Member Info for shamI89

I am worried about shorts as shorters are not reducing their positions and it means that they know something which we dont.After clln I have learnt to trust shorters as they tend to be right most of the times.These lot have turned a decent profit but cva and consecutive profit warnings have spooked the market.It looks too good to be true and does seem to be really undervalued.

Think ,waiting for results would be a prudent move ,market wont forgive any weak results and shareprice would be hammered.You can take deb and foot as examples.

Contract has not been finalized so dont think 300 million bit is relevant yet.It is on "hold" as they are still gauging the implications that wsg may incur if they decide to go ahead with it.

Has pledged to invest 200 millions in this assets,they must see some value .I would not worry about day to day fluctuations as buyers are still here and shareprice is ticking up.Not long to go now.

Oversold and shorters have to close them shorts.

Would not surprise me if it goes above 20 next week as interest is building up.

Lets see as bounce off 14 is strong enough to convince me that worst is over.They have still posted a profit.

Small buy/sells are moving the price.I would say under these conditions momentum plays an important role and very small buys are sells are needed to change it.It is looking good short-term and has bounced off historical lows.I would be really concerned if shorts dont decrease.

Is not right there,they were due to update market on quarterly production around mid of this month and now with these delays have decided to do so at the end of this month.Current month falls into third quarter,so any production halt would not have affected quarter two figures.It really looked really good when they announced that they are hitting 100% target .Looks like biox system is not working or cant achieve 100% rate constantly and that creates big problem for company which is creating positive cash flow at 50% rate and has to pay off interest and 90 million debt which is still being renegotiated.Deciding to change previously announced date sounds fishy and indicates that bod is fiddling the numbers.

Well, cant rule that out but it would take some time and omi is running out of time.I would love to see it back up and running but sadly I dont see it doing so under this management.

to share price if they dont do any placing tomorrow ?

Their production cost is expensive then price of gold and they are not making any money out of their production, instead they are losing money.I think decision to start producing from vita A was made to lower production cost.It is a gamble.Thier assets in Colombia are world class but building a mine would cost these guys 20 or 30 million minimum.Unless they can get a loan to cover them costs these guys are in big trouble.In order to cover day to day expenses they have to do a placing or take out a loan.

No they dont but here is what you

I think they would as they dont have no other option but lets see

Accounts dont look too bad either but there is no point in fighting market.

Market is going crazy and I wonder where would this stop.I remember asking samething when glencore hit 40s.Are you in it mate?

to burn through whatever little cash they have and soon would be looking to do a placing.They are not making any money out of production as aisc is way higher than current gold price.Grades are really good in colombia but they would need big money to bring that into production and that would take sometime.If price of gold recovers and stays above 1400 then this company would be generating some money.I liked it at one point, but in these years they made money and nearly spent it on exploration

I reckon it should be ok and get back to realistic value by the end of day and next two trading sessions.Connect group would be a good example which was battered by market and it is now nearly 60% up from its lowest ever share price.This one is making a profit and has team behind it with proven track record, so nothing to worry about in my opinion.Very few shares are in free float which is the reason very small number of buys and sells drive the share price up and down.

Due to 6 millions spent on ipo ,overreaction by market.

We are expecting some new NHS contracts but lets see what happens.