Member Info for mogo

that's a nice rise over at ABG still. .Generally happy with my shares even at losses,getting cheered up by seeing that most gold/silver shares I look at appear to be at least building good bases the last month or so.

the 3-month chartds for some gold/silver shares-MML,KGI,FRES,AVM,POG and MIRL and the gold index the HUI all show the same-a peak about 26th August then a so far 6-week levelling process which might be forming a base begins.This suggests most of the producers are similar.The only exception I can find is ABG which has managed a good rise,it might be due to some T/O ideas ? Meanwhile a few articles on Market Oracle are suggesting tops are forming for general shares,though the DOW in fact got another record yesterday.This cannot go on forever.Shares are getting dearer and risks higher therefore with further to fall.I think this might break before 2014 is through anyway but the Fed. will try every trick in the book to stop it.So it might be put off a while yet GL

sorry for typos. Longer term are the exploration licence costs for Dutwa/Zanzui paid to the TZ Govt. but that won't matter for a 2 to 3 month period obviously.There will be a stipulation in the licence to do a certain level of work in a certain time, to avoid losing it.Which is the awkward thing.And where do Safina the JV company holding some of Dutwa still (?) come into this ?

AFE once had an office in Mozambique-shut down,a bigger one at Mwanza in Tanzania,plus of course the London office.They ran the site at Dutwa and Zanzui though I think from pictures only temporary structures were there.Most of that presumably gone or put in mothballs.Without any live projects they might almost be able to continue as a box number,doing meetings in hired premises or even at directors' houses.The registered address could be the box number ? So yes costs will be very low.For many years directors took no salaries,but never sold shares,I think that continues.The options they had are well oyut of reach now due to the drops in SP so might wxpire soon,or even be given up ? I'd say the lifetime of AFE should therefore be quite good even for only £300,000.Though some of that will be used up by overheads etc like we all have.

since presumably the market wants me to sell at now an ask of 6.75p,if I suddenly read LRL are giving up 5 minutes after I sell,I'm losing 9p of value am I not,because of the LRL cash pile.It therefore is necessary for me to hold out here at least until the market offers me a bid of 9p.

Equally a reaction here might be to write off all money put into these shares.For myself I've got a reasonable amount in here.However that should be the case in absense of any hard information.So any gains here are a bonus.

-pay your electricity bill-The prizes this year tongue in cheek- might be-1st-in a posh mansion near Buck House; 2nd in a small apartment penthouse in Chelsea;3rd in a rather depressing one room attic in downtown 'Ackney; 4th-Sleeping rough under a bridge on the Embankment (though Prince William once sent that more upmarket by using the facilities one night). Only joking.

Thanks again for your effort here.I will too have 6 runners soon,I think it is end of month when AFF de-lists at 80p a share ? My LRL in the VPF and in R/L where I'm in quite heavily is worrying a bit.But will stick there.I'm good at picking "winners" like RRR,ATC and AGQ you know ! Heaven knows how someone like me should be out in the lead here ? Overall not that bad though in R/L or at least no worse than most will be.If you can paty your electricity bill that's the trick lol. The v. high stock markets must slip in 2014,surely,so picking "winners" for then must be difficult.Like a year ago when holding 50% was very good ! SDY for exampe relies on little vans buzzing about which won't happen if the market goes flat.Watch the HAS of Prar' there, as that's another one.Hiring office staff only good in a rising market ! BP and CNE ? -well CNE has certainly managed another mostly boring year being stuck in the 260p-285p range-but is it now rising at last ? GL

it is really the very high spread which is knocking this,..of course the team is far far stronger now..by when do you think a lack of money will force the issue ? GL

soon ?

might still in 2014 make decisions to affect the world markets,but the US is losing slowly their control. See that the Chinese have bought the largest gold vault in the world from JPM,which is at no.1 Chase Manhattan New York! See also the low levels of gold held at COMEX the main gold clearing market for futures etc.Rumours most has gone via Switz. to Hong Kong then China.And China is shooting up the charts as a large gold producer while the US is falling down those.Of course India has limited gold imports hugely by taxing it-we aren't doing too badly absorbing that big fall now.Which shows somewhere else is acting the opposite-China.Many more deals are being done not in dollars too between different countries especially the BRICS.

you will have seen what a bear-pit RRR board is,the word Reaiism there is the buzz word lol.But enjoyable.

