Rift Oil Share Discussion Threads

[pottingon] 25/10/2010 01:50

Mmmm D Bit
Cottage Cheesy
Indeend BD5
N Just look at that Char....t
:-)
Potts

[bigdog5] 25/10/2010 01:20

westie, no just couldn't part with the DB9 to raise the funds.

Isn't GKP getting Xcite ing!!

[westmoreland lad] 25/10/2010 00:23

HL -- ever seen me hype AGQ ? OK, I got invited to the placement @ 18p and
took some albit in the full knowledge imo that the share price would gap fill to c 18p

bd -- told you via an e-mail 6 weeks ago to lump into AGQ @9p -- did you ?

While on this thread, BZT was mentioned earlier. As DB knows I very rarely step
outside oils. I've loads of AGQ and was going to add more BZT on Friday until I saw the below poster -- urmmm, need to do some checking. LGW is correct -imv

AusGold - 22 Oct'10 - 10:07 - 1293 of 1299
wanted to check for myself so phoned Bezants very helpful pr company who confirmed there would be news on the scoping study but also a separate RNS to accompany the study

i tried but they wont give up the goods on the extras made me feel like a drongo for asking worth a go though and they seemed happy

LGW - 22 Oct'10 - 14:20 - 1294 of 1299

Thanks AusGold was it Threadneedle you phoned? I am surprised they even told you about the RNS.

[bigdog5] 25/10/2010 00:13

1. Marathon Oil have bought licences very near GKP and partner the KRG.

2. There's been another takeout that helps value the potential of GKP.

3. Various continuing rumours of what has been found.

4. Another excellent article this time from the Times.

5. Someone posted an article stating Shaikan will pump oil for over 50 years and its worth $542b over its life.

There's more but that will do for starters.

[offerman] 24/10/2010 20:04

B.D, Why? Whats changed to make them rocket within the next couple of weeks.

[tim00] 24/10/2010 19:26

starting at 8am tomorrow

[bigdog5] 24/10/2010 19:24

offers, just watch what happens in the next couple of weeks.

[offerman] 24/10/2010 18:29

B.D, gkp did just re rate from 65p to £1.50.

[bigdog5] 24/10/2010 14:54

P3, bought into RRR, just a few. I know zero about mining but the fact that Gold and Uranium are mentioned makes me think its worth a punt.

Most countries will have to accept that Nuclear fuel is the way forward so that takes care of the Uranium part and Gold is Gold, a bastion of civilisation and the banker of last resort when poo hits the wizzy contraption. So with RRR's fingers in certain pies looks a reasonable safe haven for a couple of bob imo.

You haven't mentioned RGM in your portfolio, any reason as peeps seem to be tipping it for great things.

XEL and GKP look ready to re rate.

[p3dr036] 18/10/2010 14:50

C&C did you actually read what I wrote above???

..."And they have also advised that the funds from the placings announced today at 18p will also be used for the same."

I follow AGQ and "read the news today, old boy!"

LOL

[cashandcard] 18/10/2010 14:33

P3dr036,

More news today at AGQ. Small dilution but it means we can resume drilling activity at San Jose, where 90% of the structure they are now mining from remains undrilled! That figure of £1.40 could get become more of a reality on the back of a successful drill camapign.


Cash

[novicetrade68] 18/10/2010 14:14

Thanks P3dr036 - I'll take another look re AGQ.

OMI seems to have well broken out...

I actually invested a bit of dough in KYS as a gold play and so far that turned out to be a right old stinker !

[lgw] 18/10/2010 13:56

Bzt now on the move, it is difficult to buy this when the shares are in demand, so better to wait for tree shake or dips.

[p3dr036] 18/10/2010 13:55

Re AGQ, it's not too late and I don't think you've missed the boat [only the early one!]

The view on the AGQ board [follow "sumjammer" who appears to have a good insight into what's going on] is that Arian is due to issue an announcement confirming that it IS formally in production with silver concentrate being delivered from the contract miller.

If they do make that announcement [and it can be inferred that one will be made from a study of the initial announcement about the commencement of the contract milling] it will hopefully give some figures from which one can deduce quarterly +ve cash flow figures. On the receipt of such figures, in my view the share price will rise beyond the current 20-21p - perhaps to 25p or so.

AGQ has already told shareholders that it intends to use the cash flow from initial silver production to futher explore the so far untouched 90% of the San Jose mine property. And they have also advised that the funds from the placings announced today at 18p will also be used for the same.

So far I bought at 6p in April, bought more at 15.5p last month and sold some at 19p early this month [needed the cash for something else!]. My average price is therefore 14.25p.

It is 4% or so up today so far and I'd be surprised if it didn't tick up further this afternoon when the TSX opens.

