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Duster
Posted on: Oct 27 2017, 07:48 PM


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Check here for price in the US

http://business.nasdaq.com/list/Internatio...ithium-ltd.html
  Forum: By Share Code

Duster
Posted on: Oct 26 2017, 11:18 AM


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Good to see you did your homework. I believe there is plenty more upside here.

Hope you’re still holding.
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Duster
Posted on: Sep 7 2017, 12:28 PM


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QUOTE
Piedmont Lithium is an emerging lithium company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina.


http://www.piedmontlithium.com

US listing coming
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Duster
Posted on: Sep 7 2017, 09:04 AM


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Name has been changed, New code PLL

News coming !
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Duster
Posted on: Aug 1 2017, 01:42 PM


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Possibly the last chance to get in at these levels.

Read today's Company Presentation.

US listing coming !
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Duster
Posted on: Jul 22 2017, 09:35 AM


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SENIOR WALL STREET MINING EXECUTIVE APPOINTED AS MANAGING DIRECTOR & CEO

Proposed name change to Piedmont Lithium Limited. (PLL)

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Duster
Posted on: Mar 8 2017, 01:41 PM


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Nice Company Presentation released today. Worth a read.
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Duster
Posted on: Feb 9 2017, 09:21 PM


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QUOTE
Good work lads!


QUOTE
worthy Directors


Can only agree with those statements and await a much higher share price in the very near future.

Many years in the making but about to pay off handsomely IMHO




  Forum: By Share Code

Duster
Posted on: Oct 10 2014, 06:34 AM


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OM,
This is a "proof-of-concept" well and the first well of this type In the Cambay Basin to flow hydrocarbons. It is still on a reduced choke and still cleaning up. I agree, probably not the best flow rates at this stage but It needs more time. As for 5c, maybe, but I've traded this on numerous occasions, from the lows, and believe it's still too early to call. IMO, the sell-off has probably been overdone, on not so negative news and has created yet another trading opportunity.
Cheers.
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Duster
Posted on: Oct 8 2014, 02:10 PM


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Re: options

QUOTE
potential upside in OEX gives good leverage


as with all derivatives, it goes both ways, as was reinforced today. Although I still don't believe the report was that bad but obviously the market does.




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Duster
Posted on: Oct 7 2014, 07:50 AM


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Been riding PCL but out now. Massive turnover recently and could easily go higher from here but I'll wait for a pull-back. Good luck guys, its been a long time coming.
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Duster
Posted on: Oct 7 2014, 07:43 AM


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Still trading this one. Back in <10c and took some options on-board this time as well.

Options possibly worth having a look at, at these levels. They kick in at 15c in the head stock, which I believe we will see again shortly. Sept 2015 gives plenty of time and at 1.4c, the potential upside in OEX gives good leverage. News due any time now.
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Duster
Posted on: Jul 22 2014, 12:12 PM


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Yep
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Duster
Posted on: Jul 17 2014, 08:26 AM


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Up 75% from the lows and looks like going higher. Anyone following WCP ?
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Duster
Posted on: Jul 1 2014, 07:57 PM


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Sellers have all but disappeared and demand is building. Could jump in a big way on news.
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Duster
Posted on: Jun 24 2014, 12:36 PM


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Gap closed. Where to from here ???
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Duster
Posted on: Jun 24 2014, 07:43 AM


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Yemen has politically become a lot more stable in recent times and in fact, Obama cited Yemen as a model, when he sketched out plans last week to send military advisors to Iraq. The World Bank recently announced a US$133.54 mil grant to support the Government of Yemen's ambitious plan to connect the northern and southern parts of the country with a 710 km highway, the largest ever infrastructure project in Yemen's history. This project will play a vital role in the country's transition.
I don't see much more risk in Yemen than many countries in Africa. The market will eventually wake up to the quality and potential size of the Al Hariqah deposit, along with the cost benefits in developing a mine in Yemen. It's been a long time in the making but eventually we will get there....... IMHO of course.
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Duster
Posted on: Jun 23 2014, 07:17 PM


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Still haven't lost faith in WCP but I must admit, my money probably would have been better off elsewhere. There seems to be a little interest over the last week and with a new exploration manager on-site and POG moving north, I'm wondering if things will start to move again. Down a couple of hundred grand on this one but hangin' in there for the long run.
Worth a look at these levels IMHO. Reminds me of another PIR in the making.
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Duster
Posted on: Jun 23 2014, 04:32 PM


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Gap about to close @ 2.3c. Will we get a bounce from there ?
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Duster
Posted on: Jun 19 2014, 05:08 PM


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3c didn't hold, so I'll will wait in line and hopefully pick up some more tomorrow (Friday) as the traders take their losses.
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Duster
Posted on: Jun 18 2014, 03:32 PM


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Should find support at the old resistance level of 3c, before a possible move higher. Healthy pull-back today IMHO.
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Duster
Posted on: Jun 17 2014, 03:10 PM


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QUOTE
It wouldn't surprise me to see BG eventually commit to another well in L10-A andPCL possibly farm down some of its interest. Sunbird-1, although probably not commercial, provided the consortium with better than expected geological data for further accumulation of hydrocarbons within L10-A. We haven't heard the end of this one yet IMHO
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Duster
Posted on: Jun 7 2014, 11:44 PM


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QUOTE
Depends on how patient we are...

Read the foot note !
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Duster
Posted on: Jun 4 2014, 09:59 PM


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Hi Wasa,
Repsol Exploration (Namibia) (Pty) Limited has announced the drilling of Welwitschia-1A re-commences on June 4.
Cheers,D
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Duster
Posted on: Jun 4 2014, 11:07 AM


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Market happy that a director seems to have confidence by buying on-market. 3c should be a bit of a hurdle though. Await Welwitschia-1 outcome.
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Duster
Posted on: Jun 4 2014, 11:05 AM


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Merger complete, accompanied by a nice bounce on reinstatement.


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Duster
Posted on: May 23 2014, 10:03 AM


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Hi Arty,
I've been trading it since the big toe, so not of real concern, however I believe there will be trading opportunities right up to the head and even on the way back down past the shoulders.
Cheers
D
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Duster
Posted on: May 20 2014, 10:57 AM


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Next leg up
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Duster
Posted on: May 9 2014, 11:41 AM


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Hi Abbassi,

QUOTE
I would love to be able to predict the bottom but don't have a crystal ball


Plenty here on SS seem to. lol

Fact is, they're short on dough and if BG are at all considering another drill in L10-A, there are only a few options. Raise capital at these depressed prices to fund drilling, farm out some of their holding (as I suggested previously) or let a major take a position in the company. It wouldn't be the first time I've seen shares fall, only to see an announcement of a placing with a major, or institution.

There are a few catalysts in the short term that may boost the SP. Obviously the market will be watching Welwitschia-1 with much interest, farm-out the offshore portion of L6, a new license agreement for L8, results from Sunbird-1 with a proposed forward drilling program.

