Member Info for Shurething

Just a comment. Don't know why either.

I am cautious about this. Perhaps, if their high pressure heap leaching technology is a world-beater and they hold the IP, they will get taken over by someone to poach the technique. However, heap leaching is a common on-site extraction technique (though less-so for Ni), and therefore difficult to patent specifically, and difficult to keep secret. Enthusiasm of others may prove me wrong.

As people go down the pan this company benefits. I can see their potential but it for me is on a par with animal testing.

The current price is 2/ 2.5p.

Stay out if you are on short-term. However, these look to me like a good recovery stock for the medium to long term.

I said this morning that I thought they would go up today and tomorrow. The reason was that it is surprising that anyone should be liquidating stock in significant chunks at prices below 3p. We don't know why they were sold - perhaps hedging, perhaps someone needs the cash to buy themselves out of something else. Perhaps they are just MM transactions. They could go either way tomorrow.

An interesting one. I wish I was that good at guessing the board and all their circumstances, and current incomes. It is clearly a fine one. Their price wouldn't have dropped so much had it not been. I was fortunate enough to buy lots below 1 p, and over one third of my total holding below 0.5p, and hedged by selling a portion at between 2.1 and 3.17 p. I always do this if I have enough stock to make it worthwhile. I am now sitting on just under ten grand's worth, and like Jamesslater these are (in my case almost) free. However, I shall not buy until the crucial month's end is out of the way - i.e. until they start showing significant gains again (hopefully). This company, according to someone who did business with them (big-time), has been stalked since 2002. If there wasn't a problem with bank liquidity I think they would be a cert, but there is always a nagging doubt. I am holding, but I would not suggest buying. I was out most of today in the big smoke, so missed the big chunks sold off towards the end. I suspect someone else is hedging, but they probably are none the wiser (hopefully). Sorry I cannot be more helpful.

Nice comment! Funny how some come out with deramping comments but without qualification. Perhaps they have just sold, or wished they'd bought, in which case this should be the qualifier! After all rampers usually make comment because they have bought and want the share to go up!

A small stream of chunkyish sales have gone through and knocked price. Just come out of auction period and are at 2.6/ 2.9 p. Lesson? If you do sell shares like this don't sell 100,000 chunks. Brokers are too nervous and will do it only at big discount. Several on the trot will knock price. Panickers! Patience is preferable.

Yes, I think they will continue up today and tomorrow at least. Grossly undervalued (unless they go bust), and shortage of stock I suspect.

For those who did not notice, or read, recommendation on Clipper Windpower on Friday. They have a big spread, but you can buy and sell within it, and they are moving the right way. A good medium-term investment (for me that's about a month!).

I think these may well settle at 2.5S and 2.75 B. The signs are there. More buyers should then come in tomorrow.

I seldom pay any attention to individual facts, they are merely a snapshot of a particular element of a company's activities. Rather, get as much info. as you can on a company and concentrate on a sector you know something about. Just dabble with other sectors. We all get it wrong from time to time, but at the present it is easier to make money because shares have been undervalued. Ennstone might seem in a mess because of the big debt burden and a decline in orders. However, there are many positives and these are cumulative. You can also play the markets statistically - take Uniq, Hogg Robinson, Taylor Wimpey, Aurora Russia as examples that have crept up in smaller increments. But guessing when to sell is probably more difficult than guessing when to buy, and all risers - no matter how they have risen, are vulnerable to price retrenchment.

You have every right to retort Steve. There is no need for people to be rude, especially IF they have made a killing. They should be full of goodwill. Now, how do they account for that!!! (pun intended).

Also .... it is a 'F*** OFF' signal to potential hostile bidders that ENN can survive by selling off peripheral parts of their asset pool.

I agree ftse, but the difference between ENN nad others is that their debt mountain was self-imposed by expansion - i.e. buying quarries and plant, in Scotland, Poland and the USA. They might have overpaid for some, but they can also sell, if they need to, and take the cash in foreign currency which has strengthened against the pound. Also, ENN are producing good income in the UK. A lot of worries about something which is happening time, and time, and time again in the minerals world. I would think half the small cap metal exploration companies have NO MONEY and NO SIGNIFICANT ASSETS, yet many are still trading because if they are on AIM they do not bear the same scruting as a medium-sided company like ENN. Should easily move up to 5p in next week or two.

Bid 2 p, offer 3 p - live price. Don't like big spreads.

I don't think the main problem is revenue. I have already posted several examples of construction projects within a stones-throw (almost!) of Breedon Quarry. Their main problems are short-term cash flow and their borrowing, but with Barclays on board and with interest rates so low ENN might be able to renegotiate their banking facilities. Corporate borrowing is usually done on fixed interest above base rate, but new loans could be taken out to pay off the old ones. Perhaps this will be part of the solution.

Look at Dyson Group annual report for last year. Note two things specifically: Net assets (38 million) and profits before tax (6 million). If they do get an offer, it will surely be for 50 p plus. Negociation would be a struggle, but the SP should rise or remain in the 20's.

The Donington upgrade is to take place over the next 14 months. It has just been announced on BBC East Midlands!