Member Info for Moneymaker2015

Sensetalka, you’ve hit the nail on the head about long term holding.

The hardest thing to do though once you’ve made a decent margin is to hold on tight. People on EUA’s board were discussing just last night how some of them wish they’d held on longer and not taken profits. I was the same, the share price went up considerably and in the last 12 months I unloaded 1/2million shares for a little less than £20k. If I’d held a little longer it would now have been worth £90k. Same with BMN, sold up after that went from 2p to 20p, only to watch from the sidelines as it carried on passed 20p and eventually went to 40p+.

A lot of people will do it here once news comes in. If funding news drops the sp may double or even more. Once there’s a slight drop in the share price again many current holders will take their profits and new investors will step-in.

There’s nothing wrong with taking profits as ultimately that’s what we’re all here to do. I’ve however learnt my lessons the hard way and am now looking at KAT as a 5 year investment from the point of funding, be it this week or a few months away. Haneti is where the big money is for KAT. Rather than taking a few grand profit short term after Blyvoor news, I’d much rather wait until both are in full production and the share price is multiples of what it will likely be after funding news.

Bloody hell where did this increase come from!

I looked earlier today and we’d had a nice little rise up to about .23p. I hadn’t looked in again today until now and we’re sitting at .32p! Very good times. Hopefully now with those big buys behind us it’s going to keep increasing.

EUA’s been an interesting learning experience for me. Investing around £3k at 0.5p, I then sold-up shortly after the MT licence dropped and the sp started plummeting from about 1.2p. I then managed to get back-in at 0.45p but now with 1M shares. All good so far...

The last 12 months I’ve learnt a fair bit more though. Whilst I de-risked and have taken out over my 5x my initial investment already, this was done at various stages between 1-13p. As nice of a margin as that is, it’s also meant I’ve reduced my holding by half. I can’t complain because I’ve made a decent profit compared to my original investment and still have a decent size holding. However, if only I’d held for longer, that 50% would have been worth a hell of a lot more right now.

My key takeaway; whilst de-risking is wise, when you’re truly confident that the company is moving in the right direction, don’t offload too high of a stake too early. I don’t regret unloading half a million shares for between £15-20k, but I didn’t specifically need the money so in hindsight should have just left it to build-up further. You live and learn...

I think they’re slightly biased, but a positive read nonetheless...

http://www.alignresearch.co.uk/bluebird-merchant-ventures/bluebird-merchant-ventures-gets-funded-into-gold-production-buy/

They obviously see some very good potential here. It’s nice to see some big money coming this way at this level too.

SAU’s CEO even said in the interview I posted a couple of weeks ago that their JV with us wasn’t even taken into consideration within their mcap and that it’s their other projects that their shareholders are more interested in. Personally, the more I’ve read up on SAU the last few months, the more it looks as though they couldn’t afford to bring this into production without severely effecting their other exploration work for a few years.

I can’t even see how people can say we’re over priced either. I’d be surprised if anyone can point to other stocks with an mcap of circa £20m, that are commencing gold production next year on a scale that will bring about 100k oz/annum within 5 years. As a comparison; KAT are about 12 months behind us in terms of production, yet only have 50% of 35k oz/annum, and they still have an mcap of £9m.

Only people de-ramping that are looking for a low entry would say this is overvalued.

Nice little surprise this for a Monday morning.

It’s good to see the funding goes up to $20m if required. Considering we need much less than this to get things off the ground, hopefully we can use some of the excess when purchasing the 50% off SAU.

I agree ConMan. If we can somehow avoid dilution when purchasing their stake, the potential returns could be huge annually, far greater than the company would need. As you say, potentially some decent size dividends, which would ultimately sky rocket the share price as a result too.

I was concerned at first why SAU would sell-up their stake, but you only have to look at their balance sheet to realise why. They made a loss of $10m last year, $4m this year, have just had make a raise of $10m to carry on their exploration work. They desperately need cash, so hopefully we’re not looking at ridiculous figures in order to get their 50% stake.

Just seen us in the risers board. Very welcoming RNS this.

Hopefully if RL’s got the gift of the gab and we can get the Togolese Prime Minister on board, commencing production shouldn’t be too much further down the line.

I think it will be the same with EUA. Once that sale is complete I think a few will likely come here to see if CS can replicate what he has done over there.

