Member Info for mogo

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The Chinese time scales might not suit the impatient but no matter what happens re IMIC/POSCO this summer,we are going to be part of the Chinese-W.African "Big Tent" CWABT sometime this century ! Development not just iron ore plus rail links across most of the region.Roll on the CWABT !

Yes agree lunatic valuation.Beating the Jan. 2009 1p then no Dutwa at all,just projects fated to be unloaded for little present income/cash.Bargain or let-down-you decide.Yes our perception of shares is different from -say bananas- which attract more interest at lower prices.Cheap shares get regarded as rubbish.Again only the II's can decide where this is going-any of them might T/O this for a pittance if they wanted to. Or provide life support. Or not,though why did they come in then ? .So that is it -DOST,the II will decide where this is going.

exactly what I was saying elsewhere to explain why I was not rushing back to shares I got out of.If there were AIM miners' SP rises anywhere we could get in after obvious momentum moves are shown using cash we have got.I think many on these boards are worried they might miss something if they aren't deep into AIM.What has AIM done for 2 years to deserve that respect ? Agree a prudent approach can always get in later more prudently.I won't be opening new positions this summer,get into cash in anything possible and wait events in the stock market.Which could be very bad.

Right does that make the all-IMIC 140p the best deal ? Yes it might still fall post deal but longer term you're getting a big slice of shares and a capital gain to record.

moving a bit now after I moaned lol

true I see that but BZM have offtake agreements etc. with the Chinese.Again they might end up maybe on a different rail route but still a part of the whole W.African big tent over many countries which is coming slowly with no hurry by the patient Chinese.BZM will likely be taken over as another cog of that ? Again make a theory test it against reality it fits so far.Nice cheap BZM there.

yes do hold here,been in/out of this three times so far,twice with profits lol.

Now below 4p! Though again the Chinese will have their own agendas there,a T/O maybe ?

with the stock markets so high and coming into May you might require to pre-write off all cash in AIM miners,though obviously a few better bets like in my opinion AFF might be hazarded.That's as far as you can say on past evidence.

I adopted a stratagem to buy some BA. just after the dividend date.I hoped for a gradual rise back in BA. after the inevitable drop -I remain slightly down here.However the SP hasn't risen in several weeks.I need up to 400p here.Even if it does get there it looks like a few months rather than the few weeks I thought.Arrgh!

-you are still on my filter list from elsewhere and with good reason you stay there...anyway you state that "AFF has cash value of 55p now".What of it ? A note of negativity there from you ? That is 55p/share more than most AIM miners.It almost covers the present SP apart from some investor bonus value about 17p if your figures were correct due to deal interest. Many of the AIMminers as you well know,now try to "survive" on loans at 15% or SEDAs.And without solid offers of deals unlike here.The AIM miner model since 2010 is shot through with disastrous overblown delusions of grandeur based on blue sky valuations.Yes they got those valuations then but that is consigned to the past by the inability and unreadiness of banks to allow any finance at all.

If you're weak holding here you must learn to "sell on the news" for the 3rd time well two and a half really lol,of course longer term this is a Hold for more determined ones.

I was sorely misguided in the past when choosing AIM miners to invest in.We got excited by holes drilled and finding so many million or sometimes billion tons of ore-bearing rock.Years were spent using up money developing these,but never any production.II's came and went,and a few prospective buyers too.Meanwhile the SP's rose hugely.That was up till 2010.We know different now.. AFF is the exception.The size of the cash pile and having at least two potential suitors.Yes but we only need one in the end.So appreciate AFF for what you get.No false hopes but quiet confidence really.And not back to those others which ruined our dreams...

only from the charts if you believe there will be another spike you could buy at a bit lower than this -towards 7p- if it comes- and look to sell those at somewhere from 10p to 14p,but again look at onscreen prices in the next spike ready to "sell on the news" again.Don't be caught a 3rd time.You know how SP's fizzle down after a day or so from news..

when investing now in AIM miners it is required to look into all the corners to see if any problems can come up.This company might outlast nearly all other AIM miners provided frugality is used with the cash pile.In event of a deal with IMIC the timings and the port will hardly matter to those taking the money options.Others prepared to wait long term should perhaps take the shares.POSCO are there too of course and presumably nearing the end of their MOU agreement ?

though I believe the Cameroonians want this as do the Chinese and Sundance the phrase "start work but not finish it" might provide a few loopholes ?

that if true clarifies things a lot-AFF must get a deal done,though yes they have several years maybe up to 5 years "life"if I guessed how long- living off their cash pile if all else fails.Elsewhere they were talking about mining licences-see Wriglet on RRR for example though a different place,Greenland.What is the cash burn of AFF-licences,admin,payments,salaries,drillings,lab costs making that up etc ,do you know ? Though I want profits I'm prepared to be quite patient provided I feel a company has a future as this should have,I had to ditch several no-hopers not in that category.Being honest with oneself is required if you can't do that how can you trust others ?

But Edison mention a deep water port which as you say won't exist until agreed to go ahead-when ?

interim dividend payment 19 April L and G went below 3% shares limit.Also general stickiness in housebuilders this week responding to various worries etc.No probs. just patience required.