Bullabulling Share Discussion Threads

[the count of monte_cristo] 04/7/2014 08:33

Rosco - before you turn your back on the AIM miners consider deeply the following;

- The small cap resource sector situation back in 2008, and what investors were saying then and that they were turning their backs on the sector and what happened to those same stocks over the next few years.

- The fact that we are living in unusual times, THE largest migration of rural to Urban human movements, ever in the history of the world. Where will all the resources come from to feed and house these people?

- The fact that the global population is growing.

- Africa is on the rise, India is decades behind Chinas development and growth and now have a new leader.

- That arguably the resource stocks have bottomed, they have been dripping down for years, investors have suffered death by a 1000 cuts over this period.

- That the time to invest in a sector is when it is unloved, when people indicate emotionally that 'they have had enough' 'will never invest in AIM resource stocks again' etc indicates a near bottom.

- That if you choose the right stocks with cash, good management and good projects and have a few years time horizon you may well beat any investment in large cap stocks.

- The question of, what happens when the world really starts to grow again, whether that's in 2015 or 2017, what will happen then to the prices of things like copper or cocoa, for example? The markets are short term thinking, they do not see long term, and embitter investors to have this same view. The world is going to have MAJOR resource issues over the coming decade, wars over water, oil and food will be more likely. Look at India banning the export of onions, last year people were robbing trucks loaded with onions at gun point in India.

Now may actually be THE time to focus on investing in some of the AIM resource stocks, IMHO.

[rosco46] 04/7/2014 07:48

Well I have given my instructions, ah well shxt happens no more junior miners for me. I will be putting whats left into QFI and hope I get some of my losses back.
It's been great reading your comments over the past years, best of luck to one and all. Happy dealings from now on. Maybe bump into some of you elsewhere.
Cheers
Rosco

[the count of monte_cristo] 04/7/2014 07:20

Well done to most of you on the takeover deal, shame the price was not higher but this is the market at the moment.

OT - Might be worth keeping an eye on, or completing some dd, on AIM and ASX listed MNC, sitting on a 1.3bt copper project in Peru.



www.proactiveinvestors.co.uk/companies/news/69570/metminco-valuation-put-into-perspective-by-first-quantum-copper-deal-69570.html

[264091] 04/7/2014 01:21

I wish him a long and permanent retirement. Beevor might join him in the retirement home.

[johnma] 03/7/2014 23:01

Hi BrettIt's a shame when we fail to achieve our goals. I thank you for your efforts and honesty.Just a point to reflect on - if you ever get involved in a listed company again - know your shareholders and improve your approach to protecting your share price. It's your currency and if fairly priced avoids bidders from trying it on.Good luck for the future Best John

[wimbled] 03/7/2014 22:33

sold out move funds into AAZ. Self funding gold miner. Looks as if the process issues have been resolved.

[carl79] 03/7/2014 15:34

blik...I accepted because I think being a minority shareholder will be bad news...they cite this themselves as a reason to accept..."you dont want us in control if you are a minority scrub!"

[blik] 03/7/2014 15:17

I'd like to know what happens to minority share holders. Will there be a delisting, and forced to take whatever is offered then?Anyone considered buying NGF now?

[carl79] 03/7/2014 14:42

Why dont BGL return all their cash in the bank to shareholders and stop doing anything that costs them money?

[frogboy11] 03/7/2014 13:57

West African Minerals Corporation (WAFM) Takeover Talk,Jindal Steel and Power (JSPL) is close to acquiring an iron ore mine in West Africa to secure raw material for its recently commissioned steel...

[temujiin] 03/7/2014 13:41

Well I've just bought 250000 @4.2 which should give me another £380 before I accept. Suggest others do as well if cash available. Every little helps I guess. Such a shame.

[jaws6] 03/7/2014 12:58

In td you can accept for AUS stock but not for uk stock BGL online .

[jaws6] 03/7/2014 12:53

Clive
He must have lost lot like me and you too. what can he say ? again CHINA word comes to mind ??
Hope you keeping well .

[clive205] 03/7/2014 12:49

Like many I've been holding these for a long time and have to agree with all the comments. Looking at today's trades I don't understand why anyone would be selling unless they just can't be bothered to wait a couple of weeks for the deal to close.Whatever happened to David Black? Anyone know?

[jaws6] 03/7/2014 12:40

still lots of confusion with brokers .
TD is not sure still
so does sippdeal
I have only heard from 1 broker out of 6 account.

lost lot on this and at last very sad end for BGL shareholders who trusted team and lost out.
well learn lot from this loss and fighting within co.
lots of talk but not real return here but big loss for some pi like me.

[stuart14] 03/7/2014 12:35

iii have got their corporate actions team going, just TDW now. Still can't decide to accept the offer with both accounts. Would think Norton will get the lot now either way so makes no difference.

[retailronnie] 03/7/2014 12:34

leedskier, don't think BL is that commercially capable, just think he's a technician that had no idea of the implications.

Would the bid had gone through had PMG been at BGL, I don't think so.

[leedskier] 03/7/2014 12:32

Interesting but not at surprising that your trades were not shown Sat. No wonder we rarely know the true picture.

[stuart14] 03/7/2014 12:18

Sweet- nice one Sat69

[sat69] 03/7/2014 12:12

Stuart - I spotted that yesterday and I see it as free money! I bought 1m shares at an average of 4.19p (blocks of 300k and 200k but my purchases were not shown). I have instructed my broker to sell the whole 1m at 8c. If I get 4.42p per share, I will make a profit of about £2300. I can't see the downside unless the exchange rate used to pay me is very poor, but even then I should make something.

[leedskier] 03/7/2014 11:52

sharkattack, pretty obvious, it was to hammer the share price to invite a bid. It back fired because there were no bids at say 10p.