Member Info for mogo

the $ will prob. be up for a while and gold down ? KGI is a good company but the market decides the general trend.QE might end soon for example.

well

bit of a rise,off the base of about 322p from last week ?

£0.01 (1p) not 0.1p was the nominal share value

I don't understand how that share division works-does it or not allow placings below 0.1p ? If it doesn't no point doing it. The imponderables messing that up are the tax claim unknown and the ex director payment claim also unknown. A year ago the forseeable barrier to prudently avoid was the 0.1p level. A minimal -say- £4m placing and no rights issue-which wasn't fully subscribed- might have been better with shelving of the BFS at that stage until the nickel market/the recession improved. Maybe no point raking that over. Unless we were a fly on the wall of the board room we'll never know the aims and motives...

agree with that. The "new board">????.Research is fine but at a certain stage you need to trust people.See the latest RNS ???? What message is given ? I'll leave that to whoever reads it.The "cash burn" was an attempt to do the homework for any incoming dealmakers and to make Dutwa look more attractive.Again not the impression AFE itself was ever on the table for a takeover in the eyes of the BOD who saw themselves co-operating in doing mining.Nickel prices were thought to be recoverable to about $12/lb. and certain work on roads/railways, water and power lines done by the TZ Govt. or large investors. £12m spent in a year, a year of recession in mining.Now that is 7 times the MCap. ! The shareholders and II's have paid up and supported placings and a rights issue. Does the continued staying in of the main II's indicate anything ? Who knows ? Perhaps..perhaps not.???? Note I deleted several sentences where you see ????....

might have been due to the May 29th dividend

yes is that RNS the longest and worst ever here ?

didn't realise this was a club lol

is this a red hot buying chance ?

they all did lol

not a ramp as it's down a bit-I used to have SIG as my favourite share-I had it a lot of times from my records! See the effect of having precious things to sell to rich people-though Signet do sell cheaper too..gold won't go out of popularity,that's the reason I mentioned it not to ramp it.

please read Siefert and sage's posts over on POG, its.

I'm staying here at least medium term..,Canadian gold producers of a certain size should survive. There is manipulation of the gold price by the Fed, and JPM and just look at POG's charts.Anyway no one knows the future,I've a small gold stake here for better or worse.You must admit it's been a bad month for gold though ?

and there might be claims from MP and CD and a few more. None of the old board took income as we know.They have a good case as the sheer drop mostly took place after they left the BOD. They can claim not being responsible.Looking back the problems began when MP left. I think most of us went in here due to his efforts.

they can't come out and say they're going into liquidation,in fact somewhere in that RNS it says they rejected that as shareholders would likely get almost zero. They are trying to get a deal,they could just,but the risks are v. high for shareholders.A sorry situation.

See that-set aside up to an hour to read it quickly. It is the biggest report seen here for 5 years. If words meant value, where would this be ?

..so that is a way of looking at it. You might go elsewhere like to SOLG or whatever with a few hundred to recoup losses here with a bit more safety ?

the funny thing is I was reading SOLG posts here, which look like those we got in 2009-10-drillings,holes,high promise of gains.Forecasts of blue sky,but no production. Yes of course alike to the last throes of HMV, you might get huge ups and downs as this is a traders' target now.Though due to the high spreads you begin with a large loss of course..sorry can't be more comforting than that..GL.

but AFE won't return..Some of the producing AIM miners and oils will survive,and KAZ should being larger- you'd assume.Was reading in IC today they think next year when AIM becomes ISAable to form an elite AIM top 50 who might do quite well. Of course where will that leave the remaining dregs ? I'm sorry but AGQ seems a long road ahead -they need that ball mill and rid of these SEDAs,at least they do produce silver in an apparently good area for it. CNE appears well below where it normally rises-unusual. Then again when will they give up wasting money on dusters in Greenland ? BG again ?