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NXR

Has had a great run in the last year or so 5p to 25p
i guess the hope is it can get back to the glory days of when it IPO'd at 80p odd
I don't know whether that is likely
I think it supplies shower units for residential properties so it should be beneficiary of any house building rise and house price bubble ?
It is quite normal after a strong rise for some profit taking. I guess it will be affected short term by worries about Interest Rate rises to damp housign market activity ?

big.chart


big.chart
 
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s28 said:
big.chart
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Missed the low 60's sale today, that might be enough to retest that as the breakout level. Will be looking to top up more when momentum positive again. I will take that to be when MACD is back over the par line. No idea what it means but it tends to works for momentum/swing traders.
 
asifp said:
been a red day today.

Atleat Share Prophets came out with a good article about my second biggest holding (BMN)
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i am never comfortable with when ceo of a company decides to use your cash to buy another of his companies....
 
Eagle_Eye said:
i am never comfortable with when ceo of a company decides to use your cash to buy another of his companies....
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fair point. To be honest I have realized AIM is just dirty business, I should have gotten out when I was 20% up, not am 30% down, just hoping to break even and bye bye!
 
GCM - some excitement on other BB's tonight as it looks as though Sheikh Hasina will make some decision or other on the National Coal Policy. Still not the final decision on the Scheme of Development go-ahead GCM are waiting for but at least it may be the start of some serious consideration of the project. My worry is that because Hasina and her Government were elected in a sham election they don't really have democratic mandate to give approval anyway. What gives me a bit more faith is the chart is setting up nicely and Griffiths buying suggests the 'friends & family' have been alerted to get in.

http://www.discussthemarket.com/gcm-stream
 
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GCM anyone who wanted to sell would surely have sold out by now ? Should leave a solid shareholder base who understand the machinations of Bangladesh politics and so will hold strong now political momentum seems to be swinging behind the project ? Well we will see on February 6th.
 
s28 said:
GCM anyone who wanted to sell would surely have sold out by now ? Should leave a solid shareholder base who understand the machinations of Bangladesh politics and so will hold strong now political momentum seems to be swinging behind the project ? Well we will see on February 6th.
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I heard about this stock late last year, did not go in due to Bangladesh stuff.

Worth a punt now?

On the other hand the lucky buggers that had stock in AMED. It has been tipped once on the SULA boards, but I never paid much attention!

Looking like a decent day for the markets today
 
GCM it has previously traded as high as 900p per share. At 19p the risk reward certainly looks favourable. You can even buy below the 20p the big Malaysian investors paid recently.
 
IKA as I suspected, tried to buy and no stock so this looks a false drop
 
S28 I need to listen to you more. GCM is just flying!

I want to sell out on my 3 yuck investments (KDR, SOLG and MWA).

Maybe your next tip!
 
IKA they are trying their best to hit confidence but it is simply a detest of 60p so the more 60p holds the greater confidence I have that technical reading is correct. Unlimited upside above.

GCM this has done 100p+ in a day previously. All time high 900p.
 
s28 said:
IKA they are trying their best to hit confidence but it is simply a detest of 60p so the more 60p holds the greater confidence I have that technical reading is correct. Unlimited upside above.

GCM this has done 100p+ in a day previously. All time high 900p.
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I thought about dipping in but I did not think it go to 100 percent.

My fear is that right now its all on speculation and no news has been confirmed.

If tomorrow's news is not positive (who trusts politicians!) or there is no RNS this could come crashing down again.

On the other hand if new is good it can keep on shooting up, however on AIM what I have seen is that as soon as news hits, people sell!
 
You can't sell if you don't own and I don't think GCM is that wideley held. Which is why you get a 100% move on 'nothing'.

I think it can do 200%+ on 'something'.
 
GCM There is still only speculation at this stage. However a former GCM employee who writes on one of the BB's has said that his 'media contact' is suggesting the Bangladesh Government are convinced on coal and open pit mining now. This has always been a binary play on whether the leader Hasina or Khaleda gave the go ahead. If the value is either 0 or £10 per share at the moment the market is saying there is only a 3.6% chance of either of those ever saying yes ?

Hasina is apparently at Energy Ministry right now so could get substantive news at any time today.
 
GCM chartwise 40p looks like short term resistance. I think it has gap up potential between 40p and 100p.
 
s28 said:
GCM There is still only speculation at this stage. However a former GCM employee who writes on one of the BB's has said that his 'media contact' is suggesting the Bangladesh Government are convinced on coal and open pit mining now. This has always been a binary play on whether the leader Hasina or Khaleda gave the go ahead. If the value is either 0 or £10 per share at the moment the market is saying there is only a 3.6% chance of either of those ever saying yes ?

