The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Can't see it doubling in a fortnight unless there's a takeover offer ... In 12 months though I'd be amazed if it wasn't over 30p ... Sub 17p for what they have is incredible but that's the sector for you at the mo. Won't always be this way and now might be the time for some very shrewd bottom feeding ... Proven assets will be in big demand again and AMA have proven time and again that raising large amounts of cash ain't a problem even in the current climate. Big boys want a piece of this as outlined by the holdings RNS today ... Buy and hold for a bonza pay day, mid to long term. Simples ...
Can anyone confirm if the gap got filled today or does it need to go slightly lower?
At 15p getting targeted here it seems. Will be interesting to see what happens if it gets filled.
Serious question .. Did you get a nose bleed tearing yourself away from the QPP chat site? Hope you're ok ... lol
There was something again in the Times this weekend ... You need to be a subscriber to get the full article.
Premier ... Maybe they have a suitor lined up for some of the sealion field down in the FI's and are spending the money already? Should be an interesting week ahead ... Beats talking to myself here ... lol
1.40 is certainly a nice starter for 10 ... Although I too would be more than happy with 30% from here. Monday should be very interesting, rare you see such a big move in the closing auction if there's nothing afoot .. So to speak.
Interesting ... Although I'm pretty sure I'm talking to myself ... lol
Some huge 'o' trades going through this week ... 373k just gone through at 1.07 followed by another 100k at 1.10 ... Looks very interesting ... could there be some truth in the Times article .. "Now, apparently, Fairfield, owned by a consortium of private investors led by Warburg Pincus, is being advised by Rothschild on alternative routes to the public market. Perhaps via another shot at a London flotation or, more likely, a reverse takeover of any one of a number of quoted oil producers with UK assets and a yawning disparity between their values and market capitalisations. Ithaca Energy (off 1¾p at 133p), Faroe Petroleum (¾p easier at 107p) and Providence Resources (up 1½p at 132½p) were mentioned by speculators as potential targets. So were others."
I've taken a few today, hoping I've caught somewhere very close to the bottom ... Good luck ....
Seems it's trying to close the gap at 22p ... Could be a good bounce point unless of course it's intent is to close the gap down at 15p ... This seems unlikely though with 2 upgrades due before the end of the year and one due this month. Watching carefully for an entry here for a hold to the Pre-Feasibility study.
In the entire week ... Only a couple today and nothing yesterday ... Last one out please turn off the light ... lol
Poor advice is poor advice in whatever field you wish to project it. Not sure what day traders have to do with this as you tend to go off at a tangent in your posts but most of your advice seems irrelevant to the project that you are talking about so it's hard to say what your advice actually is. Sorry my advice is not for people affected with Dunning-Kruger just the normal folks out there.
So you've admitting that you got it totally wrong, again ... Thanks for the clarification. P.S. Are you down at the mine this afternoon as I will be passing? Will pop in to see why production is so slow at the mo.
Yes I often pop round to the mine ... lol I do know that Brokers targets are rarely met and rarely worth the paper they are written on. Lower production of lower quality gems does not bode well for subsequent sales especially when gem prices look to have peaked. Expect a steady drift.
LONDON (Alliance News) - Gemfields PLC Thursday said production fell in its fourth quarter, while lower revenue was seen at its wholly-owned jewellery firm Faberge Ltd. The rare coloured-gemstones mining company said its emerald and beryl production fell 29% to 6.3 million carats for the three months ended June 30, compared with the previous year, with its grades falling to 271 carats per tonne from 322 carats per tonne previously. The company said its annual gemstone production fell 33% to 20.2 million carats from 30.0 million carats, and the grade was 253 carats per tonne rather than 283 carats per tonne. ....................... Once production is in decline with growing costs it's like trying to bail out a sinking ship with a tea-spoon.
You seem to have form ... lol Let's get back on topic though ... Production down, costs up and value per carat down considerably. You were very bullish about the latest auction and how it would impact the SP. Why do you think Brokers are issuing downgrades here?
Fails to stimulate the GEM SP. fact ... All that ramping in the lead up to these results has shown you up ...
Please don't cherry pick results to suit your cause "Overall realised price of USD 1.34 per carat including the sale of low grade beryl" Just above the price paid in 2011. You also mentioned the Broker reaffirms but didn't post the Broker downgrade ... Again Cherry picking results to suit your cause. You're being a hypocrite here (and you know it) as you often quote inaccuracies and lies especially on other BB's then slope off without answering questions. The sentence "Please try to be accurate in your postings in future" and "please read our rules before posting". Applies more to you than anyone else on here.
GEM had to sell twice the volume to attain the same amount of cash than it did in 2011 ... No wonder the Brokers are dropping the price targets. Talk is good but the results speak volumes.