Member Info for mogo

Yes the product of our combined wisdom there lol!

I still claim the best reverse VPF shares-ATC,AFE and RRR should be in any list of disaster areas.

Ending my marathon trawl through what will be shredding my picks soon lol.Jib has picked AFPO,CNR,MML and SXX.Familiar miners to me mostly, and top movers when mining was firing a few years ago-which is my problem too with my "goldies" lol..African Potash I'm less familiar with ..It has been rising meteorically since July and was up 1/4 on the 31st.Of the others Condor has been one of the best miners over the last 2 years though with ups and downs,I know Jib loves that one.Medusa- I almost picked that for my gold medal list! It had a good December and has very low costs of production. And Sirius will be capable again of being a winner.It had three big jumps since 2010 and the biggest one seems to be progressing further now. All the above are also very good picks.

Continuing my looksee to this VPF-Prar has Air Partner which has doubled within a year and that is nothing to before that,a hot number. Greggs completes the set, the company has built up strongly since 1995 and though it peaked in April seems to be gearing up again. JT has Sainsburys, the quality end of the supermarkets, a very steady riser in most of the last decade including the year just gone by.Rare Earths had a massive jump in August which has mostly been maintained since.Rare earths are much in demand these days and that will be a possible top mover.. These above picks are well chosen.

Just what I know about my opponents VPF runners,their present form and their possible potentials..feel free to quote this after I get it all wrong lol! Prar-First Group- nowhere near the 800p of the past,a December mini revival was on; Tesco, is wavering a bit these days and off the old highs of near 500p; Legal & Gen earlier in the year April was best for this but in no way rivalling the joys of yesteryear; RBS nationalised,consolidated but has enjoyed the later 2013 somewhat; Br.Land has been building up since 2009.Always good dividends. Jib-Baobab now in a bit of a recovery-was once over 50p ,Sunkar been stuck over a year but once over 80p,Tertiary Minerals another recovery on now- once hit 35p. JT-Diageo-a continual climber for years now over 2000p;Cairn-this has been in a small solid range for quite a while ;BP. they used to say buy in the 400p range,sell around 700p-so is BP a buy ?; AMER,making a decent recovery and has been up to 27p in the past;Berkeley Group Holdings doing well these days,are offering huge dividends over the next few years as they did reliably in the past-will some of that come during 2014 ?

All-Gold is a Cadbury's chocolate,but is also my VPF.No need to discuss them individually,they'll probably either all rise or fall strongly lol.I might manage 1st or 4th therefore lol.

Great comp.The explanation could be that AFF which delisted at 80p 10 days ago was being given 89p for a few weeks so I probably wasn't really ahead at all after the 20th. A well earned winner,Prar' congrats -again.

Arrghhhhhhhhhhhhhhhhhhh !!!!!!!!!! -I was ahead for months,I was ahead last week.I had 21 credits while Prar the WINNER got 3 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It's all right.Not going on the high ledge.My 2014 VPF runners are VERY risky,so either an RRR-esque performance again or tops by 1000% for me !!!!!!!!! Finally for this year thanks to all taking part and especially JT without whose efforts none of this would be possible.It has again proved unpredictable,exciting and a great challenge.HAPPY NEW YEAR to Jibby,Prary,JT'ey and all who come by here. The real winner is of course-------------------------CNE lol.The boringest and least worryingesque share on the stock market lol.

IMIC took over AFF on 20th Dec.I see the shares are in at 89p on LSE now, but that doesn't matter as the shares are delisted officially at 80p from the RNS.Happy New Year to you and all who come here.GL

that's it,get the KGI house in order first then see about a gold sector recovery in 2014..

I'm confident we will do well in most gold/silver miners.I lack the KGI specifics you know about here.Happy Xmas to you ! There was an interesting quote from Bernancke a few years ago-he said it wasn't the reponsibility of the Fed. to ensure stock markets were at high levels.That was during the 2007/8 period when they certainly were not doing well.So will they disown the slump in main shares which The present chart of the Dow especially appears to be getting into the "hyperbolic" possible frothy topping action,going straght up at an acute angle with hardly any pauses.The Herd may be arriving-too late as usual ? Meanwhile gold is in the exact opposite position.But seems to be fairly stable today at about $1200/oz. The net result of the first tapering was therefore a drop of about $30/oz. from the $1220-1240 band it had been in a few weeks..