I picked up some more @ 2.3c and averaging a tad under 3c but still down >20% on "this" occasion. Profited many time previously though. It's not a good market for spec's atm and many people, including myself, are under water. Sit it out IMO, spec's will have their day again at some time in the future. Buy the gloom !

Good luck all

D
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Duster
Posted on: May 7 2014, 10:33 AM


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QUOTE
maybe it's the bottom ..... maybe its not


It's not !

Is the market suggesting a CR ? .... or is it frustrated shareholders and time to buy a few more ?
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Duster
Posted on: Apr 24 2014, 11:12 AM


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Welwitschia-1 well to spud tomorrow.

http://www.upstreamonline.com/live/article1358997.ece


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Duster
Posted on: Apr 15 2014, 09:19 AM


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Repsol's Welwitschia-1 well, offshore Namibia, should spud later this week, or early next week. Nearology will pay an important roll here on any success. At least it will provide PCL holders with some interest whilst we await further news on Sunbird-1 and any deals (which I believe) may be going on behind the scene. It wouldn't surprise me to see BG eventually commit to another well in L10-A and PCL possibly farm down some of its interest. Sunbird-1, although probably not commercial, provided the consortium with better than expected geological data for further accumulation of hydrocarbons within L10-A. We haven't heard the end of this one yet IMHO.

I will be buying below 3c if the opportunity arises. Many punters will have had enough of PCL and I'm happy to take their shares.

D

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Duster
Posted on: Apr 15 2014, 08:27 AM


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Cambay well has reached total depth and has intersected strong gas readings in its primary reservoir.


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Duster
Posted on: Apr 14 2014, 03:00 PM


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Hi Wasa,

I bought today at 2.9c & 3c, (only a few hundred k) maybe it's the bottom ..... maybe its not, but I'm happy with the outcome so far !

Cheers, D
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Duster
Posted on: Apr 14 2014, 11:17 AM


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Market action suggesting a positive outcome.


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Duster
Posted on: Apr 14 2014, 11:13 AM


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QUOTE
Fantastic news this morning on Sunbird


Don't know about that spats, but I'm happy to take on more anywhere in the 2's. An over-reaction imo to a "somewhat" positive outcome.

QUOTE
I tend to think bad news may even be good news in the long run.



Cheers D


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Duster
Posted on: Mar 24 2014, 08:16 AM


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Hi DK,

Although I don't hold much hope of a commercial find at Sunbird, I do think they will have some promising news wrt hydrocarbon indications, which should lift the exploration potential of the surrounding area. I'm basically free-carried on my holdings in PCL but I decided to add some last week, and hold the opinion that a duster was basically factored into the SP regardless. There still stands a chance of a surprise here and if not, I tend to think bad news may even be good news in the long run.

Good luck everyone, especially the long-termers.

D


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Duster
Posted on: Mar 19 2014, 11:04 AM


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QUOTE
Always hang on to a few because one day .....


Could this day be approaching ?

The punters look like they're placing their bets today on the possibility that that day is near.


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Duster
Posted on: Mar 5 2014, 08:47 AM


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QUOTE
I'll be buying on any fall here


And happy I did. Looks like it's ready to move higher once again.


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Duster
Posted on: Mar 4 2014, 07:55 AM


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Although not yet a producer but probably outperformed most of them, PIR never gets a mention here. From cents to $
  Forum: Macro Factors

Duster
Posted on: Feb 28 2014, 12:37 PM


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7mil probably on Chi-X
  Forum: Investment Discussion

Duster
Posted on: Feb 28 2014, 11:14 AM


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Maybe you're not taking Chix into consideration ie Australian Merged.
  Forum: Investment Discussion

Duster
Posted on: Feb 28 2014, 09:48 AM


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Traders' dream stock smile.gif
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Duster
Posted on: Feb 28 2014, 09:47 AM


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And Mrs Marquette is suggesting something isn't going to plan.

Took a small loss ........ Good luck guys, you may even get a double bottom.
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Duster
Posted on: Feb 25 2014, 04:28 PM


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QUOTE
Don't know if the market is going to be very happy with the UCG deal

And happy they were not ! smile.gif
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Duster
Posted on: Feb 25 2014, 06:29 AM


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Don't know if the market is going to be very happy with the UCG deal but there's a bigger prize in wait. I'll be buying on any fall here.
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Duster
Posted on: Feb 24 2014, 06:05 PM


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QUOTE
There's been rumours of a link with Linc

WILDHORSE ENERGY LIMITED SIGNS BINDING HEADS OF AGREEMENT WITH LINC ENERGY LIMITED RE UCG ASSETS

Looks like they're going to concentrate on "U"
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Duster
Posted on: Feb 24 2014, 09:10 AM


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The market doesn't seem too convinced, judging by the open. Let's see how the rest of the day pans out.
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Duster
Posted on: Feb 24 2014, 07:32 AM


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QUOTE
Should hear something either way this week


Today ............. even better !

Sun advises that completion operations at the F. Thompson #1H well are continuing with the flow back of fraccing fluids from the horizontal well bore ongoing. The first recovery of crude oil and gas has been reported.

http://www.asx.com.au/asx/statistics/displ...;idsId=01494114



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Duster
Posted on: Feb 24 2014, 06:24 AM


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Although the longer the wait, the more nervous I become, I added to my position. Should hear something either way this week.
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Duster
Posted on: Feb 18 2014, 09:11 AM


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Hi RFM,

Hope your day in the SUN finally comes.

Cheers,
D
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Duster
Posted on: Feb 18 2014, 08:48 AM


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Don't tell me someone is actually buying ohmy.gif ........... Smart move IMO and looks like they are prepared to take anything that comes along at 3.5c. Not suggesting that they are ready to push it higher just yet, maybe just accumulating. I'll watch on for the action, as it won't take much dough to move it significantly higher. I understand there may be some serious money interested in the project and with the POG moving along nicely, it may soon be time to pounce.




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Duster
Posted on: Feb 18 2014, 08:35 AM


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No news is not necessarily good news, especially in the O&G sector at these critical times. Saying that, it's the time when nerves get the better of traders and stop-loss kicks in. This has come back on relatively light volume, so I wouldn't read too much into the pull-back. I'm happy to pick up a few more at these levels and await an outcome. Only a $14k punt at this stage and I'm well aware of the consequences.
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Duster
Posted on: Feb 17 2014, 09:29 AM


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QUOTE
Doubtfull in todays market whether any of their assets would interest anybody for the time being


They're interested today !


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Duster
Posted on: Feb 17 2014, 08:49 AM


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Mining Permit Granted.
QUOTE
We are now one very significant step closer to the commencement of mining operations at the world class Fekola Project


Another one that has paid off handsomely for the buy & hold crew.


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Duster
Posted on: Feb 14 2014, 01:58 PM


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Hi Arty,

QUOTE
You're far more patient than I'll ever be, holding on to a losing position for 2 years. Just think what you could've done with the money in the meantime


From a traders view, I can probably understand that comment, but people participate in the market for many reasons. After reading the comments from various contributors on SS over the years, we can all get a feel for their techniques, which in most cases, I respect. We all get 'em wrong from time to time and I'm happy to admit it. What amazes me though, is the non-acceptance of the way that some people play the game, whether it's timing, stock, or sector selection, entry & exit points and above all, fundamental, or technical perspectives. This is a market and without those different opinions, we wouldn't have one.

