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[ninja 19] 15/7/2013 08:19

you guys been shafted here

[rcturner2] 15/7/2013 08:14

WC - good call m8

[wylecoyote] 15/7/2013 08:13

Well I am happy... my short is going brilliantly. HH 10.0p is coming...much later than expected but there you go... also, stocks are cheap for a reason, you need to find out why...

[rcturner2] 15/7/2013 08:07

well well well

[jaf111] 15/7/2013 08:05

Initial market certainly NOT mixed.....down 35%!

[noirua] 15/7/2013 08:00

A very mixed announcement this morning which is strikingly negative in South Africa but positive on new contracts, renegotiations and cost cutting.

[mega_trader] 11/7/2013 17:08

Thanks buywell, as I said, miners need to get with programme, thats the reality. AngloAmerican up again today with other goldminers.

[rcturner2] 11/7/2013 13:00

I suspect POG is just a bull trap today and will continue down.

POG is in serious difficulties.

[mega_trader] 11/7/2013 12:17

Notice pog up today after an rns!, a victim of pure shorting imo like one or two others I could think of.

CJohn, agree re long teadius 500 posts! Most aware of risk/reward here. Down from 180 - 22p (-50% from results)

RE wage talks, imo the miners would be shooting themselves in the foot if they don't cooperate/come to reason, but expect some brinksmanship. I understand this is for a two year settlement, so stability could return for for this issue after the agreements.

[buywell2] 11/7/2013 11:06

Wage negotiations being one of the most important

Currently underway

[cjohn] 11/7/2013 11:02

Hi Buywell, Muckshifter and Hedgehog,

Thank you very much for responding to my request for info for a summary of pros and cons of SHFT and forgive me for not getting back before.


I admit, buywell, that the thought of reading through 500 posts as you recommended was not attractive as there seemed to be a high aggro to info ratio which made the board hard to understand.

I remain on the sidelines here, as I have little feel for this sort of situation, where there seem to be many extraneous factors that could undermine the company.

[mega_trader] 10/7/2013 16:47

No connection between POG and SHFT as far as I'm aware of. Sorry for POG holders tho. Wage negotiations are beginning in SA, so should provide more clarity.

Strong buy gone through, someone recognising value

[rcturner2] 10/7/2013 16:00

As I said look at POG for example.

Smashed again today now 17 days running has closed below open price. Any gain in the price of gold is doing nothing for POG.

[rcturner2] 10/7/2013 14:41

Right now miners are focussed on survival not expansion.

SHFT will be lucky to get any new business in this climate.

[mega_trader] 10/7/2013 11:03

Good to see the de Beers dispute settled, well done on your prediction. Thankfully the violence seen in the past has not re-emerged.

[buywell2] 10/7/2013 09:58

I predicted 9% on this thread months back


www.bdlive.co.za/national/labour/2013/07/09/business-day-tv-mining-wage-negotiations

[rcturner2] 10/7/2013 09:47

The mines will probably reopen in due course and labour disputes will be resolved.

But that does not mean that mining companies will be planning new mines. Far from it.

[mega_trader] 10/7/2013 08:40

Lonmin continuing to rise, miners back at work.

hxxp://www.miningweekly.com/article/amplats-says-workers-report-for-duty-after-one-day-strike-2013-07-09

[cocomac0] 09/7/2013 21:11

"Charts look at EVERYTHING .... don't delude yourself

Don't use them .... and you miss out on a 70% edge"


Buywell, my comment regarding charts was that they can't show a crash, not that they aren't historic prices showing how much people are willing to buy and sell at, with the price going up when there is more buyers than sellers and vice versa. Everyone knows that they theoretically look at everything - well everything that a trader can know anyway, which shouldn't be everything there is to know - thus the price is the sum total of all the thoughts of all traders.

Now, your comment seems to be saying that I don't use charts, hhhmmmmmmm......... lets think about that for a second.................... ehhhhhhh, noooooooooooo, EPIC FAIL!!!!!! What a moronic assessment!! Now, you also STATE that you get a 70% edge, well why's it not 10%, why's it not 90%, why not 115%, why's it not -20%, why's it not 46%, what about 37.3979445%. You'll need to show me where this magical number comes from.

One more thing, since my comment about charts was that they can't show a crash, as in the grim reaper visiting a company, please explain how it does show that a company is actually going to crash. And please don't just answer it by saying...... duuhhhhhhhhhh coz the price keeps going down n stuff.

Cheers. Good luck

[mega_trader] 09/7/2013 21:02

Bloomberg reporting miners retrning to mines >



The strike and unrest can't go on for ever, nobody wins.

Agree many gold miners having a rough ride but Lonmin up over 10%, AQP up over 10% from lows, rand gold coming off lows.

Shft technically oversold AND at historic lows. 2012 (a bad year) 3mil profit 1/3rd of current market cap, 2011 (a fair/good year) profit 13mil, more than equal the current market cap. Turnover 192mil. New projects in non african countries could be anounced.