Hasina is apparently at Energy Ministry right now so could get substantive news at any time today.
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So its bascially worth a punt, cause on good news this could 10 bag
 
asifp

I think it has huge potential. It has been all time high of 900p so more than 20x current price. I am happy to buy more as the story develops. I am thinking of topping up today at 40p if it breaks and holds that level as it can and has previously gapped up quickly in between the 40-100p level. Have set up google alerts as well so I can react to any news stories on Bangladesh coal today.
 
s28 said:
asifp

I think it has huge potential. It has been all time high of 900p so more than 20x current price. I am happy to buy more as the story develops. I am thinking of topping up today at 40p if it breaks and holds that level as it can and has previously gapped up quickly in between the 40-100p level. Have set up google alerts as well so I can react to any news stories on Bangladesh coal today.
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thanks. Am still waiting for the feeling of taking profit out of a stock.

got burned on SULA so bad, was up 100% and then didnt cash out, since then too worried to buy on a big spike.
 
It will change intra day. These are Asian politicians and Asian women politicians !

There are other stories headlined more positively.
 
Carnage on GCM now thanks to Hasina's comments. I feel for those caught on the spike.
 
Eagle_Eye said:
Is this the death knell for GCM then?
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Its done this before. As s28 points out, this share was much higher just a couple of years ago (300p+). Its all in the sentiment.

GoB buys in expensive coal from India rather than develop its own resource. The official reasons given for this is local opposition to open mining, though everyone knows it is the large envelopes from Delhi that are probably more relevant to the decision.

At some point, this will have to change. The question is not if it will happen; rather if GCM will still be in place when it happens.
 
I agree Jaspa but its not sustainable for GCM... almost 10 years since this saga started.

Maybe the best way to get this through is get a JV with Indian company but then if Zia comes to power then that will have been a negative.

GCM somehow have to get throught to the locals and gain their support.... legally binding percentage of profit sharing with the affected for a set period of time.

I am thinking of how they built Mangla Dam... Entire city of Mirpur and it surroundings had to go under water, they resettled locals with lands in Punjab (dist Gujrat) and provided them easy visas to work in UK...It transformed the fortune for the locals.
 
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I think JV with GoB having 50.1% is the only way that sign-off can happen in the next few months. But GCM would be foolish to grant controlling interest to a Government that actually ranked worse than even Pakistan in the transparency league table. Impasse.
 
The retail punters in GCM not happy about Hasina comments last night about 'food>coal' but the country is building coal fired plants, expert committee who wrote National Coal Policy are broadly for it and media likewise. The IWM Institute of Water Modelling report which would make comments and recommendations on mitigating coal mining effects on agriculture is pending. IWM wrote the hydrology report in GCM's initial feasibility study so should be in favour. The GCM plan would actually deliver reliable potable water to the area for irrigation etc
 
I think gonna be a slow Friday, people enjoying CapeTown after the big conference!
 
PVCS - tipped as one of the Investors Chronicle Bargain Shares for 2014

Bargain Shares 2014

Benjamin Graham, the father of value investing, once said: "If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth, or are glamorous for some other reason, it is logical to expect that it will undervalue - relatively, at least - companies that are out of favour because of unsatisfactory developments of a temporary nature. This may be set down as a fundamental law of the stock market, and it suggests an investment approach that should be both conservative and promising." And that, in a nutshell, is what our bargain portfolios are all about.

http://www.investorschronicle.co.uk...in-shares-OISP3DqvD3NTgSdpcP5ACJ/article.html
 
XTR

Jan Nelson, CEO said: "Having completed our detailed due diligence we are excited at the opportunity these projects in Chile bring.* In particular that the Chepica gold and copper mine has the potential to deliver near term production and cash flow. Having an operating mine that generates cash flow puts us in a strong position, particularly at a time when access to capital is difficult.* We are also looking at opportunities to consolidate further production from smaller operators surrounding the Chepica project.* As outlined, whilst the Mejillones Phosphate property needs further work, we believe it could be developed into a world class phosphate deposit.*
*"The board is focussed on developing production and cash flow with the longer term objective to become a *dividend paying stock."
 
pretty interesting week comes to and end (Thansk to COM and GCM) for the entertainment. My portfolio is still in the gutter

KDR down 30%
SOLG down 30%
KDR down 30%
SULA down 40%
BMN down 25%

FCR up 25%

need to get out of mining stocks. Going forward no more than 40% in mining and no more than 10% in one stock.

AIM is funny, just 3 weeks back I was up 10% overall thanks to SULA, not just a waiting game
 
Mining stocks are generally a derivative play on China which is trying to 'rebalance' it's growth. In general it is probably not the best place to invest whilst China tries to engineer slowdown and rationalisation of many of its inefficient industries. I'd only go for mining stocks with strong stock specific catalysts and where they have a ready market for their commodity even at much lower prices and where China is still short even in a lower global demand environment.
 
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IKA news not significant in and of itself but it seems they want to keep the pot boiling which makes me think more significant news on the solid state battery partnerships could come sooner rather than later (albeit these would still take months rather than weeks to conclude I suspect given time it takes to dot i and cross t's in commercial negotiations).
 
s28 said:
Mining stocks are generally a derivative play on China which is trying to 'rebalance' it's growth. In general it is probably not the best place to invest whilst China tries to engineer slowdown and rationalisation of many of its inefficient industries. I'd only go for mining stocks with strong stock specific catalysts and where they have a ready market for their commodity even at much lower prices and where China is still short even in a lower global demand environment.
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As I have learned!

Some expensive silly mistakes, any ways now hoping things do change.