Personally, I trade some and accumulate others, of which a few would to fit into the category highlighted above. If you want to accumulate a substantial holding in a speculative company, it's logical to do so on the down-run. In this case, stop-loss doesn't work, especially in tightly held companies and one must have balls of steel to handle the paper loss whilst waiting for that particular "investment" to pay off. When and if it does, the profits made can far outweigh any trading scenario. Btw, I'm talking of large holdings in companies here and by that I mean "chunks".

We're all experts in hindsight biggrin.gif

Disclosure ........... I'm once again holding a trading position in SUR @ 2.8c
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Duster
Posted on: Feb 11 2014, 01:12 PM


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Agree Merc, punters "should" be well aware of the ramifications of a duster. I've traded these two for years and there's always been an opportunity to get in or out. Dusters have always been a good time to buy. Always hang on to a few because one day .......
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Duster
Posted on: Feb 11 2014, 12:06 PM


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So FAR so good, even if it is in sympathy.


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Duster
Posted on: Feb 11 2014, 09:49 AM


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Hi Flower,

Is a Woodbine update due today ?
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Duster
Posted on: Feb 11 2014, 09:45 AM


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5.4c is enough for me ........... wait for a pull-back.
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Duster
Posted on: Feb 11 2014, 09:21 AM


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Looks like it Merc, 4.9c about to break.
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Duster
Posted on: Feb 7 2014, 01:37 PM


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QUOTE
Can it break the $1.30 ?


........... yep !


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Duster
Posted on: Feb 7 2014, 08:11 AM


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QUOTE
Expect WCP to exercise its option over Al Hariqah shortly


WCP EXERCISES ITS OPTION TO FARM-IN TO THE PROSPECTIVE AL HARIQAH PROJECT
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Duster
Posted on: Feb 6 2014, 11:26 AM


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Creeping higher. This has gone from cents to $$$, let's hope the other one which I've been banging the drum on can do the same. There is a connection. wink.gif
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Duster
Posted on: Feb 3 2014, 05:43 PM


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Latest share price for each stock in the header would be quite easily done, with a + / - & volume next to it.
  Forum: Off Topic Chat

Duster
Posted on: Feb 3 2014, 10:12 AM


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Can it break the $1.30 ?
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Duster
Posted on: Feb 3 2014, 09:41 AM


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Positive quarterly and the market looks like pushing this higher. Not much of a techie but the 200d EMA at 4.3c should be broken this week.
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Duster
Posted on: Jan 30 2014, 01:59 PM


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OM,

Nice to see half cent increments.


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Duster
Posted on: Jan 30 2014, 10:57 AM


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Didn't hold 4.8c and nervous, underwater holders are selling. Top-up time.


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Duster
Posted on: Jan 30 2014, 08:23 AM


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Alonso & anyone else interested,

If not included in tomorrow's quarterly, WCP will put out a report after exercising its Al Hariqah option, which should give more detail on progress and future intentions with the project. From what I'm hearing, this is a large scale, near surface deposit, which is open at strike to the south, across strike and at depth. Some are comparing this to Centamin's 10mil oz Sukuri mine in Egypt and large mines in Africa. Still early days but there is confidence that this pay off big time.

Work will soon be underway to secure the site and relocate locals from the area, who I believe are keen on the economics that will go along with development of the project, so as to enable increased drilling activity.

The market is yet to cotton on to this ........... Stay tuned !
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Duster
Posted on: Jan 29 2014, 10:22 AM


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QUOTE
Double bottom could be in play here


Or maybe nerves are going to push it lower. With TD not due to be reached until late Feb, expect some wild swings. Good punt around 4.8c - 5c IMHO. A break above 5.1c should see it higher in the near term, but not for those without risk tolerance.
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Duster
Posted on: Jan 28 2014, 09:46 AM


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Double bottom could be in play here.


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Duster
Posted on: Jan 28 2014, 07:58 AM


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Another nice move coming today.


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Duster
Posted on: Jan 23 2014, 09:27 AM


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More encouraging drill results announced this morning. Expect WCP to exercise its option over Al Hariqah shortly. Very thin and could move in leaps and bounds.


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Duster
Posted on: Jan 22 2014, 03:17 PM


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QUOTE
WCP should soon sign off on the Al Hariqah gold project option agreement, with Cantex


Maybe I should have just said "exercise its option" over the Al Hariqah gold project.

Multi million oz's await. smile.gif


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Duster
Posted on: Jan 22 2014, 02:44 PM


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WCP should soon sign off on the Al Hariqah gold project option agreement, with Cantex. The stock has been dead in the woods for a while now but it's about to come alive. Al Hariqah is a world class project. It's at a shallow depth and hence will be extremely low cost. Been waiting a long time for this. Deep pockets could be waiting to back it !
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Duster
Posted on: Jan 22 2014, 02:35 PM


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Getting a wriggle on today, along with huge turnover. Up 26.23% or 29.5% now whilst typing. Make that 31.2% .................... BREAKOUT !
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Duster
Posted on: Jan 16 2014, 07:21 AM


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WHE put on another 12% in London last night to approx. 3.8c equivalent. Looks as though this could go much higher with both the UCG & U projects finally getting recognition. A break above the 4.4c, 200 Day M/A should confirm.

QUOTE
don't forget they are also sitting on one of the largest uranium deposits in Europe


Russian nuclear power company Rosatom will expand Hungary's only nuclear power plant, more than doubling its capacity in the biggest construction project in Hungary's post-Communist history, the two countries agreed on Tuesday.

http://www.google.com.au/url?sa=t&rct=...jLzFXT8k0DCYV7w
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Duster
Posted on: Jan 15 2014, 09:25 AM


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QUOTE
we should see a 20% spike today


Up 20% on the open & now up 32%. Yesterday's announcement should encourage any prospective partners and I believe it's only a matter of time and this will be a done deal. Probably explains the recent higher than normal turnover. Apart from the UCG side of the story, don't forget they are also sitting on one of the largest uranium deposits in Europe. Technically, also looking good.


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Duster
Posted on: Jan 15 2014, 06:07 AM


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This was announced after the close yesterday .......

The Hungarian Parliament has approved the modification of the Mining Law which now includes UCG specific regulations setting out a legal framework for the development of UCG projects. These regulations have since been put into legal force as of 1 January 2014.

QUOTE
There's been rumours of a link with Linc


As previously announced, the Company is currently engaged in on-going, non-binding discussions with a third party, which is consistent with its previously announced partner selection process.

