Member Info for ihavenoclue

FEP was a huge pump and dump share and all the P&D's did were remove the word "Standed" from the huge gas "find" they had. I still do not see any real value in FEP and the offer reflects that.

Where as i feel there is no sinister reason for the shares being suspended there is still risk in this share as with all shares. My hope, and my gut feeling gos along with this, that all holders will be happy holding CMR at the end of the year and beyond happy in 2009.

Yes ... i would be worried if it was just CMR but a lot seem to have fallen foul of the new rules so it is not just CMR that is "incompetent". Seems the derampers are trying their best to say this is dead in the water but i feel it is anything but dead just bad timing. I am in CMR boom or bust but i would like to hear some news on Quintana to fee a little better as all my shares appear to be recieving a battering at the moment.

Seems quite a few are falling foul of these new regulations but it's just a shame that this is no the first time CMR has had to be suspended due to it's accounts. I do not feel there is anything dodgy going on and i look forward to reading the recent report on Quintana, even if there has been a few delays, and then onward to production.

Hindsight is a wonderful thing. K i am off to bed now

Despite all the talk of one division being down even average news should push this up on monday hopefully.

Showing a little weakness yesterday and today. If you are thinking of buying i would wait a few more trading days. I feel there have been a few delays at Quintana, nothing to worr about long term, but may effect SP slightly short term if that is the case. Just MHO

They are currently in a close period, i think, and have been for 5 weeks now. 6 Weeks before results.

At the moment there is heavy rain around Quintana so there is a good chance of delays which may hit the price a little more next week if mentioned in results. I should have some cash to buy more next week so i am hoping that is the case but the delay is not a long one - just enough to help me buy in lower ;-)

Morning all ... hot and sunny today ... going to hit 91 today and 100 at the weekend :-) I have decided to double my holding here today with 3 working days till results. Good luck all.

Phase 4 should be complete around that date. Would be great to say it was complete and everything is on schedule. Give this share a good boost letting the market know it is on course for production this year.

I was in the same boat as you but they are really screwing you over. I was lazy and didn't do anything even though i was very unhappy with HSBC. Last year i moved to Barclays ... i can see the exact price i am buying and can decide if i want to accept that price or not. With HSBC i just had to say how much i wanted and the full spread price was shown on the deal and most of the time i had to pay full whack or they sold my shares at the worst price possible. I asked them how they were going to improve their "service" to offer better deals and they said it was never going to change ... i said " Byeeeeeeeeee " It was easy to move to Barclays .... most of the time i save more than the tax and commission on the trade with the Price Improver that they have. Some times a LOT more. HSBC is awful and you are letting them get away with shafting you. I am still with HSBC bank - have been since the days of the Midland Bank - i miss the lion, but I will probably close that account too - had enough of them.

The moral of the story is ... "Don't use HSBC Investment "Services"" ..... They do NOTHING for their customers !!!

They are just trade that allows the buyer 20 days to settle i.e. pay for the trade. When you deal with online brokers like Barclays the usual way of buying is actually a T3. You buy on day 1 and settle 3 days later. If you feel a share will do well, but feel it will take longer than 3 days, you can buy and then pay 5,10, 20 days later. So say you bought £1000 worth of shares on a T20, and within 15 days they rose 50% you could sell them and pocket £500 without even paying for the initial amount. e.g. You buy £1000 worth of shares and are given 20 days to pay ... so your account is in -£1000. In that time it increases to be worth £1500 and you sell your account is +£500. If you buy £1000 worth of shares and it drops 50%, and you decide to sell as you worry it may drop further, you only get £500 back, but still have the -£1000 to be taken off that, so you have to pay £500 by the end of the 20 days. Does that help ?

I have been doing a few calculations. They gave quite a surprising figure. Working on current gold prices of $885 per ounce, and a dollar exchange rate of $1.87, two figures are exactly the same. Starting this year, hopefully, Quintana will be producing gold at the rate of 16,500 ounces. Now if you take off 25% that is noted down on the financing deal Quintana will be producing revenue per year of EXACTLY the same amount as the current market cap. Of course the 16,500 ounces is the initial production rate and you would expect it to be ramped up next year but all the same it is very strange that the two figures are currently exactly the same using current gold and currency prices.

Amazing how many people make silly mistakes when dealing with pounds and pence. It is a total waste of time trying to convert a penny share into pounds. All share prices are in pence ... so why people don't just stick to putting prices in pence i have no idea. The only time pounds should be mentioned are full prices of sells or buys and company costs. Some trying to be clever here just achieve the opposite. I agree with your stance on CMR and have half my portfolio here for the long term. It is not without risk as the Quintana mine is currently below the grade of the working model but they had to get to production before it became a fraction of a penny share.

I stand corrected .. you were right. Could go up to 2p .. did you buy in at 1.2p ?

This is looking a LOT better now !!

There seems to be renewed interest of ACG at these levels. The trading update was in March in way of the final results. Mentioned in that RNS that, at 16p, the value of the IVA book exceeded the value of the market cap. There could be a 3 month trading update released and i feel some are speculating that the picture hopefully has become a bit rosier by now. All IMHO Regards IHNC

Nahhhh ... the placing was at 1p ... the deal fell through BUT up on expectation. I can't see it being much higher than 1.2p. I certainly wouldn't buy in above 1p.