Member Info for mogo

Yes Ren,I had been thinking about they might sell gold/copper interests,these are too long till production- royalties too in that category..Should rake up some of the £m's required for more immediate nickel matters,might sell to the majority JV owners in each case.Getting away from a spreading-butter-too-thin model really lol.There's danger of getting diluted if there was that sizeable placing,sizeable as regards potential dilution at least,I hope given they have a few £m still they might avoid that due to the SP being too low.The placing in 2009 at 3.5p was of course highly successful -timing good and SP propelled upwards,this time it is just getting past another year towards better things I'd say.

The way things are I can imagine a placing soon just to cover the years'expenses without progressing at the moment any BFS,maybe for £4m ? Which has been the past annual average.However if you wanted to raise £4,000,000 at say 1p you need a huge dilution of 400 million shares! Hope my maths is ok. I hope I'm wrong,either a rise in SP or a smaller placing maybe ? Without drilling or much happening this year, you might get a pared down placing of £2m, 200 million shares ? These being quite big dilutions though the total shares now, 694m isn't too excessive the larger one puts you over 1000m shares.Certainly please no RI again..the shares might just get sold off too quickly by PI's, or it isn't fully taken up just like before.I'm sure the II's would like a chance to get cheap 1p(my suggestion only) shares.

Thanks for your help here JT and thanks to the others giving us a competition. Though there's almost zero dividends for me at least lol. Anyone can still win.In fact we may all end below 100% as a bear market later this year is getting forecast by some "experts" ? Jib is away on hols-our SKR is more stable though still down..I believe in it. Of course I did too in AGQ-all not lost there- though might it need time to recover ? The one I don't at all believe in now, is RRR...least said..

JT now AGQ have a chance of a ball mill but I think more SEDAs coming to pay for it...

There have been a few opportunities to make money elsewhere on AIM this year,but it has consisted of fleeting bursts upwards than as people snatch desperately at it,they go right back down again.With some exceptions,you might know of some.This shows we aren't missing any real AIM push up as yet.Chasing the rainbow really or sitting in shares is your choice.It's highly difficult.Whenever how long it takes,enough other shares do well,you'll get plenty of cash-richer people casting about for undervalued shares to put newfound cash into.At present the cash is coming from reserves not these types of gains,as there's hardly any- as above.So volume is low.I can't give any timescale,like the AFE directors it has been a case of going on for years without taking income,but sticking in there.When it eventually comes it will be obvious,you won't need to snatch at shares as you do now,monentum builds and newcomers move in and out.A new AFE investor might come in at 2p and out at 10p for example after making money somewhere else.Then off again.That's how a fairer market than the present vicious one in AIM might emerge someday.I'm highly interested in watching the peaks on the FTSE/DJ and SP500.Where do they go,and what then for AIM ? At least (though Buffet never liked miners) we have his methods to copy.

That last comment of mine of course turned out to be rubbish! Mining remains a letdown overall.The stock market today seems to be levelling out,who knows ?

Whatever the transportation costs for Sundance etc. will be,we know AFF's costs will be halved as AFF's furthest iron ore is half as far from the Cameroon ports.Yes of course there might be a load factor if Sundance etc's ore bulks are greater,but nothing changes distance.It is a factor interested parties cannot ignore.

charts-MACD has turned upwards just clearing 0 now..has got above the 50 day moving average after bad few months since the fall from 50p last year.Could be worse.Relative strength 70% and volumes better.

you'll be pleased to see this finally going up two days aftyer two months falling- though nothing in AIM can ever be assumed lol.We now have a resistance level of around 65p to hopefully stay above until further actions/reactions happen.

Got in the other day here.The minelife appears to be up to 4 years,they have £60m of plant value and are trying to extend minelife with the first deep goldmine in Uruguay with good grades coming up.Some targets are upcoming in Chile.Yes they aim to keep cash amounts fairly low through investment in the mines and good dividends,while trying to lower costs.These costs a bit high maybe the weak point as with the short minelife.Overall while recognising these I decided to, invest as it seems a well run company,the SP being quite low should hopefully grow a bit.I'm new here maybe reading others' posts who've been much longer will help my present semi ignorance lol.

from the FSA-block listing is a facility which allows an issuer to admit to listing un-allotted securities

lol

with RRR sold there at a big loss but it's far lower now, and those rampers are too much- placings every 25 days now.And the Greenland elections won by an anti- immigrant workers and hike mining taxes party,just imagining the "major" rechecking the small print on a "deal" so as to back out from that..plus Ascot suspended and the Kenya elections...with AFE you at least have moderate sensible bosses who practise frugality and get on with the TZ authorities.YAG were "with" ANGM,who's next ?

Re your post. Snap there, argghhh! But being wise after the event is no use.Go back to the famous/infamous greatest ever pump and dump which was years before I invested-Poseidon the Australian nickel miner which rose from zero to $A280 then back to zero.So calculate your lost profits if you'd invested from bottom to top say $A1000 equivalent,you effectively "lost" that since you never invested in it.Now however imagine you invested the equivalent of selling your house at the top-as some did- and imagine what then.So hindsight is no use at all,AFE MIGHT have gone on from 17p upwards,we just didn't know.

if you're pleased we all are happy here..

again Riddler,always happy when you're in a share!

poor soils,place where a lot of rail etc. infrastructure is going plus connections west to Russia/Europe.Millions of immigrants going to go there from eastern Chinese seaboard,SKR just over border with fertisers to help feed these people.

early yet but we MAY be getting support by being right back above the 60p band for "without bids" from last December,so further falls would have been unrealistic by the market.The POSCO MOU needs factored in plus IMIC's and maybe others' interests in AFF.It should be seen that the company at these levels including the £50m cash pile was getting hardly any value from the iron ore deposits which after all can still be carted out by road if all else fails on getting a railway.However the railway is still on at this stage.

A few of the alleged better FTSE250 miners today are up around 9% from their lows..why ? -could that be the chink of light leading to the crack which leads to the opening which leads after 100 miles to the end of this tunnel we are in since 2010 ? Will be researching to see.Certainly the FTSE100 is too high to invest safely in now,are miners the obvious ones still down on luck ? After all this, I'm 100-1 sure this is wrong but perhaps ? GL Of course no-hopers like RRR,ATC,AGQ,BEM etc. should continue as the dregs.

there isn't any mystery here.All going as expected really.