Member Info for mogo

a 260p target ?

might this be a buying chance

AFF can't go on forever saying "there can be no certainty..etc." A recurring phrase from other off putting RNS...in life "no certainty" isn't good enough.AFF must know that.Of course maybe in real life in the board room reality bites more ? Cetainly that cash pile is tthe ace card,it's the reason this is my last AIM miners until any general sectot turn around.Though with the market manipulation don't hold your breath.Of course I don't imagine this is signed and sealed.But IMIC with that cash pile can't surely outwait it-AFF can't begin any mining but they can sit doing nothing for up to 5 years if they want.

target is 2200p.

I originally had about 400p as a target as that was where it was before xd .Now that effect is removed it is general market conditions will decide.

the prudent option might be to take your AFF money when given and run.Then if IMIC or their backers make a go of it,invest there at your leisure and knowing all the facts.

I'm suspicious of anything in AIM miners these days,this is my last one left now.No more money going into the sinking fund as the whole sector is manipulated and QE and the resultant deflation of commodities aren't helping.Whether they knew that would happen or kidding us they really expected inflation we don't know.Yes all this might turn as the general market collapses but that isn't any help now apart from the really brave with money and the long view.

yes it seems a good method to check the TSX price from the night before,available before markets open here.In the past I'd be straght in here,but you have the OMI collapse there for more worries- though they've lost execs.Also the manipulation of gold and QE isn't helping any commodity shares,till at least the general market slips and the folls recognise how low these shares are.

This is a potentially v. good company right down near the base,in a country without risks except the usual green/planning lobby.Amazed to hear company shareholders also short the company.I knew many gold companies used to short or hedge physical gold as a security against their production being sold.It had been over 1100p in 2011.No idea about any debts,I must research that,I did hold this just before it slipped 2 years ago.

I was examining the 2012 quarterly accounts-summary without details-they were mining more gold at lower prices and higher costs and though gross revenue was up,debt was up sharply while cash down likewise.It appears their cash burn was high,of course they were getting in more plant and maybe more labour then ? More up to date figures would prove that yes/no.Of course most gold mines are getting higher costs due to oil and wages.While gold itself is cheaper.I still feel OMI is basically a good company,of course execs. leaving is not good.Yes agree the worrying thing was mining more gold but getting less profits from it.This might still be a bargain SP long term once these shenanigans are sorted out ? Commodity prices have been forced down as QE bites,which hits resource companies hard..

yes the language of AFF's replies not just to IMIC always seems a bit off putting.But they obviously value their company quite highly-see the brokers ests. that are far higher than any bids so far. This might be their method of playing it to encourage better terms ?

I will certainly file this "buy just after the ex div date" method of making money though obviously you get no dividends from it.

TW yes had tipped this anyway no doubt he got the short term profits...I think this is really hard and unfair heart sorry for you loudenr.This market is based only on QE and low interest rates,the effect is to cause deflation of commodity prices.The high share indexes must burst within a not long time.Then -might presently h8'ed commodity shares be rotated into ? Here maybe not advisable to invest till the finances are looked into...though it had appeared previously they weren't bad.

yes I was only passing through as I'm trying to rebuild bad things,BA. was one of my earliest shares years ago,it is difficult for weapons companies- need a few more wars lol.Yes you'll get them and this is a long term one for many.

but I'll be back

agree this has gone too far,this is a basically good company,I'd suspect shorting going on.

Still very reluctant to move.Hurry up.

Still stuck in here arrgh!

grapped a quick profit,out now.GL.

just sold,nothing against need to get in cash,