Charts-CNE is probably a "buy" just now,being down near the 2013 base near 260p,with a view to gains up to 285p.Though again to make decent money on that swing would involve sizeable amounts of cash for only up to 10% gross gains...Anyone with £1m to go in for up to £100,000 profit lol ?

yes it is surprising so far the reaction of the markets to the first tapering.Which though was quite mild.There will be $75bn next month of QE for example.In the previous QE1,Twist and QE2 even talk about withdrawal was enough,while after withdrawal in all cases the markets fell-see charts and articles to confirm that.So far different now with withdrawal of QE3.Though again it is only a 2/17th reduction next month-$10bn from $85bn.Only $5bn directly from the QE too..assuming another $10bn in say two months that gives a 4/17ths withdrawal which might be a fairer test whether the markets can stand it.Why do the Fed. want to taper ? They obviously see the so far over $4T balance sheet at a rate of increase of $1T a year as too much.I have no idea how their minds work on that,and if they could take more on board.They talk but they don't divulge.As a reason for the continuing market surges look to the soft soap talk from the Fed. on interest rates and the economy.Is the economy holding up the markets or the markets holding up the economy ? We will see on that..in the past the Feds forecasts have never been correct on inflation or growth-have they hit a better time ? Again we will see..GL

First in case you are busy doing your Yuletide things can I wish you and all here, a Merry Xmas ! We do not differ as we all hold KGI.It is good to review reasons why we might have bought this share.The fact there is no "country risk" for Canada,however of course that leads to higher average costs due to higher labour costs and there are more green issues and legislation in the developed world.Elsewhere you get lower basic costs on average but you also get disturbances and extra risks of nationalisation,strife and theft. Looking at gold itself,there are not good charts these days,gold has so far failed to find a solid base.For most of 2013 it was "heads you lose tails you lose" with QE/not QE.I am pleased tapering has begun,though it hits gold- because it might expose the main share markets to more of the real world without as much Fed. "nursemaiding".Though yes they will go slowly and might even reverse.Longer term that is not a solution to debts and stability."Normality" is not till you get to "no QE at all and interest rates about 4-5%".At the moment that would finish many mortgage holders and borrowers.It doesn't seem on the table for a long time.Meanwhile as I said KGI must make efforts to lower the costs of gold mining.Yes there are plenty old gold mines which closed in the 20's and 30's in past economic crises.KGI will not join them because they are an efficient company,and because gold is still a desired metal even by central banks in the west.Whatever games they play they hold a lot of gold in their vaults.Do they want that devalued, or all lost ? In absence of reliable returns of central bank holdings and values we need to watch the COMEX news as far as possible.This year their inventories are well down-see articles.What the consequencies of that will be are so far unknown...GL

Great choices! G/L for 2014 in your VPF and R/L.Also to Prar' and JT.Merry Xmas to you and yours.

you are really good on technics but are you clued up equally on finances ? In the real world we face possibly $10bn QE withdrawal each 1 or 2 months.Gold did not react well so far to the first $10bn withdrawal-it lost about $30/oz on average so far.Which takes it too near the stated present KGI all in costs about $1150.They are racking up expenses as follows- 1,training new staff 2.swapping top level bozos 3.doing cut and fill as you say 4.had layoffs for new plant/training again and had to pay for these yes there will be more focus on richer seams.But I fail to see enough urgency.They need better financing-where is that ? And you say" I think we are still profitable"-where is that from ? In fact the last years' figures have been loss making.Other companies have done things quicker-POG recently got a great new deal.I see OMI sold a mine for $8m of course these haven't given great upticks but they help a lot.KGI must announce a modified plan to cope with the monthly Fed. taperings and potential gold falls we might need to stand against the next year.Could they cope with $1000 gold within 2 months ? At least they must plan for it. Of course these trends won't be one way as main shares should begin suffering too despite not in this first xlice of tapering.But that doesn;t help us directly even if it happens.Sorry not quarrelling but I don't accept your explanation as being enough of an alibi for KGI..

are the finances secure and enough do you think ? I'm not leaving here but am a bit put out.

I know they hope to bring in new production and plant and train more staff,but there are all the signs of slow reaction times to this fall in gold prices.With costs of about $1150 there is now not enough profit margin and losses are being made though yet fairly small.Some kind of re financing plus far more cost cutting is needed.Are you calm or do you share these concerns ?

Great for a £7.82m Mcap company to be getting an $8m cash pile.Wonderful timing.

a week or so ago I got in a new time here again with a buy at 10.82p which doesn't look too bad at the moment.I thought the risk of going down a pence or two was overbalanced by the hope of getting up more than that.GL