SP hit 3.6c in London last night, so we should see a 20% spike today.
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Duster
Posted on: Jan 7 2014, 12:29 PM


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The difference here is that Cambay is not a wildcat but I agree, opportunities abound with some of these slaughtered penny shares.
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Duster
Posted on: Jan 7 2014, 08:07 AM


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There's been some big turnover in this of late, along with an increase in sp. A pull-back on light volume - could be worth another punt here. There's been rumours of a link with Linc, not sure about that one but something spurred some interest.
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Duster
Posted on: Jan 7 2014, 07:59 AM


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Hope you own some today Mista
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Duster
Posted on: Apr 23 2013, 11:54 AM


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QUOTE
On a more fundamental note, I expect the new Yemeni project manager to be announced next month, which should send a message to the market that WCP is getting ready to ramp up exploration on a possible world class gold resource.


I've made mention here previously of the Sukari Mine in Egypt. The chief production geologist from Sukari, Mr Farghally, who was part of the team that took the mine from exploration stage to 10mil oz's in proven & probable reserves, is now with WCP, so we should expect a ramp up of exploration in the near future at Al Hariqah.

See today's ann for further details, including a backload of samples ready to be sent for assay.
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Duster
Posted on: Apr 6 2013, 04:03 PM


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QUOTE
A remark about public servants super being funded by the public purse would surely be wrong i imagine.

Where else do you think it comes from ???
  Forum: Investment Discussion

Duster
Posted on: Apr 6 2013, 12:56 PM


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Gold jumps $28/oz and not a mention here. Just goes to show how blasé we have become re pog.
  Forum: Macro Factors

Duster
Posted on: Apr 6 2013, 12:00 PM


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And who pays it ? ...... WE DO !

And it's indexed against inflation.

The Australian Government has never fully funded its superannuation liabilities. One of the largest liabilities currently on the balance sheet are the superannuation liabilities for public sector employees, which stood at $235.4bn at the end of last FY, up 62% on the previous year.

The Gov is the only employer in the country that doesn't have to actually have to "pay" super on behalf of their employees.
  Forum: Investment Discussion

Duster
Posted on: Apr 6 2013, 07:57 AM


Group: Member
Posts: 3,122

And don't forget the carbon tax & god help him if he buys a European car. 7 series BMW in the US $90k ...... Here > $200k

I could fill these pages with indirect tax !
  Forum: Investment Discussion

Duster
Posted on: Apr 6 2013, 07:37 AM


Group: Member
Posts: 3,122

QUOTE
Then you are not paying your fair share of tax on your income from your pension

I probably have to disagree W and although Flower may be paying no tax NOW on income from super, he paid tax when he earned an income throughout his working life, probably at a higher rate than now (to help support public servants & welfare slugs) 15% tax on contributions, tax at his marginal rate on non-concessional contributions & 15% tax on earnings prior to pension phase. On top of that, when he pulls his money out, it has to go somewhere and hence, is then taxable. When he spends it he pays 10% consumption tax & apart from all those things, I assume he isn't a burden on the tax system by receiving old age pension.
There are many other indirect taxes too ........ What about petrol and WET tax every time he buys a bottle of wine (29% from memory)- the list goes on
  Forum: Investment Discussion

Duster
Posted on: Apr 5 2013, 11:05 AM


Group: Member
Posts: 3,122

QUOTE
My friends in the former 2 countries are astounded we have to provide for our future.


I'm astounded that I have to provide for my employees' futures. Many businesses will not be able to afford the proposed 12% employer contributions.
  Forum: Investment Discussion

Duster
Posted on: Apr 2 2013, 01:39 PM


Group: Member
Posts: 3,122

Hi Bam,

I recently fixed one of my investment properties at 4.97% for 2yrs and another at 5.5% for 5yrs (this offer has now disappeared) I noticed Westpac actually increased some of its fixed rates a week or two ago. At 4.97%, I figured there would have to be another two rate cuts and both would have to be passed on in full to be behind on the first one and that's not taking current savings into consideration.

Here's how the futures boys see the chance of a rate cut. http://www.asx.com.au/sfe/targetratetracker.htm

Here's the 30 day interbank cash rate futures yield curve implied expectations. http://www.asx.com.au/data/trt/ib_expectat...curve_graph.pdf
  Forum: Off Topic Chat

Duster
Posted on: Mar 28 2013, 02:45 PM


Group: Member
Posts: 3,122

QUOTE
NCM will be 16 something sooner than we thinks eh??


Short it then ............ Good Luck !
  Forum: Macro Factors

Duster
Posted on: Mar 28 2013, 01:49 PM


Group: Member
Posts: 3,122

No one to "blame" Anka, it's just the way it is. From a psychological view, I would suggest that many ppl, including some here, were suggesting NCM was a buy recently and they got it wrong. Stop-loss, panic out, herd mentality, call it what you want but I reckon it's now overdone.
  Forum: Macro Factors

Duster
Posted on: Mar 28 2013, 01:26 PM


Group: Member
Posts: 3,122

Re: NCM

A close above $20.95 and I'm a buyer. I mentioned this level a while back to Arty and have stuck to my guns but this could get ugly before it re-tests that level.

Most other "goldies" have halved in value, so why not NCM......... Into the teens ?
  Forum: Macro Factors

Duster
Posted on: Mar 28 2013, 01:13 PM


Group: Member
Posts: 3,122

Double bottom in Hill's ?
  Forum: By Share Code

Duster
Posted on: Mar 26 2013, 08:50 AM


Group: Member
Posts: 3,122

QUOTE
3rd time lucky at the 10.5c resistance ?


Lot's of rumours flying around atm but I won't mention them here until they are sustained. There has been some strange trading in the stock recently and I'm left wondering if it's traders selling at the resistance level and investors buying, or whether it's run has finished, or just beginning. Time to take my eyes off WCP and concentrate elsewhere.
  Forum: By Share Code

Duster
Posted on: Mar 25 2013, 06:05 PM


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Posts: 3,122

No way I'll be buying mine back !
In fact I'll have to reconsider all these tight oil plays, including OEX
  Forum: By Share Code

Duster
Posted on: Mar 25 2013, 11:59 AM


Group: Member
Posts: 3,122

http://www.investopedia.com/terms/i/icebergorder.asp
  Forum: By Share Code

Duster
Posted on: Mar 25 2013, 10:49 AM


Group: Member
Posts: 3,122

QUOTE
I'm all but out now and sort of regretting it


Sort of not regretting it atm.

Hey Mista, I see bookies are trying to lay a few bets on this horse. I'm looking for some good odds. What's your downside targets ? - or are we there ?

Cheers,
D
  Forum: By Share Code

Duster
Posted on: Mar 25 2013, 10:26 AM


Group: Member
Posts: 3,122

Hi Mista,

QUOTE
My view is, when you buy a share in an existing company, you are not buying a small piece of the co, all you are buying is a second hand electronic widget which is traded on sentiment and has no real value, only perceived value.


