Member Info for mogo

In a good post over on RRR you mentioned this amazing fall.Look over at say HOC for a "normally sized" gold company and you see the trend-disastrous, so not just AIM.Though yes AIM is a now a lottery.Another I actually did the right thing in for a change was SKR where there were two spikes,I managed to more or less break even on the second having got in too high on the first.I'd had a "buy on the rumour sell on the news" method,though since it's gone further-now I'm making no new investments in AIM.I used to say AIM producers were ok compared to those just drilling holes lol.Not now.As to investing if you think its at all worth the risk in a rather overblown market,careful in/outs using charts in fact semi daytrading in the FTSE350 seems safest as at least if you get stuck it's in quite stable shares but not too much capital should be tied up doing these kinds of things in my belief.On OMI this must be a careful buy but only for the committed..GL/DYOR.

I would provide a scoping study for Ntem free of charge on the back of a postcard lol. 1. 80km to port takes 2 hours at 40kmhr.Road isn't bad.See Google Maps. 2. we need ore loading/ unloading facilities at the mine provided by whoever deals with AFF,while at the port provided by the Cameroon govt. and stakeholders for next mid year as per schedule. 3. mostly surface scrape at mine to be confirmed. 4. calculate costs of plant,fuel,labour,power etc. Cost of my report =zero. I'm sure AFF can do far better.

That has been a staggering 50% drop on the apparent charting base level of about 33p.Which shows gold mining is at best a lottery if you can't go by seemingly solid chart signals.Caanaccord's estimate was of no use.Switching to news having ditched charts and brokers-is this the new normal ? Either a screaming buy- or give up ? I'd guess the screaming buy but patience might be needed..GL.

we have the Chinese Railway Group CRG or the CREC,with 31 member enterprises 16 super large construction enterprises;3 large or super large surveying/designing enterprises 3 large R and D enterprises 5 large manufacturing enterprises etc etc was the no.112th largest world multinational.etc etc.-see Wikipedia. also CREC/CRG is involved with AOIG.- see the Ian Lyall report Proactive Investors 26.4.13.

A good method for us is to suggest a theory then assemble facts to back it or not.As we are doing.

BKG has a good chart.My short term buy signal the 5 day moving average crossing the 20 day was on April 15th.Volume is better than earlier in the year.MACD rising and around the huge value of 30.Yes relative strength is below 60% now.I was in this in the early 00's and got special dividends ending up getting 1 to 1 return of cash.These kinds of things are on offer again from TP though I'm just passing through this time hopefully.

The way I see it and from bitter experience with AIM over two years,confirmed almost every day on these boards is- "buy on the rumour,sell on the news".Almost within a day in this market,any boost from good news gets dissipated down after a short while.Loyalty is out the window,when you see something nice on your screen,grab it. Yes of course good things no matter what the market says are still good things.Getting IMIC shares after any deal must be a good story long term.There though you don't know about the Chinese timescale,which I've suggested several times means nothing to them,they intend a huge iron ore complex in West Africa over up to six countries with rail links and ports.It will take maybe $trillions and many years.Meanwhile where goes your money ? I'd prefer the fast option at least I know it gives me money now to reinvest.If I wait a day though,I lose it perhaps for months.I've already made some profits here doing that kind of thing.And I will again.DYOR.

at least there's hope here-in most other AIM miners there's no hope.

if I miss it too bad..nothing lost can't be in everything..

it is obvious your entry here should be in the 7p zone ready for the next spike then get out again lol.

this is actually my 4th time in AFF ! The first two I made profits the third a loss as the IMIC announcement was made after I exited.Now I'm in the 4th time at an average of the low 70's so will make profits in any of the choices if it happens.

I think we mostly seem to agree there will be some kind of fall in IMIC just after the deal official date.It is similar to payment of dividends-these things tend to pay for themselves,the SP normally drops roughly by an amount equating to the payout from the company.IC mag. is quite sensible,the 80/20 is most prudent of the choices given,as the future IMIC price is unknown.I said earlier the Chinese had a huge master plan for the whole region in which time meant nothing so it might be years till a big lift in IMIC or any successors happened.Given that, it might be more safe minimising exposure,can always buy into IMIC later on your own timing once the dust settles.Meanwhile can use the cash elsewhere for profit.These days I'm not sticking anywhere too long,with SKR in fact having learned by being trapped getting in too high on the first spike of two,when the second one came along I got out breaking even,I could if I want get in again at a low in SKR ready for another spike-buy on rumour sell on the news..

It is worth going over to look at SKR's chart to see how we react wrongly on good news in AIM.Two big spikes which should have been grabbed for profit,instead many stuck SKR out of misplaced Loyalty anf Greed too.In AIM at present there should be no loyalty-grab what you can get and scarper with the money."Buy on rumour sell on the news".Wish I'd done that!

Arggh! That no.5 of yours hurt! Exactly what I'm doing wrong.See a profit-take it,go off and do same or better elsewhere,return once the dust settles might be the Prudent measure ?

moving up nicely,hopefully might reach 2200p soon..GL.Doesn't seem very noisy this board lol.

just had time to read Ups1de's post there,was in fact exactly what I said lol!

Why- given the revealed backers for IMIC are we not thinking of the 140p all-IMIC shares choice,but still the 80p cash plus 20p IMIC then get out quick seems more popular with posters-and IC mag. too ? Yes IMIC might slump a while but longer term as part of the big Chinese combine might go from strength to strength ?

looked at the charts last night, BA. is already beginning to move upwards,the MACD and relative strength look good,the moving averages too.Hopefully yes up towards 400p fairly soon.Can't forecast above that,yet. GL.

RPC

the key players are Cameroon,they don't want to be a typical 3rd world place,better having rail,industry,ports,prosperity.