Rusina Mining Nl Share Discussion Threads

[fumbish] 14/4/2009 11:57

Yes... looks like some one is accumulating, maybe another TMC on our hands (takeover?)

[orchestralis] 14/4/2009 11:12

On the move!

[fumbish] 31/3/2009 21:42

how do i get a matched bargain instead of paying 2.4 ;)

[malkie] 31/3/2009 20:23

Funbish - yet another large matched bargain ;)

[fumbish] 31/3/2009 18:32

nice 1,000,000 buy

[malkie] 31/3/2009 14:11

these are both worth a read...

[malkie] 31/3/2009 13:16

As the trades have been coming in over the last few weeks, the offer has been steadily climbing within the spread.

a few large matched bargains also seem to be going through at steadily improving prices.

With the recent price action on ENK & TMC I wouldnt be surprised to see them tick up sooner rather than later.

[fairdeal2008] 31/3/2009 13:11

Nice graph :-)

TMC moving strongly, as has ENK. This clearly has an overhang but looks like it might be getting ready to move...

[fumbish] 20/3/2009 19:37

haha GS: yes, they will most likely stagnate, and if they drop that far I will most certainly average down. However I don't want this to be another case of RGM where I hoped for a lower price than was reached and it left me in the dust.

Realistically the best I could have hoped for was 1.5p on the offer and that is at the very very best: I'm not sure it would go that low so it's not much higher than the price I've got.

AUDGBP=X 0.049 20 Mar 0.4756 0.0233

= Not really much cheaper...

[giant steps] 20/3/2009 19:25

Why pay 2.4p when they are much cheaper overseas

Guess a week is a long time for some investors
Recall comment from fumbish :

"This will stagnate possibly down to 1p until markets recover"

[fumbish] 20/3/2009 17:25

Bought in today, 100k at 2.4p.

[malkie] 16/3/2009 16:21

Aha!!

SCAP had to clear 1m shares from a buy last week @ 1.5p.

£6.125k profit for them - check the broker code it was SCAP (+ it was delayed, actually went through @ 10.13 am.)

The published quotes are not reliable, especially when MM's have a line to clear but dont want to knock the price as is the case with RMLA.

if you want to learn about how market maker spreads really work then you need to sign up to:

[fumbish] 16/3/2009 14:58

how do you know that?

[malkie] 16/3/2009 13:58

cos it was a buy fumbish ;)

[fumbish] 16/3/2009 13:46

big sell 1,000,000 just gone through... surprised no tick down on that

[mike_f] 13/3/2009 14:37

Nice 106,000 buy just came in few more and we will tick up again :)

[mike_f] 13/3/2009 14:14

Further increases today do we think? Trades have dried up a bit now! Would be nice to see a few more buys and another tick up!

[mike_f] 13/3/2009 13:02

Early in the period the Company finalised the acquisition of the Barlo project, a copper/gold prospect located some 30 km north of the Acoje tenement. A work programme is currently being finalised for this project. The Company continues to be mindful of its cash resources and has implemented a new pared-back budget, while pushing forward with its partner funded activities to further the development of its flag-ship Acoje project.

[fumbish] 13/3/2009 13:00

So what are their actual costs... I think this is just a bear rally rather than anything...every thing is going up. The volume's nowhere near convincing for any sort of recovery...

[giant steps] 13/3/2009 12:58

Which bit ?

[mike_f] 13/3/2009 12:57

Surely this is good news?

[giant steps] 13/3/2009 12:55

Clearly the market likes it - prices bid 2p offer 2.5p

[blenkinsop2] 13/3/2009 12:54

fumbish

$7.84/lb - that is the one-off capital cost not an ongoing per annum cost. Presumably this is the capital investment cost that will be 'paid back' over a period of several years.

[fumbish] 13/3/2009 12:24

Am I just being dense... they say total cost for them is Nickel $7.84/lb , so how are they meant to make a profit at all, even based on a price of $6 which is beyond us atm?

My first impressions are quite negative on this update... can someone please clarify?

Thanks

[giant steps] 13/3/2009 12:17

First impressions not great - six months loss higher than i expected

( note, currency translation improved cash value )