Member Info for JohnLewis79

that's it as far as i'm concerned after 15 bloody years the lse app doesn't recognise me. i don't mind logging on once a month but 4 times in the last 10 days is taking the ****. have a nice day. i'm off.

OK Prof.....good to hear there's gold in the ground. One day we might see some of it reflected in the share value.

Didn't someone say c.2m ounces?

Oh yea.....and it rained a lot!

Seb10 if you understood the RNS your a better man than I am! They may as well be talking in Chinese for all the sense it made to me.

Latest:- Vix 17. Brent $88. WTI $86. Gold $1851. Copper $3•661.

Palm $902. Silver $21•925.

$1•219. €1•156.

10y/tb 4•804.

FF +3. DF -188.

Far Eastern markets start the week subdued, amid geo political tensions in the Middle East after the surprise assault by Hamas when Israeli forces were caught off guard. Over 1000 on both sides lost their lives yesterday in what's being called Israel's 9/11 moment.

In retaliation Israel plan a full scale ground and Air invasion of Gaza intending to wipe out Hamas after the horrific news 260 holiday makers at a musical festival were brutally murdered in cold blood by Hamas gunmen.

On the mrkts US data showed a much larger than expected addition of new jobs in September (304,000/170,000)

and later this week US inflation nos will be released. Dealers fear the Fed will be planning another rate hike before year end. The Dow is called down c.200 at opening.

Morning all.

Cheers Prof, more in spirit as there are lots of knowledgeable posters on the board than when I used to add my twopence worth. I'm not sure what the sp is telling us apart from "come and buy me."

Personally I favour a decent cash settlement leaving the GOR to sort out and develop Bhukia. As the're so determined to keep the assets for themselves we'll here it is. They don't know it yet but many a headache awaits. Let's develop WA with DFR and a big chunk of cash in the bank some of which could be a special cash dividend to holders, or pay off our debts or even buy back a slug of equity. I'm very pro being a debt free miner!

I'd rather be free and clear with £500m ex all costs in the bank than years of hassle in India. Let's face it India has been a drain on our resources for little return. Time MB twisted some arms.

Take the money!!

DJ +288 (33,408)

SP +50 (4308)

NS +250 (14,973)

R2 +6 (1124)

WTI $83

10ytb 4•804%

MSCI(W) +29 (2845)

Gold Bugs +4 (206)

Close:- Vix 17. Brent $84.

Gold $1834. Copper $3•633.

Palm $902. Silver $21•765.

$1•224. €1•156.

Yen 149. Yuan 7•3.

FF +25. DF +18.

Morning all.

Another big uplift in volumes and trades the shares ended at 710-750. I don't have the exact splits but weekly volumes topped 245,000 traded (c.3x) last weeks vols. Bofp calcs 145,000 buys v 100,000 sells on c.310 trades.

Pretty disappointing considering recent contract wins. While the MMs still attract sellers in decent volume headway is going to be a bit of a slog.

Wk40

Sp +10%

710-750

T/vol c.245,000.

Buys c.140,000.

Sells c.105,000.

Buys 57%

T/trds 310.

Ytd

MSi +10%

Ftse +0•57%

Aim -16%

DJ +1%

S&P +12%

Gold +8%

Oil -2%

Palm -12%

Thought I recognised the moniker SheerClass. I used to have a decent holding here back in the day but frustration and a tanking sp forced me to act. I did a few quid I can tell you but have recovered pretty well. I retain an interest in PAT hoping we get a result.

Good to see more posters arriving here. Positive or negative views are welcome, even those who are short the stock. My views are well known so no need for me to cont to promote the shares. Your either a believer or a pass-by-er in which case good luck.....

Investors are an ungrateful bunch. Since late Dec '22 the company has rec'd orders for c.£130m to supply the US navy and our Vshorad counter drone weapon system to an overseas buyer. That's more than the value of the company.

