Trading the stockmarket (NO Referrals)

Ev0 said:
Wouldn't say I've got balls, missing a few marbles maybe. Like I said, only in for a few quid, bit of beer money.

World seems to be going to rat poop at the moment, if it does markets will be following. My stop is set at break even so won't be losing any money.
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Did you take profit or are you still holding ?

Seems like I was right about 5610 - 5600

randal24 said:
What a depressing day, all stocks on watch list are red. :(
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Happy days for some :)
 
Ev0 said:
Closed out as had enough profit to be happy with. Was only ever a quick punt for a few quid so can't complain :)
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Good man.

I managed a very short short @ 2630 but at a high margin - also a buy @ 2610 again for around 20 points.

Bit risky but I had loses to make up ;)

I'm out for the day but will be back for Wall Street close definitely some pennies to made then.
 
jordan282 said:
RRR down by 3p worth investing you reckon?
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Whilst having not looked into RRR (I don't like chasing shares that have already risen massively), I would hate to see newbie investors piling in and ending up getting burned... Maybe it will continue to rise, maybe it won't.

My advice is: If you have to ask a bunch of strangers whether it's worth investing in a share, don't.
 
For any of you that missed (?) RRR, ECR may well be worth a look.

Takes a good bit of reserach though this one, the value isn't obvious. They have exposure to several projects spanning gold, copper and renewable energy.

Essentially, it's a mining play. It's also likely to be volatile....so not for the faint hearted.
 
ecr losing some gains today. Everything looks low volume in which case the price cant be taken too serious I think.
RRL continues to be weak, back within its old trend I think which means its at its top of its price range now if anything. Pretty strange to me to rise and completely fall back but I guess no news was solid. If it continued at this rate it'd be 10p by dec 2011 :o

no usa trade today and half or basically none tomorrow. This week is a short term reversal and whatever was the trend is set to resume next week apparently

older threads on xel rrl : http://boards.thisismoney.co.uk/tim/threadnonInd.jsp?forum=85&thread=81874&message=274695

29/06/10 at 07:24 AM.
The introductory post to this thread is out of date so I have updated some details below:-

Range Resources - RRL
Company website: http://www.rangeresources.com.au/
Current Price: 5.0p
Shares in issue: 1,027m
Market Cap: £51.3m
Debt: £0m
Estimated cash: £9m (£6m just raised)
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Brasso2 on 18/11/10 at 04:49 AM.
News out in Oz that Georgia could have contigent reserves of 2 billion barrels of oil! Range has a 17.5% WI.

http://www.asx.com.au/asxpdf/20101118/pdf/31tyyx8mzrnj4w.pdf

Georgia

17.5% of 2,000,000,000 = 350,000,000

If it was a P3 estimate then $1 per barrel would be fair value = $350m (£222m)

North Chapmen Ranch (Texas)

12.7 BCF at $4 per MCF
12.7 x 1000 x 1000 x 4 = $50.8m

1.9 MMBO at $70 per barrel
1.9 x 70 = $133m

133 + 50.8 = $183.8 (~£120m)

Total = £342m excluding Trinidad, East Cotton Valley + Puntland!!!

Current valuation at 6p

With Options:-
1,500,000,000 x 0.06 = £90m market cap.
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Proselenes on 18/11/10 at 05:59 AM.
RRL, the announcement says they have 50% of an initial drill ready 6 leads with a prospective oil in place of 728 million barrels.

30% recovery factor takes that down to 218 million barrels.

50% ownership takes that down to 114 million barrels recoverable POTENTIAL. However, none of the leads have been drilled and they all, or none, may have oil.

So if you risk weight that at 30% you end up with 35.1m barrels recoverable as a figure to go with until oil is proven and flow tested in the first lead.

And as it stands now, no oil has been found and no flow testing has been done, so its just "potential" that may or may not turn out to be oil.

And on top of everything its FSU (Former Soviet Union).

If potential turns you on then BPC has bigger figures for potential, however what matters is actually finding oil and actually flow testing it.


Up 5% in Australia (taking mid prices) on the news......sums it up.
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Good news over at CNR today. RNS released and a 16% rise thus far. :)

edit - 20% weeeeee!

