Central African Mining Share Discussion Threads

[davius] 23/9/2009 18:38

I exited IFL in the 60s a short while ago and have been watching the daily slide thinking about a re-entry point. Not sure if we're there yet though.

Have sold most of my CFM today, received 19.588 and 19.591 so reasonably content with that. Will probably hang on to the rest for 20p or the extraordinarily slim chance (pretty much non existant now I think) of a counter offer. 20p will simply have to do.

[the jackel] 23/9/2009 17:43

Check out IFL the share price has dropped to a nice entry level! Chromite demand will be increasing over the next few few years. Also check out AEX! Should be due a breakout!

[thebull3] 23/9/2009 13:28

Davius, not ramping BAL, i understand where your coming from but I'm sure they wont make the same mistake again, i wouldnt, the problem with camec is, to many chiefs and not enough indians as they say, i suspect, if they change the name of BAL and bring in a deal, I'd expect it to be nearer 100m mcap, they have never had a problem finding the deals and raising cash, despite the controversy surrounding them, if ENRC and Impala have faith, i sure do, its worth a punt, cfm wasnt all bad 1p to 98p peak, shame it didnt sell for that, jarvis is the same, was 200p a while ago, now 18p, BAL could easily be another if the fundementals are there, pennies make pounds, liquidity could get better.

I took 19.5 yesterday, could of held on for a while for 0.5p or have cash in bank and sleep better at night, i took the money, invested some in BAL at 8p and shorted antofagasta.

[davius] 23/9/2009 12:41

Hi thebull, I doubt I'd touch another company run by those two. I can't see how BAL can have a market cap of £35m when it has done very little since inception and sacked directors in March to save cash. Add to that the Ashedon holding (which appears to be a backdoor to their families taking a major shareholding in BAL) and I see more dodgy goings on. Also, 8 trades have moved the shares up 17%, far too illiquid. Always happy to take a look at any suggestions though.

Was contemplating selling half my CFM now. Can get 19.59p currently, but a limit sell order at 19.7p failed.

[thebull3] 23/9/2009 12:02

Davius, did you take a look at BAL? rumour has it edmunds and groves will change BAL to a mining company soon and start again after selling CFM to ENRC, seems very coincidental that BAL share price is starting to move north at a time when the Camec takeover looks complete. Good time to get in before a deal gets done, mm's short of stock though so hard to buy any real quantity at the moment.

[spike33] 22/9/2009 14:07

One more thought the instituitions bought in at 35p so was hoping this may stop the slide. But who knows.

[spike33] 22/9/2009 14:05

Hi Davius,

I bought some at 60p , and some at 40p ....still dropping !!

Have you had a look at WTI ? - Not in it myself was tempted to by some Monday at 3.75 - wish I did. a friend said te only problem could be with the dilution of shares.

Any others you fancy at the moment ?

[davius] 22/9/2009 14:01

Yes spike, wish I wasn't in it!

Have been in and out of MNR since before the failed limitless bid. It's been a blinder and has made me a few bob again today. HAWK on the other hand started well but has shown no signs of the expected break out. Though I think its only a matter of time before JR news gets it moving again.

We seem to be becalmed here in CFM, can't fathom why that should be... ;0)

[spike33] 22/9/2009 13:57

Any thoughts on Hawk ?

[mrshortforever] 22/9/2009 13:34

place your profits in MNR ?

breaking through 40p resistance NOW!



thank me at 100p

[startrekker] 22/9/2009 13:15

I hope you were all looking at CFU and SKR.

Just off to put a deposit down on a new Ferrari!

[davius] 22/9/2009 11:35

Good volume too, but I think it will be pegged back to no higher than 20p until the buyer is done. At around 100% I'd guess.

[darklord2] 22/9/2009 10:39

Lol Lol i like that gluefactory...

[gluefactory] 22/9/2009 10:25

Well spotted Arctic.Once this builds momentum there is no stopping it.My closing price prediction is 19.5p

[thearcticfox] 22/9/2009 10:08

Nice tick up. We're really moving now.

[thearcticfox] 22/9/2009 09:21

Charts looking good again today.

Oh, and I don't know if anyones mentioned HGM. Just released figures today - they're quite good also commissioning a new mine with a partner 1st Oct. Worth a look whoever asked for ideas.

[fountains] 22/9/2009 09:11

AMC or AMC and AMC is also good.

[bobt5940] 22/9/2009 08:36

ENK probably has greater potential than TMC and will rocket when its Chinese funding arrives.
XTA - a large miner perhaps but, to my mind, currently the best of the big ones, with solid potential.
PXS - volatile certainly but will really take off when the EEC agrees the `health` description of its health drink Sirco. This should happen very soon. CocaCola will probably license it.

[startrekker] 21/9/2009 22:40

Don't forget to take a look at CFU and SKR !

[dr jekyll] 21/9/2009 18:49

Good for you. We get caught up in worrying too much about ramping sometimes imho. I will have another look at all three. Cheers.

[jethros] 21/9/2009 18:06

AFR - big presentation on Friday, should continue progress to £2 (currently 80p)
OEX - Past the worst, could pop with news
TMC - So undervalued at the moment.

Yes, these are all ramps. Yes, I hold them all, Yes I believe that all of them will make me money from current levels.

[dr jekyll] 21/9/2009 14:49

MANA, PPR, RRR, RGM, GAS, WBN. The last one will move up fast on any positive A imho.