Member Info for mogo

I actually have a slice of very little money now ready to invest.My "play dough" to keep me amused till hopeful better fortune in my existing mining shares! Taking time over its' destination.As always the conflict is between surer FTSE350 shares with lower spreads but less potential gains and the more risky AIM shares where spreads are far greater but rewards/losses might be too.In our VPF's we ignore spreads which perhaps gives these shares an advantage over real life investments.

my 2011 VPF which finished last in the competition,on minus 50.95% is at least being outclassed by my again last placed effort for 2012 which is about minus 3% now,a whopping 47% up on that ! Interesting to see changes in those old choices already- 1. MAN Group EMG down 125.7 to 118.3 2. Red Rock Resources RRR down 3.17 2.80 3. Atlantic Coal ATC down 0.45 0.40 4. African Eagle AFE 5.38 5.25 5.Aquarius Platinum AQP up 156.7 192.2 6. Fresnillo FRES up 1527 1817 7. Aviva AV. 285.5 359.1 Comment.the small miners still in a hole AFE,RRR,ATC.However platinum and silver AQP and FRES are more valuable.EMG's hedge is still wilting.The major shock is previous bad loser AV. accident insurance is now not needed, up about 25% !! Yes I'd take on FRES,AV. and AQP in my VPF now!

JT didn't miss much not having money for RRR now it has lost all the gains made recently..The board is back into pessimism but paying back loans is required from meagre gold income for a good few months until hopefully JMS and Mt Ida come up trumps.Many of them can't face that fact, and new investors are getting their first shocks as we longer term RRR-ites have had now for 13 months.With all our shares ,and yes the VPF much depends on answers this year to my 2 questions-1. are we getting more US QE in an election year, and 2. where goes Europe ?

On TV last night a report on the CNE CEO says he won't be allowed the "excessive" £2.5m bonus plus £1m charity of his choice.Where are JT and Jibbo ?,myself and some others keeping this board going,help.

FBT recovering from 35p to 40.5p in 2 days;IMT was ex-div,PFC got a downgrade and AHT no news so VPT still under 100% a bit.

was reading a report dated the 20th which says after RWD being taken over,DCG might be next.I was amazed you got RWD so well..last year they had losses and were 2nd to DCG in most brands,though the takeover will reverse that.DCG was once my favourite share in the 00's lol.Hope this doesn't go sour haha!

all dividend deals I've ever been in there is a trade off between present payouts and future share value-called arbitrage.Thereby the shares are less to balance the dividend.It should readjust through time.in all the cases I've been involved in,the dividend became a straight gain by a years' time though the shares were depressed till then.All you'll need for that is the shares by then or wherever to recover their original value and your dividend is then your profit.I might be wrong this might be the exception which proves the rule in this life you get nothing for nothing lol.Except oxygen,taxes and whatever lol.

Firing up above 20p now from just above 15p last week..

Cue in which RRR have shares is being taken over by UEC..also the gold of RRR produced more than expected last month.See the very low p/e and likely to get a good profit maybe over £20m next time as per Digital Look forecasts,last time out they got £14m though was due to a share switch.Have now shifted a ll the cash I can ready to place in an ISA it's not much but will juggle with it using my Test 3 method.Otherwise have to stick with what I have.An AFE JV partner in gold is merging too with another partner.Care needed in investments-no resolution yet to the US debts or Europe could all blow up,making this the calm before the storm!

In all cases(4) when I've been involved in sizeable Special Dividends,the SP has initially after payment gone down by a roughly equivalent amount,though in every case within a year it subsequently returned to square one,leaving the S/D as clear profit.These events mirror similar events repeated when any share with a decent dividend goes ex-dividend- I'm expreiencing that now with IMT,which has just paid the final dividend and the shares have dropped a fair bit! The market is self-adjusting.These drops happen because incoming shareholders have been denied the dividend from then on for a time.See Investopaedia type in "why shares drop on ex-dividend" and find Investopaedia entry there..

I don't make SP forecasts but the AFE directors have quite low value holdings due to having only a few % of the company and the depressed level of the SP now.However no AFE director has sold since 2005.As far as I know none takes income except in options.The ballpark of what SP they will begin to make a sizeable amount of money is 50p plus.The SP now is above 5p only...so unless they are fools that might be their target.In fact the AFE board are highly talented and experienced..all I can say at the moment,and I've been in since 2008....

even

I'm not mentioned,I'm just the back-marker lol!

It's a lot of fun taking part in the VPF! However in the realworld there is lack of info on these things- 1. will there be US QE again though their Twist operation might be an undercover QE too ? We know the last big QE resuklted in large upsides to miners in the period autumn 2010 to the end of that year.Since then it has been disappojnting,shares have been cut down to 1/3,even 1/5 or less. 2. what will be the effect of a Euro default say Greece or Portugal/Italy ? Maybe towards this summere when debts become too great.TAhese countries cannot print money unless the currencies are freed from the Euro grip. Until 1. and 2. are answered the only sane course is to be careful with money which is still King though there is inflation devaluing it..Personally I'll hold what shares I have but make no large shifts otherwise.Time will answer both questions...

Having virtually zilch money to play with,I'll accept this challenge and hazard say about 1k into a selected FTSE350 share using the Test 3 System you've seen here.FTSE350 has to be for low spreads.Rules as before though I may sell early if prudent.Hopefully a series of wins can propel this investment upwards in a self-financing way ? Many have gone before in that hopeless quest lol...now reviewing a few shares,it might take a week to set up the money then finally select.Was looking at African Barrick ABG and Anglo Pacific APF,but no hurry yet.Is this just a bit of play-dough for mogo to lose,or the beginning of a vast share empire ? Hahaha!

Sold WPP for 10.1% gross profit.Overall £137 from WPP,ITRK and ARM each of 1k.See at AFE for full details.

before resting was thinking that for those without much "readies" to pump into shares,time in holding shares is worth a great deal too.I've too much in the past snatched at shares,thrown them away before they got anywhere,and lined too many pockets of tax mandarins and MM's in doing it...not so much of that in the last year at least. So I hope to see how well some of my own shares can do given enough time.

though you don't see it here nearly half my posts these days appear to be about charts,I'm not a real chartist merely look at old data to comment.This is because we appear to be reaching a climax soon though it might not be good and we can't assume anything..I hope Jibbo's TYM and our AGQ are the first but soon all miners can rise.I wanted to find a nice FTSE350 one to hazard-that word again-my new system on-KMR is one choice though I should probably not do it.My finances aren't great though in time I hope my existing R/L portfolio can come good.My idea of a Sir Fred weekly worst share award is to hopefully let others share in my weekly torment of being last for the 2nd year running,I don't complain about that TOO often so a small load sharing might be in order ?

in fact I now regard BEM as one of those I'd buy if I had money..

is that 25k shares or 25k value if I can ask..all I can safely invest is maybe 1k to 2k cash a bit of a push even at that to scrape it up.Though with patience as I've been showing for a long while-no sells for 10 months only a small ATC buy,I feel I already have the correct shares of my own to do quite well long term given normal cycles.I've never been so inactive for a very long time,used to have hundreds of deals in a couple of months..it's a bit boring maybe why I post too often boring everyone.GL