Condor (AIM: CNR) is pleased to announce that all assay results have now been received for the trench and pusher-leg rock drill sampling programme of the Andrea vein on the El Rodeo Concession, La India Mining District. The latest results for 8 trenches excavated along a 650 metre strike length of the Andrea Vein returned the highest grade gold intersection discovered to date and delineated two more gold enrichment zones along strike in addition to the one identified from the initial assay results announced on the 7th October 2010.

The latest results are from trenches spaced at approximately 100 metre intervals along the central part of the Andrea Vein, and include the following significant intercepts:

-- 1.90 metres at 6.53 grams per tonne gold in trench ANTR008 (608 metres altitude).

-- 1.15 metres at 1.21 grams per tonne gold in trench ANCT007 (583 metres altitude).

Re-analysis of the laboratory pulps of the high grade samples from trench ANTR008 has confirmed the results.

The trench and rock drill programme undertaken in August and September this year has tested the width and grade of gold mineralisation along a 1,500 metre strike length of the surface exposure of the Andrea Vein by trench channel or rock drill sampling at approximately 100 metre intervals. Seven pusher-leg rock drill holes for 44.3 metres of drill sampling and fourteen trenches for 113.55 metres of channel sampling using a hand-held motorised rock saw have been completed. The remaining 500 metre of strike length at the south-eastern end of the 2000 metres surface expression of the Andrea Vein was not tested in the recent exploration programme but has been previously sampled by Condor by rock chip channel sampling at two outcrops of the vein spaced at 200 to 300 metres along strike. This mineralisation width and grade data combined with gold grade data obtained from chip channel sampling carried out by a previous Canadian explorer provides a sampling frequency comparable with the rest of the vein.

The principal aim of the programme was to define gold enrichment zones in order to target future conventional deep drilling aimed at testing the concept that higher grade gold mineralisation will be encountered at depth within the gold deposits epithermal 'boiling zone'. Almost all of the estimated 575,000 ounces of gold at 13.4 g/t produced historically from La India Mining District was extracted from high grade gold mineralised levels between 200 metres and 500 metres altitude where the gold-bearing quartz veins display textures characteristic of deposition in an epithermal 'boiling zone' such as gingro banding. The surface exposures of the Andrea Vein occur between 550 metres altitude in the southwest and 700 metres altitude in the northeast. By analogy with the rest of the District this is above the 'boiling zone', where gold grades are expected to be lower. Vein textures such as finely crystalline and chalcedonic quartz and abundant bladed textures support this interpretation.
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CNR:

Just reading the RNS properly- what a fantastic update!

Highest grade resources found to date. I think the party is just getting started over at CNR- the JORC conversion next month should be interesting!


All IMO, DYOR.
 
Congratulations randal24- I think this could become your first three or four- bagger in a few months :)
 
Cheers Bes, it's been a while coming and hopefully CNR will be it. MTA wiped out a big chunk of my investment, lesson learned there but with a bit of luck CNR may have the legs to put me back into the blue and beyond. :)
 
randal24 said:
Cheers Bes, it's been a while coming and hopefully CNR will be it. MTA wiped out a big chunk of my investment, lesson learned there but with a bit of luck CNR may have the legs to put me back into the blue and beyond. :)
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Yes I am still nursing the total loss in ROK from it being placed in administration a few weeks ago. A 27% rise in one day here is sure helping though!
 
Just kicking myself slightly on GKP. If I had actually looked yesterday it was a great time to buy or even this morning. 4% rise today should be continued if general pace of gains since July continues.

This illustrates the difference from RRL, GKP has pulled back quite negatively from 200p but only 61% to its prior price of 150 so it matches a share still set to gain.
I may take up a small position but not the investment I could have done yesterday, one thing that makes me think it will not shoot up yet is today and this week is very low volume. Volatility and volume peak at turning points, so soros says

http://img403.imageshack.us/img403/7618/keystone.gif


Same pattern appears in July itself. 20th July low price is 65.97 23rd July high 96.24. 61% retracement gives us 77.52 target. 26th July low was 79 and you know the story since, it rose a lot. It can always fail but theory supports further rises for gkp, need volume to confirm..
 
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Good day for CNR, only have a small holding though. But my SLE have surprised me today, 31% today up to 22p from my 15p buy in.
 
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