Lol ,about the woman. Anyway see Newmont's results for Q3,down to $993/oz "all- in costs", Among the worst they had $1500/oz+ gold costs with a loss and writedowns in Q2.I see most Q3 reports being in that ballpark as they said they would cut costs.Sorry balls again.KGI should be much better too-you will know... We also have our www.usdebtclock.org , our Jan. to Feb fiscal cliff coming up- plus hope they have tapering which might tip over the toppy general record stock markets-again my research says ending QE was v. good for gold in mid 2011 see the charts.GL

on RRR see "After the Crash-2" my research there.

yes of course a horse you back can win lol.

old friends-yes I made equivalent big losses but managed to pull back to where I was a couple of years ago by investments elsewhere.Which isn't getting me out of the wood,as I have further quite large losses going back before that,even to 2008 lol.Anyone for RBS ? There will be probs. there if even £1 gets successfully claimed back by multiple class actions ongoing-allegedly of course.Imagine potentially how much...could it be afforded-no doubt they'd print more money ! So I keep my records there just in case...Dutwa might be pie in the sky or a moneyspinner but AFE remains now little more than like backing a horse. In the medium term I regard a crash in large shares as inevitable from peaks now. A lot of shenanigans to come lol. GL

will be one place invested in with this money-a huge deep gold mine which once had a mill. www.klgold.com/macassa.php

A bit more sleeptyping lol.Some great contributions from both itsaduster and langyy there.Analysts- I read Market Oracle, a few rubbishy articles creep in, though overall it is worth reading.There are plenty of indicators,if you take the opposite you can't go far wrong.I read a book called All About Market Indicators in that respect.I've pointed out the COT Gold site too.Wait till this evening's report-each Friday- its been in a bind for about 2 weeks caused the recent shutdowns.Always back the professional commercials there, not the large investors.I'll hope to see that later.Our worst enemies are still those Fed people who always make speeches about tapering after any meetings.So despite their policy not changing for months it hasn't helped gold much.Tapering will in the end greatly benefit gold,as I've said it will blow the housing/mortgage/toxic subprime etc..People with too-large 25-year mortgages and poor paying jobs.As long as the US remains split in politics between opposing camps in Congress there will be re-runs of more fiscal cliffs,the next one begins in only about 10 weeks! They'll keep going back to the edge.I can't see a default,they just want to force concessions by doing that.So what will help gold ? We have- 1. cuts in supply if gold goes too low..Say towards $1100/oz.-$1200/0z. All in costs have risen due to oil and other costs generally. 2. the fear factor every so often with huge debts www.usdebtclock.org and fiscal cliffs. 3. when tapering comes,interest rate rises then sub prime blows up as in 2008. 4. any large crisis.Could be anything.Allow your imagination free rein.Maybe best not to, lol. 5. the most likely will be when the general stock market must tip over after nearly 7 years of rising.2000>>2007>>2014 ???.I do agree long term progress goes on.Though a 12-15 year chart shows 3 big rises/falls its really been one big rise with pauses, overall.We profit from jiggling our shares between these ups/downs hopefully.All a fool needs to do is invest in a tracker just when any of the periodic 50% drops happen every 7 years or so, in the stock markets though we as maybe more experienced investors might hope for more than that.Of course we make mistakes often but the trick is surviving in this game.GL

only a week or so ago I watched the debt rise over £17 trillion,by now another £75bn has been added to that

when did the herd ever win-but they are backing the main market bubble now..