Member Info for ceckyspunt

copper was under $300 not long ago, and with the BoJ reducing interest rates today and embarking on further quantitative easing, the FED is likely to follow suit, so in other words currencies will devalue further fuelling further increases in commodity prices... the Ozzies have been increasing interest rates to control inflation, but will probably hold rates for a while at current levels... so the ozzy dollar will increase in value against dollars and probably the GBP also, but a lot depends on what Cameron does with his budget cuts... regardless of those currency issues, demand for copper will increase due to growth in china and india, while supply is weak due to 3 years of zero investment... copper, silver and gold are the 3 investments to have exposure to for the forseeable future IMHO

the SP drops 4.5p in London today to close at 74p, while in Oz last night the SP closed at A$1.30, that is equivalent to 79.25p... so clearly the london market has taken leave of its senses.... DML has an ASX300 listing and 90% of shares are traded in OZ so they lead, we follow... the GBP increased in value by 0.4% against the A$ which could affect the relative SPs, but the price of copper is just steaming ahead these days and will continue to do so...US$373 currently... it is possible that DME has got ahead of itself, and that the SP in Oz tonight may fall 8c to balance the book, but the fundamentals here are just fantastic, and anyone who sells this is taking a big risk IMHO... some bright spark at a UK tipster rag suggested investors should top slice... well, if this goes up in Oz tonight then those who sold today will have to pay to get back in... i will add 10K for every 5p fall in SP! in fact i have considering going "all-in" here cos im so confident, so c'mon guys, sell sell sell so i can buy buy buy!!!

LONDON, Oct 3 (Reuters) - U.S. conglomerate General Electric (NYSE: GE - news) is the mystery bidder planning an 800-million-pound-plus ($1.3 billion)takeover of British oilfield services firm Wellstream , the Sunday Times newspaper reported. Wellstream said on Sept. 21 it had received several bid approaches, but declined to name its suitors. [ID:nLDE68K08S] The Sunday Times cited unnamed sources as saying General Electric (GE) made the first approach that put Wellstream in play and that it was still the leading contender to seal a deal. Wellstream declined to comment. GE could not immediately be reached for comment. ($1=.6322 Pound) (Reporting by Mark Potter; Editing by Jon Loades-Carter)

based on half year results and recent updates, i would expect profit increased to near £1.5m due to increased production and higher unhedged gold prices, but higher costs too... I am also looking for resource upgrade to extend life of mine... Current 218000 oz jorc is too low...

the sp here is very sensitive to even the smallest trade...big rise last week, heavy fall today, little volume... Results due in 8 weeks should show much improved profits

happy days...

better than 280g/tonne? i know its only one hole, and they really need to intersect that mineralization over several holes in order to prove continuity, but its a great start! as for "long way to go", well, they are already producing nearly 1900 oz/month just from tailings left from historic mining activity from long ago... the recent announcement and todays rns together with the existing JORC gives PGL a much longer life of mine and much greater potential... and i cant figure out why the market is just not convinced yet! i know that investors are often like sheep, they all flock (and post) together, but FFS, this is a screaming BUY IMHO!

The BKDDH-5 hole intersected mineralisation of 5.9m @ 99.6 g/t Au including 2.1m @ 280 g/t Au.

280g/tonne gold?

half a dozen 5k trades worth £20k and the sp rises 15%... Clear market manipulation or what?

news coming?

something very odd happened today... normally the UK market for DME shares simply shadows the ASX, but today we had a surge of our own, and it looks like the 53p resistabce is now broken... this all occurred because copper hit $350, and silver is nearly $20/oz, and the US jobs report is a clear indicator that we have recovery... we need the ASX to confirm our little home grown surge, but with DME now entering the ASX 300 this month, and with news of license approvals and funding still to come i see no reason at all why we wont see 75 to 80p soon, so i took the option to sell half my CHL and all my SKR to add DME, and once again i am fully loaded here! exciting times!

i sold 2 thirds of my holding today and spread the cash adding BZM and CHL. DME has done great for me and i dont want to spoil all the hard work. i will let the one third i still hold ride and wont trade in and out with that, but if there is a big drop again, i will add big like last time... CHL is also doing great for me, today confirmed breakout so i added some more! BZM looks to be going from strength to strength also, so added some there also... on a sour note, i lost a few quid on SKR.....8( AFE looks interesting, small rise there today, loads of potential, but taking ages and ages to do anything!

the entire hard commodities market is rocketing today, yet DME is only shadowing the rise in Oz last night, so i expect we'll get an even bigger boost tonight in Oz, perhaps another couple of pence to wake up to tomorrow! excellent presentation on the website from africa downunder conference in perth yesterday... gives more meat on the bone to the BFS...

has this finally woken up?

the BFS was exactly what i expected, using conservative figures Boseto will be paid for in less than 2 years, but if copper rises a little then this will be paid for in less than a year! also, future development increases life of mine to 15 years using conservative estimates, but in reality we will see another Boseto size development paid for by cashflow and a 25 to 30 year life of mine IMHO... OFC there will have been some profit taking and some traders exiting, but the future should be exceptional here... having said that i sold 10% of my holding at 49p this AM, but then the SP dropped and the best price i could get was 47p all day even though all websites showed the spread as 49/50... so i did not sell any more. i am a little top heavy DME at the moment but well in profit, but i like the look of CHL for the near term as an alternative just to spread the risk a little...

the BFS is now released and is just as expected. but with one ommission, the source of finance is not clear... but i expect that to emerge in due course. As for the BFS, most of the info in there is already known so no surprises, but it now gives the go ahead to start ramping up to production, and was delivered on time as promised, so yet again the BoD have done exactly what they said they would do without delay or dissappointment! well done to the BoD! as for market reaction, well i expect there will be a few profit takers who sell on the news, but this is a huge step forward even if not unexpected, so i think we will see institutions buying in over the next year or so as the size and scale of the development become apparent.

will this breach A$1.00 tonight, (57.5p) and then zoom towards A$1.20 (70p)??

courtesy of nbbirch last night..... Just talked to Nickie at discovery metals. ( 7 3218 0222) I asked if the BFS is still on track for this month. She said it was. I asked. To day? She said no. I said. That would mean Monday or Tuesday. She said. Yes. It would be "defiantly" out this month. Looking forward to next week now, and glad I topped up in the low 80's. Oh yeah!!!!:)

Brad Sampson Managing Director Discovery Metals is presenting at the Africa Downunder conference in Perth from Wednesday 1 September to Friday 3 September 2010 ...as is Mr Gabaake Gabaake Permanent Secretary of Ministry of Minerals, Energy and Water Resources Republic of Botswana. its tuesday morning now in Oz, thats tuesday 31st August, and DME (ASX:DML) expected BFS release in August, so it has to be tonight, just in time for the Africa downunder presentation on September 1st for maximum PR... lets hope its a good one...!!!