Namibian Resources Share Discussion Threads

[bad robot] 17/7/2015 10:14

I am just lurking here

[letmepass] 17/7/2015 10:07

Pull people in then the sells come and you're locked in

[tr4der1] 14/5/2015 18:28

Set limit sell just to stop shorters getting their hand on your shares and use it against you

[ncp3] 20/3/2015 18:40

Meson - I wish you luck with your large holding moving forward.

[meson] 20/3/2015 18:03

I am in a similar position to you - long time, large holding.
However I adopt the approach of 'in for a penny, in for a pound' and am going to see this through to the end. After all my big losses have been made and any further losses are small, in percentage terms at least.... and looked at positively I have the opportunity for bigger potential CGT losses!!

Anyway one has to be optimistic and i note that the number of shares bought and sold today approximately matched. And i would prefer to think that current and former directors are honorable people and that loans were converted to shares to clean-up the balance sheet rather than to allow them to dump their shares and run. I would think their good names are worth more to them than the relatively small sums they will recover now. For all we know they are preparing the BS for the reversal of some other mining venture into NBR. As I say, i like to remain optimistic as it's much more pleasant to being a pessimist....... and I haven't gone bust yet!

[21trader] 18/3/2015 13:53

Expecting the usual pump and dump suspects to arrive any minute

[jojo_jo] 13/3/2015 22:31

Clever stuff by the Directors. Today's volume could have allowed them to sell all their 'shares in lieu of loans'. We'll only know if/when they RNS revised shareholding numbers.
They managed to get some cash back the way they've done it. There was no chance of ever getting it out at yesterday's m/cap so they set an issue price which (just) avoided Lord Wotshisname being obliged to bid (the 30% threshold). The increase in value of their existing holdings as a result of the share price rise has gone some way to compensate them for losing about half on the 'private loans'.
If they hadn't done it they may never have seen any of that loan money again.
It does simultaneously clean up the balance sheet, but it doesn't bode well for sentiment as it implies there's no value left here other than as a shell.

Cleverly done, albeit selfishly (and without consideration for smaller shareholders). I suppose they could argue that they gave such other shareholders a chance to get out at a premium to the recent lows.

IMPO/DYOR/NAI
Jo

PS. No position - just observing.

[stephentroughton] 13/3/2015 13:33

Interesting reading from RNS dated 18/11/14... oil & gas in West Africa!!

Work on bringing new projects in to the Company is now accelerating, and I believe that the Company is now well placed to move forward. The initial intention was to bring in coal projects, but the market perception of coal projects in Southern Africa has mitigated against this. The directors are evaluating a small copper project in Northern Cape Province, South Africa, which could bring early positive cash flow as well as providing a stepping stone to other copper projects in that area. Also currently under consideration are a kimberlite diamond mine in South Africa and an onshore oil and gas project in West Africa. Either of these would require the publication of a new admission document, and it must be stressed that discussions remain at an early stage.

[tivoliworldgaming] 13/3/2015 12:59

Well exactly 20 years ago was my best ever year on them.
Now they are really bad as pub machines just cost way too much for even a feature.
In Swansea only the Carousel is worth going to for some of the old machines that are still there.

[21trader] 13/3/2015 12:53

mm's are laughing in this shutting down buy limits at 1.5p now paying way higher gold mine for them

[21trader] 13/3/2015 12:51

Good luck Stephen.

Fruit machines were a gold mine 20 years ago. Not now avoid them if you can.

[singer8] 13/3/2015 12:50

you were warned pump and dump by 21twitter

[tivoliworldgaming] 13/3/2015 12:47

I only really started to make the effort again last year in February.
After accepting I will never have a penny to my name if I just keep on wasting my weekly income on fruit machines and going out with never getting anywhere for myself in a social way.

Since then I have built up to 5K spread into 6 different shares. The next stage will be to save and earn another 4K for seeking RNS opportunities. I love to think I can be fussy enough for it to take me a week to find a decent enough RNS. That way I should win every time.

For RNS seeking during the last two months my track record so far is AFRG (+£80), CLP (£345 left in and suspended) and FRX bought £485 at 0.55p and still holding with them now at 0.70p.

[21trader] 13/3/2015 12:44

And there you go. Back to 1.5p bid but does it have one more spike in it to buy now ?

[21trader] 13/3/2015 12:31

tiv

You have learned a lot from the old days. Sometimes they keep climbing but if you miss the lows then move on. Overall it will save you lots.

[tivoliworldgaming] 13/3/2015 12:27

21trader,

Going by the chart and news my limit would of been 1.5p.
If I missed that then I would of just waited another day for
a better RNS. I see we having a good day with CRND.

[singer8] 13/3/2015 12:09

warning pump and dump by 21twitter

filter 21trader it is 21twitter/twitterman/lightfield/cloudburst/enviropaul he is on a mission with the multiple names again

[21trader] 13/3/2015 12:06

ps...

filter singer8 it is twitterman/lightfield/cloudburst/enviropaul he is on a mission with the multiple names again

[21trader] 13/3/2015 12:05

tiv

I did buy then they shook the hell out of it. I was £1000 down in seconds. Bought loads at 1.5p as well did not panic. Just sold some at 2.2p on the way up not sure if it's running out of steam again not for the faint hearted the mm's are constantly closing down the online limits both ways.

[tivoliworldgaming] 13/3/2015 12:03

If I had funds and seen the RNS. Then I would of bought in straight away.
I look forward to the day of when I can be in that position with many lots of
£400 for this type of in and out RNS opportunity.