Don't want to start the old T/A - F/A debate again but you ARE actually buying a small piece of the company, however, as you say, the "perceived value" is often distorted to the extreme and that can be in both directions. The skill in F/A is trying to determine fair value and that is the point at which those extremities, eventually become equal. T/A, IMO, is the bit in between and probably where the most money can be made in the short term. Longer term however, is the way most F/A's make their big gains. The latter usually requires deeper pockets and in many ways carries more risk, as you often have money tied up doing nothing for longer periods, especially during the accumulation phase. Also, exiting large positions, or implementing stop-loss, can become extremely difficult, so you must get it right, or be prepared to do a chunk of your money.

There are many companies atm which I perceive to be completely and utterly overvalued, especially at the spec end of town. Then there are the emerging producers, who, after being overvalued during the exploration phase, I now see as undervalued. This is the area which I am currently concentrating on from a F/A approach.

Sorry, nothing to do with CVN but just read Mista's post.
  Forum: By Share Code

Duster
Posted on: Mar 25 2013, 09:46 AM


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Posts: 3,122

7yr low thumbdown.gif
  Forum: By Share Code

Duster
Posted on: Mar 21 2013, 10:52 AM


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Posts: 3,122

The market was happy to mop up 1.4mil shares in early trade. Only a handful of shares left ....... IN THE WORLD !

Now .......... can it keep going ?
  Forum: By Share Code

Duster
Posted on: Mar 21 2013, 08:29 AM


Group: Member
Posts: 3,122

Quite a strong day yesterday, so this may be about to breakout ......... 3rd time lucky at the 10.5c resistance ?
  Forum: By Share Code

Duster
Posted on: Mar 21 2013, 08:21 AM


Group: Member
Posts: 3,122

Slowly moving north and a break above 65c may see this get some steam.
  Forum: By Share Code

Duster
Posted on: Mar 21 2013, 08:17 AM


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Posts: 3,122

Bleak outlook for iron ore as prospects sliced

http://www.theaustralian.com.au/business/m...6-1226601989632
  Forum: By Share Code

Duster
Posted on: Mar 20 2013, 06:32 PM


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Posts: 3,122

That's physical shares MPL not derivatives.
  Forum: By Share Code

Duster
Posted on: Mar 19 2013, 01:41 PM


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Posts: 3,122

A quick question or those who use Fibonacci Retracements. Do you guys use intra day high & lows on a candle chart, or closing price ?

Thanks,
D
  Forum: Investment Discussion

Duster
Posted on: Mar 19 2013, 08:13 AM


Group: Member
Posts: 3,122

There's gold in them thar' hills.

http://www.wcpresources.com.au

31.5m @ 2.59g/t, Au from 13.5m (RAB)
43.5m @ 3.45g/t, Au from 31.5m (RAB)
48.0m @ 2.96g/t, Au from 18.0m (RAB)
23.9m @ 7.22g/t, Au from 90.18m (Diamond)
55.5m @ 3.76g/t, Au from 21.0m (RAB



  Forum: By Share Code

Duster
Posted on: Mar 18 2013, 01:57 PM


Group: Member
Posts: 3,122

Mista,

Still haven't taken a position and almost every day, I think to myself ........"it can't get any cheaper" ........... but it does !

Coal, especially thermal, is on the nose atm. My other coal favourite, YAL, is up 4.3% today for some reason. (no position there either)

Straw hats in winter ? ....... or will they die from exposure before their day in the sun comes again ?

Cheers,
D
  Forum: By Share Code

Duster
Posted on: Mar 15 2013, 10:14 AM


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Posts: 3,122

It's obviously had a big fall for a reason. I got 84c for it only last month and the major shareholder exercised 12.7 mil options @ 70c in Jan. Maybe an issue is imminent ?
  Forum: By Share Code

Duster
Posted on: Mar 15 2013, 10:07 AM


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Posts: 3,122

Just died again !
  Forum: By Share Code

Duster
Posted on: Mar 15 2013, 09:56 AM


Group: Member
Posts: 3,122

Resurrection ?
  Forum: By Share Code

Duster
Posted on: Mar 14 2013, 02:52 PM


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Posts: 3,122

another 20% to the upside
  Forum: By Share Code

Duster
Posted on: Mar 14 2013, 09:35 AM


Group: Member
Posts: 3,122

Ladder Bottom forming ?

Waiting for an entry !
  Forum: By Share Code

Duster
Posted on: Mar 13 2013, 12:41 PM


Group: Member
Posts: 3,122

QUOTE
Now, how low will it go ?


Not very excl.gif

WCP actually looks like breaking to the upside.

QUOTE
how deceptive market depth can be and here is a great example of how "weak" WCP looks in that respect.


Well the BS market depth that I mentioned has totally reversed and now there's bugger all on offer.
  Forum: By Share Code

Duster
Posted on: Mar 13 2013, 12:24 PM


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Posts: 3,122

It's not about the gold !

punters all over this today with Linc Energy mentioned in the same paragraph
  Forum: By Share Code

Duster
Posted on: Mar 11 2013, 09:40 AM


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Posts: 3,122

Moving along nicely after the tweezer job.
  Forum: By Share Code

Duster
Posted on: Mar 11 2013, 09:01 AM


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Posts: 3,122

So it looks like the flow rate could potentially be a lot greater than the current 800 BOPD "slugs". If the well cleans up after shut in, and oil flows continuously, there could be some upside to this. I'm not committing any more funds but will wait for an outcome, with maybe a few trades in between smile.gif

How will the market receive today's announcement ?
  Forum: By Share Code

Duster
Posted on: Mar 11 2013, 07:32 AM


Group: Member
Posts: 3,122

I'll take those odds !

Even if, as you say "99% of seed capitalist ventures fail" and I invested $2,000 into 100 ventures, total cost would be $200,000 but one of them is going to come off, so I'm going to get back $360,000 smile.gif And that's providing it was the last one that came good. If it was one of the first, let's say ten, I'd only be up for $20,000 biggrin.gif
  Forum: By Share Code

Duster
Posted on: Mar 9 2013, 09:21 AM


Group: Member
Posts: 3,122

Hi Melua,

Is that 500 BOPD, or 500 BOPDE ?


I would suggest that most here on SS would be more interested in the SP fluctuations over the next 30 days, and they'll probably make more money, percentage wise, than you will holding. Dollar wise, that's a different story, if you bought "heavily"

Good luck with it Melua but remember how many other people are thinking along the same lines and IF the tide turns, will you be able to get out with such a large holding ?

I do like your "have a go" style though. Something we both seem to have in common. biggrin.gif

Cheers,
D
  Forum: By Share Code

Duster
Posted on: Mar 8 2013, 02:22 PM


Group: Member
Posts: 3,122

No prob's Arty,

I'm not down that much atm but the sellers keep coming at 8c. Perhaps the placement participants ???

If so, there's around 28mil of them .......... I think ??

Probably get some info over the weekend, so Monday could be interesting indeed.

