Member Info for Ridingwaves

You too with WSG .....long may it continue.... It's only work if you don't enjoy it....lol

Hi Shan, Ridder is far ahead of me mate.....i only play a few selective trades. 'Hit and Run'......or hold..lol You are not not too shoddy yourself at this game.... GL

“The harder you work, the luckier you get.” Gary Player GLA

Please keep the noise down.....otherwise you attract the wrong sort. This is a very respectable bouncy number... Play it right or at your peril.....some skill is needed....timing in and out... Lets see how the eminent GC's play it. GL.....

Very impressive.......well done

Thats me i have sold first thing this morning......@ 18.75 Yes, i made a nice profit, but if i am honest i would like to have remained because this is a promising business. The judgement is solely the TA abate short term for gold and not the company. GLA

Hi ooleum, The reason is the stock is an illiquid share....the MM's simply do not want to hold the stock in any quantity. This is because there are too few trades therefore it is not worth their while. If you look at the history of the stock going back 3 years it will give you a clearer picture. If for any reason they get wind of some likely news or as previously people started to ramp the share and a tipsheet then they will temporarily acquire shares maybe from an insider/institution reduce the spread because the MM's have obtained additional shares to sell. Once these shares have been marked up and sold, they will widen the spread to reduce the demand and cover the risk. I am not trying to de-ramp the share but explain what i believe is or has happened. It can sometimes work in your favour if there is some very good news will move the share up quickly, but the danger is that you can easily get locked in. If you believe in the company and are a long term investor then if what you believe happens then you will be ok. Good luck.....this is my humble opinion for what is worth...

Particularly at the current price....lol I must admit OSB is probably well researched, me i only started to get the details, but what i have seen so far looks good. Next few days should be interesting... GL

Hi Bonker, The all in cost per Oz is $800 to $850, my mistake. The main prize is the other two large prospects as you know. Baomahun and Yaoure, with Baomahun boasting a reserve of 1.21 million ounces. I think you already know this..lol GL

The Sega mining re-optimisation is forecasted to bring total cost of mining to $700 an oz.

Hi, lol Are you here aswell.....got to keep those wheels rolling.. GL

I know most have seen this, but it still makes nice reading as the company have started deliveries from the Sega mine. "Amara re-optimised the mine plan for Sega in Q2 2013 at a gold price of US$1,100 per ounce in order to adopt a lower risk approach during the current challenging market conditions. The material trucked from Sega is expected to strengthen production and generate robust cash flow in the near term. The re-optimised plan also has a positive impact on cash costs." Gl

I hope not....lol

Thank you for no surprises.......

And hopefully a good time for all in the coming days.... Us budget.....federal reserve uncertainty.....and Tea party are at it again.... And of cause a nice support level. Well hope so.... GLA

Feathered in today........ Better keep those trucks rolling......and no surprises from the federal reserve, please.

Hi, There is support @ circ 18p based on previous volumes. Any movements are likely to trace on sentiment for gold. Any updates and further news should push nicely off this gold sentiment base. You have a good buy in price with plenty of upside therefore a good risk/reward ratio. Charts at this stage if anything show consolidation backed up with low volume.....so if anyone was deciding could be A good time to accumulate on a medium term view as the business will start to mine it lower costs plays from now. All dependent on an individuals view on the price of Gold. GL

Accumulation and Distribution... Look at volume and price patterns during September. The markets are no different to any other form of retail operation......if you have stock and for no reason a sudden surge of demand .....what you do, raise the price keep testing and then control the demand. But opening the spread you slow down the volume, but can continue to test the support and resistance within the spread. If you want to increase stocks you can lower the price. 'Tree shake' even if the news is good, then when stock is sufficient release the spread controlling the demand. Quite effective and efficient ....lol

Completed?

Bet, they could not believe their luck....sold above retail. MM's can now play this either way....does not matter what news comes out. Psychology of investors will do the rest, if you see what i mean. They will earn off what they caught in the net.... On 20% margin any bought at 3.00 will have to see the price go to 3.60 just to break even... Wow! In the mean time they will feast as you say on what is in the net. P&D telegraphed, and delivered on que...