Member Info for NoelShempsky

Ignore that "Strong buy" on my last post - slip of the touchpad.

Someone on the III board has raised a good point. MCR were due to make a payment on 14 August but we have had no news. It is now September, should we not have heard from the company? Normally this sort of thing would make me very nervous but as someone else on III pointed out, a director bought a chunk - would he have done that if there was a problem. Too many vague signals, this one could go either way.

If you look at my first posting on 28 July, 2009, I wrote "The company recently increased the dividend by 50% and there is the possibility of further increases as production builds up." On the 5 August the company did indeed increase the dividend by another 33%. When compounded with the 50% increase, that meant the dividend had doubled. This gives me further confidence in something else I said in that 28 July posting, "I consider 900p not an unrealistic target for six months to a year from now." and I feel that it will be closer to six months than a year, so 900p by Jan / Feb 2011 - possibly. Shares can go down as well as up. DYOR.

glad I bailed on this the other week! Where is the bottom for this share? I thought 0.8p was low but this is getting silly! - looks like you should have listened to TBG1. Let's recognise that TBG1 said this would happen.

One director bought 40,000 shares at CDN$10.31 and another bought 15,000 at just under CDN$10. Nice to see them voting with such large sums of their own money, a good sign of confidence in the company.

I bought 766 shares today but the trade has not shown up in the buy / sell table. They were 649.9p each, higher than my last purchase, but the price on the TSX was up strongly so I expect the price in London to move up soon.

shareminator - crossing your fingers is not the way to make money. Research is, but you admit to not knowing about the history. As George Santayana said, "Those who ignore the lessons of history are doomed to repeat them". That quote has many variants. I suggest you research the company in more depth. So I repeat my point of view that people should beware of the posts of someone which such little knowledge. Everyone who has spoken out against my opinion has shown by their own words that they are living on hope value and dreams rather than making a serious appraisal of the company. I didn't think of this, it is a well known saying in the market, "There are bulls, bears and there are pigs. Pigs get slaughtered". Pigs are the people who buy the hype, buy on hope value and ignore warnings. Just my opinion and I am happy to read the other point of view without getting angry as you lot are.

Not worth it but you felt it worth a reply. Enough said.

Another sign, chooses to take something I said as though it was meant as an insult. A sensible person would take it as advice and get some English lessons to improve themselves - others are too supid or lazy and so just try to think of some smart repost - do you know what a repost is?

faze1 wants to hear only the good news, has the "don't tell me I'm wrong attitude"- ignores warnings - all adds up to obvious sign of a pig to the slaughter.

That should be "their money " not "there money" Now I see your problem, no education.

Stop deluding yourself - those who told you to buy are the cause of your disappointment. Don't let them fool you again. Fool me once, shame on them, fool me twice, shame on me.

This sums up the attitude - "I'm so clever I know I'm going to make money and anyone who says not must be an idiot and anyone who agrees with that idiot must him under another name" - I've heard it all before. Another pig for the slaughter.

"So, if you don't like the idea of risk and reward don't invest round here. . jog on ! but i think everything is in place for a bright recovery and much reward," - what an obvious sign of someone who is dazzled by thoughts of making great riches and doesn't want to listen to any other point of view. In the market there are bulls, bears and pigs. Pigs are those who get slaughtered because they ignored the warnings.

You say a couple of times "I knew" - wake up - you are deluding yourself. What you mean is "I hope". You have been disappointed since Decmeber, wait a bit longer, you will be even more disappointed. I'm sorry to have to tell you that you have been dazzled by all the talk of "potential" and greed has led you to mistake hope for certainty. I don't mean to be rude when I say greed, I was once a novice investor and know how you feel, but now after more than 20 years of investing experience, believe me, I've seen it many times before. MCR will cause you great disappointment and before you dig at me, no one likes to hear the bad news but when it does disappoint you - remember who shouted about all the potential and advised buying. The same peole who probably called "Great entry point" last December as Flawless Kicks did yesterday. You will end up wishing you had listened to TBG1.

"I don't know the ins and outs because i wasn't around then " so you admit to knowing not a lot about Mercator but you tell people to watch the iBall video and say that it tells them what they need to know. Anyone reading the Sharemintor's posts - take note - would you buy on the advice of someone who admits to knowing very little? Flawless Kicks sees this as good entry point. Haven't we been hearing that all the way down to this price? Who has been right, gema4cash, the Shareminator and Flawless Kicks or TBG1? Go on track record I say.

gemma4cash, It does not aotomatically follow that just because one compny recovers another must too. Was Norseman's situation the same as MCRs? Edmund Jackson said "A transparent company" http://www.iii.co.uk/articles/articledisplay.jsp?article_id=7804813&section=Sharedealing "One executive director bought 1 million shares at 10.75p to own 8.1 million; the chief executive bought 500,000 to own that amount; the chairman bought 500,000 to own 4 million; and a non-executive director bought 100,000 to own 2.6 million. Their interests are well-aligned with anyone investing in Norseman for the long-term, as the directors could fairly be described as locked in given their extent of exposure to equity." Norseman is producing and is a "A transparent company" - can you say that about MCR with all the agreements, schemes of arrangements, options, etc. ? To say that because the Norseman SP rose so MCR's could too is like saying that because Manchester United or Chelsea won the FA Cup, your local pub team could do it. No comparison.

How can you deny that going from a being a gold producer with a share price close to 100p to today's under a penny stock is not a disaster? Remind us what happened at Meekatharra that caused the mine to close. And you cannot take the iBall video seriously, I see it as pure gloss and promotion and not a balanced look at the pros and cons. Have you taken a serious look at Themac and the ownership? When I see a company under such tight control I get worried. I admit to being excessively suspicious and my fears may be groundless so make your own mind up about where you think the profits from Copper Flat will end up? As for the overall impression of all these assets and the various arrangements and deals, to me it all apears too wrapped up in layer upon layer of complexity which could hide some nasty surprises. I worry about what skeltons there are in the cupboard and, if if they are there, then eventually they will be sniffed out by TBG1 and he will get the recognition he deserves as the top bloodhound.

You ask TBG1 to change the record. What do you have to say to those who are always claiming that the big rise is just around the corner but it never happens The other day we had these remarks:-. "Still rising! This should take us back to the 1 penny mark we were at 2 months ago" "I think this will be the start of the rise" "... will open stronger tomorrow IMO." only to see a small rise fizzle out - as always. Ignoring TBG1 is like the people of the Caribbean ignoring a hurricane warning or the Indonesians ignoring a tsunami warning - not sensible. Please ask the cheerleaders to change their record, TBG1 should be Number One in your pop chart. This sp is in a trend and its not up..

Now let's see who made a good call yesterday. From mannan - "if there is rise i bet its only for today" I have had my eye on this board for quite a few months and one thing I have noticed is that TBG1 gets a lot of criticism but so far his opinion has been the one that was right. The others who are constantly upbeat and calling this a good company seem to be totally deluded, - they get so excited at every RNS but seem to fail to see the trend in the share price - down. If it ever gets back to 0.9p I'm out. Sorry about the double posting - wally error.