Member Info for mogo

Decided just to sell this again on a share rise. My score is now 3-1 in profits/losses here on 4 deals over a year or so..Just hadn't much in here,I might be back though.These days not got much share loyalty really,sorry.I am trying to re build a shot through portfolio and beggars can't be choosers.I'll follow this story and wish all good luck to AFF holders,this is a nice board with many I respect.Especially hope Mike gets his big winnings here! GL.

it might help if the Chinese could come out from the IMIC closet lol and show more of their cards-though AFF should know privately at least ?

I'd take that offer easily but it might be rejected overall as it seems to undervalue this and we know how much AFF feel that they have far more value.

as the oracle here sorry the others you're good too lol-is there a different deal now on the table / a bit short of time to rake about thanks in advance ..GL

at below 10p this is a coiled spring no matter if someone sold..

yes there are still few real go-ers among the mining shares.Even the effect of having paid for your plant-at best for AFE either somewhere between impossible or at least five years given ideal backing and soon-leaves many companies still on the rocks. One on my radar which luckily I exited before it slumped was KGI.In Canada- no country risk but has higher costs therefore-no 3rd world low wages plus green and planning issues giving you the main risks there.It is a gold producer ramping up but with average loans secured vs. that production to stage a slow recovery among the few to have got to that stage.So we see how hard it is for nonproducers without paid for plant.An intermediate situation is AGQ a minor silver producer still with SEDAs for maybe another year to pay for their new ball mill.Their SP rose 20% yesterday but from a very depressed level.It sure helps assessing shares though when you do have production,at the very least you get finance a bit more easily..another hit similarly to AGQ has been OMI a Uruguay gold producer with 2 mines-I've held both AGQ and OMI as well as KGI but not now,however I hope to return to all 3 sometime.GL

watch those sells now!

agree-the sells are coming up now,this so far is based on "hot air",the MM's as usual scoring.of course all of that rendered rubbish by any RNS the next minute lol.Sorry but I've not got the ideas/aims of this Board sussed out,with MP it was easier to understand.I just don't see what the chat might be like between any II and a Board member these days.Would it be pleasant ? Are the II's happy though they are still there ? These II's might have to dip into their pockets big time to avoid losing it all soon.And we researched them months ago-none have really enough financial muscle to do all that much besides shoring up a bit.The Board have never had many shares,their power rests solely on their joint expertise and occupation of the boardroom obviouisly.Can an influx of more II Board members-one there from MWB already- be a partial answer together with soft internal II loans ? But a longer term answer is needed.Many of this new influx of shareholders will know little about AFE and might be along for a short fun ride so be very careful,a hard landing might ensue.

watch the sells

in my earlier post I brought up HMV. It was correctly said that HMV had a "non-market" for their product,music CD's are now almost out of date compared to downloads from the net. So there was no possibility of getting loans or finance there. AFE are different,they have a "product with a market"-nickel- but it is in the ground and inaccessible unless finance comes forward to extract it. It might be possible for fairly long term loans secured against future production to be floated ? MP always avoided loans but now they might have no choice.GL

AFE must get finance,even a "soft II loan" might do in return for a royalty on production ?

now 0.65p

can't offer AFE to buy on the net unless you go to phones maybe

the first quote obviously transposed lol.Even I know that.

it might be the old "buy on news sell on the rumour" here from many new found investors.Whatever the position,gamblers will always come into shares for a fast buck.The MM's help this with bid/ask manipulations.Fear and greed being balanced.I think most agreed this was grossly undervalued at below 4p,the price it had maintained at least 2009-11 with fewer known resources.However in all that time there was cash enough to last a while.The devastating admission of only 6 months cash here must bring news as soon as possible to the fore.Otherwise no rises could be maintained.Again very sorry to have to type that.Beware pump and dump by the MM's until news surfaces.Of course on any 20-year scale from forecasts there's going to be huge populations in Africa,I see they think Tanzania will reach 150m people by 2050 for example.Imagine the demand for resources in an undeveloped country for unbuilt cities.Careful buying of the correct mining shares with a very long term view could produce a mint one day. Who ever has Dutwa then will do very well.But will AFE be there in 2050 ? It should now be still all out for a deal ASAP..GL.

yes look also at AGQ up 20% and RRR big rises too.These seem unpredictable,in the AIM miners today as many are down as up.There aren't any bigger than these really- 1. they were very undervalued. 2. however all were seeming in hopeless cash poor positions,SEDAs,debts or placings,and lack of cash the most important common factor etc. 3. you could pick a dozen similar tomorrow and get nowhere. In absence of any hard news in any of these we must just put this down to the madness of AIM.I'm not for a second doing these down but did not HMV and Woolworths recover in bursts before going down ? ANGM did too.I'm only mentioning that as a caution not to be carried away,of course anyone here knows that of course.GL

yes great,but a long way to go and many hurdles to get over.I still do a bit of 35mm snapping,can still develop and buy films for it.Hope you are well and any business booming,of course you did well,and we can't be in everything well timed.

AFE now..

some not so nice comments at IMIC ?

just got out as I wanted to cash in several shares,anyway got a profit GL