Member Info for Seifert

Well, it looks to me that someone/a group is deliberately setting out to trip all the stops. It's not about risk, but rather access to inside information. As I often say, I trust the stock, I just don't trust the market (makers). The latter are mere cockroaches and muggers with the protection of the establishment. Only a total wipeout of markets, something equivalent to a world war, will flush them down the toilet. But hey, things are not that bad, and we don't want to tempt fate!

You must either day trade, or go long term here, because the market makers know where your stops are and will snap them. Good luck!

Nothing has changed.The 'markets' (which means the crooks running the show), have not changed, and cannot be reformed. This is corrupted capitalism eating itself. Perhaps Marx was right, dysfunction precedes immolation. Well, if markets do vanished, they will not be missed by the real economy and the general population at large. - PS: relying on the UK authorities to do anything, well, you would be demonstrating more acumen professing confidence in monkeys than that lot!

You have a right to feel irate, especially as you are down on KAZ, and it is here, the ENRC gang, who are primarily the cause of that However, it must be the case, surely, that one deals with likelihoods, probabilities informed by common sense, experience, suspicions and guesswork. You would not have brought in higher into KAZ without such introspective methodologies. It is these same methodologies that, for me, kept temptation at bay and I did not buy into KAZ even when I know they are very attractive prices. I suspected it would go lower on the foregoing considerations. So, really, you ought to be fair here, I think. Yes, we got lucky with our guesses, but they were informed guessed, as aforementioned. Good morning, and no doubt will be 'chatting' with you tomorrow.

I am indeed surprised that the 'gangsters' kept the same offer on the table, albeit depreciated by exchange rate moves and a lower share price. I always suspected that these people would never up their offer. The always expects others to bear the losses. The story on ENRC and this board is almost at a close.

Kaz will be affected by the fallout tomorrow. I still believe that is a good company, and will look to buy.

Private investors need only look to the LSE and blame it for ever listing this company. We can all guess the motivations behind this.

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10136746/New-3bn-offer-to-take-ENRC-private.html --- Private investors should blane the for ever allowing this gang of crooks to list.

I really admire your spirit and attitude, and wish you the very best of luck!

Resource nationalism is rearing its head (i.e. Mongolian copper mine). I suspected something like this would happen. Countries like Mongolia are looking for a corporatist 'model' and it seems that China, or some akin to Kazakhstan is being imported. This is a diversion from what Rio should be doing (i.e. concentrating on Australia, look for opportunities there, or in Canada or Chile or some place that is reasonably well governed). On this basis, I am sticking with my target price of £22. Good luck to all others. - Note: I have been wrong on many occasions, far too many to enumerate, so do make your own mind up. I value feedback from retail investors (no corrupted brokers' opinions sought, wanted or listened to. Pimps and pigs not welcome here).

There is no such concept as 'so low' or 'too low' when you contextualize this in terms of speculators' actions I have set a price of £22 here. It is just as like to hit £12 or even £10. Speculators don't care about fundamentals.

Bravo! That is exactly the insight you should cultivate and keep in mind, and not bury your head in the sand like Mr. Ant986. This is not a market we are trading in. Some refer to it as a casino, others a circus, others a corrupted warren, a stitch up, etc. The metaphors are not of consequence. What matters is that t iis NOT a transparent market according to the doctrine of capitalism. Brokers feed misinformation to further their own agenda. They are not like gardeners feeding composts to the soil to enrich it. They seek to GAME it. That is what you have to bear in mind. Good luck!

That this stock did not suffer the same hammering as miners generally today, especially the ex-commie ones, speaks plainly of speculators convincing themselves that the gangsters in Kazakhstan will come forward with a 'reasonable bid'. The only way to play this one is to spin a coin, and hope for the best! - Good luck.

Brokers are the most corrupted gang of pimps and thieves, and it really does not behove us to waste time citing them. We must learn the imperative of self-reliance, because you can be sure these guys will lie to you, god and even the devil to make a quick buck. ENRC is run, and owned by gangsters with the breeding of pigs. Target price for retails investors -zero. For them - £15 billion!

