Member Info for mogo

Myst1 Tues 13.38 on the AFF thread here has important info. about market valuing of assets yes of iron ore but still relevent.See how low the market values metal in the ground.I/we must remember MP in Juiy 2009 announcing for the first time that Dutwa had then "$8bn of nickel in the ground" which caused the first spike to 12p, but not for long,as holders twigged even then that metal in the ground is not equivalent to metal mined above the ground.The costly barrier of plant etc. is the problem.You see only the large cash pile about £57m of AFF is holding them just on that value with their large iron assets valued at zilch in fact! Likewise more or less here,assets valued at near nil, though there isn't the cash pile safety net here.

a partial answer lies again by looking at MP's shares -he has 4,200,000 roughly. Worth at present only above £42,000 or so.He's never sold for years and took no income apart from some options as far as I know over those years since AFE was founded.I believe there were options at 5.5p but might be wrong on that,and these might be near expiry just guessing.Obviously like many he will be hanging on grimly but not wanting to sell pending any final deal.Otherwise it all goes for naught.Shareholders find it different.Quite rightly some will regard loyalty as self defeating in a time of share weakness.As we have seen.

sorry to sound negative,I admire the Frugality of this company for years consistently.Again a placing for £4m basic annual costs no frills might involve 400m shares @1p increasing the no. of shares to above 1.10bn. Inviting in new II's seems the best option.They might be paid with warrants exercisable once production comes.A loan isn't on the cards as production isn't imminent though it could within a year of that,though in a circle that comes back to financing plant etc.Which gets back to those new II's.Hope they are very busy seeing those ASAP to avoid said placing.

you noticed the "....." -all on that....

..some interesting research on NAMA was had...DYOR.

still running on from 32.5p virtually though the too large spread making a sell at 35p in the real world would make it a waste of time so far.The 5 and 20 DMA's are not rising much so I'd probably exit later at a small loss if I was in with real money lol.The joys of AIM!

yes that rise you forecast has come,looks like for the next few months it might be a good earner for newcomers at least on this T/O speculation.

Was another mention in a paper yesterday about CNE wanting to spend £ x millions more on Greenland oil exploration,they have the most offshore blocks there-see maps of licences issued.Their shares being about equivalent to cash and assets seem a good buy with a possible VED/CI takeover,but the risk is if it didn't happen,CNE would throw a lot more under the ice in Baffin Bay.I'd hoped that going elsewhere for about two years might have seen sense more but BG doesn't want to be beaten.

Once you were my opponent elsewhere,but your post over "there" I'd like to rec.Possibly one of your best,which gives in a nutshell the shared "experiences" we've had in AIM shares for over two years,something of a nightmare often.I doubt if we'll ever forget it,well our wallets won't at least ! Other recessions/booms will come,we need to learn from our experiences this time.GL.

BG lose his touch in exploring ? He threw away CI then failed to find oil at great expense off Greenland.Might he now want to draw a line by selling CNE and at least ending his active involvement with a fairly lucrative T/O ?

this seems one of the better gold miners-good production no country risk,yes loand and debts as ius inevitable but all covered by future mining given time.The fact is it is very low so until the likes of this recovers small hope for the other 99% of gold miners let alone the hopeful explorers without money.

there's a tremendous amount of shadow boxing going on between majors and AIM miners.In many cases obviously they are waiting to get the resources at rockbottom rates even with a bankruptcy involved if that's possible.They will be sensing desperation where the AIM miner has no source of income apart from placings or SEDAs.Only ANGM so far one of the few in this category to collapse.AFF can survive of course on the cash pile.The number of shares will stay fixed quite likely.Until/unless AIM attracts new investors this will continue.

In my opinion it is required reading over there just now.Dismissed as a panic stations site or a suicide watch place it is now offering good advice.Nadeem Walyat's articles the director of the site are the best.He also responds to any posts every day.Open and informative.And most of all none of his advice/predictions has so far been wrong since about 2008.Check back,he often refers to all of it. He says money printing is to lead to hyper inflation.Assets will be priced upwards.Bank accounts will be devalued.Not just by inflation,but maybe deliberate Cyprusesque actions in future.He says- 1. do not go over the £85k limit in any UK bank.Avoid foreign banks.He goes further-see no.2 etc. 2. get exposure to shares,property whose value will be inflated.Reduce bank accounts which might be subject to Cyprus type deliberate destruction of value in a bank lockdown as happened there,especially the over £85k parts. 3. use ISA's to shelter money,even if the interest is low now it can be transferred into higher interest accounts when the time comes but you must build up now as each year you lose your allocation if unused. 4. now he's saying invest in gold and silver. DYOR.

lacking cash I am waiting on other positions to hopefully ignite thus giving cash for these situations,I'd not though attempt to go in contrarianly but better dropping in once a trend upwards is established,it will help if several shares went up so we don't need to keep snatching at these more reluctant cases. System-still running position from 32.5p till a 20/5 sell signal comes up..

My previous two tips AVM and KGI are still at rockbottom levels,but both are quite solid gold producers..watching that too.

I am using is buy at seeing a 5 day moving average going above a 20 day moving average with the SP above both and all rising.Sell on seeing the 5 day going below the 20 day.Usually you keep about 2/3rds of any profits.

£1k of virtual money put in yesterday at the buy signal of 32.5p lol.See how this runs again.GL.

in fact the fall to about 32p-33p was significant,that was a strong support.This might at the least be one of the few oscillator shares I used to make a lot on,it might go between 32p and about 50p.Watch for that.

might be ready for another rise but I've no money left lol.GL.This is one to watch.

More reports that VED are about to try to merge CI and CNE..