The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Strong hold! Or hold because my share holding and value has dropped to £330 and it’s better to see if by miracle this does recover than sell. A successful company doesn’t borrow a further 660k to keep the lights on by diluting it’s Shares ‘again’. 15 years ago my portfolio was packed full of penny share companies with big ideas like this, so I’ve been there and seen the signs many times…. Some of you guys will be artificially trying to talk this sinking ship up for financial gain, some of you (like I once was) just block out clear signs of a failing company as it looks like a bargain, but as per my original point it is not a ‘clear buying opportunity’ as some were suggesting…. and yes no posts for 4 years, but great to be back!
Why are people on here saying it’s a good buy at this level? It’s steadily gone downward since 2019. I strongly believed in this share a few years ago and hoped like everyone else that the big Chinese deal would send it up to £2 and beyond… but the reality is the big deal never came, they’ve run out of money and diluting the share’s once again is just prolonging the inevitable. I’m genuinely disappointed that it hasn’t worked out but am holding as the few thousand I’ve invested has whittled down to a few hundred and not worth selling … but to those calling it a good buy at these levels, literally F off get yourselves a strong coffee and wake up ;-(
lets be honest whilst SAV have resources in the ground that Rio Tinto would be proud of, the chances are that like many small cap miners before them, they will run out of money 'again', the share price will continue to drop and eventually will colapse. I bought in myself at 8p and then 6.5p and have watched them lose 300% in value in the last 6 months, so fail to see how and why you would continue to try and encourage small investors to buy into this investment blackhole or pretend its a good buy 'at these levels'? Happy to hear a balanced response... please dont tar me with the tired old DeRamper brush!
...of losing money on this complete sack of S**t! No matter how many positive RNS's are released this just continues to fall
That is a good appraisal of the situation... I think I have just been hit a few times lately with share issue through stocks I own so am almost paranoid... but as you rightly say they do seem to be going about it the right way and living within their means..
I am a fan of Enegi and have been a holder for a long time... but it does concern me how long a small company like Enegi can fund all this activity without a share issue! Does anyone have any view on how or if this is likely? Obviously with only 125million in issue a share issue would hit the price heavily...
Thanks Scalymirror, what you have said makes sense, it doesn't have the usual hall marks of financial difficulty... fingers and toes crossed our patience is rewarded as I have waited along time for something positive to come out of the Norseman camp!!
Further to the announcement made at 11:45 today, Norseman Gold Plc confirms that is has requested the suspension of trading in its shares on AIM, and a trading halt on ASX, pending discussions with its financiers regarding its operations at the Norseman Gold Project.
Your message made me smile... I bought my first 10,000 Gasol shares at 10p per share! That has to make me the most unluckiest Gasol investor on the planet !: - )) For some unknown reason i have bought and sold allot of shares but always held onto Gasol more through shere stubborness... Incidentally I have bought allot of this stock at the recent 0.40-0.5 lows so hopefully I will be rewarded for my patience... GL and hat off to anyone who has stayed in with this old dog!
Sorry if you have read this already, but Zak Mear reckons that as long as this stays above 1297 on closing then within the next 3-5 trading days we will see 1400+ ... Obviously if southern Europe falls apart in the meantime we can probably kiss that good bye!! but on the face of it there has been a surprise recovery from the earlier lows... GLA Trading aside BG are my pick of the bunch of the Big Guns...
How in Gods name (sorry Lord) has that gone up 2% without anyone buying anything whatsoever today?? Not complaining but funny all the same!
This really is a funny and frustrating stock to own... it jumps 17% on a great aim release yet pathetic volume and then and that was where it seemingly remained allday. I often have to read through old literature to remind myself what attracted me to them in the first place, but I have to say if I wasn't circa 100% down on this 1 I question if I would still be here! Heres hoping for a brighter 2nd half 2011!: - ))
Nice to see ENK bouncing 'hopefully' safely away from the 14p line of support... Extremily low volume but nice way for ENK to end the week..
Just a slightly different take on it.. http://www.proactiveinvestors.co.uk/companies/news/30067/update-european-nickel-making-good-progress-at-acoje-nickel-project-in-philippines-30067.html
... I really appreciate you outlining that for me, that is useful information. ENK appears to have paused for breath today... but hopefully as you say the forestry permit and indeed 30p + are not far away... have a good weekend..
... if there is an RNS in the offing? Or is this tasty little rise just a general Bullish-upswing?
....at 17.25 off the back of words from the bear raider Evil Knievil as well as some of my own research... probably not the greatest time to by piling further into commods but this seems like a stock with high prospects.
Cadogan Petroleum (CAD): News of director share buying at Cadogan ties in with the shares finding support so far at the floor of a rising trend channel in place on the daily chart with its floor running through 40p. The impression here is that while there is no weekly close back below the floor of the near term channel the upside for the shares should be towards at least a retest of last month’s 55p resistance zone, on what is still a very bullish looking chart.
What a horrible looking downward trend on the daily chart! I cannot understand why this stock isn't flying allot higher... not just being clumsily bias, but this genuinely is a real quality outfit with excellant year on year beating production and profit figures..