Member Info for MadChatter

Very good news here I think. A JV with one of the largest gold miners. Doesn't get much better than that. I've had a small punt in here.

$21m winnings!? For a company worth around £31m before news that's a lot of money.

£1, are we still talking about PET here??

Logically someone would only by shares at a premium here if they know something we don't...

No link I'm afraid. I had good a look around.

Good write up in Shares magazine at the moment by JF. He is their commentator on Mergers and Acquisitions and talks about how a lot of firms should be lining themselves up for acquisition. If RIIG can develop strong core products this could be a target for someone I guess. It's certainly what JF and the BoD are looking for I imagine.

Hmm. 300k sold and the price is up 7.69%??

The things I think will drive up the share price here in the short, medium and long term: Significant new business has not been factored into the financial projections, although there are a number of new business contracts in negotiation. With the continued talent issues within the industry in the U.K. and abroad RiIG has had significant interest for these services from outside parties and are encouraged by the performance seen in 2011. Depending on the offer, I would not be surprised if RIIG sold off one of the divisions or there was a management buyout. They could raise significant funds that way to perhaps expand into america or something.

Very encouraging results I think. These guys obviously know what they're doing now.

Looking at the shares in public hands, if we presume for a minute that Shweco Nominees are made up of long term investors, it leaves the tradeable shares of NOVA at apprx 12.7m. Which is not that many at all. If you put that as an average of say 5p (to account for those in before the rise) that would be about £600k. I've been doing some research over the weekend here and I think there is a lot of potential for NOVA to expand it's truck fleet. Which will be highly lucrative relative to the number of shares in public hands. If Moveday do have some legal action taken against them for fraud, it will only be good for NOVA as they must be a big competitor.

"Ukhaa Khudag is not well-known but is situated on the northwest corner of Mongolia's Erdenes-Tavan Tolgoi, the world's biggest untapped coal mine with as much as 7.5 billion tons of reserves. Some bankers say plans for an IPO in 2012 to develop the prospect could fetch as much as $15 billion." http://www.reuters.com/article/2011/09/23/us-mongolia-mining-idUSTRE78M1G420110923 World's biggest untapped coal mine eh? 3 guesses where our contract is...

The only share in my portfolio that isn't dropping! But then there's only been one trade...

The real trick with AIM I think is to always try and keep say 15-20% as cash that you can try to day trade with. Timing is crucial, so very hard for those who aren't actively following shares that will do this. But I've seen some shares that you just know are going to go up say 25% minimum the next day. ORE was one (in Oct, Jan and march). Game was another I saw, though that would have taken a lot of guts to pull out in time. Try and keep a chunk of cash for 'sure fire things' as far as anything on aim can be.

It does seem to have extremely strong support at 0.50-0.55. @jamie I was hoping for the other way around, up here then into ORE.

I'll start to be annoyed if this drops below 0.4. Anything else is just AIM and part of the great game.

This is one share that despite being in business for a long time doesn't actually have much in the way of useful data to discuss or make decisions on. Not that I've found anyway. What they say is all well and good, but without the numbers it's hard.

I think is healthy to have enthusiastic and less enthusiastic people on any board. In extreme both are bad because on AIM individuals can relatively easily manipulate the price. So I think it's important to have a rounded debate where we question things from time to time.

To be fair Magic, if there is even a whiff of a major contract this will easily go over 1p. I can't see 2p within 2012 myself unless there are a series of small contracts through the year. Or unless people go silly over news.

Too lazy to reread it, but as I recall JF has swooped in to actively manage RIIG, restructure it and refocus. The fact that RIIG has a pretty rubbish past is ancient history in a way. IF JF had come in and done a few years ago what he's done now things would have turned out differently. If he had done this I for one would not have bought shares in it because by now it would be worth a lot more than it is now (and my tastes are for early stage growth shares).

Not sure if that was a serious question (implying everyone will hold now)? People will always be selling when the price is right for them.