Member Info for pablo2

Don't know if it's the holdings RNS but bit of buying today AND sp up 8% so far.

article : As part of its commitment, Tulla has injected A$10 million into Norseman gold by way of an issue of secured convertible loan notes with a coupon of 10 per cent and convertible at 6p a share. That, together with another A$3.6 million raised from investors at A6 cents a share, will give Norseman Gold a cash buffer of $A22.3 million. It is enough, Steinepreis says, to fund the new mining plan, and future cashflow can now be earmarked to fund exploration around the mines and regionally exploration to lift Norseman's resource. At the moment, that stands at 3.4 million ounces at 4.7 grams per tonne, split 760,000 ounces open cut at a grade of 1.9 grams per tonne, and 2.7 million ounces underground at 8.3grams. In the meantime, Steinepreis is asking for patience from Norseman Gold's investors, who have seen the company's Aim-traded shares hammered down to 3.85p from a high of 79.75p in November 2010. "It's very important to say, it is going to take a bit more time", he says. "People don't like losing money, but it is what it is." Reasoned, sensible arguments - patience needed, min 6mths - 1 year, I'd suggest, to get back to 6p plus. Then ....

Just register - it's free. I notice in the article : London-based Steinepreis, who has been working to right the group since taking Norseman Gold's helm late last year, announced a series of initiatives in mid-February. These included the appointment of the Australian, family-owned company Tulla Resources Group, to manage the Norseman gold project. So, silly me, that's who's got the 7.15% holding in the RNS. If anyone wants, I could prob. paste the whole article.

Bit delayed from March 13 but someone's picked up 7.15% and gotta have been over 4p then. Production figures soon?

back to HIGH. Shares mag. last week tipped it on technicals as a Short too. Tipped Sell @ £16.89, target £9.72!!!!!!! but Stop Loss @ £18.70 - this last figure is interesting 'cause if anyone followed this tip to the letter it stopped out on the first day. However, since this Short is going too well. I'm Long of course but wondering if I should 'hedge' with a concurrent short. Can't see much wrong with the company - just getting massively shorted.

Buy back programme isn't small fry really, they are regularly buying and cancelling up to about 8 - 10% of all shares traded on HK. Without a scandal(which I don't want), this share can't keep posting new wells spudded, new jorc estimates, and all the rest - it's steady eddy oranges growing. Would be nice to get some crop expansion or orange juice factories built but it's not going to be very frequent. I'm only new here but oranges seem so nice and quiet and sweet (it's getting late and I'm dreaming). Today's sp fall was not sweet though - as far as I know it's just 'tree-shaking' lol, or profit taking. Ziggy - your buy order went through? High volume here today on LSE, double normal, must have included yours.

2 trades of 3,100,000 within 15 seconds - could be an ii or a gold fund (or Fraser - lol) Diver - can't remember how I got into this beauty - it's so long ago. Know 'Shares' tipped it once - perhaps it was their fault. Should have sold and taken a moderate loss a few months ago. This latest massive tumble since early Feb has taken me by surprise - (it was around 4.7p on Feb 9th!!!) It should probably go back up just as quickly with a good RNS or 2, if delivered with some enthusiasm.

hope it never gets filled. Are you saying it's going to drop? Does seem to be drifting lately but compared to much in the market it's holding up quite well. How big is BIG - I'll watch out for it?

It's a buy! That's the annoying thing, if we hadn't have been so clever in the past picking out this stock, we could now make a killing. It's the same with many gold miners - I'm in up to my neck in OTC, CGH, CRND and others. If I got in with all my money now, I reckon I'd make £20,000 in 2 years easy - that's about a 50% increase on my current portfolio. But from where I am now, I must be £6,000 down or so on these minnows.

Check out the 'Financial Diary' button above. It'll tell you you'll be paid on May 4th.

Share repurchase Yeah, it happens almost everyday. However, it was pretty large today - our buying represents 37% of all shares traded in HK today, and the shares went south by nearly 3%. A lot of drifting at the moment and can't see them making any announcements soon - results not till August I don't think. As several other posters have worked out, ACHL has got a tremendous cash position and nav so it's probably a good share to have tucked away in one's ISA. The only worries as I see them are : climate, scandal, and disease. Nothing to worry about then - lol.

What's not too like? Nothing! Sp going north gradually lately, this should def help.

My average is only 4.86p - just over 50% down. I held in profit for ages when we were, IMO, looking for 8p plus. Nor did I think much could go wrong as we're not even doing the digging just sitting back to wait for the miners to get it all for us. Thought we'd sell off to the big boys at some stage, probably in parts, and, not sure what I'd do with the profits, put them towards a nice car? Dream on.

Maybe we could issue an RNS saying stop dropping the sp, nothing's wrong, we've actually still got some gold.

Now I'm beginning to think twice about not putting a stop loss on this, but when you're down so much you just have to keep going. Obviously Crater Mountain is still not worth commenting on by Fraser and Bill.

Don't know how WE could work it out but as I reported a few weeks ago the FT now has Weir only 'Medium' on their DX Short selling activity 'meter' - 'DX Short Selling Activity is compiled by Data Explorers and represents a proxy for short selling activity based on the demand to borrow the shares as a percentage of the shares outstanding shown as low, medium and high levels.' This was an improvement on 'High' which it was for at least a few weeks. SGP Supergroup was up to this level for many months and had the s/p taken right down. All the experts say Weir is well oversold but when will it recover?

They've increased their % of Crater Mountain - they like it and are up to 90% - we remain on 8%, don't know who's got 2% - see link http://www.goldanomaly.com.au/irm/Company/ShowPage.aspx/PDFs/1885-37411674/CraterMountainIncreaseinInterestto90

Makes it sound like insider dealing - Lol

What's not to like? Nothing!

Thanks for all your figures too - there's a lot of red-hot mathematicians, statos, on LSE. I'm too tired to dissect your figures but they seem to be pointing to 100% sp increase or more in the next 2/3 years. Do you think, though, that in this volatile era we're now in (permanently?) it's a good idea to take some profits and come back in occasionally, hasn't the era of just holding long-term gone? Also, obviously with this natural company, orange trees, have you any idea how susceptible the business could be to a disastrous climate/harvest? Know it's in China but how is there climate and how resistant are orange trees to climate changes and disease? Any horticulturists and climatologists around? They've had a couple of scandals thrown at them in the last 12 months but it seems that they were probably competitor, dodgy investors(shorting) or simply newspaper sales driven. No mud seems to have stuck.