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Real-Time news about Sunrise Diamond (London Stock Exchange): 0 recent articles
|arf dysg: ...the powerful dynamnic hot throbbing share-price graph...|
|arf dysg: We could always pass the time by watching the sizzling jumping pulsating share-price graph...|
|benchmark: Apologies to sds shareholders as this is slightly off-topic.
Goldeneye - a glance at CDG's share price says that it is obvious that your "mark my words" isn't being heeded by the market in general! I have been watching mineral (as well as O & G) exploration activity in Ireland for over 30 years. There have been several gold plays that have petered out. Environmental concerns will, in my view, ensure that mining and the associated dirty extraction process won't happen here. The extrememly low concentrations at which AU occurs in rock (I mean relative to the concentrations for metals such as Pb, Zn and Cu) mean that huge amounts of ore have to be processed to extract relatively tiny amounts of gold. The consequential impact on the terrain and the environmental risks are clear. Any mining major will be well aware of this and will have had an eye on the massive local difficulties that Shell are facing in attempting to bring gas ashore in Co. Mayo.
Neither CDG nor Conroy himself are taken seriously here in Ireland. A difficult man to deal with - the Galmoy lead-zinc mine could only be developed when it was finally taken out of his hands.
The lessons for SDS and for us, its shareholders, in relation to the Bantry licence - barite is possible and perhaps silver too. But write the gold totally out of the equation.|
|arf dysg: Haven't we already got assets in Finland which are further advanced? The share price shouldn't be going up now, based on kimberlites which haven't even been discovered!|
|arf dysg: Thanks, safman, but this announcement is already available for everyone to see right here on ADVFN:
Discussion boards are on the right, RNS announcements are on the left, just under the share-price graphs.
So... it appears that SDS have discovered Australia. I'm amazed that they have any resources to commit to exploration.|
|katylied: Well Arf, perhaps I can shed some light... Yesterday at 11:57 I made a trading error. Using Sippdeal's new trading-platform I inadvertantly placed a 100,000 SDS BUY at 0.7p, when I had meant to place a SELL. doh! Anyway, since in cash terms it was rather small, I decided to let it run. Imagine my surprise, when suddenly other buys began to appear and actually pushed the share-price up!!!
This morning I gratefully sold 2 x 100,000 at .83p (LSE) and .821p (Plus). Every cloud has a silver lining I guess. Still a net loss of course, on the original 100K, but nevertheless a satisfactory outcome. The funds have gone straight into GCM by the way, a better risk/reward of the moment.
That is not to say that SDS news is not on the way, just that the sudden buying interest all seems a rather odd coincidence... Glad to be out, but good luck if you still hold. Enjoy...|
|arf dysg: ...interesting positive share-price reaction.|
|katylied: That couldn't really work (most european exchanges?) could it? It will always (to some degree) depend on how many shares are available to the market at what price (not necessarily already bought/sold, just available). If there are too many, the bid may fall, the sell NMS shrink and the buy NMS grow. Too few and the opposite will occur. The share-price and buying/selling volumes will always have at best an 'elastic' relationship...
For example, I also hold some VDM which should really be doing better than it is. But the fact is, everyone knows RAB (and perhaps others) will at this time, sell into any strength. Indeed a couple of days ago RAB did report a 1%+ disposal. The MMs know the situation and are more inclined to drop the price to prevent that from happening, than raise it because the price of Tin is booming...
I don't think SDS has got any market goodwill left. I don't think Cheetham's reputation is worth a damn anymore. I don't think the usual 'hype' will work for SDS anymore. The only way this share will rise, is if they deliver something of value. That could still happen, but heavens only knows when...|
|benchmark: Yes ... its a disgrace that share price movements are not dictated solely by volume - which is the case on most European exchanges|
|goldeneye5: no change in the share price......very strange...it should be blue at least??|
Sunrise Diamonds share price data is direct from the London Stock Exchange