Cheers
D
  Forum: By Share Code

Duster
Posted on: Mar 8 2013, 01:19 PM


Group: Member
Posts: 3,122

Nice move today guys
  Forum: By Share Code

Duster
Posted on: Mar 8 2013, 01:13 PM


Group: Member
Posts: 3,122

And don't average down like I did to 8.4c biggrin.gif
  Forum: By Share Code

Duster
Posted on: Mar 8 2013, 10:24 AM


Group: Member
Posts: 3,122

Hi mc

You may not be thanking me in a week or two ...... LOL

One word of advise ....... Don't act on anything posted on these types of forums !
We all just talk crap, try and big note ourselves, out do each other, promote or kick companies and those who own them, argue over technical & fundamental analysis and whether you should be trading or holding, try to pick the top and bottom but don't admit it until we get it wrong and get paranoid, thinking "they" are working against us ......... I could go on forever but at the end of the day it's the bank balance that's the proof in the pudding......... and don't be mislead - we are ALL gambling !

This is going to be news driven (if not leaked prior) and you could be in for a wild ride. Even after yesterday's "man overboard" scenario, things are still nervous to say the least. Which way will the pendulum swing ?

Good Luck,
Duster
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 04:55 PM


Group: Member
Posts: 3,122

Yeah Arty, I'm a bit of a punter .......... aren't we all ?

QUOTE
Tomorrow, anything can happen, depending on which "belief system" gains control.


I weighed up the odds on the information available and decided to hold. I agree, there's a chance of another gap-down tomorrow and probably another chance for a scalp being Friday but insiders may receive information overnight, so there's always the chance of a gap-up as well. I'm only playing with 200k shares, so if it goes down and I lose a few grand, who cares lmaosmiley.gif

May even hold on to 'em and see what happens after clean-up. I've seen these situations quickly reverse, with ppl scrambling to get back onboard. We'll see !
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 02:50 PM


Group: Member
Posts: 3,122

QUOTE
this morning's buyers could become this afternoon's sellers


Sit back and wait for the daytraders to sell to you. smile.gif
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 02:48 PM


Group: Member
Posts: 3,122

Capitulation ?
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 02:37 PM


Group: Member
Posts: 3,122

Quasar’s Program and Budget runs for 16 months from Oct '12

Cumulative cash expenditure to end 2013 of A$97.8 million (ACE share A$24.45 million);

With only $27mil cash left as of last quarter, maybe they'll have to go to the market again. Doesn't leave much for legals does it ?
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 02:08 PM


Group: Member
Posts: 3,122

Hi Aj, Jayson,

I'm not holding atm but as you know, timed the last rise to perfection and have continued to watch. Those sort of spikes will continue to come from time to time. One day it will keep going and leave the "I should have" crowd gobsmacked, as this tends to move like a freight train....... when it does move LOL

D
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 01:36 PM


Group: Member
Posts: 3,122

QUOTE
Have I missed anything that might occur any day.


YEP !

Any day now, the share price may go up.
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 01:02 PM


Group: Member
Posts: 3,122

QUOTE
One can always exit TLS etc whatever size a holding may be.Not so with micro caps


True ........ but the same illiquidity can dramatically amplify profits in micro caps, on the way up.

QUOTE
the writer prefer large caps. for large investments.


Certainly not talking "large investments" here and I agree with Arty wrt large caps being too boring to discuss on SS. We probably all own them, but rarely talk about them.
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 11:42 AM


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Posts: 3,122

Bleedin' pathetic !

Know wot I mean.
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 11:07 AM


Group: Member
Posts: 3,122

QUOTE
expectations had driven the speculation to unrealistic Highs


I wouldn't call a MC of $36mil over the top, considering the outcome of this well, with probability of more to come.

SUR has 3x the MC of PYM
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 10:52 AM


Group: Member
Posts: 3,122

Arty, how do T/A's get their head around situations like this ? wacko.gif

It's the biggest loser, percentage wise, on the ASX today !

Still, I wouldn't be surprised to see another leg down, as this morning's buyers could become this afternoon's sellers.
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 10:39 AM


Group: Member
Posts: 3,122

From what I observe, punters are disappointed with "average" flow rate of 780 barrels and are factoring in further reductions in flow.

The well is still cleaning up and I reckon it's not that bad a result. They hit oil for god's sake ! Imagine if it was a duster LOL.

QUOTE
We look forward to further development of the project in the coming months


I reckon a 30% fall in the SP is overdone and it will sort itself out over the coming days and I'm buying.(& trading) biggrin.gif
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 09:15 AM


Group: Member
Posts: 3,122

Should see some punters onboard after the pull-back smile.gif

It's not as if it's a duster wink.gif

MD lookers & on-open buyers will panic !
  Forum: By Share Code

Duster
Posted on: Mar 7 2013, 07:55 AM


Group: Member
Posts: 3,122

The Kenyan elections may be having some impact on companies exposed to that country atm. Uncertainty is always of concern to investors.
  Forum: By Share Code

Duster
Posted on: Mar 6 2013, 03:46 PM


Group: Member
Posts: 3,122

QUOTE
You seem to be on the right track with many of your picks


Fundamentally speaking.
  Forum: By Share Code

Duster
Posted on: Mar 6 2013, 03:30 PM


Group: Member
Posts: 3,122

QUOTE
hey presto--the reverse happens


It's not as if someone will click their finger and the specs will be back at their highs. This trying to pick a bottom, followed by stop loss selling amongst the traders, is just adding to the downward pressure. Wait for upward momentum, there will be time to get set. There's going to be a lot of money to be made when that time comes .......... if you pick the right stocks.

You seem to be on the right track with many of your picks, unfortunately you got the timing wrong.

As far as the "USofA"........... I'm more concerned about the EU to tell you the truth. It's seriously a basket case ! (IMHO)
  Forum: By Share Code

Duster
Posted on: Mar 6 2013, 01:45 PM


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Posts: 3,122

The Pom's love WHE wub.gif
  Forum: By Share Code

Duster
Posted on: Mar 6 2013, 01:34 PM


Group: Member
Posts: 3,122

Not just relative weakness in gold stocks v's gold but there's also a disconnect between the large caps and second tier / specs, and that's across the board. Many small players are getting squeezed and doing their arse. Stop loss is really working for those at the controls. I was just looking at POS. I sold it not long ago at 29 and now it's 19. There's many in the same boat, yet the market just keeps going higher, led by the large caps.
  Forum: By Share Code

Duster
Posted on: Mar 6 2013, 01:06 PM


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Posts: 3,122

Hi Wren,
No end in sight is there ? $85mil mc but we're flying blind. I'm waiting for nose-up attitude. Don't think it will crash and burn.
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 05:28 PM


Group: Member
Posts: 3,122

Btw Flower, I don't report every trade I do on SS. So if you are wondering, I no longer hold CVN either.

Nor does my current (non) position in either company, reflect my opinion on their "potential" ... I may be back in at any time smile.gif
And btw, I don't have a "hidden agenda"
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 05:09 PM


Group: Member
Posts: 3,122

From memory, I sent you a PM with the details and posted here. You seem a little paranoid Flower wrt my trading. Do you still think it was me that dumped the 3mil ?

