Kopane Share Discussion Threads

[half a scargill] 06/8/2010 09:58

It takes two views to make a market BMN!

I happen to think that FDI will be considerably higher in the coming weeks. But that is my opinion.

[b m n 1] 06/8/2010 09:56

Arfur......Why, FDI have done nothing but slide all year and it seems the announcement of them stealing our company has done nothing to put a stop to it.

[half a scargill] 06/8/2010 09:53

It all depends if you want FDI now or not.

If you think FDI will be sub 20p when the enlarged company trades, then i'd get rid now.

I very much doubt it though. imo.

[b m n 1] 06/8/2010 09:35

Looks like this is going single digits, what do you reckon guys, are you stayin' in to witness it or would it be wise to bail now? Not a deramper, been in this fiasco for 9 months and could have took profit about 7 months ago, now obviously sitting on a loss.

[nathand] 06/8/2010 07:58

Ah Scargill, you paint a pretty picture!

[andy] 05/8/2010 18:03

FDI are presenting at Proactiveinvestors.com in London on Thursday 26th August!

Registration :

The directors of Firestone Diamonds (AIM: FDI) and The directors of Caza Oil & Gas (AIM, TSX: CAZA) will be presenting:

Thursday the 26th August 2010, Chesterfield Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email

[e-mail].

[half a scargill] 05/8/2010 14:10

Very strange. Arbitrage window wide open again.

Anyone get the feeling we've been taken roughly from behind with no lube?

[half a scargill] 05/8/2010 11:39

Do you feel that the post consolidation price will be less than 22p? If not, then taking KDD shares off of people at 10.5p is not the stupidest idea.

[giant steps] 05/8/2010 11:36

"like shooting fish in a barrel"

Sounds like a lazy, unreliable hit-and-miss approach.

Why waste a barrel when you can net the lot !

[half a scargill] 05/8/2010 11:31

It may be drip drip, but if you feel the merger is going to go ahead, then taking shares @ 10.5 is like shooting fish in a barrel.

[giant steps] 05/8/2010 10:22

100K @ 10.5p just published, drip drip effect continues - seems relentless

[123asd] 05/8/2010 08:44

debbie - first news of production at BK11 expected end third quarter, I believe - around the time our deal is finalised.

[debbiegee] 05/8/2010 08:36

I see production has started BK11 so there is always a chance some kind of news could help the share price ?

[smarm] 04/8/2010 23:34

Andy - OK but he knows no more than anyone else, whoever he is. I've just got wind of someone who has put an awful lot into a single stock....not my business of course but it always makes me wince. I won't be able to go to the FDI GM...shame that, will you be going?

S

[andy] 04/8/2010 11:53

Smarm,

"making money on the stock market has less to do with what stock you buy and more to do with risk and money management. "

I couldn't agree more, and have said so many times, particularly on threads where people have thrown their kitchen sink into a single, highly speculative stock!


The guy I met doesn't sell column inches, he does not have that sort of business model, he gives his thoughts freely, and has a seperate business in his own right.

[hectorp] 04/8/2010 11:35

smarm, I realise your 'risk' comment, as we discussed same yesterday on MLL thread, and intersting it was.
I think you do have a point, risk management is very important indeed and seems to be 'assumed' that eveyone on these threads knows how to manage their intersts in these ways. I think most do not give it sufficient time.
Sscondly ( as I raised then) risk relating to conscious assessment of actual probablities that would lead to a chosen share doing well, or better than the market itself expects, can be broken down into parts, eg odds funding will or will not apepar: odds that a licence will be granted: odds that oil or a good ore body will be found, etc. If people spent more time taking apart all they can when studying a company before throwing cash at it, they would do better.
I don't stop loss, because once I have made an entry, I don't really like being out for at least a year or two or worry about the indices ( even though I DO worry about them). Often it takes much much longer, 5-10 years clearly!
H.

[dickbush] 04/8/2010 10:26

Re a double-dip.

The US 2nd qtr GDP number was, as in the first qtr, inflated by restocking. Final Demand was only up 1.2%. All the recent data on personal income and expenditure, and manufacturing have come in weak suggesting that the qtr was, in fact, weakening as it came to an end. i.e momentum was stalling as the 3rd qtr began.

Recent Fed statement said it wanted to sit on its hands this month. Not unreasonable given these numbers tend to bounce around month to month, but I wouldn't be surprised if there are calls for more stimulus before the September meeting, and a return of nervousness in equity markets between now and then.

[dickbush] 04/8/2010 10:09

Many thanks, laserdisc. Very helpful link. Reassured by the comments re Zimbabwe's sales. Cheers.

[smarm] 04/8/2010 09:11

Giant Steps - yep, see where you're coming from.

S

[giant steps] 04/8/2010 09:08

smarm, interested to see if the market is trying to detach leveraged hands.

Thanks again for the update.

[smarm] 04/8/2010 09:05

Giant Steps - no leverage. Why do you ask?

bageo - it's s M a r m - I always set a stop when I buy. It performs two functions: firstly it takes all the decision taking away for me when emotions start to get in the way and secondly it sets the size of the trade. The bigger the risk the smaller the trade size and vice versa - the outcome on my portfolio will always be the same e.g. 1%, 2% or whatever I decide. This also means that as my portfolio grows or shrinks, each trade is sized correctly. Thus, unless I get every trade wrong, I simply cannot lose my shirt and the power of compounding helps me - hopefully - to make make money faster. I will probabaly have Wendy down on me like a ton of bricks and Andy will huff and puff at what I am about to say next but in my opinoin, making money on the stock market has less to do with what stock you buy and more to do with risk and money management.

S

[bageo] 04/8/2010 08:49

swarm - how do you use your 'stop' i assume you've bought both KDD and FDI at different prices but when the deal goes through they will be the same company. Have you adjusted your stops at all or is it a one off when you buy?

[giant steps] 04/8/2010 08:46

smarm, for interest was that leveraged money on FDI ? (e.g. a bet)

Is your position in KDD leveraged based as well ?

Thanks in advance.

[smarm] 04/8/2010 08:24

Andy - I am in an uncomfortable position. FDI is at my stop. I hate it when that happens but the stop always wins, whether right or wrong. I am now out of FDI but still hold KDD. That doesn't change a word I have said re the deal.

Nouriel Roubini is 'renowned' and I have a wonderful chart showing how wrong he has been all the way up from March 2009, including, thus far, his latest prediction of a 20% fall from low in July. These people have column inches to fill, they know no more than we do. I accept that people may be able to put a logical argument for either case but nobody knows how this is going to play out, including, I'm sorry to say, those who are allegedly in charge.

I am some way from my stop on KDD but if that goes it goes. No emotion but maybe a slight hint of regret and a large slice of surprise.

S