Investika Di Share Discussion Threads

[wazza208] 03/8/2007 08:48

Well IVK and TMC on the up so far today i hope we will continue the rise now.

Good news in the far east will calm the market for a while, and W-F-Larry i'm sorry to hear you sold out but it could be bad timing that one i'm afraid.

The closer this gets to its deadline on issue of more shares, the more i believe the management are finding it a hard decision, and look more likely not to do so. IMO

They've had plenty of time, and are now in a situation where they will sell themselves cheap, and will not like to do that now.

Personally if it was down to me i would wait and see how much production Berong can manage in the wet season, and make my decision then.

The market correction is just bad timing for them and they don't have to stick to the 17th August deadline surely?

They need the investment for sure, but why not wait another few months they don't need the money urgently, they still have some time on there hands project wise?

They should do the sensible thing and wait for a better global market and in doing so increase their returns.

[strow] 03/8/2007 08:48

level 2 also now moved to 1 vs 1 from 1 vs 3 at the open :-)

[strow] 03/8/2007 08:44

Yes there has been an overhang,but i disagree with your on line limits-mine this morning with selftrade,can only buy 1500,but sell 5000-a big turnaround from previous days and indicates things are definitely on the turn
edit-beat me to it,but we concur :-)

[madmix] 03/8/2007 08:44

Online sizes have changed significantly now.

Can sell at a premium to bid, 5k at 215p. On the buy side, only 1.5k available at the full offer, 220p.

[s50cam] 03/8/2007 08:35

Lost message editing

Online limits have now changed to the same as yours. Both TMC and IVK showing life this morning. Is this the bottom

[strow] 03/8/2007 08:19

Nghomi-reason it did not push the price up then imo was due to the overhang that had been created by previous days selling during the correction-effectively it mopped up some of this overhang and as a result yesterday the online buy limits had decreased from 25,000 to 10,000 shares,but it did not move the price

[czar] 03/8/2007 07:00

Australia's most influential economist Ross Garnaut forecasts in a repoirt that China is at an historic economic and social turning point that will lead to an even bigger appetite for resouces at higher prices; "in 20 years timw China is likely to consume more energy and metals than all of the industrialised economies today" he says. This analysis is about to be published by the Rio Tinto Australian National University China Partnership.

Most countries increase their demand for metals and energy per person markedly when per capita income reaches US$2000-5000. In 2006 China's GDP hit US$2000 for the first time. The heighened demand says Garnaut will come from the increased consumption of resource-intensive products in China as more people become middle class and become able to afford new homes and more expensive goods.

The Australian 2nd August 2007

[world famous larry] 02/8/2007 22:18

This has been the disaster share in my portfolio this summer. So much so, had to ditch them, even though I thought they were looking to be a good prospect. The uncertainty seems to be a serious problem, I agree with nghomi.

WFL.

[nghomi] 02/8/2007 22:13

strow, you could be right. Having said that it would be worrying that even buying 190k shares would not push the price up!!!:-)

[strow] 02/8/2007 20:30

Going back to the 190k trade yesterday,the drop in the afternoon occured at 13.30 pm,the trade was reported at 15.05 pm with a bid offer of 200vs213 and the trade was at 210p-the mms as far as i am aware are allowed to report O trades above nms up to an hour late-this one would have to have been reported over 90 mins later,which is what makes me think it was a buy
And bzc was offered at 20p or £16m pre ipo and the plam was to list it at 40p,or somewhere between £30-40m m/c-gives you an idea of the upside they think there could be in it,if this was its proposed listing price

[strow] 02/8/2007 16:58

Fair comment-to be honest we still dont actually know they will do it-just have to wait,but if they do i think they will then announce what its for or at least as you say they should do

[nghomi] 02/8/2007 16:22

strow, I don't disagree with your speculative view. But what I am saying that IVK should announce their roadmap formally to the market. TMC has already done this. Using DSO profit, TMC would develop VA facilty. IVK should inform us that say by raising £10m, IVK could develop lp or something in that order..

[strow] 02/8/2007 16:10

nghomi-any company will need money to finance their projects-we have no idea what they intend to use £6m for -it may be for any number of reasons,but i trust that if they raise it,it will be through necessity to progress things and for that reason im not worried-it will im sure be very well spent-matter of trust really

[nghomi] 02/8/2007 15:46

strow, we say that IVK is undervalued given the current number of issued shares. We also say that IVK needs new money for developing her projects. How do we know that IVK would be undervalued after issuing loads of new issues?! IVK valuation is meaningless until we know how IVK would find enough funding to proceed to all of these projects. That's why, imo the best interest of shareholders is that IVK offload one or two projects. By doing so, we would need less fudnign as we will have projects. Even one of the IVK's projects becomes mature, the market cap will have to be a multiple of what we have today.

[buetowa] 02/8/2007 15:24

Yes, the challenge will be to see how quickly IVK can break that link and set it's own share price path! :-)

[strow] 02/8/2007 15:17

I know-was just joking and i agree as bzc was planned to list with a m/c of approx £20m(or was it £40m-ill have to check tonight) in its own right and we already know a lot of the value at las pasculas,their current value together,even though neither of them are in production should more than underwrite the current share price here without tmcs/berongs value-stunning if you ask me and so undervalued-but therein lies the beauty of it

[buetowa] 02/8/2007 15:11

Strow,
You're posts aren't noise and make very valid points. However, it just appears to my untrained eye that this share tightly follows TMC share price and probably to closely given all the other promising activities.
buetowa

[strow] 02/8/2007 15:04

buetowa-how dare you call my posts noise :-)

[buetowa] 02/8/2007 13:54

Looks like this is closely tracking the TMC share price when looking at the 3 month chart and everything else is noise. If I knew how to post a chart I would include.

[strow] 02/8/2007 13:29

Dont know if anyones noticed,but on the asx,over the last four days,they have wiped off 30% of the companys value on volume of only 30,000 shares traded-cant see whether they were all sells,but even if they were,they would have had a total value of say £70,000 !!!! £11.4 million has been wiped off the market capital-quite unbelieveable,but that must tell us its being manipulated as it just doesnt compute and also tells us that in fact there have been very few sellers over there and therefore that this current price is amazingly low,given the small sell volume and at some point it will probably explode upwards again

[strow] 02/8/2007 13:13

Question-will anyone sell when the discounted placing is announced?personally i doubt it-why would anyone sell with all this and a new cash injection coming into the company-sure know i wouldnt
I know s/ps tend to fall to a placing price or lower,but do they always??just cant think who would sell when everyone has known its coming for months!?
Thats what makes me think that the price may well not drift down in this case-fair enough if we didnt know about the possible placing and they suddenly announced a deep discount,but everyone knows about the worst case scenario and the discount-one cant "beat that discount"by selling as it will just push the price down and the shares can then be placed at an evenlower price-only way to do it is have some cash to put in it IF the price falls further due to selling after the placing-any thoughts guys??

[strow] 02/8/2007 11:50

Just from looking at the price really-it was not a t trade ,so had not been placed earlier in the day,although as an o it could have been reported up to an hour late as it was above nms-cant get advfn trades for yesterday atm-is that what you think caused the late drop and they reported it an hour later then?all depends on time it was reported and the hour before that in terms of bid/offer movement-maybe i didnt look closely enough last night-can you help?

[nghomi] 02/8/2007 11:45

strow, why are you so certain that 190k was a buy? imo 70% chance of that was a sell.

[strow] 02/8/2007 11:45

Well at least no one is selling either :-)

[ppowerscourt] 02/8/2007 11:19

LOL, for sure through looks of chart!