Amur Minerals Share Discussion Threads

[madengland_] 22/2/2016 13:49

Great opportunity for those who failed to top up in last few weeks. This won't stay down long

[thejaba] 22/2/2016 13:38

Wow what a drop....

Duxy missing again..looks like he takes you guys to the cleaners all the time...10 posts a minute when it goes up from him...

No posts when it goes down.

[cashmachine2] 22/2/2016 13:36

Another manipulated rise to enable significant retail punters to be sucked in whilst the corrupt exchange continues!AMC is being walked up and back down and judging from the chart the next leg down has just commenced!

[peawacks] 22/2/2016 13:35

Yep. On the slide. That 100k buy you mention is only 2k down if sold !!

[roofer2] 22/2/2016 13:34

Told you all so called long termers would sell off into any rise, don't fall for ramping, that's all it is here ramping, there's no need so back below 5p by end of the week IMO

R2

[nicksig] 22/2/2016 13:32

peawacks - I'm already in! And from my experience, sentiment driven stocks such as these always give you ample time to take a position. What is costly is being caught on the wrong side of a trade. Whoever bought 100k early on is now over 2k down!

[gizmohican] 22/2/2016 13:29

Will be able to buy back at 6p ish again hopefully

[peawacks] 22/2/2016 13:28

Nick, I was just thinking that with so much going on here it could be quite costly if you get caught flat-footed when the share price spikes again. There is potentially massive upside from here, and haggling about a penny now could deprive anyone who misses the rise of large gains in a very short time. It's conjecture I know, but what happens if shares are suspended one day, and you are on the outside looking in ?

[gizmohican] 22/2/2016 13:27

auction for the big sell off?

[thejaba] 22/2/2016 13:25

Runs out of steam and hey ho...Duxy goes missing.

[nicksig] 22/2/2016 13:14

peawacks - I've sat on a substantial loss for months now. I don't see any reason for a sharp rise in the share price in the short term as these mining plays tend to take years to achieve any value. I'm happy to keep a core holding for the long term and buy more if the opportunity arises. Thankfully I took a 50% profit on Friday on a trade I took at 6p. That means I'm nearly break even

[3noddy] 22/2/2016 13:04

Older developments

While the focus has been on cuts in China to NPI production, it was interesting that Votorantim announced it will suspend some Brazilian operations - despite the company benefiting from a very weak real. Votorantim’s operations were not considered to have the highest costs; the fact it is cutting may well mean some of the higher-cost smelters in Oceania will follow.

Conclusion
Prices are recovering from the spike lower. The fundamentals remain weak but, with so much capacity deeply underwater, we have to hold the view that the furture fundamentals on the supply side are brighter. We also feel the demand side could kick into gear should prices rally while the market swings from being destocked to restocking, which is a special trait of nickel and stainless steel. But a catalyst is needed for that. Even if we get a rally, it may not last while LME stocks remain high and do not appear to be tightly held.

So we wait to see whether this is a rebound, suggesting the break lower was a false one, or a test of the breakdown levels – i.e. how much supply is still up around $8,300-8,500.

[northpole24] 22/2/2016 13:00

Looks like we've run out of steam!

[madengland_] 22/2/2016 12:42

TT - I think that's improving sentiment for sure, but this seems too big a rise in too big a volume.

[trotterstrading] 22/2/2016 12:40

Anyone else think the recent rally is related to JP Morgan closing their metal short and calling the bottom of the market?

[peawacks] 22/2/2016 12:23

So, nick, you expect a rise then ? So why not get in anyway ?

[nicksig] 22/2/2016 12:08

I'll let my existing holding run

[madengland_] 22/2/2016 11:59

And if you can't?

[nicksig] 22/2/2016 11:49

If I can get back in under 6p I'll double up again

[northpole24] 22/2/2016 11:48

Let's hope this is just a shake!

[gizmohican] 22/2/2016 11:12

bang on madE

[madengland_] 22/2/2016 10:54

Well true Giz, but as with you I think, in it for the long term so it's that final sell out I am looking to bag....

[northpole24] 22/2/2016 10:50

And the rest

[gizmohican] 22/2/2016 10:49

madE we should be worth at least 100M now anyway!

[gizmohican] 22/2/2016 10:48

morning 3noddy cheers pal