Shaft Sink Share Discussion Threads

[technofiend] 15/7/2013 13:20

"The argument here about where the share price was heading, from Jan/Feb, seems to have been fairly conclusively resolved..."

Indeed it has. I'm resigned to closing this one at a loss.

I will sure as hell learn from it though.

[technofiend] 15/7/2013 13:14

This is barbaric.

There is value there, as stated by the point about the value of the contracts etc.

But one cannot argue with the market for too long.

[rcturner2] 15/7/2013 12:50

Longs get blinded by conceit. Seen it so many times. Exactly the same thing is happening on the POG thread.

Some of my best trades have been selling shares at a loss. Money saved on losses is just as important as money made on profits.

[empirestate] 15/7/2013 12:46

Amazing how a business and a relatively decent balance sheet (not over leveraged) can be valued at GBP7.5M. This could well drift to 10p whilst the buy side of the market soaks up a few rays this summer. Better let the dust settle.

[wylecoyote] 15/7/2013 12:45

RCTurner, Thanks, it required a bit of patience to begin with, but the Charts said it all really and the declining fundamentals. It is interesting to note that Hectorp and Hedgehog are nowhere to be seen at the moment... Trying to ramp this up and disregarding all other evidence to the contrary. To be a successful investor and/or trader, you need to consider the balance of information and draw your conclusions from that. Not pick the evidence to support your bias(because it is cheap, NAV is greater than the Mark Cap). All very valid points, but the market discounts the future, so if it expects ever declining fundamentals, then it doesn't matter whether it appears cheap now.

Muckshifter,

you should be a little more relieved that they have left the board for now.

[rcturner2] 15/7/2013 11:39

SA is pretty much the entirety of the SHFT business though.

[mega_trader] 15/7/2013 11:36

Fair play to some of you guy's.

Some positives seem to be counteracting the negatives (south africa) at the moment. So the wage talks are critical in SA, and wil provide more clarity.
They are being proactive in dealing with events and have secured 40+ mill of contracts on a market cap of £8mil.

Mining is still important to SA, so I would expect any wage rise to be offset by job cuts or productivity increases.

[buywell2] 15/7/2013 10:08

My second and the chart has dropped ever since as SA has gone down the pan





buywell2
9 Sep'12 - 09:14 - 1306 of 2234 0 0 edit


Experienced investors that take what they do seriously .... don't share their emails with other BB posters

None the less .... the following could be construed as slanderous

hxxp://www.thefreedictionary.com/slanderous



Hectorp 8 Sep'12 - 15:05 - 842 of 845

WARNING to all genuine posters
----------------------------------
I have had my computer take over by a trojan around 12.50 today. after opening an unpleasant e-mail I was sent at 12.42PM . I opened the E-mail and it said,
" your pall lol"
( can't even spell) . No name was given but I have no enemies apart from one person , and that can only be simon88.
I closed the e-mail and then found my computer could not start.
I have rebooted the computer only by using my anti virus, in safe mode.
--------------------------------------------------------------------------------
Be warned, don't have anything to do with this dangerous poster.


40p retest chartwise could come if support breaks

[buywell2] 15/7/2013 10:06

My first post on this thread



buywell2
6 Sep'12 - 12:28 - 1298 of 2234 0 0 edit




H has made many mining blunders and Oily blunders too the past 3 or 4 years

I have tried to help him out

But he is a Scot .... they don't listen

But to be fair he has been under considerable pressure due to a near miss next to where he lives when a land slip just missed his house



Above chart suggests share price is at CRITICAL chart support level

[buywell2] 15/7/2013 09:56

It's where it's heading next that is the important bit ... the rest is history

[tiredoldbroker] 15/7/2013 09:20

No point in kicking anyone when they are down, but I have to note, the bid price for the company is now 15.5p... The argument here about where the share price was heading, from Jan/Feb, seems to have been fairly conclusively resolved...

[noirua] 15/7/2013 08:52

As the Rand falls it increases the price of gold and platinum in the local currency. South Africa is not quite the basket case many still imagine -- on the floor but looking up from it.
China's growth is set to drop from the current 7.5% to around 4%, far better than most western countries.

[lennonsalive] 15/7/2013 08:38

Well mega might make some money on the bounce, depending what the spread is and how long the bounce lasts. Good luck to him I say, he needs Level 2 and quick fingers.

However the risk is too great, the statement is terrible and who know's what can happen next.

[buywell2] 15/7/2013 08:30

Then you ain't much of a trader

[mega_trader] 15/7/2013 08:28

I'd call it mixed, new contracts worth more than the market cap! The overdone fall has presented a good buying/topup oppertunity. T

[rcturner2] 15/7/2013 08:27

RCTurner2 5 Jul'13 - 07:31 - 2183 of 2226 0 0 edit

cocomac - unfortunately what tends to happen is that you find out about the "facts" afterwards.

When companies go bad or the market they are in goes bad (or both) there tends to be a lag between the events on the ground and the "facts" being stated in RNSs.

[buywell2] 15/7/2013 08:24

Hectorp
17 Dec'12 - 16:29 - 1730 of 2224 0 0

Should be a decent enough trading 'buy' at 41p.


Hectorp
18 Dec'12 - 18:58 - 1732 of 2224 0 0

that may be the floor now.

[rcturner2] 15/7/2013 08:23

I agree and said as much on here yonks ago.

[ninja 19] 15/7/2013 08:21

RC

SA miners are doomed cost spiralling out of control. The strike killing the industry

[salpara111] 15/7/2013 08:20

They just dont seem to be able to manage contracts hence all the renegotiations to try and effectively shift risk but that will not come without cuts to margin.
I had a look at these about 6 months ago but was concerned that their exposure to S.Africa would not play out well for them and at least on this occasion I called it right.

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

Mr paraplanner . Save your monies for the little one

[rcturner2] 15/7/2013 08:19

ninja - I think there are two longs stupid enough to post, both very conceited