Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Looks like that one worked out ok over the year, not a bad place to be in comparison to this years fallout because it had already fallen
Just looking at http://www.petrelresources.com/investor/reports.aspx
5m big, might be a similarly lost penny share with reasonable prospects for the price.
They been around years, anyone heard of it before?
ARM was a good one to buy over the last 3 months, nice choice
I thought it was fair value at 200 in 2009 but not when its consistently growing, the market always rewards reoccurring growth with a high price. Still seems expensive
China turns down the united Euro bond fund 'opportunity' Negative for market I think
Big Chunky page of data & links on CNR
Just looking at http://www.petrelresources.com/investor/reports.aspx
5m big, might be a similarly lost penny share with reasonable prospects for the price.
They been around years, anyone heard of it before?
ARM was a good one to buy over the last 3 months, nice choice
I thought it was fair value at 200 in 2009 but not when its consistently growing, the market always rewards reoccurring growth with a high price. Still seems expensive
China turns down the united Euro bond fund 'opportunity' Negative for market I think
Big Chunky page of data & links on CNR
Last edited:
All subjective.
I've been kicking about in CNR since the 2p days (thank god, it's how I clawed back my MTA losses), I think general consensus is around the 6-7p mark. Sadly for you (sorry!), I'm hoping those days have passed with the developments and news to come.
So long as you've done your research, and you're happy with the fundamentals then go for it. Take this with a truck load of salt, but some people have done fag packet calculations to projected prices upwards of 20p (some even go to the £1 mark lol) when they hit the 2 million JORC figure.
Condor flew earlier this year, every chance they'll do it again but every chance the market will change or they'll miss the target. AIM is a fickle tart.
From memory my cnr average is around the low 6's. I've done a few buys over a 16ish month period, a couple were when it was flying high, I. don't see it as too much of an issue if you believe they're going places. It's the market (and indeed CNR) that could screw it up for us all......... stating the obvious I know but its happened before and will happen again with aim listed company.
I remember people saying desire were good for £4-£5... hows that idea working out
. I lost out on them as well to be fair so I take my chances where I can
My 2p.
I remember people saying desire were good for £4-£5... hows that idea working out
. I lost out on them as well to be fair so I take my chances where I can My 2p.
Caporegime
- Joined
- 11 Mar 2005
- Posts
- 32,224
- Location
- Leafy Cheshire
I got in at 9p expecting to double my investment, didn't work out so well, kept hold of my initial buy and i've averaged down to around 7p.
BOR & FOGL looking good the last couple of days, excitement building for the next big FI discovery? I do hope so, my plan was to de-risk before spud as much as possible. Got in at 43p so looking good so far. Just hope its not a pump and dump or I'll be wishing I'd have sold out now.
Generally looking good however the majority of my portfolio is in RRL and that's where most of my hopes lie. Not too fussed about Georgia and a duster is more than priced in. Would just be nice to get the official duster RNS out of the way if thats the case as the negative sentiment seems to be clouding the excitement of a historic Puntland spud which is only weeks away now.
I don't expect to hear any news regarding this spud as security seems to be the main priority over there.
Having got in at 9p Aprils rise into the 20's seems like forever now, but I'm still optimistic there are more things to come from this company. I'm more excited about Trinidad at the moment and the upgraded reserves.
Add onto that the expected sale of Texas assets some time next year, plus the fact they've just announced a significant find over there, which should/might be offered as a special Divi then I'm more than happy to wait for everything to come together.
If anyone fancies a high risk/reward punt then I'd go for RMP. Georgia drill not looking favourable at the moment but their share of a successful Puntland drill will result in a hell of a lot of return!
Generally looking good however the majority of my portfolio is in RRL and that's where most of my hopes lie. Not too fussed about Georgia and a duster is more than priced in. Would just be nice to get the official duster RNS out of the way if thats the case as the negative sentiment seems to be clouding the excitement of a historic Puntland spud which is only weeks away now.
I don't expect to hear any news regarding this spud as security seems to be the main priority over there.
Having got in at 9p Aprils rise into the 20's seems like forever now, but I'm still optimistic there are more things to come from this company. I'm more excited about Trinidad at the moment and the upgraded reserves.
Add onto that the expected sale of Texas assets some time next year, plus the fact they've just announced a significant find over there, which should/might be offered as a special Divi then I'm more than happy to wait for everything to come together.
If anyone fancies a high risk/reward punt then I'd go for RMP. Georgia drill not looking favourable at the moment but their share of a successful Puntland drill will result in a hell of a lot of return!
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Im surprised I get asked when I sold a bit at 7p.
It does look like it could make a decent run though its never simple Iam positive on gold price at the moment.
