Member Info for ChameleonMan

"I move my position to that of buy!" I'm glad that you have come round to MY way of thinking! :)

I guess it was expected that assets would be revalued and $1300 per oz is not as conservative as Randgold are now using yet it still results in this eye-watering impairment. The hope is that a rising gold price during 2014 will reverse this with an equivalent revaluation. Nevertheless the SP continues to rise after an early hiccup. Just seems like people want on board this train.

Thanks for the useful information, I will need to look into Eastman again.

Great RNS and rise in SP but this must surely have leaked out ahead of publication as the SP rose strongly beforehand?

Yes its all good! No sign of 4p on the horizon! Spot gold up over 1% today. Gold miners storming ahead (My largest holding in Petropavlovsk up 11% today!). Big smiles all round!

..the market is beginning to recognise the value of Accsys' offering. Perhaps it took the flooding to bring it in to focus (sadly there are a lot of softwood decks underwater in the Thames Valley and Somerset at the moment!)? No one seems to mention competition and apart from alternative wood treatment technologies there is only one other acetylated wood manufacturer: the giant Eastman, in the US, with its Perennial wood product. I can see this effectively closing off the US market to Accsys but the rest of the world is an open market. All the more reason to get China sorted! From research I have done, I note that acetylated wood is priced at a considerable premium, typically above plastic composites. Based on a 16-foot board of decking: Premium pressure-treated decking $14.57. Trex plastic composite decking $44.97. Perennial Wood board (acetylated) $51.74. Ref http://cen.acs.org/articles/90/i32/Making-Wood-Last-Forever-Acetylation.html Eastman (and Accsys) need to get the production costs down to compete in volume markets. I imagine in the short term it will continue to be a material specified by architects for prestige projects, but when it takes off....this is definitely a hold!

No one wants to sell but maybe have a word with David - he could sell you some of his substantial holding with a guaranteed buy back at 4p! The perfect trade? :)

About time they reviewed their ratings on ABG. Storming ahead this morning!

David, You wanted evidence of factual content......I sent you the report on Crown East (CRND) on 22nd January. I think it's fair to say that you treated my reply with contempt. It appears to be the singer not the song that is the problem here? Your posting has become manic. I think we have heard all we need to hear now. Maybe you would be happier on Linkedin?

Too true! I'm impressed!

If you or anyone you know has been affected by addiction to posting on financial websites they need to check out this site: http://www.new-freedom-addiction-treatment.com/dual-diagnosis.html Check out the pics! Could it be ......? ps I have reported myself!

Oh Dear! Bad day at the mart? "Let be fair guys must of you here are real thickos and don't much about the company you put your money into, probably buying in on some daft tip, certainly not on research. You want proof, well I have ask about the CRND. Deal and none here seems to know what I am talking about." You seem to have found a bone to worry at with CRND. I noticed they gave you short shrift on the CRND board when you tried to suggest their shares had "negative value"! I too have a holding in CRND and the relationship with GDP is not rated as significant to CRND's value as GDP is perceived as being relatively weak, in a cash-strapped position, unable to develop any value from the deal. If there were any significant news I am sure the GDP BOD are aware of their responsibilities of sharing it so I am relaxed and waiting for the next update. That's the thing about being a private investor, particularly if your shares are held by proxy, you have to let the BODs do the work - no matter how much you fuss about over issues like this it won't change a thing. I would imagine your questions are being ignored by the BOD? No doubt you have been labelled as a troublemaker? You will get more traction here and I welcome hearing your views, but, to carry on your school analogy, if you keep calling names and squealing to the teachers, you will just get filtered out.

Probably buying a large bag of monkey nuts for Jason and a large tub of Wherter's Originals for Granny?

See FT article. http://www.ft.com/cms/s/0/7379ce12-8ce3-11e3-ad57-00144feab7de.html#ixzz2sRLU4k8i

Dropping? Really? Look at the prices paid in February - slowly increasing to a current 6.45p. Ignore the bid/offer spread that gives the published mid-price. It's what you have to pay for the share that counts if you are minded to increase your holding (as I am doing but you are only talking about). Your 4p is never going to happen. Shake out Granny's seat cushions for lost coins or take Jason back to the pet shop before he bites your ears off and pump the proceeds into GDP now or regret it forever!

It's essentially the same bid/offer spread as it has been for most of the week i.e. 6.0/6.5. It rises to ~ 6.25/6.5 occasionally then falls back, hence the percentage swings. It's really not doing much - if you want it to go higher, get your wallet out and buy a few as I did yesterday! Just lay back and think of the dividend yield and growth potential!

I imagine this is already built in to the price? "4 February 2014 African Barrick Gold plc (the "Company" or "ABG") Completion of the Transfer of Tulawaka ABG is pleased to announce the completion of the transfer of Tulawaka and certain exploration licences to STAMICO, the Tanzanian state mining company. As previously announced STAMICO will take ownership and management of the rehabilitation fund established as part of the closure plan for the mine, in return for the assumption of all remaining past and future closure and rehabilitation liabilities for Tulawaka, and has indemnified the other parties to the agreement in relation to these liabilities. As a result ABG has transferred the balance of the rehabilitation fund to STAMICO, less the transaction consideration and other closing adjustments, which equates to a cash payment of US$11.6 million."

Larger mining companies will be forced to cede 10% of their projects to the state, the rest will be able to maintain their current structure. Who classifies as an extra large company will be published this month. http://www.businessdailyafrica.com/Reprieve-for-foreign-miners-as-govt-eases-equity-rules/-/539546/2165572/-/12cn13o/-/index.html

I was amongst the sells I'm afraid! Re-sold £5k at a small profit to reinvest in Goldplat who have better secured underlying value IMO. Still up to my ears in AVM though! I think the BOD has run out of ideas. I foresee mines placed on a care and maintenance scheme while they investigate contract mining. Would you employ them? Only a fast-rising goldprice will save them/us IMO.

My money says its going up whatever - just placed £5k buy.