Member Info for MrMagic

Naturally Insurance brokers should be first up against the wall when the revolution comes ! Followed shortly after by etstate agents and then bankers. Bloody nuisance the lot of them ! lol Anyway, what does RIIG do again. . . Oh wait !

He's a researcher ! :)

On RRR - I'm puzzled as the SP is rising despite the last share issue. Totally bizarre. On paper RRR is a complete steal but it's SP seems to have been kept down somehow for the past 2 months like an elastic band ready to snap. I'm done topping up there, will just hold now and wait for the jumps if they come. EOG - much bogger IMO. EOG has lots of good operations in various places producing oil and gas. However, the discovery of upwards of 200 trillion tonnes of Shale Gas in the UK is now a game changer and in many ways a company changer. The scale of the Shale is enormous. It's more gas than North Sea Gas has ever produced. It's enough gas to power the UK for 50+ years. It's cheap energy and it comes at a time when the Middle East is trying to cut Europe off from oil and when the Eoruzone is in total crisis. The UK will be able to supply CHEAP gas to Europe but more importantly it will make the UK self-sufficient in terms of energy which can not be underestmated. EOG owns the licenses for large Shale fields in the Humber Basin, some of the very best. It's completely ripe for a JV with the "big boys" like Total or Shell which is what we are all now expecting to get announced. Even without all this UK Shale business there are bid productivity prospects waiting to be heard from Barchiz (Romania) and Berenx (France) sites which if news arrives of those will send the SP up to 15p land probably A JV with Shell, would be massive. Just can't put a guesstimate on the SP if that happens. No ramps though. LOts of things need lining up in terms of politics for something this big for the UK which is what I think is happenenign now. We seen news releases stating that fracking is all safe and sound and stuff like this which just confirms the govt is grabbing this with both hands and won't let it fail under any circumstances. Easy solid share IMO. Yesterday we jumped 6%. We were in the banding of 9p-10.50p. Now we appear to be 10p-11.50p. We've tried to hit the resistance at 11.50p twice now and we're about to try for a third time. Buys are coming in at the current ask so I feel quite upbeat about breaking through. But I'll wait and see. Still no brainer at the end of the day purely because of how game changing, indeed UK economy changing, Shale Gas is.

Thx for your comments !! The £23 buy wasn't mine !! Normally a trade like that would be one of the MM signals but since the vol doesn't come out at 100-600 it doesn't look like a signal. More likely some kind of correction. Also I'm having difficulty believing the late 1 mllion sell yesterday. I suspect that will trickle back in over the next few days. Are you boys playing naughty tricks here? Trades have dropped off again after the flurry earlier this week. Not sure what that means and it looks like you're now testing your support level at 0.52p yet again. Charts suggest that support is strong so all should be well. Just FYI I'm not invested here at the moment. I just don't have enough funds to spread to too many shares so I have to concentrate on a couple of primary shares. EOG as you know is my main investment. Rose nice and quickly some 6% yesterday (withotu any kind of news!) and is establishing a new level. Essentially people are realising now just how big and important Shale Gas is going to be for the UK. I think it's a bit of an epiphany for some people. If I had more funds to spread around I would punt a little on RIIG at this price because the charts say it will rise again back up to 0.62p so for a quick small profit it looks sound. Then if we DO get a trade update next week that 0.62 could be 0.72p, who knows? RRR share issue was disappointing as you've noticed but everyone is well aware of the SEDA agreement there. Just need the CEO to publish concrete plans and to ensure people that funding is stable. In the end the SP is sure to rocket there but lots of monkey business going on at the mo it seems. GL

Why would they make your buy a black trad? It's only £1500 worth! Seems odd

Catchy alias there buddy!! lol If you look at the charts you'll see this share was operating in the 0.42-0.45 band in Jan then jumped up to 0.52-0.62 where it's been since. As you can see it rises and falls between that band and today/yesterday it was at the low end of that band so that would indicate now is a good entrance point assuming we stay in this band and then move upwards (which is what the other guys here expect). They also expect a trading update at the end of the month which if positve might well lift the SP. Last year it came out 28th Feb so again, getting in before that update is another plus point assuming all is good news. GL

Cheers for that, and no worries, you and I are just fine. We've traded insults in the past weeks and I regret we did that. I've found it difficult to find the truth of a share on any board if I'm honest. The cynic in me says that ALL online services are in some way rigged. Online poker for example is unsafe because there is so much organised collusion and cheating going on. I have no doubts at all that boards like this and III will have teams of colluding posters all working together to present a specific picture good or bad as needed and I presume that many of the posters are traders/MMs too. It's a cr appy deal for anyone who doesn't work in the industry IMO. There's just so much conflicting info out there. Who can you trust ? You guys (you, Jamie, langyy, Jange) APPEAR as if you're a team but it's clear now you're all just mates. I think the absence of any other regular posters here makes that look all the worse. Anyway. Bygones. My world is full of conspiracies and paranoia, I expect to be ripped off with anything remotely financial so I stay cynical and as sharp as I can. I hope you've not been too offended along the way. Norway is a lovely country BTW, great views from the top of Mt Dalsnibba, great markets in Bergen, but everything is very expensive there ! Of course Devon is really nice too :) ATB

Can you explain to me how MMs "walk the SP down" legally ? Are they posting fictitious buys and sells or are they hiding transactions (black trades) ? How does this work?