I repeat it's not too late for you.
[in my view only of course dyor and all that!!]
Peter

[Edit: Look at the Edison Report on AGQ that was issued in September 2010 - this gave a range of potential share prices of 47p - 140p per share. So today's price of 20/21p would still look pretty cheap if that came about - and I think it's quite likely. ]

[novicetrade68] 18/10/2010 13:30

If only ADVFN would allow me to change the name without having to reenter all my trades then nt would be a thing of the past!

Even though if EMED would 'only' jump from 10p to 15 upon permitting news...in my book that's still 50% upside.....

AGQ : defenitely missed the boat on that one, I was eyeing it around the 11p mark, and then what happened ...


Well, here's to EMED hoping to deliver lol

[p3dr036] 18/10/2010 13:03

You may be right, nt - but even if the share did double on the "news" of permit approval, it shouldn't be a problem. [I doubt the use of "novice" in your handle by the way!!]

My average price for the qty of EMED shares that I still hold is just over 10p/share. If I wanted to buy more post-permit award BUT pre-production [as that would still be 6-12 months away] the likely 18-25p price range [my estimate] would still be way below the likely price when full production of copper is achieved in 2012/13.

So I don't feel that I would lose out much - if at all. And currently there are still many many more attractive opportunities around in the small cap PGM's which 'dI rather be in.

Two examples:
AGQ = up 6% in the last week and
OMI = up 38% in the last week

[novicetrade68] 18/10/2010 12:39

P3dr036, I got back into EMED in July after selling out completely in December last year as I do believe the mine will reopen (although am not sure about THIS quarter).

I completely agree with your post. I think the whole thing has been such a shambles esp. for Spain's image and about doing business in Spain.

Just imagine this would happen in UK, no chance, or at least not the way how it's been going on there.

And then the thing with EMED is, whilst other shares are rallying, EMED seems to be stuck in mud....

My own reason for holding out now, is that I do believe once there is the slightest whim of permit approval the share price may well double and will be very difficult to get in again.

[p3dr036] 18/10/2010 09:50

Don't tell me!! I've held EMED at varying price levels for the last couple of years. Currently sitting on a few [at break even or slightly down] having sold most - just waiting for news. Getting very fed up with the incessant "how many angels are there on my pin [head!]" running backwards and forwards on the EMED thread with everyone trying to appear knowledgeable and offering their take on the situation.

Can't understand why people can't either:
1] keep schtum and hold the shares if they trust the management or
2] sell the shares and go away if they don't expect the management to win out in the end.

I personally think that the authorities in Spain would be mad not to allow the mine to re-open, as the area where it is located has the lowest unemployment in the whole country. However it could take at least another year for re-opening and production to start even with the most optimistic time scale. I will consider buying back into EMED when it is clear that re-opening the mine is definite. In the meantime there are other opportunities with better and more defined prospects - like AGQ, RRR, VGM and MML to name just four!

[novicetrade68] 17/10/2010 21:20

Chip's thread is great 100%. I believe BEM/BAO won't be on there because they aren't gold plays ; they only dig up Iron Ore. For that same reason EMED isn't on there which is also an interesting (albeit frustrating) play.

[p3dr036] 17/10/2010 19:03

One of the best sources of unbiased and sensible information on small cap gold/precious minerals companies is the "Gold: small/mid-cap Stock Comparisons (CHIP)" thread started by chipperfrd on adfvn.

See:

Chip is highly rated by his followers and has taken the trouble to produce a table with data on many of these companies which he updates regularly. The table even states whether or not the share is able to be held in an ISA. There is a wealth of other company information also and it is a good forum for the exchange of ideas about small cap PGM miners.

Try it! It's a very good information source.

Neither BAO or BEM are on the list. But, if asked chip would probably explain why he has not included them.

[novicetrade68] 17/10/2010 14:39

hi guys, I was in RIFT once till IGS sold out. In case anyone is interested in small cap mining exploration companies then BAO & BEM are worth looking into.

They have had a bit of a rise off late, but the upside is still massive.

Both are proving up a resource, Iron Ore, which we know from Magnetic 3D survey's is there, so no risk of a duster.

BAO is about to complete a 7 month drill campaign with some good and some excellent results so far. The market is currently awaiting a Resource Estimate (expected Nov/Dec) and this could really see it flying to new heights.

BEM is one thirds through a drilling campaign and its shares rose because the first drilling bit exceeded estimates. However, they'll now be commencing their most promising prospect yet (Kallak South) and this is expected to be completed within 2-3 months. Expect shares to rally once results of Kallak South filter through.

No advice intended and DYOR as always.

[bigdog5] 17/10/2010 14:23

Where did spirit disappear to or did they morph into annuva name.

[offerman] 17/10/2010 09:10

Nice to see the full Rifters reunion.

O&G still have prospects for me.