Shoyukd have sold SULA and bought COMS/QPP as my gut had said!
 
COMS and QPP are momentum stocks which will come unstuck in a big way at some point. You won't want to be holding those when the music stops.
 
jaspa888 said:
I personally know some of the senior guys behind COMS. And I totally agree with s28.
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Whats your view on coms and management? Got more legs or is about to get stuck?

They released the dilution/aquisition news after market close on friday! Wasnt very impressed with that.
 
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Buying Shares?

Without making any libelous statements, let's just say I am not impressed with their recent acquisitions!
 
IKA news almost every other day at the moment

They want warrant holders to convert ? Would raise £5m
They might do a placing ?
They might be 'in discussions' with a partner wanting a stake ? It might make sense for an early adopter partner to want an equity stake if they can't get exclusivity at least they could participate in financial upside as they help establish IKA's science ?
 
MWA Interesting news re Zimbabwe forcing Platinum miners to beneficiate their platinum in the Country. MWA's existing albeit mothballed Nickel Smelter and Refinery could be brought back into production much cheaper ($200-300m?) than the cost of a brand new Platinum refinery ($1bn) and can be modified relatively easily to deal with Platinum.

http://www.southerntimesafrica.com/...o-mineral-beneficiation-push---/#.UvtBx_l_tIE

Mwana Africa is currently holding discussions with Impala Platinum, which owns Zimplats, Aquarius which mines at Mimosa and Anglo American Platinum’s Unki mine in Zimbabwe to invest in expanding the capacity of the smelter to refining platinum matte.

“What we are saying to the government of Zimbabwe is that people shouldn’t be allowed to export concentrate while that capacity is available inside the country.

“We believe we can restart our smelter at a relatively modest cost, and utilising the excess capacity that’s inside the country is in line with the government’s objective to beneficiate locally,” Mpinga told journalists on the side lines of the Mining Indaba in Cape Town.
 
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s28 said:
MWA Interesting news re Zimbabwe forcing Platinum miners to beneficiate their platinum in the Country. MWA's existing albeit mothballed Nickel Smelter and Refinery could be brought back into production much cheaper ($200-300m?) than the cost of a brand new Platinum refinery ($1bn) and can be modified relatively easily to deal with Platinum.

http://www.southerntimesafrica.com/...o-mineral-beneficiation-push---/#.UvtBx_l_tIE

Mwana Africa is currently holding discussions with Impala Platinum, which owns Zimplats, Aquarius which mines at Mimosa and Anglo American Platinum’s Unki mine in Zimbabwe to invest in expanding the capacity of the smelter to refining platinum matte.

“What we are saying to the government of Zimbabwe is that people shouldn’t be allowed to export concentrate while that capacity is available inside the country.

“We believe we can restart our smelter at a relatively modest cost, and utilising the excess capacity that’s inside the country is in line with the government’s objective to beneficiate locally,” Mpinga told journalists on the side lines of the Mining Indaba in Cape Town.
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Good stuff.

Any views on Stellar Diamonds? Few people mention that on the boards today saying they had a great RNS
 
CPX is one I am watching expecting some good news in the next few weeks/months.

IKA likewise.

With both I like the fact they could have very exciting news but you can buy in lower than or at similar level to what major investors bought in at.
 
Salaam Everyone

First time im posting, I found the below at an share chat forum, thought may be useful, disappointed regarding GCM, hopefully Pakistan can help there people

http://www.thefinancialexpress-bd.com/2014/02/13/18525
ISLAMABAD, Feb 12 (Xinhua): The Asian Development Bank (ADB) and the government of Pakistan Wednesday
signed an agreement under which ADB will provide US$900 million for a 600 megawatt supercritical coal-fired
power plant, the ADB said.
Pakistan has been facing rising oil prices and declining gas reserves as well as tight foreign account situation,
rendering the reliance on the import of oil to fuel power plants increasingly unaffordable. The country spends more
than $14 billion per year on importing oil, a major part of which goes into power generation.
Chronic power shortages have often caused social unrest, and cost the country about 2.0 per cent of its gross
domestic product growth each year.
ADB Vice President Zhang Wencai, Director General of the Central and West Asia Department Klaus Gerhaeusser
and Pakistan's Finance Minister and ADB Governor Muhammad Ishaq Dar witnessed the signing of the agreement.
"The project will at Jamshoro in southern Sindh province boost low-cost power supply and improve Pakistan's
energy mix. Diversifying to coal will help the country cut down its electricity generation cost, and reduce its oil
import bill," Zhang said at the signing ceremony.
 
Supercapacitors for phones and cars. New form factor and markets so is taking a while to establish their use.
 
AIM is a crazy beast.

other day I was calling KDR a dog and its up 60% since then. MWA was my other dog and its up 25%!
 
Institutions can sell out for any number of reasons. Usually it is a buy signal as they have been depressing the price to exit and everyone has seen them coming/going. In this case it looks like Richard Griffiths took the stock off them so it has gone to 'clever money' (Hedgies/smart investors/insiders) from 'dumb money' (plain vanilla Institutions with little specialism in such small cap growth stocks)
 
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