Hi mate. Yeah I saw your other post over on ORE in this regard too. Difficult for me to say much that could change your opinion I guess. More's the pity. Over on RRR I'm supposedly some secret service trader or MM, then another day I'm a monkey account for the guy they call Shed, then I see you guys are thinking I'm someone called JBest? It just goes on and on. I give you my word as a gentleman that I am none of the above, nor can I even call myself an investor as such. I've never really played the stock market seriously as I've never had enough money to play it. I had some CCL shares purely for the cruising kickbacks but not a lot else. I'm used to conversing on forums of different kinds so if you like I'm ok at presenting my viewpoints, but that's it. I'm about to move a company pension into a private SIPP so that I can invest properly so it's important to me to get beyond all the ranting and raving on these boards and find a truly good share. If I went on the sentiments of posters I'd be in every share there was because according to those people they're all brilliant ! I've needed to probe the details as best I can and at times that puts me at odds with regs who already believe in the shares. I find the abuse frustrating but it seems par for the course here. I think Langyy too thinks I'm someone else or in league with other people but again he's very wrong. I'm just an ordinary guy looking for a decent share and doing my utmost not to get ripped off in the process. Not sure there is any way to prove or otherwise convince you of this. I'm clearly out of my depth here because it seems 90% of posters are millionaires with money to burn. Just remember that once you weren't millionaires and you started small. No hard feelings Jamie. ATB

Thanks for your reply BTW. I've become so weary of being at odds with people it starts to affect domestic life. I don't think I've been negative, just tried to understand the truth of each share I look at and tried to be realistic. Anyway, cheers.

Interesting you say that because some people over on RRR are saying the same thing there. The RRR SP looked to be making a rise and then suddenly it held back again. There are a load of what look to be "sells" in the trade list but at least one person thinks these are corrections or some sort of MM shinanigans. I haven't a clue myself, I don't understand any of it. On the radio this morning they said Greece had been sorted out so I figured the whole market would rise a little off the back of that but seems not. How do MMs perform "games"? Is it legal?

Do you mean the key stakeholders? If so see here: http://www.riig.co.uk/securities_information.html

As I predicted and wagered to Harold, the SP hit 0.55p before it hit 0.8p. I take no pride in that result, I just think it was realistic and as you've all found out I'm all for being realistic here. It's time Harold and I ceased the ping pong of frustrated exchanges on here. It's really pointless and life's just too short. I offer a truce on this on the condition that my posts and those of everyone else are respected and tolerated without being rebuked or responded to with insults and accusations. This is my olive branch, take it or leave it. For the sake of the board and our sanities, let's discuss the share openly and respectfully. My views on the share haven't changed at this point, I'm still undecided about it and see no real reason why it should drastically change but each to their own.

No problem matey. Enjoy your drink. No I'm not at all looking forwad to Harolds usual lambasting of my posts. It grows very tiresome. It's been quite civil here today which is a good thing.

is that the 2.8l Laser Capri? A classic for sure

Ok sir. In that case, would you care you elucidate on why you believe in the company? Obviously I mean this from a factual basis rather than a "hunch" basis. The management team here appears to have the same major players as previous years where losses were returned each year. Changes have clearly been made in organisational structure with new divisions established and there is the Verify product on which high hopes are hanging. Nevertheless, what do you think has fundamentally changed in terms of the directors here given their past record?

I don't think you're stupid at all. You did however make a statement regarding the SP rising which you don't appear to want to either clarify or discuss so just puzzled why you bothered to make the statement in the first place. No worries.

Apologies. You said "it will be closer to 0.8 sooner rather than later". So all you're committing to is that it could rise from current SP of 0.58 to say 0.59 sooner rather than later, that would be closer to 0.8 than it is now right? Not a particularly committing prediction TBH.

Why is my post a "De-ramp" and if it is, why isn't Jamie's post (claiming 0.8p) a ramp? Sigh. I here what you say regarding trading updates. You got one last year at end Feb so you anticipate another this year, fair enough. Given the interim accounts that trading update is likely to be positive (IMO) , i.e. I expect it to show/suggest that the end of years accounts will indeed show a profit for the first time. What this will do to the SP I'm not sure. For most companies, posting profitable accounts is the norm, we don't expect major SP shifts as a result of them. The SP shifts usually arise as a result of significant changes to productivity or assets which result in an increase in market capital. Thus for example, RRR's SP won't rise when it posts another set of end of year profitable accounts, but it will rise when it announces it is producing more product at it's mining sites or it it merges with another company etc. Interesting that you also state "this will have a positive effect on the share price in the short term". For me that's a spike. Short term rise. If the SP moves up into a new banding and demonstrates strong support above previous levels then that's a true rise. I will await the Trading update with interest as I will with the end of year results.

Harold wanted me to wager that the SP would hit 0.8 sooner rather than later as you're suggesting. It's glib when stated like that so worth while clarifying. I agreed with Harold that it probably would "hit" 0.8p because a review of the charts shows this SP spikes a lot (presumably the result of his ramping work). Stating that it will hit 0.8p is the same (IMO) as stating it will hit 0.55p and the same as stating that it might rain today. It's meaningless. The SP sits in a banding and if there were any trades going on, it would jiggle about between the upper and lower limit 0.55-0.65. t may spike very briefly any time and come straight back down as it has done before. Now, if your definition of "hit 0.8p" actually means you think the SP will rise to a new banding level between say 0.75-0.85p then I'd have to say I just don't agree with you, but then much also depends on what you deem to be "sooner rather than later". In HH's terms sooner was days/weeks which have passed. Keeping it real, this is a company that has yet (over many years) failed to return a profitable set of END OF YEAR accounts (as far as I have been able to determine. If I'm wrong please correct). Therefore the most important thing for RIIG is the coming end of year accounts. That will be APril ish so I don;t anticipate any movement till then