Soldato
- Joined
- 1 Oct 2006
- Posts
- 13,900
C'mon the CNR. £2 by the weeeknd at this rate. 
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Amongst all the flannel and waffle on the BB's, what do people believe is the next destination for CNR?
Anyone considering taking profit and running for safety? I know I am.
I much prefer the stable utilities with nice divvies, makes for an easier life.
Anyone considering taking profit and running for safety? I know I am.
I much prefer the stable utilities with nice divvies, makes for an easier life.
Soldato
- Joined
- 1 Oct 2006
- Posts
- 13,900
Personally, and this is just my humble one... 215-225 with a couple of dips along the way.
Expect another RNS in the short term, nice rise and a gradual fall off dropping down to 180ish where it'll stay until the new year.
I should expect more and deep down I think it probably will go to 250, but this year has made me very pessimistic about share and the market's reaction to positive RNSs. I live to be proven wrong as always! ORE *cough*!
Expect another RNS in the short term, nice rise and a gradual fall off dropping down to 180ish where it'll stay until the new year.
I should expect more and deep down I think it probably will go to 250, but this year has made me very pessimistic about share and the market's reaction to positive RNSs. I live to be proven wrong as always! ORE *cough*!
CNR is usually a sell on news share. The rns will be out in mid September so I think it will continue to climb till then probably 220-240 (11-12p old money) then fall as people profit take.
However it has been so undervalued for so long and it is getting hard to ignore the real value as the positive rns keep coming. They have to move on an end game sometime. Dig or sell.
The brokers also looking at 230-270 soon as per links above. It just so hard to say where it will settle
Hope that clears it all up for you
However it has been so undervalued for so long and it is getting hard to ignore the real value as the positive rns keep coming. They have to move on an end game sometime. Dig or sell.
The brokers also looking at 230-270 soon as per links above. It just so hard to say where it will settle
Hope that clears it all up for you
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Soldato
I think it could be tied to predicting the gold price instead. 1740 or 50 I think is a reasonable near term target matching previous tops
There is space till 2000 if Euro joins Dollar in pulling itself up by the bootstraps, buying its own bonds it could mean currencies are less valuable vs gold. 2000 is just three previous years extrapolated, so long as the story continues its on course to do that.
The news seems to justify central banks continuing to restock gold, like China was the worlds largest gold producer, now they keep all domestic gold and buy in more. and so on
I lost my main CNR chart, the company went broke. I seem to remember 10 was a fair place and some bank bought at 9p.
Im not planning to sell any, I bought a bit more at 5p but missed the low. I took things like ABG instead which I have then sold again. So I will hold and hope they get taken over, no doubt we loop back and forth.
I will watch for a top in gold first unless we double or triple from here I dont own enough at present. Lots of space in gold still so just waiting, hope the CNR managers keep doing ok
GKP actually looks to be doing good and surely much closer to actual production. It was the ironic sensible choice lol
target 250 nearterm
There is space till 2000 if Euro joins Dollar in pulling itself up by the bootstraps, buying its own bonds it could mean currencies are less valuable vs gold. 2000 is just three previous years extrapolated, so long as the story continues its on course to do that.
The news seems to justify central banks continuing to restock gold, like China was the worlds largest gold producer, now they keep all domestic gold and buy in more. and so on
I lost my main CNR chart, the company went broke. I seem to remember 10 was a fair place and some bank bought at 9p.
Im not planning to sell any, I bought a bit more at 5p but missed the low. I took things like ABG instead which I have then sold again. So I will hold and hope they get taken over, no doubt we loop back and forth.
I will watch for a top in gold first unless we double or triple from here I dont own enough at present. Lots of space in gold still so just waiting, hope the CNR managers keep doing ok
GKP actually looks to be doing good and surely much closer to actual production. It was the ironic sensible choice lol
target 250 nearterm
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Good times. I must have been 60-70% down on CNR at some points, and invested about a quarter of my portfolio in them..
The figures always made sense even when I got in so I'm not really sure why we dipped that low or if it took the consolidation and environment to improve confidence. The boards always blame MMs. Now it's just picking the right time to get out..
The figures always made sense even when I got in so I'm not really sure why we dipped that low or if it took the consolidation and environment to improve confidence. The boards always blame MMs. Now it's just picking the right time to get out..
Condor this week has been incredible and there's still so much good news to come. So glad I sold all my MXP holding (330k shares at a loss of 69%!) and dumped them into Condor last week (100% of my portfolio now, 50k shares at £1.10 average). Big risk but hey, that's how I roll. 
Due to the rise this week I've covered all my MXP losses and am in very good profit now for the first time in what feels like forever.
