Member Info for luderitz

It encouraging that the Govt approach seems to be more tax on high commodity price periods, and seek advice from IMF or World Bank on mining sector revenue reform aspects, so overall politically good news, reentered at 138.

High 17 to 21 was a quick rise, thought we might have gone to 23-24 before dipping, with the US army purchases longer term potential is good, had planned to buy a few more at -18 however funds in the wrong place GLA watching for dips!

Would prefer we got to low 20's and stayed there before we tackle bids by the stakeholders, we bounce from 14-20 ish, however wouldn't mind a few more at the lower level! Given the media liking a market fall scenario, holding gold shares has to be an advantage?

I was impressed by the last one, and bought in av 90p for me, another one next week, will watch, personally one to hold and accumulate, given the current logistics and world trade issues.

Plodding along is a fair description, will buy on dips, however the SP is more likely to rise than drop, one to hold and accumulate. GLA

Well balanced, in a nutshell make Sukari last longer with more work faces, some local shallow pits may add a bonus.
The underground aspect could be expensive but add better grades - more info required.

New Eastern Desert areas may be the most promising, and CEY have good relationship with Egyptian Gvt.

West Africa waiting on feasibility study though a new area adds to costs could add diversity, overall mixed feelings.

A slow but steady climb back to the orions 17 buy in would be good, anything above even better eventualy the curent product price v cost must add to the SP ? short term target has to be 20, great for all the new buyers.

Having been to the area in question and crossed it with some bushmen, I do occasionaly wonder if the Kalahari deserves a plant, however I am a shareholder and if de beers can mine diamonds why can we?
GLA

ditto ref twitter, hopefully over the next few months Jan will get noticed, if ARCM finaly sell may some of them will join the party too, Valore can only be of assistance to us!

It was 6p if my memory is correct, good to see us getting back to it, did increase holding to the 1m club, the fundraising revenues can only be good news though at the tme it was annoying the pi wernt involved, but got a few under 6p GLA

Apple, despite have traded on weakness I aveage about 18p, yes surprized by the drop was not anticipated a poor last year, if you can grin and bear it its numbers on a spreadsheed, yes I have chunky loss too, but can sit it out and

I'm diversifying one to watch may be KAV (Botswana) but again no guarantees but potential. As a rule of thumb I have made more from mining companies than anyother mind Morrisons was good recently 42% rise and yes sold out

Given that many of us maust have an average cost of 3-5p, hopefully we revist the 8p anything avove is good news, would find it useful to get it over and done with sale prefered for me. GLA

Very impressed by Maurice Healy's presentation last night, an interesting niche player at apx 8m now target 50m over the next 3 years by aquisition and progress, so the 10K this mornig was me, given an IPO of 100 v 91 well worth it and I will watch howver its a longer term play. GLA Worth a look at.

Like many over the past few years opinion was for SP to rise short term, given all the progress and hicups, the prospects are there, the mineral in the grounds its become a longer hold by default, for those buying today bear in mind Orions purchase at 17 and they did due diligence, so patience is required. I have too many to average down effectivly.
So have added KAV, ATM, ARCM, JAN, OMI since all slighlty different KAV might b very interesting. GLA

Interesting, down to earth as opposed to a polished pr style, could have used fewer slides with basic test for facts, progress, plans.
Surprized by JV msg today, however if it works and adds value fine, bit at odds with Gold field, unless plan is to jv / sell the gold and have a smaller future with cash in the bank?
sold to average down as added at 14p so 100k with av 17p happy to hold longer term as I started at 23p GLA

Alfacomp,
yes we have now had that now for a while, I think the low % of jabs in RSA, Zuma's court judgement, the richards bay shooting are also live issues that muddy the water, however lets be thankful we in the west have the vacines.

Despite the markets wobble today, if one takes the longer term view yes we have hiccups, most of us feel the Sp is low, the fundamentals are being put in place, I'd be happier if our low was nearer Orions but in 17p?, remove the potential 50p + however certainly we will get to mid 20-30 it will just take longer that we initialy thougt, patience rewards those who wait! GLA
meanwhile I will continue to diversify and hold here.

Alfacomp,
My comment ref steel is that having worked in major construction projects one plans the material before a kiln rebuild its not a spur of the moment decision unless its a sudden unexpected disaster? Yes I accept the market is tight we had the funding in place so the materials should have been lined up I have worked with too many planners!

Morning all,
Interesting reading through the txts, I'd be happy to see a return to the 20's as would many with similiar averages, yes there is a future for the SP, the assests etc, but we half struggle to get there.
it wouldhave been nice to see an estimate on the effects of the current V prices versus production, I think the lack of steel for the 3rd kiln is poor management! GLA

Well formatted summary, I was unaware that lemur had been sold a a quick look at Rns I can see an obvious one (1 page look), thanks