Member Info for Ferrari3

Now with the 4% rise, is this share going to gather some momentum? Will see tomorrow, my hunch is that if it rises 3% to 5%+ tomorrow it won't see sub 63p for years barring a disasterous RNS which can happen all shares...................

This seems to be hit by "The Profit Curse" when a miner shows good profit and the share falls. Everything and everybody says this should be higher, but it seems early investors in gold and silver mines seem to lose the discovery hit and bail out looking for the next fix once a miner announces good output and profits. Recent announcements have UGY hedging 70% of their gold at $796/Oz. until May 31st 2009. A good move maybe, but humming and hawing about going in here because I think it'll take a bit of time for it to double which it certainly has to in time no doubt!

In post below I refer to debt, this is meant as the cash they have used to date from their cash in the bank, it being reduced monthly, I refer to it as debt (or ongoing cashburn).

Just read all their stuff, their Cleanroom and premises is worth more than their market capitalization. There's no mention of their current debt situation but their assets less intangibles should see them treading water right now. They seem to have a big problem selling their product and it looks like they will be taken out by an interested party, my guess at the figures (because I don't knowcurrent debt) is that the company is worth currntly £8 to £10 Million, which would leave it as a takeover target at between 12p to 15p per share.........A great but big gamble IMO, downside is they could go bust (only to be born again under another name on the cheap) as they can't raise much working capital with a share issue at this price and could they get further finance from banks, I doubt it.........But things could happen with this company, read about the early days of chip manufacturers where they barely could afford the sanwiches at lunchtime.......A risky buy but could be potentially very rewarding in time is my call on this......

See you're getting chucked from a height on the NNG board.............I've had good laughs with WIG, hope relations aren't terminal there, we can all lose it at times, that's why I don't post on the TAN board anymore, was getting stupid!

Think this will hit 9p again? And do you think there will be a share issue or finance from a Cameroon bank or a JV or even better still a sell to a bigger outfit, there's companies with cash out there looking for plays like this

Time is on our side on this one, will watch this to see if it goes near the 9p before buying..........but as I said it's a long term share, I see the SP well up over 3 times this in a few years....................

Yea, saw that about the price, go to www.oilbarrel.com and see what they say about them. I feel this share won't drop too much more, ok it may hit 10.5p, but who knows!!!

There will obviously be an announcement of an issue of new shares soon to fund this operation, they need about $50Million so take that into the equation as well.........but with proven reserves they may get finance in Cameroon so if there's a bit of a gamble the share issue is it, but even if they do issue new shares, this price is still very good IMO...............

This is a very good long term buy, by late 2009 they will have projected revenues of around $80,000 to $100,000 per DAY which at at $80K per day will give a turnover of around $30 Million/Year approx. They are in stable Cameroon too. Their share capitalization at this share price of 12p is just £14.89 Million............seems a very good buy at this price to me and nice and low right now!

Thanks for that, I think this share could drop maybe another 5% to 10% and if it does it's a good punt, I'm out at the moment after profiting, but looking to get back in as soon as the price gets a bit lower.......Spread is quite forgiving too........But the price may not go lower, just like I was waiting for BLNX to get to the 12P area which never happened and look at it now from 17p..........miscalculated by 5p and now missing out on nice profit...............

I posted yesterday on the TAN board that I'm no longer posting on the TAN board, just to let you know. This share by the way is worth looking at and if it drops a bit more is good value in my opinion. If they get further approval this is one to be in but like a lot of shares on AIM there is a good bit of risk attached here and it's a medium to long term share, lots invested in good research IMO!

OK, looked at the site and there's info posted yeterday that explains the whole situation, yes they have cash but it's going to be used up pretty quickly. They have invested heavily in a lot of exploration and infrastructure and it looks now as a previous poster pointed out that this is going to be a long term share. For me I'm staying out for the time being, but going to keep an eye on it...........

It's the too good to be true element of the equation that's making me hesitate, what's killing sentiment on this share is the zinc price which had them motballing their big play in Burkana. Now unless they have still to make huge payments from their cash fund, I cannot see anything else other than a bit of cash burn that justifies this low price????????

Thanks for your comments on the OTHER board, appreciate your balance on things..............This share has me really thinking, as if my maths are correct even if AIMR had only £30M in the bank, which they have to have more than IMO, then that makes the share worth 3p not counting assets under the ground...............it looks to be undervalued by at least 100%+................Anyone wish to check this out and comment?

Think I may get in myself here finally, I want to go through all their stuff again, seems to good to be true that they seem to have or could have way more cash in the bank than their capitalization...........Spread is unkind, so have to consider that too.............

Weird one this, with all that good news more sellers than buyers showing, this afternnon could be interesting when US opens

No you haven't wasted my time in any way, I appreciate any tip on a share anytime............GL on it today, will watch with interest later..............

Yea, I'm in a good position in IVE, any idea what the upside on this might be with good results announced, their graph is headed down which looks good for a rise North on the back of good results.................

Only share I hold is IVE until after we see what August has in store, this has risen as you expected, still haven't had time to look at it, busy day later on today, good luck on it!