Member Info for John2015

Fjones I got in at 7p ! After averaging down repeatedly I'm at 4.6 and carrying a paper loss of over£12k on an overall investment of £18k ( net of some sales held as cash to buy in again lower and ave diwn again. So my oaoer loss is around 65% - in reality greater but hoping to break even if I'm lucky snd this trebkes from here !
If I knew then what I know now I would never have bought this or AEX which I also have 50% paper loss on to my deep joy. As Yaz once sang ( and I hope she was right ) “The only way is up” !

Pity it was announced 2 days after I topped up - again !
Ah well holding 220,000 shares and will buy more ( at much kess than 34p FFS ) if the price stays low long enough fir me to scrape up the cash.
Roll on ST2, a good lift in the sp and one which holds this time. - what is it 4th time lucky 5th time lucky ?
I'm losing count. GLA LTH .

The sp never fell below the open offer price until the open offer closed ( and even now the ask is a ludicrous 2.30 - how can a 15% spread be justified ).
Glad I didn't buy any and very hapoy to wait a littke longer in the hope of getting some below 2.0 - which will go ( some way ) towards reducing my average to a more achievable break even, from my current 60%+ loss, if ( a big if IMO ) all the optimism is justified.

If you know so much eurofox why not explain it to us Amateurs ?

another unexplained change in direction !
Buys v Sells look ok . No increase in shorts reported - will check again after close.
No news good or bad.
So of course another reversal - the only explanation logically would be day trades or unreported large day trades.
There is nothing visible to support any other ( or indeed this ) theory.
Its better than an Agatha Christie whodunnit.

and a consequent free interoretation of the mid point is misrepresenting that last 200,000 +. buy as a sell IMO.
Usual games ?

Marjorie Daw,
even without what, I assume, is a lunchtime Auction.
Building cash to buy a few more.

28p would have been nicer - but at least its a step in the right direction.
Thanks jonesrichard

Day Traders party - roll on ST2 news and maybe, at long last, a decent rise that will hold.

by 0.08% to 6.35% - even more confused.

DOWN £6600 on paper over the last 5 trading days alone.
Made and lost a fortune so many times on this I'm getting dizzy !

Why do we need a placing ? Fraser says it won't happen - you're dreaming.

Nor mine - sell price still set at £3.00 Can't believe the (paper) hit we've taken in the last couple of weeks though.

like someone somewhere is taking the p*ss ?

No increase in short positions. Buys apparently well over sales, very positive news and yet day after day the sp is going down. Like many I expected the Finance update to be more positive and thought we were safely above 30p for good. That news was a little disappointing but the ST2 finance should be signed off soon with every likelihood the letters from banks will be in by year end for the initial $3bn. The remaining $400-$600m is hardly a huge sum whichever way its raised given the assets and life of the mine (added to the derisked construction) The initial slide was a massive over reaction and the continued weakness just seems completely illogical. That said if it continues I will top up, even more, again - its too good to miss and better times are very near IMO. As akways DYOR GLA LTH.

that 9 trade really dragged the bid down ! LOL

Quite possibly PAAA - we'll soon see.

Completely agree Alan. Very irritating - roll on ST2 and (hopefully) an RNS and positive reaction to put a stop to this nonsense.

what changed market sentiment at 13:30 to drop the sp back into the red ( again ) ?

I've been chasing the average down all the way from 5.9p now at 3.22p and still nursing a paper loss of 52% !
The assets are there, for goodness sake AEX/Zubairs get on with it, Paint drying is exciting by comparison ( and costs far less ) - what a bloody shower of charlatans the AEX board have turned out to be.