Member Info for ChazBigspuds

Apart from AFC which I'll hold forever, I've mainly been in cash for some time now, but TXR was for some time a long term hold of mine that I always thought had decent potential. Hadn't appreciated that this had dropped so much of late, but its further proof to me that you just can't trust the markets lately. Its unbelievable that TXR is being valued now at just 22 million (given that they're not that far from profit, have all those millions in cash from the insurance claims and the 25 million raised only last year with the placing at 10p). And now with this wonderfully timed announcement of slightly reduced production volumes, they've got the price down to silly levels once again and someone is buying lumps at bargain basement prices. You see this so many times, but I suspect there'll be an announcement soon that one of the major shareholders has increased their holding by 1 or 2% and what a killing they'll make over the coming months and years when these new dredgers kick in ... money makes money and the small investor loses again! As I say, the whole market seems as bent as a 9 bob note of late, but this SP does tempt me. Not for short term gain but as a decent mid-term opportunity as its surely destined ultimately to go up (unless another dredger capsizes!). Trouble is that you just can't watch any share lately on a day to day basis, as you can't trust the market not to drop it a bit further or to push it up for little to no apparent reason! Definitely one to ponder as I suspect TXR will fair better than the couple of percent I'll get from my savings account?

It may well finish strongly again and get a delayed trade or two, but I'll be perfectly satisfied to see this finish the day at 14.5/14p, so long as it continues to tick up 10 to 15% each morning! Just roll on 16/15.5p tomorrow with the prospect of the insurance monies to come and it'll be all set for another good week here.

Marked up again quickly here today and I can only imagine where this will end up if the insurance is sorted by mediation this month. It remains massively undervalued even without this, but with the added windfall of the insurance monies, this could well fly early next week easily surpassing previous recent highs of 18p late last year and perhaps start edging closer towards the 80p's before the recession and the dredger sank? Happy days.

I'm tied up in all my shares until the end of the month so can not top up here, but is anyone having any luck picking these up today or is 5 to 10k still hard or impossible to get?

If someone bought 5.5 million, surely it would trigger an RNS of an increased holding? Thats 1.5% of the company's shares.

Well the MM has 5.5 Million of these that they picked up for 10p on 5th March as I recall, so I suspect they have a few left to sell at inflated prices soon. There goes the cynic in me again!!!

It is traded on the Plus Markets:- http://www.plusmarketsgroup.com/data.shtml?ISIN=VGG889921059/GBX/PLUS-exn But only 3 trades showing so far:- Trade Date Trade Time Price Volume Type Considerations Conditions 22/03/2010 14:29:10 9.95 12,000 O 1,194.00 22/03/2010 12:38:51 10.00 30,000 O 3,000.00 22/03/2010 08:10:40 9.85 10,000 O 985.00

You can buy, but only 10,000!!!

Yes, still here, but main emphasis has been on my long term hold of AFC from 2.6p, so I'm a happy bean with the recent jumps there! Can't believe TXR hasn't risen much on this RNS today though and with the added prospect of a big money payout from the insurance just around the corner, its a good gamble with little downside to me. There's just no volume this morning so far and thats the issue here. Presumably it'll gather pace once the news is taken in and it gets a few positive write ups in papers/share publications? Wait and see I suppose, but I can only see this going one way ultimately, as they're clearly gearing up to increase production massively over the coming years.

Got to agree. I think we'll see a very positive statement next week, but I think we'll see a small return to profit too and if we get the result on the insurance mediation as well (which should follow before the end of the month as per the extension from end February), then this should be flying north. If both occur, then there's no reason why previous highs that we saw in October last year can't be tested and long term, the outlook here for 2011/12 is looking very positive indeed.

No buying pressure yet, but I think we'll see northerly movement here before the end of the week. No doubt a few ex-TXR holders have this insurance money mediation result diarised for this month and with the knowledge that the results will be good, there are few negatives in investing here. If the results are coming on the 22nd or 23rd as you say, then thats the date to be in before.

I think the results will be very positive and show a company with great prospects thats moved in to profitability. Am also hoping that the insurance mediation payout will finally be agreed too after being put back to February and now March. This would give TXR an even healthier cash position for the development of their future dredgers and more. I'll be surprised if the SP doesn't start to move north in anticipation of these 2 points before the weeks out and I'm certain that we can expect an RNS on both at some point next week. Happy hold for me here and good luck to all holders.

What were you doing over on AFC?!! Quietly expectant of TXR rocketing up in a similar manner this month too, as there should be some positives in the results and from the insurance mediation over the coming 2 weeks to get this nearer double with any luck. It truly is another share that has big potential in time and could go any day or month.

Building on previous recent gains, its good to see yet another 1/4 penny on today and its likely to go up a tad more before the end of play today or tomorrow. Not an exciting stock by any stretch of the imagination, but it truly represents great value for money over Net Asset Value as I've said before and isn't going to fall over. With limited cash, EML aren't going to do much over the coming months, but to me, they remain an ideal candidate for buyout at these prices. All the more likely now since someone has just bought up 14 million KAH shares from Niger Uranium perhaps? If an institutional is looking to build up a holding in KAH, then EML must look a very attractive option at these prices and how many holders would turn their noses up to 10p+ here?!

With EML owning just over 9% of KAH (£33.5M), the Tsumeb option (another £5M), and a bit of cash and a few EXT shares etc., then despite the recent small increases to the SP, this is still trading at around 4 to 5p per share short of its Net Asset value alone. Given that there are a few big predatory companies going around now with cash on hip, I'm surprised an offer hasn't been made to take it over. After all, even an offer of say 9 or 10p per share would clearly represent a very cheap way in to KAH and all of its prospects? EML don't hold much cash (as their cash burn is light), but with every resource upgrade at KAH, this can only go one way ultimately IMHO. Good luck to al holders here.

Whilst its long term potential is pretty clear, I think the next 6 weeks should provide some good upside too. After all, we should get the preliminary results early next month (which can only be a massive improvement over last year) and the insurance update should follow before the end of March too (so long as there's not another month delay to the mediation talks!). Together, I feel that these factors could easily push this back towards previous highs attained in October last year and beyond. Good luck to all holders here.

We're presumably within 2 weeks now of hearing about the result of the mediation on the insurance claim here which could provide a further massive injection of capital thats not been built in to the SP yet. With increased production, more demand, cash for dredgers 2 and 3, cuts in costs and moving in to profitability - lots of positives here over the coming months I think.

I think you'll find that when I wrote, there was a differential, but admittedly, it tightened closer to parity when you decided to comment. Good to see the rise today though, but I'm quietly hoping we'll get some news here over the coming weeks and months, perhaps a resource upgrade or something on Extract Resources perhaps to push this back up to where it should be. Good luck to all holding here.

Luckily my other holdings are doing well, but EML has been in free-fall lately. Looks like the MM is building up a small stock of these and dropping the price quickly each day to trigger stop losses. They're either filling a decent sized order or preparing for a future increase on the next piece of news. Games as usual, but with no news of late, these stocks are easy game sadly. I've not got fortunes here thankfully and am in at just 5.23p, so can hold for now, but its testing. All comes back to something I've stuck on LSE a few times:- http://www.stockmarketcats.com/f33/deadly-art-stock-manipulation-2145.html

Big sells today - almost 2 million by lunchtime. With these all being snapped up at between 6.5p and 6.825p, the cynic in me tells me that with all those, the MM might just possibly let this loose a tad now over the coming days?!