Roll on 2m+ oz, 800k indicated, PEA, PFS and BFS! Hopefully the BFS is not too far away but I'm not sure how long it will take to get this report out for La India - is Q1 2013 realistic? News of early production will really send this rocketing, I'm sure MC has an ace up his sleeve where this is concerned...
Due to the rise this week I've covered all my MXP losses and am in very good profit now for the first time in what feels like forever.Roll on 2m+ oz, 800k indicated, PEA, PFS and BFS! Hopefully the BFS is not too far away but I'm not sure how long it will take to get this report out for La India - is Q1 2013 realistic? News of early production will really send this rocketing, I'm sure MC has an ace up his sleeve where this is concerned...
Yeah it's a shame about the CGT but I can't complain. It's going to be quite a ride over the next few months and into 2013, I wouldn't want to be out of it!
Soldato
200 top, thats pretty much face value judgement to an emotional rally. I think it'd have stayed closer if we were 10p as that sounds less of a hurdle
My data sucks on CNR, what was the vol yesterday. Higher then this hopefully
More importantly gold is risen strongly again. 1740, here Im more concerned that it should not fall badly
1688 1673 and 1650 to hold in any rebound would be good.
1yr good chart. OBV shows we are in parallel or justified at 170. MFI shows hot money, we are lit up, needs to simmer back down - possibly
2 yr, OBV more flat and we need to hold here with volume and this'll justify higher moves. Vol is not as high as shares highest prices were
6 month chart, the vol is good and we held relatively high to close the week. OBV matches price, you do want to see or it'd not hold high
Ignoring +/- variation in base value or any costs since 2007, Relative to golds rise the share would be 257p
289p if gold gets $2000, relatively guessing
UPDATE 3-Intel cuts sales outlook on weak PC demand; shares fall
My data sucks on CNR, what was the vol yesterday. Higher then this hopefully
Code:
Volume: 811,865
Avg Vol (3m): 126,693More importantly gold is risen strongly again. 1740, here Im more concerned that it should not fall badly
1688 1673 and 1650 to hold in any rebound would be good.
1yr good chart. OBV shows we are in parallel or justified at 170. MFI shows hot money, we are lit up, needs to simmer back down - possibly
2 yr, OBV more flat and we need to hold here with volume and this'll justify higher moves. Vol is not as high as shares highest prices were
6 month chart, the vol is good and we held relatively high to close the week. OBV matches price, you do want to see or it'd not hold high
Ignoring +/- variation in base value or any costs since 2007, Relative to golds rise the share would be 257p
289p if gold gets $2000, relatively guessing
UPDATE 3-Intel cuts sales outlook on weak PC demand; shares fall
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Volcano may affect CNR
http://www.bbc.co.uk/news/world-latin-america-19533933
I make it around 50 miles west of La India mine, could be an issue, could be nothing
Shouldn't make any difference to results due
http://www.bbc.co.uk/news/world-latin-america-19533933
I make it around 50 miles west of La India mine, could be an issue, could be nothing
Shouldn't make any difference to results due
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Soldato
50m is not enough if it blows its top but that doesnt happen most times
VED and CNE are constricted by the Indian market which actually forces price controls so companies sell at a loss, incredible. So commodity shares are more complicated then plain metal but even so I think they too cheap. Also they give interest back, CNE is still below its cash and value of stock in cairn india
http://www.google.co.uk/finance?q=BOM:500900&ei=ZKJMULjjOqL3wAPH2gE
http://www.google.co.uk/finance?q=NYSE:SLT&ei=raJMUOCnEsqYwQO-Aw
http://www.google.co.uk/finance?q=BOM:500188&sq=Hindustan Zinc&sp=1&ei=F6JMUKDFHcGtwAPefw
http://www.google.co.uk/finance?q=BOM:500134
Conventional advice would be to take profits and/or diversify when you can. The whole gold and mining sector is due to rise as it does not reflect profits available from sales at this market price.
VED and CNE are constricted by the Indian market which actually forces price controls so companies sell at a loss, incredible. So commodity shares are more complicated then plain metal but even so I think they too cheap. Also they give interest back, CNE is still below its cash and value of stock in cairn india
http://www.google.co.uk/finance?q=BOM:500900&ei=ZKJMULjjOqL3wAPH2gE
http://www.google.co.uk/finance?q=NYSE:SLT&ei=raJMUOCnEsqYwQO-Aw
http://www.google.co.uk/finance?q=BOM:500188&sq=Hindustan Zinc&sp=1&ei=F6JMUKDFHcGtwAPefw
http://www.google.co.uk/finance?q=BOM:500134
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Soldato
- Joined
- 21 Apr 2007
- Posts
- 6,590
Any of you guys got any suggested reading/what to do and where to start for someone starting off completely new and looking to learn how to invest.
Thanks.
Thanks.