Mining Minerals & Metals Share Discussion Threads

[1waving] 10/4/2009 19:21

If anyone wants a pretty quick trade for the coming week look at VGM -- RNS yesterday saying they have received a number of approaches. Traded up to 1.05p yesterday but market cap still only £20million with 5.8 million ounces of JORC resources at the producing Fiji mine where they are ramping up production and need new haulage equipment to increase production. If you can get in quick there may be quite a way to go on this but DYOR as always. Could be well over 5p takeout price but many seem to think 3p upwards. At only $50 per ounce that is close to $300 million / a little over £200 million which would give a share price of over 10p -- it's a cracker !!!

09 April 2009
Vatukoula Gold Mines plc

Possible Offer

The Board of Vatukoula notes the recent movement in its share price and confirms that it has received a number of approaches which may or may not lead to an offer for the entire issued and to be issued share capital of the Company. Discussions are at an early stage and further announcements will be made in due course as and when necessary. This announcement has been made without the consent of any party making an approach.
---------------------

I would think it will reach 3p pretty quickly.

[bongo bwana] 10/4/2009 18:30

Not going bad at all Stenners.

During the year to date I have recouped all losses incurred through RGT and others like IDD, SMR etc thanks to the 2 main Irish Banks which I no longer hold.

Have bought 100,000 INM (where I think a story is developing and was reflected in yesterdays buying action and share price movement) but RGT has been back on my radar seriously again since Barclays recent buying action.

I saw that patent issue flagged earlier today over on RGT and intended having a real good look later in the w/end. Many thanks for the flag on it Stenners and I will return to you on it.

[share_shark] 09/4/2009 18:48

how the hell did this post get to 4595?

Should be 4597 LOLS

[bongo bwana] 09/4/2009 18:40

SS - once agin you minx - U have me completely bambooozzled and in a vortx of the unknown.

RTO is not a firm Im observing or discussing anywhere though its defensive quaities appeal to a growing band of investors.

Reverse take over possibly?

[share_shark] 09/4/2009 18:30

Yeh, yeh, you can tell it is Easter already for some.Must be that Guinness again.


I mentioned the company on another thread some time back.

It is not Regen

[bongo bwana] 09/4/2009 18:28

Is that in PL's firm ?

[share_shark] 09/4/2009 09:57

Just as well i have done good works for Glencar with my media contacts otherwise the guys and gals would kill me,on this bb.

.

[share_shark] 09/4/2009 09:55

Lols. It was your wife :)

[share_shark] 09/4/2009 09:48

. Close contacts of KC(cheap therefore).

You know for 30 years you have only called me SS and only once share shark(when you gave me a hell of a telling off)?

I did not realise that SS was not me but another SS. Taken me years to fathom too.

Wondered especially when I was working so close with TW and the media and the Glencar share price soared.

Beats the perception of a giggle,a wiggle and and a squeak of me ??

[bongo bwana] 09/4/2009 09:41

Now THAT is interesting.

Not bad news i hope SS.

They arent emmisary's from the Vatican per chance?

[share_shark] 09/4/2009 08:58

BB. Legal Bodes.

Mishcon De Reya.

[share_shark] 09/4/2009 08:45

Email this morning from one said person.

Perhaps she is but i dont know how she has my name,addy ETC.

[bongo bwana] 09/4/2009 08:41

No SS

but Im hopeful ......esp if shes the AGM femme

[share_shark] 09/4/2009 08:37

Excellent article IW, however I took some gold items into my usual jeweller,recently and they were offering 30% less, for the weight than five weeks ago.

[1waving] 09/4/2009 08:35

The Coming End of Naked, Pool and No Uptick Short Selling Effectiveness
Posted: Apr 08 2009 By: Jim Sinclair Post Edited: April 9, 2009

Extremely Important
Be Prepared
The end is close for the effectiveness of Naked, Pool and No Up-tick Short Selling

There are still extremely large (legal and otherwise) short positions in junior gold & silvers plus junior producers of both remaining uncovered as the ability TO POUND LOWER is coming to an end.

The short of gold on the COMEX, the short of gold in everything gold and silver is incestuous.

We have differences from time to time in market views, but I believe you respect my understanding of the technical characteristics and mind of the opposition in precious metals.

With a maximum of 60 days for comment on the reinstatement of a form, but an effective form, of the Up Tick Rule, cover needs to be accomplished in the next 90 days for the extremely large short position in the modest or low-volume trading silver and gold issues.

The short sellers, having DONE THEIR BEST TO POUND DOWN THE PUBLIC COMPANIES TO COVER, now have only one option left.

DIRTY TRICKS

You will recognize the dirty trick when it occurs.

You witnessed it in Royal Gold (RGLD) when it occurred. You have seen it in multiple silver issues. The South African shares have not been immune.

No precious metal share is immune for the next 90 days, none, no exceptions


Upward Surge From Uptick Rule's Return?
By RANDALL W. FORSYTH Barron's Weekly

Market's bottoming is a process that can't be hastened by government interference. WILL THE UPTICK RULE SAVE the stock market again?

Back in 1938, the original establishment of the uptick rule helped to reverse the 49% drop in the stock market over the 1937-38 period, according to Louise Yamada, the highly regarded head of Louise Yamada Technical Research Advisors.

Full article

[stenick] 07/4/2009 19:34

Don't mind me s_s my short term memory is shot to ~~~~.
Sorry.

[share_shark] 07/4/2009 17:41

Sten.. You KNOW which company we are talking about !.

No more OT.
Sorry guys and gals.

[stenick] 07/4/2009 17:39

I suppose they can go on thier beano now...lol..

[share_shark] 07/4/2009 17:05

Explains the conjecture !.