Member Info for mogo

the Elliotts loan- it's a soft loan since Elliott own 28% here.You have to assume some kind of agreement as we've heard nothing about payment of the loan so Elliott must have agreed for it not to be paid for now.What we are waiting for is the conditions.Yes AVM were correct to hold on to their cash pile which would mostly go if they coughed upfront.Elliott know they have to be a viable gold producer so cannot kick them now.Something will be announced sometime in the next period.Depending on that being reasonable the SP might then rise.

unlike you I have no ready sources of cash just now..I am in gold/silver shares to the hilt and feel I am sufficiently into several at lower levels to be potentially able to "pay for" being underwater here and elsewhere..that is of course provided they all rise.As to your question about market directions there are alternatives.Focusing only on gold- which is really impossible without sidetracking into many other avenues which affect gold-the dollar,interest rates,manipulations,QE,tapering etc. it seems we should be prepared to have a temporary fall in gold shares when the main markets tank then a big rise.Others say of course that we should be in cash as gold shares will go down full stop.Sorry but that's what the articles are saying.What do they know ? Good question,so the ball is up in the air just now though encouraging that some gold shares are rising.See my post on POG,about a few things,.GL

some technichalities and conditions are stopping a possible KGI Rights Issue in the future.See the RNS and news on KGI at iii this morning-not here yet.Anyway we would get a chance to take up rights on a 1:1 basis when/if it happened at a much lower price than whatever the SP was at the time.Need therefore to earmark some cash for this if it takes place.

-this is MY daily "fix" lol,leave aside the gold "fix"-note the "quotes"- www.usdebtclock.org

I watch many sites,the Dow index is interesting.The MACD is often better at forecasting trends than the SP.For the Dow,it has gone from over 170 in December to just over 100 now.Another unusual thing is volumes have been falling right through the near 5 year Dow bull market chart,except there were 3 large daily volumes in December.Source Yahoo Finance. One article on Market Oracle said the peak of this market was on 31st December.The FTSE has gone a bit higher though it contains more miners which have been better.Today of 17 UK registered gold/silver producersthat I track,13 are up,3 level and one,Goldplat is down.

At least up to now,all of my VPF picks are up from the start..GL all.

What would cause mogo to favour a downbeat gold company which has missed paying its debts over a successful internet retail company which has just announced vast rises in profits ? Second sight ? Stupidity ? Remember I am the fool who tipped RRR,ATC,and many other pathetic losers.Will I at last get something right ? Or is this another silly mess-up ? Watch this space lol.At least you get some entertainment here..GL

Sorry for this.The ultimate cop-out and U turn if you want to..? Will do nothing,though ASC is up and AVM in danger of collapsing with a broken debt repayment deadline..lol. As you were,for now at least anyway..GL

ASC up 4% and AVM down 3% so far..of course the lower AVM goes the better recovery it can make-just trying to make it more attractive for someone to buy it lol..who am I kidding ?

AVM is up 4.9% now..selling all of my holding of AVM at the close today..and buying for tomorrow with all the proceeds ASC ..GL and thanx m8.Yes no further changes in my VPF till after 31.3.14. ..GL

a $35m to $3m split ratio as said earlier the SP of LEL should be about 11.3 times the SP of LRL...?

AVM got the legendary vote of managerial confidence yesterday,so automatically should be sacked today ! Now when the judges allow please sell AVM and buy ASC for my VPF from the miserable proceeds.I originally wanted ASC but for years everyone has been saying it is about to collapse but it never does.So it will now,and AVM will restructure successfully- right then that's the future fixed ? I dare someone to buy AVM...GL List-ASC,HOC,KGI,MIRL,OMI,PGD,SHG..

spread now lol

we have lost most of our value here,and have to trust that most will be in the unknown value of LEL which we won't know till next week ? Anywhere there is info. on actual resources here ?

someone last week mentioned liquidation of AVM the debt is 2 weeks overdue and the same size as the whole company,but they have large assets in the ground,of course we said that about RRR/AFE lol ! An announcement must be made soon which will be the deal sealer either way.Ah well 6 runners maybe.But I won't sell till I see the announcement...

are you in this ? GL

They didn't pay off a £15m debt due 21st Dec. Costs a bit high around $1150/oz. gold. Comments ?

was considering ditching AVM when I saw they've not yet paid back a £15m debt due 31st Dec.I think the longer term prospects are better,they have enough gold production to pay that back or rejig it.Their costs at $1150/oz. gold are a bit high as they're setting up a new mine this year.The new rules , maybe best to put off changes unless AVM gets a lot worse.

my AVM was nearly worst last week only Jib's AFPO was 0.08% more lol.

was just looking at AVM my poorest runner so far, down 16.05% last week to see if I should swap it and it has shot up by 3.04% now..the thing is by ditching anything someone else might grab them lol.