Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think that this is because Gustav has only landed as a Cat 2 hurricane. It will be interesting to see what happens when Wall Street re-opens tomorrow.
The £20 loss on DGO didn't really hurt too much as it was part of a binary bet with MPI which had generated more profit. Fortunes of war and all that! I am not however sure about DGO being ready to head north just yet. I am torn between expecting to see oil come close to $100 per barrel before Xmas and the fact that investors are going to be coming back into the market about now. It would also be easy to put another interpretation on the rise that people were betting on a "Gustav effect" earlier in the week which made the SP increase. I effectively bet that this had happened and that the storm wouldn't be that bad. .... Well, looks like I got that one wrong!!!! I had been watching HOIL myself buy also as a potential short. Looks like you'll have a big smile on your face about that today anyway! Can't work out why the !huge! increase though. In general terms I will be waiting just a little while until we can see the SP's of the oil companies come up through 30 day highs before going long "with conviction".
I did, but not soon enough! Cost me £20! Beans on toast all round this weekend. ;-)
The candlestick pattern of the past 10 days looks like a short term shorting opportunity so I opened one @ 310.
You could consider opening a short!
The drop is because they appear to have given up on testing for the much larger market of breast augmentation surgery which failed last time.
Staying out just at the moment. If Gustav misses the Gulf of Mexico / causes little damage, I can see this heading south again.
About the same time as me then! I find that future SP is difficult to predict at the moment as it is dependent on so many factors; * The fortunes of Nymex sweet crude which isn't forecast to bottom out until Dec 2008 * Impending RNS's * Investors coming back inot the market (from holiday and generally) I suggest that you just keep watching the graphs for a bottom to appear. I certainly wouldn't rule out you gettting a lower entry point than 280.
If you take a look at the SP graphs, DGO was on a downward trend in line with other oil companies until about 2 days ago when it turned up in anticipation of the results. I think a lot of people (including me) just saw this as an opportunity for a short term punt. I was debating holding but bailed when the SP started to plummet from the 370 high.
Going like a bleeding rocket!
Past 355 now!
Now trading around 340. I'm sticking for the moment!
Difficult to say, but since they are already up 20ish percent over the last few days I am not expecting a huge rise today. Some are already taking profits, but I think that they may be a bit premature in doing so. I will be keeping a close eye on the SP as well as the price of oil throughout the day.
Try looking at my series of posts just below yours!!!!!!!!!!!
Oh well! That b*ggers up any chance of a gold pour update this month then!
There was an RNS on gold poured around this time in the month in May and July, so I am hoping for one next week. If they get close to 8000 ounces poured for the month then I would expect to see some decent movement in the SP, but I'm certainly not expecting anything like 6p until the dispute over the shares has been settled. For what it's worth, I suspect that someone in RVD / TMP whispered some placatory words into Mr Berukoff's ear over the last couple of days and convinced him to agree to keep relatively stumm for the time being.
RNS Number : 4325B River Diamonds PLC 15 August 2008  AIM: RVD River Diamonds Plc ('River Diamonds' or 'the Company') Result of Annual General Meeting River Diamonds announces that all the resolutions proposed at the Company's general meeting held today were duly passed. One of the special resolutions proposed at today's meeting was to change the name of the Company to Vatukoula Gold Mines plc and accordingly the Company's shares will trade with this new name and the EPIC 'VGM' from Tuesday 19 August 2008. Enquiries: River Diamonds plc Hichens, Harrison & Co plc David Lenigas + 44 20 7016 5100 Dave Paxton + 44 20 7382 7785 Kiran Morzaria W.H. Ireland Limited Parkgreen Communications David Porter + 44 20 7220 1666 Louise Goodeve + 44 20 7933 8792 James Joyce Sue Scott This information is provided by RNS The company news service from the London Stock Exchange END
Very cheap yes, but for a reason! The fortunes of tyre manufacturers generally follows the fortunes of the automotive industry, which is going through a bad patch like everybody else at the moment. Nonetheless, I agree that they are very cheap at present.
If it looks as if there will be a protracted legal wrangle between Berukoff and TMP with RVD caught in the middle, I can see that it could indeed go lower until the situation is resolved. Then I think the share price will jump and I just don't want to miss it. I just keep thinking about gold pours!
I bought in at about 4.38 and held. Wisdom in hindsight eh! Nonetheless I am still fairly happy that it will all come good in the end!