Member Info for gmed

I agree 100% and I've already bought both. The oil majors also fall into that category. A bit of patience should be rewarded fairly soon with all of them. And you collect some nice dividends while you wait.

Of course it's a marketing promotion - that's Align's business model: buy an undervalued share, tell everyone very loudly why it's worth a lot more, wait for nice rise in the share price. There's absolutely nothing wrong with talking your own book, provided you make your own shareholding known and you stick to the facts, which, for the most part, Align seems to be doing. I'm not unhappy with them as a shareholder.

Mtp, you know it, I know it and Align know it. But nothing happens until a lot of others know it. Patience......

And it's not just talk from Align - they've put their money where their mouth is.

Good way to start the week!

MM could probably avoid many of his communications problems if he would just preface his forecasts with the phrase "if everything goes according to plan" or "barring any unforeseen developments". Not really that difficult, is it?

MiB, thanks very much for reminding us of something we should remember every day ourselves.

Day, he would sell the diamond mine at what might be seen today as a ridiculously low price if he was convinced that the Kazera shares he received in return will soon be worth much more than the diamond mine ever would have been.
PS - You don't have to go to the boot sale. I'll give you £20 each for the Picassos and you won't even have to haggle over the price. So what do you say? Oh, ok £25 then. You drive a hard bargain.

Day, I don't think the diamond operation was bought as a speculative venture but more as part of a bigger plan. My feeling is that as the drilling results come in, GC and LJ have become increasingly convinced that they are sitting on a very valuable asset and are therefore less inclined to share it with, for example, a JV partner. I see the diamond mine as a means to an end - to provide a quick cash flow to be able to self-finance the pipeline and keep all the profits in the company. In effect, what they're doing is trading lower short-term profits for higher long-term profits. As most of us know, you need the patience of a saint with this company, so I'm going to polish up my halo and give that strategy a chance. It might just work.

Funky I don't think S49, or anyone else for that matter, is shorting or has a large short position. Anyone who shorted at much higher prices has closed by now. In fact, part of the rise from April was probably due to shorters closing. And anyone who shorts at this level ought to have a chat with a good psychiatrist. The profit potential is limited and, if GC and Larry suddenly pull a rabbit out of the hat, they're in deep excrement. Actually, we ought to welcome shorters at this point - those are shares that will eventually have to be bought back.

Don't knock the tech stuff. The charts have made me quite a bit of money over the years. You just have to use them properly and understand their limitations. Most chart-readers, including many of the pros, know all the jargon, but don't have the vaguest notion of how to get tradable information out of a chart.

Just got in and found Jaffaman's and Going's wonderful summaries. Many, many thanks to the two of you for all the effort. Much appreciated!

Sorry Southmead, no idea. Maybe the mms are like my wife, who often changes her mind for no apparent reason too.

Technically true, but a market maker is the other side of the trade. If I sell, the mm is the buy side, and if I buy, the mm is the sell side. So what we'd like to know is whether it was a customer buy or a customer sell. The mms know this of course, but they're only required to report the trade itself, not whether it was a customer buy or sell. The midprice buy-sell division is an attempt to approximate the real buys and sells and it's common knowledge that in thinly traded shares the mms sometimes set artuficial bid and ask prices to create the illusion of customer buying or selling. But if you look at the bid and ask and the individual trades themselves, you can pretty accurately figure out which are buys and which are sells for about 80-90% of the trades.

Whoever it was is an MM's dream.

Before I judge how successful mm is, I think I'll wait a year.

If every exploratory well were a guaranteed success, the o&g exploration industry would be a lot more crowded than it is. High risk and well failures are just part of the game and should be expected from an active exploration company. Write-offs just prove that you're doing what exploration companies do and show that you're taking the risks necessary to find successful wells. The only thing to keep in mind is that the ultimate positive cashflow from the winners must exceed the negative cashflow from the losers, plus leave enough over to provide a decent return to the shareholders for taking the risk in the first place. It seems to me this company is well along the path of doing just that.

It's on an industrial estate because they need a place to polish up all the diamonds.

This is an excellent rns, especially considering the difficult environment. At these prices, it's time to buy and put away for a year or two.

Tucson, I think the 2.5p valuation is realistic, but because they've discounted plenty of risk in arriving at that amount, it should increase as uncertainties are resolved. But valuation price and market price are two totally different animals and I would expect a higher (perhaps far higher) market price as enthusiasm builds and investors take a far less conservative approach to the unresolved uncertainties. I don't think anyone who buys at the current price will be disappointed.