Aquatic Food Share Discussion Threads

[frankg] 30/9/2005 07:03

so...predictions of mid teens upon return to market seem a little off the mark at the moment then....

[holkham] 30/9/2005 06:54

This could fly - Teeling's been thrown out

[dutch dexter] 30/9/2005 01:46

Thanks for the tip Asmodeus. I'll keep it on my watchlist, even though i was thinking of a company closer to production.

[powerbooks] 29/9/2005 20:22

Take a very close look at Minco which is a Gold/Silver/Zinc miner and which is currently a BUY. It's rising for a very good reason. The Bankable Feasibility study for 'La Laguna' is now only days away. See this recent statement:


Minco sees Laguna feasibility study completed in Oct

And here is an extensive analyst report issued August 2005 valuing the shares at 30p on current projects:

On that basis we arrive at a sum of the parts valuation for Minco of 41.35 million pounds (30p per share) pre-exercise of warrants and options or 44.1 million pounds (27.3p per share) assuming full conversion.

However this valuation will increase. Read this drilling report from just a few days ago:

"The Pallas Green drilling programme continues to provide positive results. The emerging results confirm our belief that the Pallas Green project has the potential for more than one economic zinc discovery.

And read the interin results from just 2 weeks ago:

In addition, the acquisitions currently under review could enhance the value of your Company significantly. Our vision is to be in the top 15 silver producing companies in the world through dynamic growth within 5 years.

Rolling and fixed expiry spread bets available for Minco.

[asmodeus] 29/9/2005 19:57

Dutch - if interested in Uranium you might like to look at Vane Minerals (VML).

[dutch dexter] 29/9/2005 18:42

WS, i bought those shares when i just started investing (which is only first quarter this year!!!). Wouldn't step into a company so easily now, even though i think Farallon Resources isn't a bad company. I've got some companies on my watchlist, but i'll only buy when the time is right, i.e. when the sentiment is negative, the share is greatly undervalued and the bottom seems to have been found. Many opportunities out there, so why mind if you miss out on a few. Would like a uranium producer in my portfolio. Can only head up in my opinion.

The nickel price should stay high. Demand from China especially will only increase over time. Having a good nickel mine as part of the company assets is not a bad thing imo.

[bennie buffett] 29/9/2005 16:20

Bindura Nickel mine meant to be very profitable but these Mwana guys I would say are going to bring more ex-Anglo projects to African Gold IMO

10p on re-list

[wstirrup] 29/9/2005 16:18

The problem for mines outside of Africa are production costs.

Most miners don't come cheap in the West due to health and safety regulations. In Africa lower wage levels mean you can get a mine to be productive at lower average g/t and break-even at minimal production quantities.

With China, India, Russia and Brazil all developing at break neck speed costs will escalate there, and that really only leaves Africa with a very low cost base.

W.
:¬))

[wstirrup] 29/9/2005 16:10

Well...

The vast majority of my AFG holdings were bought at 4.65p, so anything more than 6...and I am WELL in profit..:¬)) BUT, I'm seriously expecting double figures for these when they return.

In the medium term, if we can raise the cash from Mwana to fund the Konongo mine, to production (most infrastructure in place) then we can use the profits from that to fund expansion into the other sites, and perhaps get Banka up and running, which gives a great deal more upside if the initial; finds prove to be more than illusory.

As for Farallon Resources, a few nice drill holes don't make a Good Company, especially if the exchange rates are against you, but the silver and Gold finds in 2 of the holes make for interesting reading...I wonder if they'd care to give me a peek at one of the their maps, and loan me a pick-axe..:¬))

W.S.

[1inamilion] 29/9/2005 16:06

everything crossed for some GOOD news tomorrow.

[no1smudge] 29/9/2005 13:42

$ by Gold price $ AFG do look a sound investment. Brighter prospects to come!

[wstirrup] 29/9/2005 13:20

No news isn't necessarily BAD news on here, The Gold price, and $ are moving in our direction...

W.

[plunge] 29/9/2005 12:35

jponnn

Up until now I have always feared JT's large shareholding (including options) could be used in holding the rest of the Board over a barrel. The hope is once/if the new deal is concluded JT's influence will diminish. Fingers crossed !!!

[lushlips] 29/9/2005 12:16

wendsworth - the alleged 3 weeks you speak of was straight from the horses mouth so to speak, I have no reason to disbelieve AFG when they are telling me that trading will resume within 3 weeks (from 20th September). But it is possible that it will return much earlier. Fingers crossed it will and be worth a heck of a lot more

Lush

[wendsworth] 29/9/2005 12:06

jponnn: So is African Diamonds ....prepare to be 'shocked'!

[shirishg] 29/9/2005 11:57

Post removed by ADVFN

[wendsworth] 29/9/2005 11:41

Accepting that AFG is an AIM stock , and Mwana are said to be looking for a London listing through AFG , - there's no way that trading will re-commence without a PRIOR announcement to the Stock Exchange.I do accept however that the market has got 'wind of a return'. The MMs could well be 'fiddling with the system' - in an attempt to endeavour to guage the likely 'froth and bubble' reaction to the eventual return to trading.

My money's on a return tomorrow (in line with the company's alleged utterance of 'a probable return within three weeks' of suspension ) with a pre-market announcement. Friday is a favoured day to return ....gives time for Weekend press comment and a further reaction on Monday.

As the prospective bid situation was kept tightly under wraps (for once!) ,with the price of Gold and Gold shares 'gooing through the roof' , I reckon the MMs are going to have to offer north of 10p on return and I think they know it!

[bennie buffett] 29/9/2005 11:28

My bet tomorrow or monday...

What are the bets on where it will open up?

Mine is - 9p/10p

[1inamilion] 29/9/2005 10:43

Thanks for that VIG009. lets hope when it does open it will be in teens at least.

[sawbones] 29/9/2005 10:09

therefore there must be news forthcoming if they are fiddling about......3pm today or early tomorrow is my bet

[vig009] 29/9/2005 09:59

Got a call that they will cancel the transcation which I have put....As this opening is an ERROR