The only reason why I bought-in here originally was because of CS and what he has done at EUA. It’s the only reason I’m in MNRG too.

I couldn’t resist another little top-up this morning. Grabbed another 200k.

Rather than putting more into KAT, my thoughts were that KIBO will likely benefit from positive news over there anyway and when news comes in on Boardersley, this will hopefully finally start moving.

It was actually a genuine question. I’m not even going to lie, I don’t know that much about this company compared to my other shares. I just threw £800 in here in April because they had some alright looking projects, but more so because I liked the name than anything else.

I was actually genuinely wondering what caused the sudden rise. It was on the 14th Sept the day of the Prelim Results, but the results don’t seem to show much we didn’t know beforehand. Obviously the placing at 0.6p the day after wouldn’t have pushed it passed 1p.

Seeing as 5eights comment on more buys than sells was the most dignified response, it seems there was no reason behind the sudden rise then.

I haven’t been keeping track of this share as I’ve only got 400k. My plan was to let it just ride out for a few years and see where it goes.

I’d noticed it in the red quite a bit recently, but never actually realised we’d had a decent rise a couple of weeks ago. Was there any particular reason for the rise? I’m presuming it was the Prelim Results judging from the date but didn’t notice anything that would result in the sp doubling?

Nice to see us finally back over 3p. It was inevitable interest was going to start picking-up prior to finance being agreed as people want to grab some last minute cheap shares.

Next week will be interesting. Hopefully the BoD have already got someone in mind for funding, and preferably on very terms for ourselves.

The resource is the reason why this stock has always baffled me. Insitu there’s billions of dollars worth in the ground, plus it is JORC compliant. It doesn’t require years of exploration, literally just funding and a mine plan put in place. Yet, the share price is still less than 1p!

As much as I don’t want the number of shares in issue doubling. The funding will be very welcome. This is an absolutely huge resource, which seems to be completely overlooked by the market. Considering we only require a capex of less that $10m, the potential returns are immense in comparison.

Considering 12 months ago we were still at 0.45p, sitting at 17p isn’t that frustrating!

As Ferg says, the fundamentals haven’t changed. The company is in the middle of an FSP and is ultimately providing very little news flow on operations, so the share price is inevitably going to fall as people sell-up looking for other companies that are providing regular updates.

It’s as simple as; if you believe in the company and it’s assets, the current share price is irrelevant. At least we’re no longer suspended and you can actually access your money if you wish.

Well this is welcoming news. I think they probably contacted the guy after the presentation that gave the update on the current situation in the Philippines.

This might be a little optimistic but hopefully in a few months time we’ll own 100% of the two mines in South Korea, preferably without any dilution and also be in a position to get Batangas back on the balance sheet and be looking for a JV partner to push things on over there.

I’ve been wondering when we’re going to get an update on the partnership. It seems to have been quite a while since we’ve heard anything. Considering it’s huge news for the company, I thought there would be more updates as to what is going on in the background.

Gurps, I’m the same. I want to have a decent top-up here but just awaiting for some others to drop news first. I can see this being valued significantly more than the current mcap in a few years time.

Pompey, I couldn’t even real half of them off the top of my head haha. I’ve had to resort to using the green pin on here, just so I remember where my money is without having to log in to my trade account every day. 20 is just the AIM, there’s others on different markets too.

Yes Dark exactly that. Mitigating risks is the main reason for the above. As much as I’d love to throw it all in EUA or somewhere else, the risk is unnecessary, just incase things don’t go to plan.

I’m not saying you’re wrong, but a 50% chance is quite a figure to throw around. I’ve never lost money on the AIM and even now currently have circa 20 AIM shares, none of which look like they’ll lose me money anytime soon.

Patience is a difficult topic. Realistically, the only way you’re going to make big money is with having patience and a lot of it at that. On the flip side, I agree, if a share price is falling, being patient could lose you money.

You hit the nail on the head in your last paragraph though. ‘hopeful of a decent outcome, but I'm by no means certain of it’. This is all you can be with any share, from the second you hit “buy”.

Like you say, never buy or sell shares because people on here say the share price is going up or down. All you can do is make your own informed decision about what a company is likely to be valued at long term, then hope everything goes to plan.