Xceldiam Share Discussion Threads

[andy] 19/12/2005 11:09

spiv 1,

I wasn't suggesting XLD don't have prospects, just questioning the validity of James possessing price sensitive information not currently in the market.

Clearly if he is saying news "should" start to come in at the end of January, (a short time in a resource stock), he has an angle. If you hold, you will continue to hold, if you don't, and are discussing the stock with him, there is a chance you will buy on such news.

All IMHO of course.

[spiv 1] 19/12/2005 10:55

Thanks for advice guys. To be fair James did not say go out and buy xld. Quite the opposite. He said there was not likely to be news short term but that newsflow should start to come through towards the end of Jan. He also said that Petra Diamonds took a £1m stake in xld (Petra are exploring the Alto Cuilo site nearby so I guess they should have a good idea about diamond prospects in the area). Well, one to watch anyway.

[andy] 17/12/2005 17:23

spiv 1,

I wouldn't pay too much attention to what "James at Cornhill" says, I doubt he knows about any news, as he would be in possession of price sensitive information.

I bought FGML through Cornhill, and every time I wanted to sell they told me the same sort of thing, and eventually I had to be fairly blunt to make them sell my stock. Then it tanked!

One of the problems of using this type of broker, IMHO, is that they pursuade you to buy in the first place, then try and prevent you from selling by saying there is "buying" and "news coming", and it can become a battle of wits.

IMHO the thing to do is if you decide you want to sell, insist you want to sell, and ignore what the dealer is saying, otherwise they will hold you in.

[dhamilton] 17/12/2005 14:33

Dont worry Tmccooey I'll post them here when they come up!
Tom at Cornhill didn't seem to know any thing about xld news.

[din007] 17/12/2005 00:09

I`ve also gone in for 15'000 Belitung Zinc shares...
Hope they do a bit better than Hot Tuna(HTT).

[spiv 1] 16/12/2005 14:25

Good idea tm. I spoke to James at Cornhill and he seems to think there is going to be newsflow on xld towards the end of jan. Think I will probably open up a small position around mid Jan.

[tmccooey] 16/12/2005 13:18

mdchand can you copy and paste to save the hassle of having to register
ps do you think that we should start a board for all the cornhill pre ipos instead of going onto the ones which have already been issued

[mdchand] 15/12/2005 20:33

btw - there is a review of belitung on allnewissues.com if u have a subscription.

[spiv 1] 15/12/2005 17:42

Thanks md. I've gone for 15,000 Belitung Zinc. If they ipo at 40p I'll be more than happy! Cornhill certainly seem an approachable bunch on the phone. Provided the region stays politically stable and the China/India growth story and hence high mineral price continues then I'm hopeful we will all make a good turn on Belitung. Good luck to all.

[tmccooey] 15/12/2005 15:25

i have dipped in for 7500 , not sure if they will double in 6 months but i am happy to let them ride

[mdchand] 15/12/2005 14:08

spiv - like most brokers, they punt the good, the bad and the ugly. i was lucky to get involved with MTL and have done very nicely. Also think MOG will come good. You have to take each ipo on its merits and invest accordingly.

Admin wise - no worries buying / selling or wiring profits etc.

[spiv 1] 15/12/2005 12:52

Hi guys

Am thinking of going for Belitung Zinc also. Have never dealt with Cornhill before. How do you rate them?

[dhamilton] 09/12/2005 09:47

Tmccooey
So am I, How many were you offered?

[tmccooey] 09/12/2005 09:16

no

was going to but didnt like the time scale and it seemed abit too risky for me , middle of nowhere etc etc
going in for the next one BELITUNG ZINC

[dhamilton] 09/12/2005 08:30

Twccooey,
Did you buy into Black angel as well ?

Andy, In NML case it's not Angola, I think it's the company!

[tmccooey] 08/12/2005 17:32

andy

quite pleased it was the first time i had used them and so didnt go mad just dipped my toe so to speak, surprised that they have not issued anything and no news in the pipeline and the price has held up

what else are you in at the moment

fwiw

PET
TMC
DAG

regards

[andy] 08/12/2005 14:08

tmcooey,

From what I heard, they had a tough time getting the placing away, and perhaps the proof of that is that there is clearly no aftermarket for placees to sell into.

I also think people are wising up, and not prepared to give an easy profit to those priveliged to be in the placing, most prices fall back eventually, it's just a question of patience.

With NML proving what a tough place Angola can be, I for one will be waiting until there is something more concrete on the table before considering a purchase.

I'm grateful that Cornhill didn't ring me now, (although I was annoyed at the time) as I would have bought, and possibly used funds that have done better elsewhere.

[tmccooey] 08/12/2005 13:28

got bored of waiting jumped out with 25% profit from pre ipo , cant be bothered waiting any longer good luck all

[shavian] 07/12/2005 18:25

Boredom is setting in...zzzzz

[tmccooey] 29/11/2005 09:06

i thought we would have had some news by now nothing to get the after market exicted so far

[shavian] 24/11/2005 18:50

Agrred - strong move by the Boss

[beaufort1] 24/11/2005 17:01

Nice to see Tim George pitch in with 50,000 shares at 45p. He didn't have to do that - statement of confidence in the co.

[dhamilton] 24/11/2005 09:47

Another tick up, posible news?

[beaufort1] 23/11/2005 14:10

Nice to see a little tick up. Going in the right direction.

[andy] 22/11/2005 15:13

shavian,

Yes it would appear there isn't an aftermarket.