Member Info for EssexMatt

China just cut there rates on fri, personally can't see the us cutting rates for ages but talk is markets think it could be brought forward again. Mind you next week it will be something else!!! Interesting to see what yellen has planned for the bond market though

Gold back over technicals, didn't think would see that so soon especially with all interest rate hike talks floating about

On Mugabe think short term vacuum caused by his demise would be worse than him being in power in the short term. Never turns out happily when status quo is broken in countries like these straight away. Don't think I need to provide examples think we all know them

That's because they found such huge amounts of gas in Tanzania that is going to take a long time to get to market as a consequence. Plus disappointing campaign in Gabon hurt bad. Suspect farm down in eg will turn around favour and we have Kenya to look for next year too. Think smdr should take it. Could you imagine if your farm out doesn't complete and you send ophir packing??

Quite a bit of volume today over at ophir. Not sure wether it's just carved out a bottom or something's leaked and people are taking a position. Difficult to read the affect on ophir of a confirmed offer but clearly the market think smdr need to get a deal done pronto

I usually don't like to trade till after eleven, become a bit of a habit now more than anything now!!!

Nickel back up gold is holding, (for now) smelter due soon and seller appears to have cleared

Nicks a clever operator, I don't think ophir are out of the running just yet. Gla

Yeah, alright for some. I was going to top up in the morning lol

That ophir will pull out of bid are floating about, can't see why though. Cespa offer pretty low ball

Just seen this article on bbc news website, look at the size of that wave lol A powerful earthquake with a magnitude of 7.3 under the sea in eastern Indonesia sparked a tsunami warning and caused residents in coastal areas to flee their homes. The quake struck at a depth of 28 miles (46 km) near the Maluku Islands, which are about a four-hour flight from the capital, Jakarta. There have been no reports of casualties or major damage. Indonesia's meteorological agency said a tsunami wave of 9 cm (3.54 in) washed onto the small island of Jailolo but caused no damage.

Don't think sona have the funds for a full purchase

Ha!!! 1:2/1:3 on the cards methinks and I think that would be an excellent deal for all involved. Ophir has been hurt lately because the market thought ophir would it's self be up for sale. Secretly I've always wanted ophir to take the route that they are, purchasing Producing assets will provide the bridge they need to get to monetising eg and Tanzania which is years away still. Ophir will make their move next week IMHO

Share deal is better than a straight buyout for smdr holders IMHO, interested to hear your take on here??

2.5% up. Crazy volatility ATM

Prices falling at a time of low inflation not going to help too much in certain parts of the globe, but in general a 20 dollar reduction on crude is typically worth 1% of global growth or something like a trillion in extra cash in people's pockets. That's the upside and It could stimulate demand further your right

Saudis have a pretty huge wealth fund they could fall back upon and have shown in the past they aren't adverse to keeping production high to keep market share. My view is that it's a perfect storm going on right now in the oil market, falling demand slower global growth and shale output in the USA. These three factors will not remain running altogether I think somewhere between 80 and 100 dollars a barrel is where it will trade for a fair while. Oversold IMHO

Think he's making a mistake getting out now. Mwana could potentially live up to its own potential over the next year or two. If they get a good run with nickel or gold short term and get projects like klipspringer and copper project online they will truly be diversified

I've seen polling data from respected sources showing decent leads for yes to holding larger reserves

Both still well down on the summers highs. Do you think anything will come out of the Swiss referendum??