Member Info for profitseeker

looks like someone has just lit the fuse again on the tsx. up over 10% at the moment and rising. london should follow suit in the morning if we can maintain it. fingers crossed

riddler, after your question i am in the process of going through your tutorials regarding what the rsi is. i know what it stands for (relative strength index) but not exactly sure how to determine it.

last i saw it had crept back up to 2

From the Crew website: Crew concluded the sale of Nalunaq Gold Mine including all the assets, Infrastructure. Inventories and goodwill to Angus and Ross plc, the effective date being 1st July 2009. The completion of the agreement was delayed by the elections in Greenland and ratification of the license transfer has yet to be formally granted by the Greenland Government. I would assume that we would have had a GM by now, but who knows anymore!

afternoon gents. i assume we are still waiting for the greenland government to rubberstamp the change in licence from crew to agu as per the latest crew website? all very tedius. just hope and pray one day this roars into life like acta!

fiscal 1st quarter results will be released at 1.30pm August 13th and will be accompanied by a live conference call. should be interesting to see following the merging with cbm and any news regarding its large stakes in xtract etc

Im sure we all love a punt sometimes, but I cannot for the life of me see any reason why these warrant as a buy. Jumping on board a share just because it has fallen dramatically is definitely the road to the poor house. It was only a month ago that they narrowly avoided suspension from aim due to filing their accounts at the 11th hour. Crippling debts, a sector that has been in decline for years, taking over pubs which other operators had cast aside as unviable. What have I missed which should rate these a buy other than to line the mm's pockets?

Just had confirmation from the managing director of QGM. In a nutshell: Angus and Ross is still the major shareholder in QGM and have forwarded its proxies for our AGM on 30 July. They are still a supportive shareholder. I thank you for your interest in QGM. To my mind this is a pleasing bit of news.

i probably wouldn't be too concerned about the rab holding. they have been in these for years now and have had ample opportunity to cash in at previous high levels. there really would be no point in them offloading now. the only long term negative regarding their holding would be if they sell into strength in the future. however, as said before, if these are still going in 18 months time, then these will be at a substantial premium anyway. all in my opinion of course!

thanks for that. i know they have seemingly written off their "out of greenland" projects, seems a pity nevertheless. i wonder what robin andrews is up to nowadays. be interesting if he had a personal interest in the other projects!

Anyone know what ever became of agu's 28% holding in the aussie company QGM? I noticed the then agu Chairman Robin Andrews said: “The oversubscription and the strong performance of the QGM stock in the first two days of trading supports our long standing view that QGM’s properties hold significant potential. The joint venture with Oxiana on the Warroo project further strengthens our belief that QGM will prove to be a significant and successful investment for A&R.” Looking at their current website, they seem to be quite interesting.

i totally agree with your points. I am hopeful that I will still have a sizeable holding in these in a couple of years time, and if this is the case then I expect to be sitting on a very nice sum. If I am not holding then it will be because we have been misinformed one way or another and the company is no longer a listed one. That said, i do get a little frustrated that alot of these aim companies a more than a little vague in their itineries. I am still of the opinion that very few of us posters on here are completely sure of which way this is going to pan out with regards to the cyrus deal and the black angel development. Lets face it that it wasn't that long ago that the gold mine project was not even in our thoughts. Also we still felt there was some value from the companies other assets outside greenland, which we now know there are none worthwhile. I am keeping the faith here (really have little choice with the holding size i have) but would just like a clearer picture of things. at least your techs are holding up on this one!

I apologise if this is a stupid question but: "now that every emphasis is on getting the gold mine producing and bringing in a steady revenue stream (bought at a very good price imo), is the cyrus deal and the huge shareholder dilution still cast in stone as the only option? I ask this as there was no mention of any general meeting planned in the recent tv broadcast (I might have expected it to have been as this could cause some price movement, and that is what that tv show is all about), and after having it on good authority a month or so ago that rns and the said meeting was imminent, all has gone very quiet. Indeed, recent emails to the finance director have also met upon deaf ears. If the gold price stays at the current high levels and demand for zinc doesn't pick up dramatically for a couple of years, could we survive and be in a much stronger position to develop the Black Angel just a little bit later (once again) than planned?" Any thoughts from the long suffering agu brigade?

thank goodness for a strong rebound on the tsx from the days lows. hopefully the patient will be stable in the morning. last day for cambrian, so lets hope she sails away on a sea of blue!

thanks for that link. nice to actually hear the horses mouth! the financing discussion left me still a little downbeat, as the BAM project still seems quite a way off and i'm still a bit confused as i was under the impression that a general meeting to agree to cyrus funding for it was imminent, or have i misunderstood that? However, mr halls comment that in a years time the share price will be substantially different brought a glow to my wallet. I have held and topped up for about 3 years now, so another 3 will have to do.

although a bit disappointing of late, these have held up pretty well considering the weakness on the tsx and dow in general. if we can just stay within touching distance of the £1 mark then all bodes well short term. the merger is fast approaching, so these will be in the limelight. i still haven't implemented a stop loss and hopefully that will remain the case. also lots of positive vibes are coming out of the asian steal makers.

well i said tonights tsx would be very important. unfortunately with a near 10% fall we can expect to test the £1 again tomorrow. very disappointing. haven't seen any reason for the correction though so lets hope its not sustainable. i guess now is the time to make a choice again

today will be very important on the tsx in my opinion. If it maintains its positive stance, then yes I think there is every chance of seeing 130 pre merger. You know all too well that a week, let alone a month is a long time in this particular share. Im sure the dilemma will present itself at 120 again, but coming in and out of this one is a risky business. The fundamentals are in place here, and i see no reason for this not going on a nice gentle move upwards to previous levels. Just as a matter of interest, when cbm has all been integrated, i wonder if anyone like the chinese would be interested in launching a takeover of the enlarged group? There is a lot of consolidation due to take place in the mining sector, and could this be a contender?

check out the tsx. i notice wtn have just put out their fourth quarter results. They look very strong and there is a very bullish statement from mr hogg. as we said the other night, this isn't a share for the faint hearted. Bet you aren't so bothered about selling out at 120 now? All things being well, we may be heading into the next wave of a sustained upward movement.

sounds pretty similar to my situation. i bought cbm at 26p looking for around 50p. Only when i did my research into wtn, did i realise that these really should be put aside as a long term hold. Forgetting the short term highs and lows, I really feel that in 18 months time these will be £3 and once there who knows! I certainly didn't see the retrace from 120 coming back to this level, but know all too well that it can soon reverse back up again. If we can get to my long term target then I won't care a bit at missing out on doing short term trades on them.