When I say cracker, it was < 10k profit, so I'm not about to retire on the proceeds LOL ....... but managed to pick the recent top at 5.9c and 5.8c

QUOTE
By the way, if you weren't watching, I hit the 5.8 buyer with 700k shares
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 04:27 PM


Group: Member
Posts: 3,122

Hi MPL,

Got to admit, my recent SUR trade was a cracker. Maybe it was sheer luck, but it just goes to show there is still money to be made in a downtrend.

D
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 03:08 PM


Group: Member
Posts: 3,122

Sorry Mista,

Don't know anything about it but as it has come to your attention, I may as well do some homework, because that's what I enjoy. On first glance, diversification away from coal can only be a good thing for the company imo.

Cheers,
D
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 02:55 PM


Group: Member
Posts: 3,122

May as well post this here.

If you missed it, go here http://www.cbsnews.com/60-minutes/ and watch China's real estate bubble.
  Forum: Investment Discussion

Duster
Posted on: Mar 5 2013, 12:27 PM


Group: Member
Posts: 3,122

No matter which way you look at it, fundamentals don't seem to be working here. Arty's 4.6c target looks highly possible.
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 11:49 AM


Group: Member
Posts: 3,122

Sounds like the Rundle twins, (Central Pacific & Southern Pacific) in the 70's.
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 10:40 AM


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Posts: 3,122

Seems we all missed this one sad.gif
  Forum: By Share Code

Duster
Posted on: Mar 5 2013, 09:08 AM


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Posts: 3,122

Resource Update !
  Forum: By Share Code

Duster
Posted on: Mar 4 2013, 09:24 PM


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Posts: 3,122

From time to time there's speculation that the Pangnua Mine will re-open and the SP spikes. That scenario will happen again but you certainly need patience.
  Forum: By Share Code

Duster
Posted on: Mar 4 2013, 01:34 PM


Group: Member
Posts: 3,122

QUOTE
Sorry, that should read 71.5c & 72c

Looks like it's bounced off that level today. Hit a low of 71.5c and now 75c
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 10:59 AM


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Posts: 3,122

The quick or the dead
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 10:43 AM


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Posts: 3,122

Isn't that supposed to send them up, like HZN ?

Someone obviously doesn't think so !
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 10:22 AM


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Posts: 3,122

Very true eb.

Higher highs & higher lows intraday from the $2.56 low, so it's working for the swingers atm, providing you didn't buy on the open.Just be careful when it falls out of the channel
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 10:10 AM


Group: Member
Posts: 3,122

Anyone want a few mil @ 5.5c ?
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 09:40 AM


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Posts: 3,122

Swing traders will have a ball today but personally, I can see all the buyers getting sucked in and having to off load, causing a snowball effect.
  Forum: By Share Code

Duster
Posted on: Mar 1 2013, 09:23 AM


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Posts: 3,122

STOP LOSS !!!!
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 02:53 PM


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Posts: 3,122

Meekatharra Minerals knew ..... wink.gif

And is it really a huge oil find in SA ?

I know you don't give a rats if it is or isn't .....LOL, so keep on trading it and well done eb. I know you will have an exit strategy in place and there's enough turnover atm to keep you guys happy.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 02:28 PM


Group: Member
Posts: 3,122

Still some big buyers there. Hmmmmm
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 12:58 PM


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And pulled back just as quickly, so now there's potentially another 10mil shares waiting for a buyer. Going lower imo without some news. The bot's been very active today.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 10:03 AM


Group: Member
Posts: 3,122

QUOTE
That's fine duster,but why do you ask for chartists opinions if they are so valueless ?


Because I like to learn !

Don't take things so personally and get so defensive. I was just having a dig, as I was calling it at 50c. Maybe you should ask a few fundamental questions and take your T/A blinkers off from time to time. You may learn something as well.

I didn't suggest for a minute that they were "valueless" I wouldn't ask for opinions if that were the case.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 09:59 AM


Group: Member
Posts: 3,122

May the 8 be with you.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 09:54 AM


Group: Member
Posts: 3,122

QUOTE
at 40--50 cents chartist will give a boot because it is at low duster


Just goes to show how differently we all play this game. Good luck with it eb.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 09:44 AM


Group: Member
Posts: 3,122

Just looking back through the posts when they were in the 40's & 50's, 6mths ago (cents that is) ............. where were all the chartists then ?

Now you guys are trading them at $2.50.......... Unsustainable IMHO !
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 08:36 AM


Group: Member
Posts: 3,122

QUOTE
I've been accumulating this for 5yrs


I can't add up ....... make that 4yrs - still a bloody long time !
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 08:08 AM


Group: Member
Posts: 3,122

Yes Mista, it's a great one for swingers ohmy.gif
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 08:04 AM


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Posts: 3,122

Hey Mista,

You reckon you've got a place at the Xmas table for TLS. Whilst we're on the subject of CHRIST ! ........ I just had a look and I've been accumulating this for 5yrs. From 2.5c and everywhere else in between, with a few trades along the way. weirdsmiley.gif Maybe all my Christmases will come at once this year biggrin.gif Either that, or a seat on the board .... LOL
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 07:47 AM


Group: Member
Posts: 3,122

All over the place atm and hard to get direction on. Looks like some players are getting set.
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 07:33 AM


Group: Member
Posts: 3,122

QUOTE
Can we break that 10.5c resistance this time around ?


NO ! ......... as usual, it topped-out at 10.5c. Although I was hoping it would keep going, now I'm looking for retracement levels to top up once again. We spoke recently on a different thread about how deceptive market depth can be and here is a great example of how "weak" WCP looks in that respect. Often, the more professional market players use this as a chance to take shares from the mum & dad investors, as they panic out, thinking there are no buyers.

On a more fundamental note, I expect the new Yemeni project manager to be announced next month, which should send a message to the market that WCP is getting ready to ramp up exploration on a possible world class gold resource. Last quarter, WCP also signed a native title agreement over the Yalgoo Project in WA, so we could get news from that project as well.

Now, how low will it go ?
  Forum: By Share Code

Duster
Posted on: Feb 28 2013, 07:13 AM


Group: Member
Posts: 3,122

QUOTE
I'll revisit this at a later date


I was tempted to have a go yesterday but didn't. There seems to be interest in SUR at 5.6c & 5.7c and they actually closed it at 5.8c. I'm starting to doubt the chance of a retracement here and thinking it may be time to pounce.

How are the technicals looking guys ?
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 08:46 PM


Group: Member
Posts: 3,122

Mista, I'm all but out now and sort of regretting it. Made a good profit on the way up, so I'm not complaining but this was always going to be a long term hold for me. I've got the trading bug atm.... LOL. The SP has risen in London on a few occasions over positive write-ups in share publications, only to fall back again and I thought the same would happen this time around. Who knows, maybe it will.

