Angel Mining Share Discussion Threads

[gb234] 22/1/2013 12:33

There has been/is a pump n dump going on here.M4us alerted the Top Traders (CR.)thread to this well over a year ago.Periodically the likes of eye2,vivgav,m4us give this a pump.They don't care about fundamentals or what news is due they simply get the MMs on the run,helped by the likes of Cubey.They then dump out for a profit at some point.They get away with a profit aslong as bad news doesn't arrive in the middle of the pump.We know bad news is due here soon so don't get suckered into this pump as it will end in tears for you.

[gb234] 22/1/2013 12:04

Good point reallyrich.Badhshah don't forget to take Cyrus 6% cut out of the profits and the other company costs.The $800 oz is only mining costs.So IF 1750 oz mined in 6 weeks the costs would be $2.1m.1750 x $1690 =$2.957m - $2.1m = $0.857m less 6%.If ANGM mined 22500 oz it is 22500 x $1690 = $3.8025m - $2.1m = $1.7025m less 6% to Cyrus = $1.6m less other company costs.Still nowhere near $3.85m needed.(Then deduct atleast 7% as dore like reallyrich pointed out,which makes production cash even less)

[induna123] 22/1/2013 11:35

Cube boss
22 Jan'13 - 09:17 - 7851 of 7885 0 0

Nice 1,333,333 buy @ .6


That trade is looking a bit lonely now ;)

[sleveen] 22/1/2013 11:32

1 kg dore = 90% Au 10% Ag.

[reallyrich] 22/1/2013 11:27

Actually you are both wrong as that oz projection is for the gold dore. I believe and I am sure Sleeven will back me up is that you can reduce that figure by 5-10%. It is in one of the rns, but will have to look later to find it.

[badhshah] 22/1/2013 11:16

Again not 2750 ......I meant 1750oz.

[badhshah] 22/1/2013 11:15

Gb after the cost of 1.4m comes the profit of 1.5m which you don't talk about.So basically if the production is 2750oz per month the profit will be $1.5m per month.

[moister] 22/1/2013 11:11

Looks like GB could be right about the traders pumping the price!!!!! GBKB...

[gb234] 22/1/2013 10:50

p3ru,so should LGO.Mug punters here will get screwed when news of capital restructuring and dilution arrives.

[gb234] 22/1/2013 10:47

:) Dishan,ps and down again,back to 0.5p bid soon imo.

[p3ru] 22/1/2013 10:46

While we await news o/t BAO could and should double in the coming days with a string of important news due!

[gb234] 22/1/2013 10:37

My thread Dishan,if you don't like it filter me. :)

[dishan121] 22/1/2013 10:32

21 post already this morning from GB...seriously WTF!!

[gb234] 22/1/2013 10:29

0.55p bid now and that won't last long.

[gb234] 22/1/2013 10:25

Long termers, sell some into this pump n dump before the share price is back at square 1!!

[gb234] 22/1/2013 10:22

573251 shares bought at 0.519p and sold at 0.56p,just a traders pump n dump,a few more of them are now bailing and the share price will zoom back.Some on here are positively green.

[gb234] 22/1/2013 10:15

Pump n dump on NO news,just traders from Top traders thread,ticker CR. having a punt.Read the thread around 9.00am, eye2 started the pump after buying some.

[moister] 22/1/2013 10:12

20m shares go through today, great news on its way, hey hey hey.......... MKB

[cube boss] 22/1/2013 10:11

B nice if you got in your case and shut the lid!..:0))

[gb234] 22/1/2013 10:10

I think day traders are often very useful.This is a typical example.They have given long termers a chance to get out at 0.56p before news hits that will decimate the share price Unfortunately most won't take it as it means consolidating a loss.It is the best course of action IMO as dilution is coming along with capital restructuring and the loss of 75% of BAM.ANGM can always be bought back later once the $30m debt situation is resolved.

[moister] 22/1/2013 10:06

Take off!!!! MKB

[gb234] 22/1/2013 10:04

Dishan,I only 'rested my case' over Badhshah disputing my $1.4m costs per month,as you know. :)