Member Info for mogo

doesnt mean a deal necessarily-a closed period even if talks about to break down..

it isn't just an exchange of a brown envelope up an alley,some high powered execs. in on this lol seems serious then..

See Sandstone's posts on AGQ-that is by no means written off!

there are several in the mid-250's range

Today the VPF is still lower than last week,mainly RRR and AFF the cause.RRR has put off the first project sale till at least February -it might not happen who knows ? AFF say there's hope of "talking about bids" but meanwhile the SP isn't so good.I think I will be Last or nearly so..

They'll be gold dentures ?

the source of the "rumour" will remain unknown,though the people that published it are responsible for some losing money-those who bought between about 84p and 100p,then had to sell fast.I was lucky,I had bought earlier at lower than that.Yes whatever the source,some must have been making money yesterday shorting.Did the source of the rumour check carefully before publishing ?

rebought

That rumour yesterday didn't hurt me much as I sold at a profit then renought.But it might be questionable if someone wasn't doing a shorting scam ?

At least after over a year I had checked my "sell" control was still not rusted away lol.Got back into AFF after taking a small profit on news that all deals-at least three, could be still on.This has to come off for my VPF as I rejected AQP for this and of course it rocketed.All of this at risk of looking even stupider...

Back in after taking a bit of profit yesterday lol.In for a penny in for a pound.

still in RNS..

this another social centre ?

There's three choices- 1. a bid succeeds 2. AFF go it alone 3. AFF with a JV/partnership Now in the original RNS AFF somewhat dampened demand early Monday by saying nothing was decided and no guarantee a deal would be struck etc.The shares began dropping,even before todays announcement,so AFF began the process themselves.I guess they'd prefer option 3 above if they got the chance.Option 2 might be hard and would rely on others.The railway certainly isn't signed away though 2 Chinese companies are in the ring.Road transport is harder too-remember 1 train is replaced by many ore trucks over not great roads.I still like this share,but was keener on the cash in a dropping share situation really.If I'd had a much larger slice here a lot more would have hinged on a T/O but in my case only a few £hundreds not worth risking it all for that.Some good posts though here.GL all!

I might be made to look stupid if a successful bid comes up but I've got my cash at least to use for any purpose,as cash is king lol.

Yes the way you put it mike it sounds very sensible thinking.A major walks away for fear of stashing $2m on a railway at a cost of £150m to buy this.they obviously want exclusive ownership of the railway though others need the route too,some further into the bush..a cheaper road-only option is of course possible for AFF but from industry info. from S.Africa they are running 13,000t of ore trains there at 100 wagons each, so to replace that even with giant ore trucks shuttling is a big ask,you then need road upgrades though there is an existing road. The port on the coast isn't up to the mark yet either.Two Chinese companies want to develop both the railway and the port but nothing is signed,and the Cameroon govt.'s help is needed too.All of this put off the Indian major-do IMIC a small £17m company have the answer ?,..yes there's a cash pile coming with AFF but that's needed for the mine even though that might not be fully enough.I still like AFF a lot -my posts were not pie in the sky though you never said that of course..Comparing with Bellzone which I am not near buying by any means,I feel more ticks are in the boxes there,they do have a Chinese company signed up for port and new railway though longer term perhaps.I've no idea how the ore qualities compare etc.Yes your remarks on AIM- I'm exposed there- might in fact need if I do reinvest to look at FTSE350 or whatever,in these days of tight finance at least they have money backing hopefully.

Yes I'd made a lot of positive posts,though my small slice in AFF was a factor,needed a quite big movement in AFF to generate anything much. I made my first sell in any share for over a year-why ? I am well down elsewhere and just needed a sell to generate a little cash and at least it's rescued itself from the 50's a few months ago..It has been that bad this was my first positive share in a year.Possibly failing to average down was a factor but when you're short of cash that's not an option.I want to hold several other positions longer term so keeping solvent overall is required.Yes I might go into some other share with a view to making profits for example I like Bellzone.Otherwise staying with the cash as a float or coming back in here but I doubt if it will fall enough for that,GL.

My VPF has had a not too goodweek, so far -right back below 100% again.I sold AFF today for a small profit after a major Indian steel company said a $2m railway was required,yes still it is in the VPF of course,and other bidders might soon make my action look mad.However -"it's never wrong to take a profit".This was my first sell for well over a year,I'm running my new policy where if I like the gross amount of cash on screen I take it.No longer waiting for blue sky..of course I'll go on holding several larger slices elsewhere till they too, look better.It's actually a nice change to have a bit of cash as you said last year rather have a hol. or whatever than hazard it in more shares for now at least lol.

I just sold there for a small profit.Yes of course as I said earlier this can get soon a better bid.I had only a small slice here anyway and could return later.GL.

This $2bn railway quote might put off some bidders now..however the railway was only ever going to be shared by several iron ore developers in southern Cameroon.Surely these others must have plans for more or less the same route ? AFF can still go ahead quite well in setting up a mine maybe with the help of a partnership or JV for that.Road transport can be a feasible option until other iron ore companies and the Cameroon govt. get things organised for the railway.Yes the SP might not be as high for a while but that is the real world rather than blue sky.See again how the BZM SP went..maybe time for two steps back before going forward ?