I struggle to see how the mrkt attaches little worth to these contract wins. Value will out in time they say and I'm sure they are right. My 900p year end looks a tad optimistic but come next year it will be very achievable.

Most investors won't forget Oct'87 and Oct'08 months that shocked investors for the severity and speed of the crash in equity prices.

Delve deeper and surprisingly

October shows positive returns on average over the period 1950 to 2022 with 45 up years v 28 down for an average return of +0•79%.

Best up year 1974 (+16%)

Worst down 1987 (-21%)

Of course the bigest trend of all is equities go up over time the lesson being buy and hold for a winning strategy. If your patient compounding will do wonders for your stock values.

Walls main indexes dropped yesterday on data pointing to a tight labour mrkt and t/bills remaining at elevated levels. Add in concerns over US Govt spend, the ballooning budget defecit and fears of a Govt shutdown, investors have much to contend with during October.

Focus will now be on Sept non farm payrolls expected to come in at 170,000, down from 187,000 in August. This will be the 4th consecutive month below 200,000 and is heavily watched as it affects the USD, bonds and equities. An easing labour mrkt is a plus for the Fed.

A small decline on the S&P was led down by consumer staples (food & beverages) as the age old bull v bear vie for top dog. Most are on the sidelines watching the S&P 500 in case it falls below its 200 DMA at 4206 which could trigger a downward move. Wall brokerage consensus is for a c.4600 close on the 500 by year end.

Decliners outpaced advances by 2:1 on the NYSE where 1292 stocks gained and 1577 fell on 10•3bn traded.

DJ -10 (33,120)

SP -6 (4258)

NS -53 (14,723)

R2 -2 (1118)

WTI $83

10ytb 4•719%

MSCI(W) +6 (2816)

Gold Bugs +2 (201)

Latest:- Vix 18. Brent $84.

Gold $1825. Copper $3•573

Palm $897. Silver $21•165.

$1•218. €1•155.

FF+21. DF-47.

Morning all.

Softer than expected US jobs data sent bond yields retreating from 16 year highs. Payroll processor ADP said US private sector employment rose by a tepid 89,000 jobs in Sept its smallest increase in over 2 years and well below Wall's consensus for a gain of 150,000.

The news pointed to a cooling labour mrkt which pleased investors after the recent drubbing which sent Vix to a reading of (14) indicating extreme fear. Stocks rose late on pushing the Dow off its 260 point session low and the Nsdq up 211 at close.

Growth stocks Apple, Msoft, Google and Tesla benefitted rising between 1•5% & 4% while energy were worst hit as crude prices fell on demand concerns. Oils ($86) once the star performers are flat this year after hitting a ($100) 52wk high in late 2022.

On the NYSE risers outpaced decliners by 1•15:1 recording 1 new high and 39 new lows. Up stocks 1746, down stocks 1135 on vol of 9•1bn.

DJ +127 (33,130)

SP +34 (4264)

NS +211 (14,776)

R2 +3 (1119)

WTI $85

10 Yt/b 4•720%

MSCI(W) +11 (2811)

Gold Bugs -1 (199)

Latest:- Vix 19. Brent $86.

Gold $1828. Copper $3•593.

Palm $895. Silver $21•365.

$1•216. €1•155.

FF+30. DF-10.

Morning all.

I hear that private equity have been getting their slide rules out attracted by the low ratings of many Aim and small cap stocks. The financial press have been especially damning of some of London's major companies seeking investors overseas while ignoring home grown talent.

Winterflood securities the London jobbing specialist reported a big dive in profits due to a shunning of small cap stocks by investors. I'd suggest they are part of the problem as blaming investors for their poor performance might be due to jobbers now called market makers inactive support of the stocks they make markets in.

Take note of MMM (market maker manipulation). Where dealers get up to all sorts of wheezes some of which i list . They cramp the odds, widen spreads, refuse to buy or sell in decent sizes, close quotes, deliberately try and shake loose holders out of the mrkt by busting stop losses. There's more......

