Member Info for GloriaMarket

.. had an ENK loan planned 2 years ago the financial crash. So it's not that caldag and the nickel extraction process is an unknown project. Since then if anything ENK has gone from strength to strength: the rusina mine, the mining licence and envrionmental permit for caldag. As Simon Purgis said there aren't many projects in the world at this phase, waiting for funding so the button can be pressed for the machines to roll out of the warehouses. I really believe this now-speculative share has very little chance of going wrong. Chinese bubble or another financial crash could spoil it , as could an earthquake. who knows. Personally it's a matter of timing: do investors wait for ENK to fall to 6-7p again due to more uncertainty or wait until sp goes to 14+p after good news is announced. Mr Korsant invested millions last year around 7p. That's around the time I bought my first shares in ENK.

I think the news will be that the western bank(s) are replacing the chinese bank. What will that do to the share price? Probably go north. But then you just never know. You could be right.

...IMHO

The credit for the RNS goes to a friend of mine. He is waiting for another share to take-off in order to sell and buy into Titan. He hopes Titan will stay under 30p until that moment. Yet I doubt it. TSW will hopefully reach a new level of around 40p very soon. I think ITWhizzkid was correct about the Lehman brothers sale forcing the sp temporarily under 23p. That was a really good post by the way, ITWhizzkid thankyou. What a bargain at 18p it was a few weeks ago (unfortunately I missed that window of opportunity!). It's still a bargain at 29p.

i now see fundamentalanalysis already posted the link. Thankyou.

read the titan website please. http://www.titaneurope.com/news/news.asp?id=135 The Board of Titan Europe plc note that there are a number of commercial mortgage backed floating rate notes listed on the Irish Stock Exchange which have "Titan Europe" within their incorporated name, such as Titan Europe 2006-4 FS plc. The Board wishes to clarify that there is no connection between these entities and Titan Europe plc or any of its subsidiaries.

are people referring to the one from 26th march?

If my memory serves me correct Korsant bought $3 000 000 of shares at around 7p last year (july I think).

if lehman brothers are having to sell loads of shares as mentioned in a previous post by Itwhizzkid. I think there will be enough shares available to satisfy everyone. If there is it will be more of a tree tap. which is why I tiopped up this morning with best price.

I agree. Manufacturing industries like this should do reasonably well this year too.

oh no... that'll be the infamous petertee sp kiss of death as I've seen with mecom... STRONG SELL!

the thing is the mine doesn't even exist yet.

sounds like you are trying to hype stock? .....imagine if the world economy collapses more and then the chinese put the whole thing on hold

I hope you are right. I plan to buy cape next week when it falls below 11p. I'm only a small investor as you can probably tell.

starrenstoff, you are correct, asbestos is not new yet always very significant. CAPE recognize that at least. They even bought a webdomain. http://www.capeasbestosfund.co.uk . they obviously take it very seriously indeed.

campden, it makes sense. if CAPE does not compensate, government (or governments) will have to pay for the treatment (nhs etc ). UK government is probably fed up of bailing out businessses right now and is determined not to let business shurk their responsibilities. actuarists think that the calims will increase? interesting.

I don't know anything regarding asbestos. Only that every company I know of that deals with it or has dealt with it have major problems with governments. It makes me nervous. campdon states in this forum: Asbestos claims generally have not yet peaked.Cape are being unduly optimistic.Claims for the first half were over 2m and will rise despite the ring fencing.Asbestosis has a very long "gestation" period sometimes up to 40 years before symptoms reveal themselves.Cape may also be faced with Pleural Plaques cases,a form of asbestosis,if a Law Lords decision is overturned.Govt is reviewing.

The asbestos claims cannot be under-estimated. anyone know roughly when will the judgement be reached?

Campden good point. This stock is falling faster than the market at the moment. I think it might be 12p by the end of this week. By the end of next week it might fall below 10p. I hope their Q1 figures are good otherwise it will be a long time to return to 20p +. Penny stock or not - I'm very cautious/pessimistic about the market at the moment.