Still waiting on the "other" one and have increased my holding to a few % of the company. Hope you're wrong with your targets. Today's effort didn't impress me. sad.gif Low volume though !
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 08:18 PM


Group: Member
Posts: 3,122

QUOTE
I was on the buy side today at 81.5c & 82c


Sorry, that should read 71.5c & 72c

The market is scared of a large, dilutive cap raising but I personally believe they are overestimating it. The SP could jump if I'm correct. They need about $500mil to take them into production. They have a debt facility in place for $300mil and have around $50mil cash. Funding arrangements will be finalised very soon.
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 08:02 PM


Group: Member
Posts: 3,122

Yes mc, got out at on 18th and managed to get 84c for 50k shares on the 19th Feb. I was on the buy side today at 81.5c & 82c but didn't quite get there.
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 12:46 PM


Group: Member
Posts: 3,122

Yes indeed. Mt Kare & Porgera is where I had my first experience with PNG in the early 80's. I'm a glutton for punishment !
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 11:24 AM


Group: Member
Posts: 3,122

Maybe time for another look ???
  Forum: By Share Code

Duster
Posted on: Feb 27 2013, 11:14 AM


Group: Member
Posts: 3,122

PCL & FAR both jump 10% on news ..........

Kenya L6 has potential for 3.6 bboe resources
  Forum: By Share Code

Duster
Posted on: Feb 26 2013, 09:30 PM


Group: Member
Posts: 3,122

glass actually............ I think !

No, you're right http://www.nbnco.com.au/blog/how-fibre-opt...le-is-made.html
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 09:21 PM


Group: Member
Posts: 3,122

QUOTE
no gold of any variety here


Except in the computer you're using, and what about the mrs ?

I'll leave this overnight stuff to you traders, I've had enough of talking crap !

Cheers,
D


QUOTE
Maybe TLS can pay divi in copper


They may as well, it's useless, as is the stuff they're laying now
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 09:02 PM


Group: Member
Posts: 3,122

QUOTE
I should have bought more TLS 2 yrs ago


We all should have but that's then and now's now. What about those that bought it > 5yrs ago, they're still under water as far as SP goes. Where are their earnings going to come from in the future to continue increasing the divi ? How long can they earn 12cps for & pay a 14cps divi ?
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 07:44 PM


Group: Member
Posts: 3,122

Hahaha Mista, I can put up with your crap as much as anyone's......... Well almost anyone's !
Earnings is what determines yield. If you think some of these banks and the likes of TLS can go on increasing earnings indefinitely, then yes, maybe we are only part of the way up. I'm not in that camp though. Look at the long term chart of say NAB. Apart from yield, the SP is basically where it was a decade ago.

I forgot, you look in minutes, not years, let alone decades ..... Lol
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 07:34 PM


Group: Member
Posts: 3,122

And going on with it again tonight, in a market that's down almost 1.5%. 6.95p atm or up 4.9%
  Forum: By Share Code

Duster
Posted on: Feb 26 2013, 07:12 PM


Group: Member
Posts: 3,122

Hi Wren,
It's all about yield and safety, in a low interest rate environment. As some of these high yielding companies "top-out", I believe capital gain targets, in other words, risk, will come back into play and that of course includes gold companies. I agree, some sort of equilibrium will have to prevail in the long run.

How about a gold mining company that paid its shareholders' a dividend in gold credits, that could be redeemed at ones discretion ? Would the public trust them to deliver ?

POG pulling back to $1595 as I type
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 06:39 PM


Group: Member
Posts: 3,122

QUOTE
POG should crack $1600 tonight.


Sorry, should have looked first ........... it already has !

Now, can it hold ???
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 06:18 PM


Group: Member
Posts: 3,122

POG should crack $1600 tonight.
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 02:43 PM


Group: Member
Posts: 3,122

Btw, I don't think I've traded CVN since May 2010, which turned out to be a profitable trade, after receiving much ridicule at the time for similar reasons.

QUOTE
It does not help to know why price did something


I sort of agree Mista, but one usually goes hand in hand with the other ie: the price goes up for a fundamental reason. A bit like the chicken and the egg.
  Forum: By Share Code

Duster
Posted on: Feb 26 2013, 11:58 AM


Group: Member
Posts: 3,122

Almost certainly already factored into the SP.

Don't get me wrong, personally, I don't even like the company but if they (or their partner more like it) get it right, I can see some upside and even to have held its own over the last week is a good sign imo.
  Forum: By Share Code

Duster
Posted on: Feb 26 2013, 09:30 AM


Group: Member
Posts: 3,122

QUOTE
it might finally have an effect on the gold sector


Nothing to get too excited about except for OGC, which seems like it's getting some support.
  Forum: Macro Factors

Duster
Posted on: Feb 26 2013, 06:55 AM


Group: Member
Posts: 3,122

Nice move again last night in London
  Forum: By Share Code

Duster
Posted on: Feb 26 2013, 06:49 AM


Group: Member
Posts: 3,122

And the star performer last night was ?

Too early to say whether the correction will continue but it might finally have an effect on the gold sector.

  Forum: Macro Factors

Duster
Posted on: Feb 25 2013, 02:00 PM


Group: Member
Posts: 3,122

The market is waiting for direction and once that is established, we should see the SP move quite quickly, one way or the other . Very light volume so far today and the selling seems to have dried up .......... that's a good sign imo. The buyers have had to meet the sellers price today.
  Forum: By Share Code

Duster
Posted on: Feb 25 2013, 12:52 PM


Group: Member
Posts: 3,122

Hope you scalped it eb ......... back in the red.

I'm sticking to my plan.
  Forum: Macro Factors

Duster
Posted on: Feb 25 2013, 10:50 AM


Group: Member
Posts: 3,122

Seems to be on the move now though.

Good call eb
  Forum: Macro Factors

Duster
Posted on: Feb 25 2013, 10:07 AM


Group: Member
Posts: 3,122

The 10c support level looks like failing again. T/A help please !
  Forum: By Share Code

Duster
Posted on: Feb 25 2013, 09:53 AM


Group: Member
Posts: 3,122

QUOTE
i'm looking at NCM today!


I've been waiting for a double bottom around $20.95. Flower is correct about the copper side of NCM, a double whammy atm.
  Forum: Macro Factors

Duster
Posted on: Feb 25 2013, 09:39 AM


Group: Member
Posts: 3,122

This is really getting off topic but I thought you might like this guy eb, he's always taking the piss out of Chinese & Indians

http://www.youtube.com/watch?v=-qtrAMK7_Qk
  Forum: Macro Factors

Duster
Posted on: Feb 24 2013, 04:28 PM


Group: Member
Posts: 3,122

China, Japan on the brink

http://www.smh.com.au/world/china-japan-on...0206-2dx25.html


Sorry, didn't realise this was a few weeks old. Been out of touch with the news lately
  Forum: Off Topic Chat

Duster
Posted on: Feb 22 2013, 01:54 PM


Group: Member
Posts: 3,122

Flower, if you don't see majority green on your gold watch today, you are watching the wrong stocks.
  Forum: Macro Factors

Duster
Posted on: Feb 22 2013, 11:43 AM


Group: Member
Posts: 3,122

QUOTE
Depth Screen is full of false orders


Yep !............ MD means diddly squat but you'd be surprised how many people use it as a guage.
  Forum: By Share Code

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