Semper Eadem.

Hello there, how are things with you?! I have to agree with driftking27, namely that getting back to 2009 low levels will meet immense resistance from government determined to keep the spigots of QE open in order to contrive market confidence. It may be fake, it may be a lie, but they are determined. So bear that in mind. MY own view is that somewhere down the line, unless economies start sprinting to much higher growth, that QE will seep through the system in some fashion. There are two cracks though which it can flow - inflation, and the other is a collapse in confidence (in the dollar and fiat currencies in general) You see, no one knows the ramifications of all this money printing. The central banks have boxed themselves in. This bubble could go on inflating for years. And unless something tangible soaks up the excess, it will implode somewhere. No one can give you a specific time. You see, it's not the real economy that carries the problem. Not mines, not factories making ipads, not Ford and its production lines of cars. That is not the source of the virus. The virus is financialization. The derivatives and options, the ETF and disparity between paper prices of things (like gold, with no underlying collateral) and real stuff (bullion in a vault). We never solved that problem.It never went away. Looking to history, it was war that eradicated the debts. Something on that scale is needed to deal with the structurally disjointed finance that is ruling the world (you don't imagine we live in a democracy, do you?!) "2009 offered us a chance to purge the system. Yes, it would have meant collapse, total collapse, but recovery would have been built on solid foundations, and not the paper bubble that is resurrecting this current one. So while now I agree with driftking27, something, somewhere down the line will have to yield. - Like an addiction, starting one is horrendously easy. Escaping from its clutches a nightmare.

The gangsters who own this company will not modify in any material way their offer. Like Corleone, they made you an offer you can't refuse. The predictable theatrics from the management is current with the D'Oyly Carte operettas. On that basis alone, I would take a position. Anything else is a giant risk, in my view.

Would that shipments had started in 2010. Rio would be at £45. That pile of copper is going into warehouses and used for speculative hedging strategies. That's ok if it soaks up supply, but that's not a long term strategy, only a short term fix. This industry will face rampant consolidation at some point. If I was running Rio, I would conserve cash, return some of that cash to shareholders as a special dividend, and concentrate on my core mine in Australia. Rio is bound like the a Siamese twin to the fate of iron ore. It got whacked with Aluminium, and Copper will fare no better overall. These are side-shows to the action in Pilbara in Australia. Also, there is the currency effect, that speculators and day traders will use in arbitrage. When you look at what is happening rationally and impersonally, nothing has really changed in terms of market behaviour. The only difference post Lehman is the presence of abundant zombies (banks, companies small, medium and large of all kinds) and the hoarding of cash. The necessary purging of capitalism was stymied by central bankers and governments. We did not complete the purge. That has to happen some time. I think the likes of Bernanke et al know this, and they are trying to manage that purge. But their methods are questionable, hence acute German misgivings and their insistence on austerity. There is no easy way, and no free lunches you can buy with money printing. - How's the weather in Bali?

You are practicing sound tactical strategies, consolidating where needed, averaging down as per your experience. However, my experience is guiding me somewhat differently. I have abandoned the multivariate approach and focussing on one solid parameter that cannot be embodied numerically (although idiots in the city and wall street attempt to do it, and call it the Vix). The parameter is endemic uncertainty and fear. When a market is driven by easy money not fundamentals, and when governments start cooking the books because they ran out of ideas, and they can only resort to one tactic (easy money) to solve a banking crisis that is not at any conclusion, it seems to me that no one knows what the deuce they are doing, so expectations are dimmed by short term speculation. On that basis, £22 seems appropriate. Good luck with your trading.

Is this a 'real' bounce, or a fake one? To me (and this is only my opinion) this so called 'market' is setting itself up for a correction, justified or not. It's how these idle,useless, functionally mediocre traders make their living, in lieu of creating real wealth. Sooner or later, financialization will dig its own grave. Still holding out for the £22.