Member Info for JMAX

Ghana is Africa's largest gold producer, and by paying in gold they don't have to exchange their currency for usd.

Why are they choosing to short TLW - because of the poor performance and lacklustre updates. We are not at this level because if shorts, they are here because of our own failings.

Thanks for the reply

What was your logic for selling at this time ?

Anton,
You could treat yourself to a copy of the Zulu Principle, by Jim Slater - for Christmas.

I am expecting a lot higher than 900p

SLT.
In the last update it stated that production guidance had been narrowed - yet another drawback for the SP.

It is but I couldn't resist selling a trading tranche

It has all been discussed on here - and we are here until the sentiment changes.

It would matter as the floor price would protect the hedged production and the remaining production would track the OP.

I worked in the city but not directly in this field, more FX. so I got to know people and learnt from them and self taught thereafter.

I am a full time trader.
One thing to consider - we are speculators and not investors.

PG,
If the sp is as highly manipulated as some say, then it should be a steer clear rather than a buy. As for brokers their predictions are worthless and that's why they cost nothing.

How are you getting to this 100p plus valuation?
If Kenya was factored in to the merger, then it must be factored in to the current sp and the sp dropped after this merger was announced.

With the Kenya project in the balance, how would a fair price be agreed?

Have a look on Youtube - 'oil hedging'

This company was never going bust, too much hassle for the lenders, so it was restructured to pay off the debt - hence the hedging and dismal sp performance,

If this was a sell, how can it be a short closing? And the movement in the sp is insignificant.

Why make or break?

Pang,
I tipped Fres on here about 6wks ago, it is worth keeping an eye on. Longer term Uog. But please DYOR.