Member Info for Impecunious2

Hi, Bhargav

It's rising, because people are feeling more cheerful. The world's not going to end tomorrow, and Ukraine's going to win the war.

Hi, Mapp

Thanks for this. I've checked it in my Langenscheidt dictionary, and you're quite right. I learn something new every day.

Hi, Roger

If the Molopo results are bad, I won't be selling, but buying more. We've got a great CEO, who owns 76m shares, and knows what he's doing.

If the results are good, I will be selling, some but not all; in the hope of buying back slightly later at a cheaper price.

Hi, Bhargav

Thanks for this. It's good to see someone challenging the slogan, "two is better than one," which I always had some doubts about myself.

Best wishes

Thanks for this, Herne.

Happy new year to you, too.

Good to see everyone so cheerful today. It must be the mild weather. "Hope springs eternal in the human breast" (Pope), including my own.

Hi, Herne

I'm sorry to bother you, but could you post a link to this info?

I assume by Gervaise, you mean Gervaise Heddle, who is now rich enough to take a gamble on outside chances (which is how he became rich in the first place).

Best wishes

Yes, I thought this would happen. Buying in the 7's doesn't look like such a bad decision now. We deserve it, for we've all been through purgatory.

Hi, Bhargav

Thanks for the reply in para 6. Yes, I remember that morning; in cash terms, my loss was slightly smaller; as a percentage of my capital, probably greater. We live in hope.

Hi, Bhargav and Portfolio,

Thanks for the commentary. These things take time and research, and I'm sure all amateurs (such as myself) owe you a debt of gratitude (though I'm pleased to say, not a debt of money).

It's interesting to see Bhargav being more cautious than last year (for 2022 already belongs to the past); and he's right to follow the example of John Maynard Keynes, who said, "What do you do when the facts change? I change my mind." Or it may have been Paul Samuelson.

Happy New Year.

My guess is that the other trades at 1.32 or thereabouts are also buys. Lse should stop using an algorithm, and just record the transactions and the price, with no further comment; or the brokers should be obliged to declare each transaction as a buy or a sell.

That supposed sell at 15.04, 453,182 shares, was a buy. It was I.

I mentioned a Santa Claus rally, a few days ago, and said it wouldn't affect OMI; but it now looks as if I may be wrong, I'm delighted to say.

I wonder if Hochschild would be interested in a joint venture on Anza; mid-cap South American miner, presently having problems in Peru. The thought must have crossed the mind of Louis and Brad.

Hi, Value

I agree with most of what you've said, but not the reference to "Xmas period lull." There's often a Santa Claus rally; it won't happen this year to OMI (for reasons too obvious to mention); but on the main market (and sometimes on AIM), it's a great chance to make money (just remember to sell on 2nd January or thereabouts).

Hi, Chicken

I don't want to be difficult, but Newmont did walk away from something with GGP about five years ago, which caused a collapse in the share price.

It's good to see bsg enjoying himself so much today (though delight in the misfortunes of others can scarcely be called a virtue). I'm surprised he hasn't repeated his favourite line, which is, "he's trained her well." Perhaps that's a pleasure for tomorrow.

Hi, Breaktwister

Same problem here; unable to put in £5000 on Interactive Investor; it's ridiculous.

Hi, Coolmax

I've been looking through your past posts, with some interest; and see that you were not always so gloomy about OMI. On 22nd February last year, 2021, you recommended buying it, when the price was 36 pence. So perhaps your pessimism now is rather good news for those of us who want the share price to rise.

Let's look on the bright side. January 2023 is not so far away. It's next month.