Close Enhanced Share Discussion Threads

[davebowler] 28/11/2007 12:04

Based on the values of the commodities as at 21 November 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be
256
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

[skyship] 08/11/2007 18:18

Tiltonboy - that 5000 was to have been my 5000 top-up but I was late logging on and they had gone to 2005-9 on your buy!!! I forgive you....

Talking of BLT - did you see that strange spike to 18.80 at 11.00AM. That was a great shorting opportunity missed. Some fund must have lost a packet over that. I just wish I'd been around to buy SL50 (the BLT c/w £16 Dec'08 PUT). They traded down to 14p before closing back up @ over 19p! Damned expensive trip to the Market!"

[davebowler] 08/11/2007 12:30

We need all the discussion we can lol, and the buyers too.
After the BHP news I am surprised at the muted reaction here.

[tiltonboy] 07/11/2007 10:55

dave,

I was talking to SKYSHIP...lol...

I bought the 5000 CED which pushed the price better this a.m.

tiltonboy

[davebowler] 07/11/2007 10:49

I do, and yes it is!

[tiltonboy] 06/11/2007 18:16

SKYSHIP,

And as every day goes by, we edge closer to redemption. I know it's still a long way away, and a lot can happen, but every little helps.

I used to monitor the NAV and years/months/days to go on Murray Global, and it's frightening to think that they wound up 18 months ago!!!

Where does time go!!!

I bought a few small lots of CED today, and will be adding selectively for clients.

Not sure whether you visit the AMN board at all, but their discount to NAV looks absurd.

tiltonboy

[skyship] 06/11/2007 18:02

Obviously most people think current Gold & Oil levels are unsustainable, otherwise why else would CED @ 205p Offered be at a 25.7% discount to the current underlying - which by my spreadsheet is now 276p! The GRY at that level is now back up to 13.83%.

Might well top-up regardless of "Sustainability" questions.

[davebowler] 01/11/2007 16:56

Discount now ,arguably, almost 25% to NAV

Good play on Gold and the declining Dollar.

[davebowler] 01/11/2007 16:52

Based on the values of the commodities as at 31 October 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be
268
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

[davebowler] 26/10/2007 11:11

Based on the values of the commodities as at 24 October 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be
255
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

-Discount arguably of 20% to NAV

[davebowler] 16/10/2007 11:38

The Japanese housewives are coming.

[davebowler] 15/10/2007 10:28

: Metals - Gold hits new 28 year peak, platinum surges to new record high
Date : 15/10/2007
Time : 10:10
Source : TFN

Metals - Gold hits new 28 year peak, platinum surges to new record high
LONDON (Thomson Financial) - Gold rose to a new 28 year peak as the US
dollar weakened further against the euro and as oil prices held near new record
levels set on Friday, sparking inflation concerns.
Meanwhile, platinum set a new all-time record on continuing supply worries
in South Africa.
On Friday, the country's largest mining union said it plans a one-day strike
over deaths and accidents at mines.
The news came amid continuing supply disruptions at Anglo Platinum's
facilities in South Africa. The disruptions are a result of power outages in the
country that began last week and could last through this week.
"Platinum... continues to hold the most bullish forecast of the precious
complex as the already tight fundamentals could be made tighter still should
South African mine workers strike," said TheBullionDesk.com analyst James Moore.
At 9.37 am, spot platinum was quoted up at 1,420 usd per ounce against 1,417
usd in late New York trades on Friday, having just set a new all-time record
high of 1,422 usd per ounce.
Spot gold was up at 756.30 usd per ounce against 748.75 usd in late New York
trading, having just climbed to 756.40 usd -- its highest point since Jan 1980.
"Gold... looks set to make further tests higher in the coming sessions as
both speculative and investment money flows into the market," said Moore.
He added investors will also continue to look to gold as a hedge against
inflation, particularly with oil prices set to remain high as winter approaches
in the northern hemisphere.
Elsewhere, silver was up at 13.93 usd per ounce against 13.79 usd, while
palladium rose to 376 usd per ounce against 374 usd.
maytaal.angel@thomson

[davebowler] 12/10/2007 12:55

Based on the values of the commodities as at 10 October 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be


249 pence.
This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

[davebowler] 10/10/2007 15:34

Based on the values of the commodities as at 28 September 2007, and assuming
these values were to remain unchanged through to the end of the life of the
Company, the final capital entitlement per Share on the Redemption Date would be

251 pence.
This is not a forecast nor is it a reflection of the net asset value
per Share and takes no account of any unforeseen circumstances and is provided
for informational purposes only and should not be relied upon for investment
decisions.

[red army] 08/10/2007 12:04

Just bought a few at 193.5 and 194

[davebowler] 05/10/2007 10:00

Tipped by Andrew Mchattie of Warrants Alert.

[davebowler] 27/9/2007 11:17

Based on the values of the commodities as at 26 September 2007 and assuming
these values were to remain unchanged through to the end of the life of the
Company, the final capital entitlement per Share on the Redemption Date would be
246 pence. This is not a forecast nor is it a reflection of the net asset value
per Share and takes no account of any unforeseen circumstances and is provided
for informational purposes only and should not be relied upon for investment
decisions

[badtime] 24/9/2007 08:58

nice markup

[ianbrewster] 21/9/2007 14:04

There is a piece in today's IC on gold ETFs - they mention BULL, PHAU and GBS.

All are $ denominated and have underperformed in sterling terms recently. If you don't want the pain (or gain) of the currency movement, you could always hedge it yourself with a SB or CFD position.

[davebowler] 21/9/2007 14:00

No, I think this is the only one which protects the Gold content from a reduction in the Dollar.

[richandjanet] 21/9/2007 13:57

Anyone come across another investment vehicle that can tap into the gold price I have looked at BULL and PHAU which are perfect except for the fact that they are priced in $ so you also have exchange rate risk. So any gain in the gold price could be wiped out by the collapsing $

[skyship] 21/9/2007 12:42

Today's NAV - 246p by my model. Equals previous high.

[davebowler] 20/9/2007 15:16

Based on the values of the commodities as at 19 September 2007 and assuming
these values were to remain unchanged through to the end of the life of the
Company, the final capital entitlement per Share on the Redemption Date would be
244 pence. This is not a forecast nor is it a reflection of the net asset value
per Share and takes no account of any unforeseen circumstances and is provided
for informational purposes only and should not be relied upon for investment
decisions.

[badtime] 19/9/2007 18:09

Evetually bought afew yesterday at a tad undr 181...btr l8 than nvr i guess

[davebowler] 14/9/2007 12:54

All time high.