Private investors believe they front run which is illegal but difficult to prove, run naked short sales (selling non existing shares) and sell short in declining markets which was illegal at one time. In fact do as much as possible to pass on all the risks to the investor while avoiding any risk however small to themselves. It used to be called a rigged mrkt.

Hardly the stuff of the old trading floor, the face to face dealings and my word is my bond, dating back to the old merchant traders of the late 1500's. Since 'Big Bang' and high frequency trading your now on your own. So have a Martini, shaken not stirred and hope for the best.

Unless your a million pound client who is prepared to pay for advice you will sink or swim by your own efforts. Many realise the cards are stacked against them and opt for a passive investment via a fund or have given up entirely.

If volume trades are anything to go by and there has been a big uplift, investors in MSi are undecided which horse to back. Half way through the week a total of c.187,000 shares have been traded buys outpacing sells by c.107,000 to c.80,000 leaving the shares unchanged at 730-760.

Evening all.

How short investors memories are, just 4 trading days ago our defence arm was awarded 2 contracts worth $40m or in GBP terms nearly 200p a share. Both with scope for considerable add-ons in the future from our long'term ally the US Navy.

The euphoria was typically short lived as profit takers dented the rise and will soon be gone to sell out of other companies stocks. Anyone selling MSi now is likely to be sorely disappointed in the next few years, so I'm not about to dissuade them should they wish to take their money and run.

Jobbers react to trading flows rarely looking beyond their book. Its a risky business should they get their sums wrong and therein lies our advantage. We need do nothing but jump on mispricing when we see fair value on offer. It's not rocket science is it?

So I'm not in the least perturbed by falls in share prices, on the contrary I welcome cheaper offers. Why would I worry if I could buy MSi 50p+ cheaper today than a few days ago? Surely I should be cheering from the rooftops!

Trust me I shall soon be tap dancing to work and think today's weakness is a great buying opportunity for long-termers who believe in time MSi will become a £500m 'big-little' global business. I don't think it requires a leap of faith for that to happen.

Afternoon all.

As per usual late reported trades of 38,500 (17,000 buys) will set the direction of travel today. No breakout expected this week and I remind holders MSi is up 17% ytd which on the face of it looks reasonable but we know better....

DJ -431 (33,002)

SP - 59 (4229)

NS - 272 (14,556)

R2 -20 (1116)

WTI $89

10ytb 4•847%

MSCI(W) -39 (2800)

Gold Bugs +1 (200)

Latest:- Vix 20. Brent $91.

Gold $1823. Copper $3•595.

Palm $900. Silver $21•225.

$1•206. €1•153.

FF -17. DF-103.

A surprisingly strong jobs report saw employers advertising nearly 10m job openings in August much higher than economists forecast. The news put the skids under Wall St the 500 dropped 59 to its lowest level in 4 months, the Dow tumbled 430 wiping out yearly gains and even big tech saw considerable losses the NSDQ off 272 points.

Over 1200 stocks hit new 12 month lows sellers even turned on big cap AI stocks. When new lows exceed 1000 it typically means there is fear and some capitulation taking place when oversold becomes insanely oversold and its panic stations.

Rising t/bills in the bond mrkt and a still 'hot' jobs mrkt is being blamed for the S&P losing more than 40% of its value since July as bond yields surge to highs not seen since 2007. US Treasury Secretary Yellen went so far to say she's very optimistic about the US economy and alarm bells are not ringing just yet despite debt to GDP ratio well over 100%.

Despite the ongoing turmoil the 500 is up 10% this year but futures call US stocks lower at open today. Morning all.

Have to say the jobbers have done a good job of keeping MSi stock on a tight leash today. I'm not sure why their holding the stock back given buys outpaced sells by nearly 3:1 on c.24,000 volume and on c.36:10 trades. Shares unmoved at 760.