That has held strong, despite the falls its an incredibly healthy market compared to any others
Cost of production for CNR seems significant unknown and the market prefers certainities. Even Wales has a gold mine its just that it costs $1600 to mine an ounce as its special stuff mixed with copper apparently. I predict it'll reopen one day
So lets say CNR is not cheap, 1k an ounce. Start ups always have that anyway and we'll take 1600 GLD price not 1777
So I wonder if its fair to then say 1 million ounces is 600m of resource making the 50m market cap a bit wrong though they'll need financing, thats why Marquire is involved in the shares at 9p
They issue more 9p shares soon apparently to part pay for their latest purchase, like 300k worth
Chart wise 12p is a continuation of the positive trend we had at year start. 6p was a decent base line I saw a few times though it doesnt have to hold. Recently it was reluctant to drop that far maybe a tell of these gains now
If 16p is fair for RRL on any good news (it continues to be unpopular) then for CNR its much harder to say but 8 or 9 then 12 as the best I would expect without some big change. If gold went to 2000 now, that'd help
Downside 7.25, breakout level, 6.29 positive trend and below that would match much disappointment somewhere. At 8.8% spread I dont think this share price is competitive or true exactly, I hope its real price is at least double
Sold some CNR bought VGM
It does look like it could make a decent run though its never simple Iam positive on gold price at the moment.
That has held strong, despite the falls its an incredibly healthy market compared to any others
Cost of production for CNR seems significant unknown and the market prefers certainities. Even Wales has a gold mine its just that it costs $1600 to mine an ounce as its special stuff mixed with copper apparently. I predict it'll reopen one day
So lets say CNR is not cheap, 1k an ounce. Start ups always have that anyway and we'll take 1600 GLD price not 1777
So I wonder if its fair to then say 1 million ounces is 600m of resource making the 50m market cap a bit wrong though they'll need financing, thats why Marquire is involved in the shares at 9p
They issue more 9p shares soon apparently to part pay for their latest purchase, like 300k worth
Chart wise 12p is a continuation of the positive trend we had at year start. 6p was a decent base line I saw a few times though it doesnt have to hold. Recently it was reluctant to drop that far maybe a tell of these gains now
If 16p is fair for RRL on any good news (it continues to be unpopular) then for CNR its much harder to say but 8 or 9 then 12 as the best I would expect without some big change. If gold went to 2000 now, that'd help
Downside 7.25, breakout level, 6.29 positive trend and below that would match much disappointment somewhere. At 8.8% spread I dont think this share price is competitive or true exactly, I hope its real price is at least double
Sold some CNR bought VGM
Last edited:
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
That was a nice close and good volume. Spread came down to 2% at one point with a 8.5p sell which makes me optimistic this may hold some
Even VGM managed a gain with the gold price I think. Some report gives detail on their losses
Sold a bit more CNR and bought Lloyds, lowest prices ever and results soon
Barc ex div Wed
Even VGM managed a gain with the gold price I think. Some report gives detail on their losses
Sold a bit more CNR and bought Lloyds, lowest prices ever and results soon
Barc ex div Wed
Last edited:
Soldato
- Joined
- 8 Oct 2008
- Posts
- 2,688
- Location
- Hull, East Yorkshire
How much would 131 grams of 9/18 carat gold be worth roughly?
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
31 grams is about an ounce I think so thats a fair old whack
1 sovereign has about 1/4 an ounce of gold and goes for upto 300 recently. Victorians used them as pound coins as such they are free of any taxes
Gold is doing very well, higher then I expected and up 2% so far also oil
1 sovereign has about 1/4 an ounce of gold and goes for upto 300 recently. Victorians used them as pound coins as such they are free of any taxes
Gold is doing very well, higher then I expected and up 2% so far also oil
Soldato
- Joined
- 8 Oct 2008
- Posts
- 2,688
- Location
- Hull, East Yorkshire
How does a quote of £1000 sound for 131 grams of gold? Apparently he wants to buy it and he makes a £130 profit. Everyone is going gold crazy.
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
9/18 carat gold is much less then 24ct I wouldnt sell gold in general, is there a desperate need for cash.
Get a few quotes, I wouldnt know about dealing jewellery but if its just melt value then they wont give the market or spot price
18/24 of 131gm is like 3519 but you wont ever get that much unless you know how to smelt gold yourself
9/24 is 1760
Seems like you could do better but I dont know the mark downs for 'cheapy' gold. 24ct is the pure stuff that central banks use
Theres not likely to be a great rush of demand for sterling which makes gold a fair bet imo
They not raising rates they are printing more money which has a kind of pendulum effect I reckon where prices will rise much more later and I presume that also means higher gold priced in pounds
With good reason. Market is very strong in gold because of extreme instability in currency.
So in the last year we gained 33% and its possible next year also. The fact that gold never falls more then it previously gained seems like a no risk bet
Market cap of 119 for this gold producer :
Get a few quotes, I wouldnt know about dealing jewellery but if its just melt value then they wont give the market or spot price
18/24 of 131gm is like 3519 but you wont ever get that much unless you know how to smelt gold yourself
9/24 is 1760
Seems like you could do better but I dont know the mark downs for 'cheapy' gold. 24ct is the pure stuff that central banks use
Theres not likely to be a great rush of demand for sterling which makes gold a fair bet imo
They not raising rates they are printing more money which has a kind of pendulum effect I reckon where prices will rise much more later and I presume that also means higher gold priced in pounds
With good reason. Market is very strong in gold because of extreme instability in currency.
So in the last year we gained 33% and its possible next year also. The fact that gold never falls more then it previously gained seems like a no risk bet
Market cap of 119 for this gold producer :
Last edited: