Member Info for MrMagic

all these sells since end Feb? Are you guys dumping all your holdings to put your money into ORE instead? :)

A 10% spread doesn't help imo

One does ones best. So slowly I start to understand how this all works. Obviously it's one big game but there's a serious deficit of morality involved in it. Makes sense to me now why you boys like RIIG. I assume that between the 4-5 of you, you hold a large % of the available shares yes? ya sneaky little PIs you! Nice going tho. If you're gonna play the system then I guess you have to play the way the system runs. :)

Your advice please. If you had say 50K to invest in stocks, over how many separate companies would you concentrate thoe funds? Presumably there's a point where you get spread too thin and a point where you have too many eggs in one basket. So what's the middle ground?

Thanks m8. QFI looks to have already set sail 5p-12p since Feb!

Do u have a few secs to tell me about ECR, I see ur over there sometimes. Lots of banter, but lot of talk of an AGM and getting the BODs changed. What gives? is ECR worth a punt? Where is it likely to go?

Whilst I have already prepared for the point when stores start to run dry, I hope to have chance to make something on a few shares before the SHTF. There are some things I want to buy to complete preps.

Sorry to be doom and gloom matey, but I look around at the world we're in at the moment and it's basically a bag of complete horse sh it. The world as we know it is going to change very much in the near future.

It's not just Greece, it's all of Europe. While the Greeks take to the streets due to the ****ty lives they all have to look forward to now, Italy is very close behind It's debt situation is just as bad and the Italian Gov't as a result have taken drastic measures already. These are some: 1- Any cash transaction of over €1,000 is banned. This level is set to gradually decrease to €300 over time. Effectively this is a ban on using cash (at the moment in amounts over €1,000). 2- All Italian credit card companies and banks are required to report every transaction of Italian citizens, even if they are abroad, to the government fiscal authorities. The Italian government wants to know exactly where all the money is. 3- No cash is allowed to leave Italy borders over €10,000. The Italian government has set up currency sniffing dogs at their border crossings to enforce this. 4- License plates of every vehicle leaving the country is documented and reported to the Italian government. Cameras are set up to record this information. This is to aid enforcement of the above regulations. 5- The amount of money bank customers can withdraw is limited. You ain't allowed to go clean out your bank account. If you think this can't happen in the US or UK think again. At present they are keeping the wolf from the door by printing more and more money. But that money comes from the Fed Reserve who charge interest for doing it. That creates even more debt. Eventually the piper MUST be paid. The dollar is dying as is the US. Millions are already starving and on food rationing programmes. Millions. The dollar will cease to be the core currency of the world. A collapse is inevitable. Civil wars WILL break out when the citizens realise they are dying as is happening in Greece already. Stock up now while you can IMO. Meanwhile, for the UK, Shale Gas will greatly ease the situation. It will enable them to break reliance on expensive Russian and Middle East energy resources and it will help Europe too. Hence Shale will be HUGE and hence EOG will be HUGELY successful.

Yes you're right. I'm seeing drops of 5%-10% on a number of other shares due to the wider economic uncertainties (aka Greece !). So RIIG staying even is very good. As stated in an earlier post, there have been quite a few sells here too yet the SP has stood up so I agree it should move North on some good news. That would seem to be end of year reports at this stage since RIIG have declined to do an interim trading update. So that'll be a whole lot of good news in one go which could have a significant effect.

Where are you all? Have you all migrated to ORE for the time being? What's our take on the trades for the past week here? I'm curious about the sells, there's been no news that would result in sells so is something happening? More importantly is the fact that the SP has held rock solidly despite those sells. That's a great sign. When the next results come out I guess we'll see a significant rise yes?

Paged back, Thanks for that. Hmmmm not sure what that response means though. Wondering if JF is hoping for more good news to pile into the next RNS and is hanging back before he has it. Like maybe a new contract or something. As I indicate weeks ago, the end of year stuff is really important for RIIG this year, so I'd be happy for him to hold back everything for that and make it a whopper rather than waste good tidbits in more frequent RNSs. I'm sure he knows what he's doing. And that's good news for me because it probably gives me some time to acquire more funding to have a punt here :) So we need that SP back down at 0.40p !!! Come on people you can see this is a total loser, sell out while you can, its terrible ! lol

The RRR issues are fine don't worry. Support is Red Rock solid at 2.7p so its great to get all these issues done at this point. I wish I had more to invest to build up a stake like yours. At present my EOG shares are working better for me than RRR, I'm up some 28% since start of Jan and it can only get better and better. Slightly worried we didn't see the trading update for RIIG yesterday/today, I was interested to see what that said nad what the SP would do. Maybe tomorrow?

Did u guys miss my post back there?

So I see the support at 0.50 held out as it always does :) Is your pending trading update today or tomorrow do u think? Langyy ur right about the rock bb, it just goes on and on. Since you guys are in ORE and presumably some other minign shares give me your opinion on this please. If the company states it's mine is in the "Exploration" phase we understand that as being a search for good materials. If the company states it's mine is in the "Exploitation" phase, what do you interpret from that term?

Yep you're right. MMs continue to dominate/monopolise the proceedings on all sorts of shares. A 20% spread here is very unattractive to buyers so I guess they're looking for someone to sell, or, as you say they have wind of some news coming and are exacting a premium for any late comers who want to share the profits. I think it's a new form of Global taxation. The Spread Tax.

Only 2 trades but that still represents interest, though in total it's just £600s worth, small fry I guess.But yes, once again a few trades = SP movement here due to the relatively tight number of shares in issue. Really interesting to watch that. HH tried telling me this 2 weeks back but I couldn't decide if it was good or bad. Actually I still can't decide lol. You've got swift jumps with trades as it is, but low trade volume/fluidity. If there were more shares maybe there'd be thousands more investors all pinging away all the time making it a very fluid share but with a more gradual up/down swing. I can see why you might favour the former :) I think I "get" what you chums achieved here now. Langyy old bean. RRR is a total mystery to me. I don't know if it's just funding / debt issues or whether there really is a MASSIVE masterplan in operation involving all kinds of wheeler deals. For sure RRR has set itself up for all sorts of possible deals. It can merge with RGM, it can take over RSL near enough, it can sell all it's profits in Mt IDa shares and JMS shares (work millions) and put all that into say Greenland exploration and production (would be massive), there are just so many possibilities, but so little news of which of these is actually happening. Frustrating game of "wait and see" ! EOG - Difficult to guess the sequence of events. Bear in mind UK pulled out of Eurozone so it's not greatly in favour at this point with Europe who are now in crisis big time (I mean on the verge of civil wars etc). UK could first establish it's own supply lines and thus greatly reduce the cost of gas to UK citizens (if they chose to), that would be a vote winner for any coming election provided they get all the PR spot on. It would also create 100s of 1000s of jobs at a time when there are record numbers of unemployed (3m+), another big vote winner. Personally I think the current lull is all about the gov't lining this stuff up as it's paramount to them. Alternatively, Cameron COULD use Shale to boost relationships back up with Europe. He'd be a hero. He could allow struggling countries to pretty much sever their reliance on Middle East gas and other fuels and help their economies recover much faster. Clearly, either way, the UK Gov't wins VERY BIG TIME whichever direction they choose. This is why I can see EOG will be 100% supported and "helped" wherever needed to succeed and get drilling platforms up and running in double quick time. No idea about the deep water port. The West Firsby site and others are close to Hull, a major fishing port. A little further south east of cours eis the massive port of Felixstowe one of the largest ports in Europe. No issues at all sending gas out that way. Hell they could probably pump it through the Channel Tunnel for all I know. :)

Sorry mate, I was also being lighthearted. There was no angst or offence at any of your post. I was trying to say that you guys still seem to think I'm more than I am. I'm really not very clever in terms of the stock market though I really wuld like to be. I didn't see RIIG bid posted at 0.43 ! I don't have access to any special real time software I'm afraid (what u call L2?). It still shows as 0.50-0.53 here. And yet again I see there is a buy already this morning at 0.52 just as predicted yesterday. RIIG has very strong support at 0.50 so I just can't see it going below that from here without some kind of disastrous news being released. If we get a trading update next week, full of great news then I think you could jump up another level, probably 0.62-0.72 or higher. It seems to like jumping in long strides rather than short steps !! Current ask 0.53 is an easy entry. You're virtually guaranteed a 20% gain when it goes back up to 0.62p again and that's without any news arriving.

You guys are sooo mistrustful ! I'd like to think I was clever or shrewd and I take a very skeptical view of most things in life. But as for the stock market I really am picking eveything up as I go. If you think I sound more knowledgable than that it's probably because I had a dabble at spread betting about a year ago. In doing that I learned about charts, candlestick patterns and so on. I failed with SB'ing miserably as I only ever played the currency pairs (Forex) and it all appeared to be totally rigged to my mind. Like online poker, you win a little when you first sign up and then you don't win at all. So haven't touched it since then. Langyy, it wasn't my view regrading shorters on Rock, that's a suspicion a lot of people have had for some time I think. As far as I could make out (from goading regs weeks ago) there is some history of great rivalry concerning some analysts on a website called T1ps (presume u guys know all about this site), So the inference was that maybe something there has been impacting the SP, Being paranoid I really wanted to know the truth of all that but I just can't tease it out of anyone. RRR has me completely stumped. From everything people report its SP should be sky high yet it's been held back. A share issue on 24th Jan sent the SP south and was a real disappointment. Yesterday we had another issue and yet the SP is rising off it! ! What gives? I just don't understand RRR and its probably a dangerous share for a novice like me but all I can do is hang on in there and see what happens. Equally in terms of EOG I'm not in a position to give you all of its fundamentals. I did very limited research on EOG so I understand it's production sites etc but once I read about the whole Shale Gas story nothing else really mattered. Some on the EOG board think I'm dismissing the importance of the other EOG prospects and making too much of the UK Shale element but I think they will start to see later on. I hadn't considered myself a ramper over on EOG. I'm not making wild statements like the SP there will be 20p etc but I am trying to track the chart lines of support / resistance (as with RIIG) to see what's happening with the SP. The truth is I have not one clue where the EOG SP is headed. If it farms out Shale or JVs with Shell/Total or sells out completely then clearly something great would appen to the SP but I have no idea to what scale. Anyway, GL with RIIG today.

I'm looking forward to tomorrow to see how it pans out here. Once again we're right at the bottom of the current banding and we expect very strong support here as has been seen multiple times throughout the month. It's kinda like a yoyo at the moment 0.52 then up to 0.62 and back and forth. Interesting to watch. Now what's really needed is to find the SP at the top of that band just as the trading update is release next week. We have about 2 days to jump back up which is pretty much the norm so the timing here could actually be impeccable ! On that basis I would expect to see 3-4 trades come in tomorrow at the current bottom price and the SP will rise shortly after.