Ridge Mining Share Discussion Threads

[the metal man] 02/4/2009 13:36

GS, I am absosutely fine thankyou and I am not misleading anyone, just making a general statement.

Sometimes being evasive can answer more questions than it poses.

Cheers.

[giant steps] 02/4/2009 13:22

TMM, you need to lighten up and not mislead.
Again, i did not say that i didn't own any PLAA !

Anyhow, all the best.

[the metal man] 02/4/2009 13:17

GS - Mango.

I'm not going to be involved in a personal slanging match.

Suffice to say I believe it is disingenuous for anyone to make such a comment on a board about other users who may hold the stock, when the person making the comment does not.

I'm done with this.

[mangotude] 02/4/2009 13:00

because you don't hold.

You're an idiot fantasist.

[giant steps] 02/4/2009 13:00

TMM, i do not see whether i hold or not is relevant.
That is the answer to your question.

It makes no difference to the investment choice for others

[the metal man] 02/4/2009 12:56

GS, in that case do you hold PLAA?

[giant steps] 02/4/2009 12:54

TMM, be very clear i stand by the comment, it's not an apology for the comment
(i apologize if the message was unclear in the first place, tongue-in-cheek)

Yes, let's drop the subject and move on.

[the metal man] 02/4/2009 12:47

GS

It's good of you to make an apology to those who may have been offended and it perhaps negates the need to ask questions. I do not wish to dwell on the subject any longer.

[ad1967mc] 02/4/2009 12:38

I'm very pessimistic going forward. I think the reaction to the crisis by the US and UK has totally missed the point. We're burdened by excessive debt. Adding more can only prolong the process as any green shoots get poisoned by both increased interest rates and more taxes. The need to pay down debt will continue to drive the economy. That means higher savings rates, less investment and spending, so stagnant or declining GDP. It also means continued destruction of asset values, most particularly housing, as more and more people become forced sellers due to growing long-term unemployment.

[perfect choice] 02/4/2009 12:34

Agree AD, it is starting to look like everybody thinks the recession is over, but we are still forecast to head to 3M unemployed later this year.

There are short term profit opportunities for sure as shown with the nice rise this morning on RDG but I am much less hopeful of the next 6 months.

[giant steps] 02/4/2009 12:34

TMM, apologies if message was unclear

[the metal man] 02/4/2009 12:31

GS

As a holder of PGM stock, your comments were on the PLAA thread and, therefore, I assume that you must hold PLAA as I do (along with RDG and PPN). As a holder of PLAA it arguably gives me the right to make such a comment, except that I would not. If it was intended to be light hearted, it did not come across so IMO.

[mangotude] 02/4/2009 12:13

Sounds the most likely outcome AD.

I'm not sure i'd go so far as dire, but it's not going to be pleasant for a while.

I'm most unsure about what degree property prices will play, as surely there is another reckoning there once interest rates recover.

[ad1967mc] 02/4/2009 12:10

The current stock market rally is a classic bear market bounce. The markets got ahead of themselves. They were too bearish and there were too many traders playing the short side. That's simply not sustainable. What's more investing has become more and more about playing sentiment and momentum. Fundamentals are a secondary factor. So moves like this become self fulfilling, pulling in foolish money who mistake the action as a bottoming process.

What makes me laugh is the reaction by the financial press. These mathematically challenged fools mistake economic indicators coming in better than expected as signs the global economy may be stabilising. What utter crock. All it shows is that the rate of decline has slowed. The outlook remains dire. Considering how the economy fell off a cliff in Q4, a little rebound was to be expected. Simply put, people who deferred purchases or destocked too aggressively have to buy.

All of which is excellent news for RDG. The positive sentiment should facilitate the proposed merger, which hopefully will be tied down before reality bites back.

[mangotude] 02/4/2009 12:08

GS,

you never say what stock you hold because you don't. not at any significant amounts, it's obvious.

You've exposed yourself today more times than that bank holiday you spent on Hampstead Heath.

[giant steps] 02/4/2009 12:06

TMM, the comment about ridge investors arriving on PLAA thread was again
tongue-in-cheek. Investing should be fun and pays to have a lighter side
to the otherwise serious business of making money.

I do not publish stock holdings, but yes the portfolio includes pgm stocks

Hope that helps.

[the metal man] 02/4/2009 12:00

Post 1529 on the PLAA thread is what I found tiresome, and post 1550 was in response to it.

[mangotude] 02/4/2009 11:35

GS, it's right above your last message.

Take your time.

[giant steps] 02/4/2009 11:33

Metal Man, i've scanned back several pages on this thread
and still see no question, apologies if i missed it.

[mangotude] 02/4/2009 11:30

From PLAA thread:



The Metal Man - 30 Mar'09 - 16:24 - 1550 of 1558

...(edit)...

Question for GS. Do you actually hold any of the Pt stocks?

[mangotude] 02/4/2009 11:28

Metal Man,

You've put it more gracefully than I did, but probably more effectively.

[giant steps] 02/4/2009 11:27

Sorry Metal Man, what question did you ask ?

[the metal man] 02/4/2009 11:27

Mango

Like you, I objected to some comments from GS and so asked the pointed question. We are a democratic community and as such like anyone, GS is free to make comments. However, it also means we can question the grounds on which he makes them. It is his silence on the subject that answers my question adequately, unless he proves otherwise.

[murrayteller] 02/4/2009 11:20

Wise move Mango. We have no idea what's in store next week after this rather perverse rally. For christ's sake the Automobile Index is up 20% - there's something truly wrong. Meanwhile look at XTA go? Ah, if only Metal Man was right and they snuck in a bid while their spirits are high. "1.50, no problem, we're about to be bought out"