Member Info for mogo

I've put a limit to sell at 40p.Quite big break to get there -I'd get some profit anyway.GL.

I might get out at the least excuse as I am negative on the peaking stock markets,yes might miss a lot here but been there so often! Charts-shot past the 50 and 200 day moving averages before the 50 had a chance to overhaul the 200,unusual..no sign of my own sell signal coming when the 5 goes below the 20 day average but no rule I need to wait in fact often you just lose some profits waiting for it...volumes are about twice normal..MACD looks great..relative strength 85% overbought,a pullback/topping out might happen within 2 days unless news comes to stop it.I see no general move in gold shares,the HUI has flatlined in March.Laugh at me if I sell and it goes on up lol!Anyway I have limited capital which needs cared for so that is it.Can always get in at a later date.Right I was thinking aloud I will just place a limit order to sell somewhere for tomorrow not decided yet where,..GL.

I'd still bet that given the Chinese are "doing the port" they might wish to control "The Whole Shebang".Incidentally that is the title of the best book I've read on life the universe and all of that.".

seems to be the deadline for banks' approval and transfer of documents needed.Sundance suspended since a few daysare ,in talks with parties including Glencore for a stake in the iron project.NY Times article this week.

Few others here obviously-anyway charts-I'm running a method I used to use which gives a fair bit of any available A buy signal= buy on seeing SP above 5 day moving average above 20 day ma with all of these rising*.Was given on 11th March.Sell signal= when the 5 dma recrosses the 20 dma line is not seen as near yet.Earlier signals. On the signal of 7th Jan. a rise from 35p to 38.5p happened while the one on 25th Feb was a false alarm though in the latter the angles of the dma's were too flat* for a decision.Yes obviously this method like any falls down sometimes.At least now stamp duty will be stopped for AIM after 5th April presumably- margins on tight buy/sell deals will be better.

Yes we can't exclude that the II's given they are still in and bought originally much higher,are welcoming this as a chance to average down their quite large stakes.Which in turn means they could do deals far lower... Anyway I used to say "AFE is a news-driven share" and it was true,MP was in fact able almost at will to propel this upwards at the cost of announcing some drilling of holes and amazingly it was done on one placing a year of £4m a time.I used to marvel at the frugality of it all.These days it's just no news for months.And in a bad mining market can you wonder the SP is falling ? And it is harder to release news when you can't afford to drill holes as any placing at these levels must involve millions of cheap -say 1p -shares.Was that a rise there ?

Completion of Kribi new port in 2014 will upvalue Ntem.Nice to have someone else spending money to help us.Yes I know you thought initially you were in a short time,but that's the wonder of AIM,in for a few minutes,in for a while sometimes, lol.Though I'd hope news from the "other end" of Cameroon helps things a whole lot quicker than that.So the infrastructure timing is- 1. Kribi new port about a year 2. new railway up to 2 years (?).

as it says on the tin..

yes AFE was 1p only in Jan. 2009 but reached 11p in that July after Dutwa was recognised,though it lasted a day when RAB Capital completed their gradual pull out from once 29% here. Only a deal or final agreement or whatever can pull this up finally,though when,how is the question.

Cash is still King at the peak of the share market,in fact dropping now.Yes Buffett-"buy when others are panicking etc.".It worked for him,he was the winner so he gets to write the history books on that.Thus you aren't right till you succeed...till then it is in doubt. My first target is survival not profits anywhere so I won't average down this.

Yes on that AFF similarly played a "pressure card" though POSCO aren't jokers lol.

working back,by 2014 there WILL be an iron ore port from plans.Cameroon HAS to utilise that,they MUST therefore have a railway,that was effectively decided when the first spade was dug at the port in 2010! Now any railway MUST go within a short road distance of AFF's interests-both areas. The only questions are timings,who are the players.Yes pessimists might imagine a rail-less port...I doubt that will happen.

"I could come out at any time"-does that mean you would sell on the next (hopeful) good news ?

Good to hear your word "now"..I didn't know that, always glad to hear good things.Checking I see "the construction started in Dec. 2010".Target date 2014.Great.

http://en.wikipedia.org/wiki/Kribi it seems the present Kribi port hasn't got deep water for Capesize iron ore carriers though of course minor export will be possible given some preparations.There won't though be heavy iron ore handling gear etc. Money-a lot-is needed for the projected iron ore handling port terminal in the area,which would help make Ntem more feasible.Yes of course it is good Ntem is near the coast.

yes good that at the least there are plenty players in the mix-POSCO,Sundance,Chinese of more than one company,etc. However again transport needs a better port,not the present Kribi.

gathering snippets from others' research I see Sundance shares had been down,before that suspension so the market had not expected a Chinese deal,it might even be linked with our falls here ? Leaks from the negotiations maybe .Yes a railway might be held up if no Chinese there.Glencore not famous for moving fast-see their lagging with their partners XTA... This is all very complex,our no.3 fallback choice using our cash pile to outsurvive most other AIM miners is still there.My research yesterday indicated the port of Kribi is not up to purpose for iron export being a small wood-exporting port.AFF can manage road transport -this is the lowest case scanario quite easily as roads exist quite well but a new port at Kribi South is needed.Someone to finance it too. Hopefully deals will come and there's POSCO too.

AFF have THREE choices depending on decisions- 1. will the Sundance and railway option happen and a Chinese deal ? later this month or later again otherwise. if not-then 2.Will POSCO do a deal ? -about April/May if not- then 3. AFF going it alone but with £50m cash pile to seek other partners. Transport alternatives for -I researched carefully roads months ago,these are adequate for ore carriers though floods happen in the rainy season.Short tracks are needed from the two iron ore areas for AFF. Ports are undeveloped-in the south west adjacent to the nearest AFF prospect to the coast Kribi has an oil pipeline from Chad,but is used chiefly for wood and Kribi South is the proposed development for iron ore export.

its just hanging fire

Drastic solutions might come one day- 1. sell all of Dutwa-no royalties,develop Zanzui with the money.Close enough-about 50kms ? to share the extraction plant the incoming company probably Chinese would build,plus a rail spur off a new E.African railway,or use road transport.Power line extensions needed.The poor electricity grid of TZ will soon be helped by the large gas/oil strikes off/on the coast .I'm in AEX by the way. 2. Or-they wanted to JV Dutwa and leave Zanzui till much later. Either way dilution in return for cash/equity,hopefully balanced out. I hope hairy they were too busy negotiating a deal to answer your e mail but they should still have.We have the right to know what's going on these days,the market assumes it's nothing and drops the SP.