Member Info for Davbro68

Yep still in HUR and even after todays news, big SP rise, still circa 30% down but now looks like it is heading in the right direction. My only other oily is FOG which also is starting to look good. You mention CEY, well I did the same with HOC, just look at the 3 moonth chart. I banked almost 40% on 1k investment but I was so close to buying @ 40p which would have trebled my stake!! PAF is one I am going to stick with..............

If we hold above 13.75p? Banksman - sorry for late reply, under cosh at work. Are you still in here? I traded and sold my RRS shares but still hold larger amount in my ISA @ 4600p. I still hold a nominal amount in AUE but have lost total interest there. It was my most researched share but also my biggest lost!! conclusion, stitched up DR & team, or was it poor research by me, or bought to much stock and set no stop loss. Anyway lesson learnt and now spread my investment. Currently doing well with CEY. Cheers

that does not seem to work!! best google eden research twitter................

Yep and here is the link..................... https://twitter.com/edenresearch?ref_src=twsrc^google|twcamp^serp|twgr^author

Although half expected with money tight and a fairly new NOMAD on board, I am generally disappointed with this placing. Should have been done when the sp was higher, to reduce the dilution. What about the upfront milestone payments from EU member states. On a positive note, with estimate cash burn of circa 1m per year this fund raise should at least give the Eden BOD 2 years to do the deals and generate some real revenue. Only have a small holding (free carry) and as yet undecided on whether to top up.

Good post Greeno. Yes good rise yesterday which puts me in profit the first time here. At 13.75p right on chart resistance. A rise above this level will the SP move quickly upwards. However looks like POG is retracing a little at the moment. Look at for 1183 as support level, before next leg up.

Decent write up here, apologies if already posted. "although a PER and dividend yield basis is preferred for an existing long-life miner, one analyst who goes by the discounted (10%) value of the forward stream of his expected dividends places a value on the shares at the current ($1,070/oz) gold price of 12.5p – which if gold recovers to $1,454/oz would increase to 25p. Those expected dividends are of course not the only return shareholders can expect, because cash retained can be expected to be invested to expand PAF’s assets" http://masterinvestor.co.uk/commodities/yield-and-recovery-prospects-at-pan-african/

last week for a small amount @13.5p, Recommended by Banksman a little while ago. Done well recently trading gold / silver miners banking 30-40% profits on AUE, HOC and FRES but still down considerably on my AUE investment. There is a gap in the chart at circa 11.25-11.75p to fill. We may still drop to that level even if its intraday before next leg up. On that basis holding back some for possible top up. http://www.4-traders.com/PAN-AFRICAN-RESOURCES-PLC-4002023/charts/&plein=1

Sold for circa 20% profit, happy with that. Next move in POG could be down 10% with support at 1183 then 1150 before next larger leg up. http://www.marketoracle.co.uk/Article54331.html

The chartist on the bettertrader link suggest the fall in the ftse 100 is far from over and is predicting steep falls very shortly even citing a low of 4000!! Obviously no one really knows, however the outlook for the next year or two is decidely becoming more negative. Could be time to sell some and then buy back in at a lower price?? At the moment I continue to hold.

Nothing much wrong with the company IMO. Personally think the news out there of "storm clouds gathering" negative interest rates, falling Chinese output, migrant crisis, Japan, Russia, Brazil etc. in recession, the US economy faltering all of which will drag down SP of many if not all leading companies over the next few months / year or two. Recessions historically occur with regularity and apparently we are over due one?. Very likely we are now in a bear market with the UK (and US) perhaps heading towards recession, hence why precious metals conversely have recently entered a bull market. http://www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html http://www.cnbc.com/2016/02/25/citi-risk-of-global-recession-rising.html http://www.bettertrader.co.uk/

My share purchases this year from late Jan have done really well, all four of them RRS, FRES, HOC & CEY all over 30%. Taken profits in HOC and considering the others. All gold / silver miners though which have out performed all other asset classes this year so far. Overall a mixed bag, been a disaster with AUE another mining company at one point down over 80% but has recovered a little since. However more than doubled my profits with EDEN.

Looks like a classic case of buy on rumour, sell on news. SP moving heading back up towards the current resistance level of 1000p The current silver / gold ratio is reaching all time highs of 83 to 1, suggesting silver is undervalued. Conversely one could say gold is perhaps over valued, or that the demand for silver, industrially is falling. However it looks increasingly likely that gold has now entered a new gold bull phase, with the POG now up 20% from recent lows. POS to catch up? http://moneymorning.com/2015/04/07/goldsilver-ratio-just-another-sign-prices-are-too-low/ http://www.mining.com/gold-price-its-official-bull-market-is-back/

Gold now up 20% from recent lows indicating Gold has entered bull market territory............ http://www.mining.com/gold-price-its-official-bull-market-is-back/

Yes been painful. Slowly clawing it back though and raising my stop loss here to +25% profit. SP down today, investors selling after results, which look good to me??

Thanks for the tip Banksman. RG a former welsh rugby player is no mug and a self made millionaire and does have a core investor following. He has recently voiced concerns about the global economy and recession, so he must see so some value here. https://uk.finance.yahoo.com/news/britains-ftse-remains-near-3-120017486.html But he must have thought that with AUE and look where we are with that now with that investment! SP does look bottomed out though with strong support at 59.5p Not sure, but not done much recent research.

Patience patience Banksman. Good price 13.75p and you are immediately in the blue and its a better average than I have here with my small holding. Looks set for a good run now?............

All finally coming together now following approvals from Malta, Greece, Bulgaria and Italy. What a chance that was a couple of weeks ago to get in / top sub 9p

For chartist out there, worth a listen to from Mike Maloney. As Mike states charts correct 60% of the time........... https://www.youtube.com/watch?v=7pZQJi0Ls2o&feature=youtu.be&a=

Excellent entry Cocka doodledo. I bought in here end of Jan this year for 697p and now up 36% I also bought other gold / silver miners at the same time being: RRS for 4601p (up 38%) CEY for 66p (up 28%) and HOC for 57p (up 12%) Now that's showing off !!..................well, in sofar that I am trying to claw back my huge 82% loss on gold miner AUE after there first mine broke down twice just before comprod and now company is under strategic review. Overall still quite a bit down but glad to be on board here and this time setting stop losses at 15% profit. Charts indicate a clear run up to 1069p