Member Info for mogo

she blows ! -quote from "Moby Dick" lol..

Looked at the Coburg site here,it is really just a cash shell whose gyrations should be ignored, they will keep it as that just ticking over to await events,giving somewhere to put things into as required ,the MCap is presently only £0.28m. Obviously that isn't the whole story.GL

following on from Ren's post,using Kitco.From early Feb,.nickel has risen from $6.25 to $7.3. The supply has been rising to a 5 year high,from 100,000 t in 2009 to 270,000 t now..This supply could dry up as they use up nickel stocks to save spending at higher prices..?...

Well at least a slight uptick is being held so far this week GL2U2

there are a number of stuck miners -Vatuoku,Goldplat,MML,Central Randgold which must blow too in any sector revival when latecomers might rush in to pick up scraps..also MIRL and SHG have to come back another time just as OMI should.And AVM the dark horse after some setbacks.GL

Generally speaking,there isn't any rule that says talented directors have to succeed.Though they themselves decide when their life story is written when the fat lady is seen to sing.,and therefore those watch from the outside should not judge. I follow careers of several associated with shares I've had. A. made discoveries from written-off areas bought from a major,made pots of money for his shareholders.Then he had a dispute about results based remunerations for him. The shareholders voted that down.He pumped huge amounts into new projects which were blank,now has retired,the company is still quite strong but far diminished from where it once was, B. another got into projects with the intention of selling these off then getting more.Unfortunately while the shares tanked from high levels,prospective buyers kept putting off finalising deals. Neither of these could be accused of nil benefits,in fact the shareholders who bailed out at the right time did well.The common factor wasn't any kind of incompetence,it was really the 2010 burst on commodity prices that did for those who tried hard,as much as for those who didn't. Unfortunately the ones who tried contained people who didn't deserve that fate,like MP for example.So I hope he does recover his losses.GL

didn't mention the previous director EW withdrawing his action for claiming back money.He also had plenty of readies planked in here,in shares and withdrew the chance of getting some back,though it would result in liquidation-the company at one point stated that wasn't in doubt.Possiblly a renewed belief by EW for some unknown reason ?

see some links over at RGM "nickel prices going crazy" etc.Yes on Kitco there is a price rise for nickel though as yet the supply is stable.GL Good post,thanks.Might be connected to this AFE rise this morning ?

yes still falling but not by very much so it still might be getting nearer a base GL

someone knows why production was lower

the latest Q3 report maybe is what hit the SP recently.However a year ago costs of $1300 were being mentioned ,now around $880 it seems after cuts, and improvements in sources.Production though is down.So we will be getting less gold at higher prices but lower costs.No idea how that will impact on revenues.Hopefully the rise in gold should make revenues rise too even at these lower productions.No idea why production has been lower.The mine life has been averaging 3 years for many years so they remain active in finding new sources.We mustn't be too critical of lower production as that is the case for many mines.And it is another reason why gold has to go up,as it is getting harder to find new sources.GL

How might it appear from MP's angle ? He holds 4.3m shares,is that worth now about £8000 ? From 17p these shares have had their worth cut by 1/100 roughly..He is not a director of AFE though holds another position in Coburg of some influence to that. Linkeden lists his interests as-non exec director at Coburg and at Andiamo, and also as a director of Equator Gold..I'd say such a talented and admirable man would regard this situation as one needing rectifying sometime by as big rise in value.And he'd do his utmost to get to that.GL

Yes as usual in a wonderweek when gold rockets OMI decides to "take another rest",of course when it does rise and it will when it wants to,it can outdistance most of them. Coiled spring ? GL

this is a good Buy time in all gold shares since most have not reacted to this week's so far rises in the gold price.If that holds up a coiled spring comes to mind in several of the better shares including OMI in the next week or so..of course we have first the 19th March Fed. tapering chance coming nearer..more shenanigans then ? GL

I still like this the best of all of them.GL

POG took a hit then recovered,HOC looks like doing the same,and ABG.Can't keep these bigger ones down while gold is rising..GL

this might be finding a base now..?

As we know OMI likes to have resting periods lol.Most gold shares have not reacted much yet to the gold rises this week,so a bit of slack to take up yet ?

got another slice of OMI there ,we might not get this as low as this soon ? GL.

might pick up now ? GL