Member Info for ceckyspunt

sold 40% of my DME and bought ELR and SKR... as i type this ELR are up 10% in canada so it looks like i got the timing bang on! lets hope we see 100p again soon... i cant believe i got the chance to buy these at this silly price!

i sold 40% of my DME at 46p... will buy back next week... i put the cash into ELR, another dual listed miner, largest platinum miner listed in canada, ISAable just like DME

present BFS to board in July and to us in August is my reading of the situation, tho i too expected it in July at first... i top sliced 10k on thursday at 46p as insurance against cheap placing of shares to institutions... this is by far my best long term trading share, and even tho the recent fall from 54 to 34 was tough to swallow i took advantage and am miles ahead again... I luv DME, and the best part is that there are no ramping t**ts on here...

happy days... and could get even better very soon...

is that post related in any way to LSE:RGP? it must be a total coincidence, the same name exactly, but a different fish entirely...

BFS news due "mid july", could that mean next week?... DME now my biggest holding, see chips thread on advfn... This is still under the radar, but will be massive, and is dual listed on ASX so is ISA eligable too

at long last im back in profit, and hold a lot more of these than before at a much lower average, and with news due any day now of BFS, copper prices stabilizing, and economies on the mend then DME will come up trumps for sure... and its ISA able!

ahh well, will have to wait a little for recovery...

there is nothing "bad" in today statements that we did not already suspect, i mean we all knew that the GoM would have an impact on the oil industry generally, but im not sure how much this afects WSM... "caution" is always to be advised in any investment decision so thats not entirely new either... but the good points are unexpected... the new contract in brazil appears to be more extensive than simply risers and flowlines, so could it be that WSM are widening their scope of services offered? the SP fell 60p instantly on opening with someone selling 80,000 shares, but since then the volume has been fairly balanced and is starting to recover now... low point was down 66.6p, now down 59p and beginning to tick up. i have just bought 6000+ shares at between 442 and 445p in full expectation of a reasonable intraday recovery to say 475p by close... GL all (quiet board this one?)

down 50p or 10% on todays T/U... + baglog up from 220 to 250m, new contract in brazil. - profit delayed until 2011, uncertainty due to GoM, expansion put on hold? quick call the recievers! oh... we already did yesterday... PWC will do nicely

hmm, price waterhouse cooper... the last time i had any dealing with them they turned out to be administrators, although they were brought in as auditors... i got a bad feeling about this now, deja vu i guess... i was going to buy in big time if i could get under 500p, but this news has really got me thinking i shoudnt bother!

storm over and hey guess what, the wheels may have wobbled but the bus keeps going... all the recent doom and gloom has been massively over played by the institutions, and all of a sudden everything is "undervalued"... well if the burgers wouldnt keep selling off everytime there is a treasury auction then equities would keep value better! ahh well, rant over, the problem is that at times "the market can stay low longer than a PI can stay solvent" so when all the data says OMG run for the hills, its prudent to do so... we do live in difficult times, and risk is sometimes not what is required... after the fall from 56 to 38 i managed to wriggle out of quite a heavy loss by averaging down in a big way... now i consider these to be great value at 43p, recent broker note values this at Aus$1 with massive upside potential... and with BFS expected in 2 or 3 weeks to confirm viability of the boseto project, together with finance solution, DME are about to see new highs... also, economic data globally (particularly China) seems to suggest the doomsters were over stated and the copper price should be reasonable for the forseeable future...

got rid of a further 3750 shares today at 41p, and am now happier with my proprotional sized holding... still got 12500 as a core holding... copper price under great downward pressure, i assume by shorters selling copper they never had the decency to buy in the first place... its a cyclical thing, and we will see it reverse in a month or two... and DME will possibly drift down further until July... but i expect this to rocket once the BFS is confirmed and the project is derisked, costed and financed...

sold a further 17500 shares today at 42.05p, on concerns about the copper price and demand from china... while i think the market concerns are over stated i do think the market will push copper related stocks down in the short term... and since the BFS report is not sue for a few more weeks then i have time to sell and buy back later...

i sold 30k today, im back to breakeven again but with a lower average so i sold nearly half my holding... if this drops to under 40p i will buy back again, but holding 64000 of these made my portfolio a little lob sided... still massively overweight of DME but im happy enough at the moment bought 1k of GPK (Geopark) and 62k LDP (Leed petroleum)

copper now stands at $317/lb and is only $20 below what it was when DME were trading at 55p, and that was when the plan was for a 2mtpa concentrator and broker notes recommended buying DME with targets of 65p! now brokers are saying 79p and more, yet we are trading at only 40p... strange world we live in!

DME have fallen 25% from their recent high as the markets globally have been subjected to a major selloff and even greater short selling... yet as the markets have bounced and recovered due to short covering and renewed buying DME has not moved at all in any meaningful way... the dow powered ahead 285 points today, the FTSE 157 points, yet little DME went against the flow and fell 0.25p!........... are investors really that upset about a 8 week delay of the BFS even though the capacity of the concentrators will be increased by 50%, the reason for the extra time being needed to complete the BFS?........ i expect the ASX to rally strongly again tonight, perhaps another 2%, so in theory DME should also rise, and they have a little catching up to do, so maybe we will see a bigger rise!

and it is ISA able!

Argonaut value $1.22 (74p) 25/5/10

blackswan value $1.35 (82p) 24/5/10