Member Info for modsa

Sad, but I fear you jumped just too soon, that's a mistake I've made many times in the past.

Simple, we all overpaid when we bought these shares. I'm afraid that is the story of most AIM companies!

You should be over the moon; but in your place I wouldn't sell yet. I've just topped up with another 20000!

After my brother in law was most insistent that there were better places for my cash, I sold just over half. Ther are some interesting plays in Africa, BMR, KIBO, ZAM, SOLO AND LONR, ZAM appeals most but now looks a bit pricey!

Don't be misled the "sell" of 10k @ 12.24 was a buy!

Re directors sales; not a bad little profit if they buy back in at £1.20! Still as they've done pretty well for us should we really cavil at this dilution which, hopefully, will be earnings enhancing. Buy for the dividend/return of capital.

While we are in this recession and companies finding it difficult to find other than equity funding the price of most AIM shares tend to fall when it looks like the company needs finance. It's got a good board and in my view if we can stick it out for the next 2-3 years we should be quite happy, not only with our profit but also with having done a lot to help quite a few people, as the statement with the Annual report shows.

Very glad to see that EKT are not having a motion to disapply premtion rights at the AGM. This unnecessary motion is only of benefit to a small (numerically) number of investors and although it is usually justified as "normal" it is a good way for a board to avoid awkward question over what can often be very risky decisions. Good for Elektron!

I like the fact they are engaged with an international advisory board. If they can broaden their market to take in Europe and the emerging markets it will provide a useful shield against any fall back in US orders. The reliance on the US for sales has worried me!

I agree strongly with both your points. Trouble with issuing production cost figs. is they may think it provides too much ammunition for th competition. As for the Fed they are desperate to stop those foreign held $'s from coming home, hencence th propaganda against gold, imo.

Hopefully we are over the worst. If gold stays above 1400$ today I think we'll all be very happy by Christmas

At these prices and a buy reccomendation from Ireland; why aren't the directors buying?

Western manufacturers are now begining to look for an alternative to China for cheap manufacturing. TIG, PTD and EKT are all sizeable emplyors of labour in Africa and if Fastjet can take off it could stimulate growth. Political stability is desperately needed but Tanzania and Zambia look stable. One interesting one is Ethiopia, also a minor gold producer, where the government are keen to encourage employers to set up business.PTD seem very happy with their leather manufacturing there. All small stuff and I woulddn't expect growth to be as fast as China's was, but worth considering for pensions or grandchildren. I agree with you that QE is going to continue in one form or another. The German election will be revealing; in what way wil lbe down to the German electors.

By insisting on Cyprus selling its gold the EU has sent the message that any member state in financial trouble is likely to be forced to sell its gold. Given the precarious financial state of Portugal, Spain, Italy and Greece it's not surprising that the big gold buyers are holding off until the situation becomes a bit clearer. On a smaller scale speculators are having to run for cover. Analysts, as usual give conflicting and ambiguous advice so we must make our own decisions. In my view, in the longer term the global economy will gradually return to steady growth, with many of the stable African states taking over China's mantle as cheap manufacturing areas. Those rich with raw materials will no doubt make rapid progress. This will take up the slack left by the reduction in Chinese demand for raw materials; an indication that infation in the West will rise. An increase in production in the USA together with the past, if not continuing, money printing will fuel inflation. Europe, and particularly the Eurozone, is the wild card but if the Germans avoid destroying themselves I can't see them halting the increasing prosperity of the rest of the world. I shall be adding to PAF at the first available opportunity.

Went as low as 1431 this am. Hopefully this is the bottom!

This article and the tthreat to sell Cypruse's gold indicate to me yhat wittinly or unwittingly Governments are btinging doen the price of gold. "And here in Argentina, there came an announcement this week. The government will freeze the price of gasoline for the next six months. Price controls didn't work for the Romans. They didn't work for the Germans. They didn't work for the Zimbabweans… or any of the other hundreds of governments that have tried them. But who knows? Maybe they'll work for the Argentinians… … or, gasoline will begin to disappear from the filling stations. But inflation is just getting started here. The rate is officially about 10%. Unofficially, it's 30%. Officially, you can trade a dollar for 5.4 pesos. Unofficially, you'd be a fool to do so. The black market rate is eight to the dollar – and more. So what do we do? We stick with the king of cash – the dollar. Which explains why the dollar is so popular. Every time we come to Argentina we bring the maximum – $10,000 each – in $100 bills. Then, when we need to buy things, we trade our dollars on the black market. Isn't that illegal? We don't know. We went to a money-changer in Buenos Aires. At first, we couldn't find it, there are no big signs to tell you where it is. So we asked a policeman for directions. Turned out, he was standing right in front of the money-changing shop.

I take your points, but I'm not expecting much in the way of cost savings this year given the recent pay increase given to miners in SA, and with the speed at which gold is falling I think it sensible to be prepared for our sp to fall below 14p. I am sure that those central banks wanting to buy gold are rubbing their hands at this fall in price and will hold off buying until the upward trend restarts. As a long term holder I hope I shall be able to buy more at or near the bottom but I'm certainly not selling, that's for guys who like to sit in front of a computer all day!

Unfortunately the gold price is rapidly approaching the point where cost of production will leave Evender a profitless mine. I don't think the situation will last too long as there is far too much paper floating around. If all the $'s they've printed come home the US will have the mother and father of all headaches! That would send the gold price sky high again.

The disposal of so many share by the CEO does not inspire canfidence. Although I still see a good future for the group there is now likely to be a period of low growth.

I feel this one is likely to join ANGM in the near future!