is in place and is sustainable then the SP will go back to where it was earlier in the week, lets hope so!!!
Day traders don't necessarily buy and sell on the same day - I posted earlier pondering a punt - well I took a punt today but the anticipated bounce back did not happen - however I bought on T10 that gives me the opportunity to sell next Wednesday after Tuesday's results which I hope will improve the SP, I then have a final option of selling next Friday either taking a profit or loss depending on the SP without actually spending my money - unless of course its a loss and then I pay the deficit - Or I can sttle my account on the 25th and become a long term holder like you - good luck lets hope it's good news next Tuesday
Just looking in on the biggest loser of the day so far to see if there is an opportunity of a qucik profit, I went to their website and read the pre-interim note - OK there is issues with one division which they state they have sorted out, they have sacked the FD and drafted in an experienced replacement - what about the the financials in the other areas of the business was the next question that has to be addressed - This is what the statement says -- The results for the six months to 30 June 2010 will be in line with previous guidance before one-off restructuring costs. The Group's cash flow generation profile has strengthened during the first half of 2010 and the Board expects this will lead to a material reduction in net debt by the end of this financial year. In consequence, the Group continues to have adequate headroom on its banking facilities, and the Board is confident in the Group being able to meet its covenants ------ It appears cash flow is strong no worries about meeting the banks covenants which means they won't have to pay more for the current borrowings, a reduction in net debt and results in line with expectations, OK they haven't annouced what the restructuring costs were and unless they were millions and millions of pounds it doesn't look that bad - before I go punting my hard earned on this making a quick recovery have you guys (current holders) got any views as to why it wouldn't bounce back quickly
Exclusivity is now over - What will Monday bring - A big rise, a small fall? I will be watching out for news
I have got out today @ 15.17 more than happy having doubled me money - be careful not to get carried away, if the Chinese walk away on Friday watch out for a big drop backwards probably to the 10-11p area, I hope it doesn't and wish you all the very best
What is special about July? - like everyone I was expecting the BFS to be announced in Q1 - if we have to wait until July for the RNS it will actually be in Q3 which will mean the SP will have dropped due to expectations / deadlines not being met - I understand why the funding has been delayed further due to the undeground mine, however, the funding needs to be in place ASAP to ensure the SP rises accordingly - I hope you are right that July is special but I would like to know why????
Am I right in thinking the fall in SP is due to the delay in BFS which will now have to incorperate the finance for an underground mine, this takes it to Q2 - Now we have to gamble if the SP will rise due to the underground mine being more profitable or will the gold be inferior hence worth less money on the market - tough call - anyone got any thoughts????
I get the feeling that the City will wake up and realise this share price is too low - given the amount of JORC gold resource it has Mystic is correct the share price could be huge, the only worry is recovering it from the ground at a sensible price, Crookie mentioned that he would not be surprised if funding was already in place - if you read the last RNS it states that the money is avaiable due to the JORC status of the gold - with only 152.61m shares in circulation they could prove hard to get hold of in the future which will help push the sp higher
Good afternoon everyone - I have been looking at HML they seem to be an prospect for investment they have a good strategy, excellent partners, news flows are often and good, they have some huge potential in terms of one off payments and royalty revenue, but - sorry theres always a but - I can not find details of their latest accounts as they have only posted them to their shareholders - as a potential shareholder could someone enlighten me as to how they are doing eg present cash at bank - Profit / Loss for the year / current revenue / forecast revenue for 2010
If the news was disastrous the bid price would have collapsed - as it is the ask price has reduced from 2.25 down to 2 the bid price has remained exactly the same for at least two months - that would suggest the news has been well received by the stock market?????????
Gents - Tea and sympathy aren't something you should be looking for here, I don't know what made you buy the shares in the first place, but if you don't like them now - sell - if you can't afford to take the loss, don't buy in the first place - sorry if thats too brutal for some of you but thats life
The only good thing is AGU do not have to pay CYRUS any money at the present moment, this will allow them to pay the outstanding monies to the government for the Nalunaq assets without borrowing more or coming cap in hand to us, beleive or not it also makes it easier to borrow the $60m needed to get the Angel up and running again, its not tragic news, however its not great news its somewhere in between - remember that both mines are capable of producing revenue, there is no risk of not finding the precious stuff the risk here is not being able to get enough funding to start producing - fingers crossed that there are some money lenders that recognise the potential - CYRUS have already done so by providing a big window before the debt needs to be repaid - there is hope for the new Angel Mining PLC
What I can't fathom out is why the spread is nearly 30% - it obviously stops day traders - but can't think of another good reason for such a big spread anyone got any ideas???
If Nick Hall's prediction of Nalunaq being in production by Christmas becomes reality the $12m revenue per annum will surely lift the sp
Have you all seent the interview on Crazy Share TV if you have I apologise for wasting your time if you have'nt its worth watching ; http://www.blinkx.com/video/angus-ross-on-trading-places-08-07-09/b8-oAdSFXjJ2xP87PvER6A Good Luck
Mmmmmmmm not sure what to make of this, Although I have found an article in the independant from 4th July which Headlines; (I know its old news) Greenland gold mine sells for a tiny fraction of last year's $30m asking price An extract from the article says; About $1m has already been paid, with the remainder to be transferred at the END OF AUGUST. The initial amount has been financed through a loan provided by Cyrus Capital Partners. Maybe this is what is holding proceedings up - does AGU have to wait to start mining until all the monies have been paid???????
Does anyone know when the winners of the government tenders will be announced, lets hope its CINP and get the sp going even higher