MRE - Minara Resources

[tech/a]

If I sell now after holding less than 1 year at 50% tax I've made only 65%.

So you'll have no losses through out the year to offset?
Staregy is buy and hold for 12 mths regardless of intermediatary profit.

Good god


Its the years profit not a single trade.
When I see posts like this I really have my doubts about the majority of claims I see posted.

Its simple business practice.

 

[Realist]

So you'll have no losses through out the year to offset?

Nope, the only losses I've made this year are JPR $800 and FDL $300. And I still hold them. No losses realised yet - although PMH may get me still..

The other 28 shares I've bought are all winners. Made some big money on the Nasdaq, And I've made a few thousand in dividends. I need to reduce tax now.

Staregy is buy and hold for 12 mths regardless of intermediatary profit.

Yeah pretty much. I'll hold unless a share becomes clearly overvalued (The only one I've sold this year is AMC for $7.58.

Its the years profit not a single trade.

Not really, I've no losses to offset - I am better holding.

When I see posts like this I really have my doubts about the majority of claims I see posted.

What do you doubt exactly?

And what is wrong with holding MRE for a year to reduce tax?

Others considered selling it a month ago, it has gone up 40% since then.

 

[tech/a]

Hmm 28 positions.All winners.
All long term holds.
Not long ago I remember you were saving for an opportunity to purchase a house when prices crash.

28 holds at say $8000 each (Just guessing from the amounts you seem to talk about when you do.)Thats $220k. Plus play money you seem to find endlessly---say $50K.

From the way you write and the way you trade I have my doubts.
Anyone who claims no losers and 28 holds would have me doubting them.

Nothing is wrong with holding for years I hold quite a few 12 mths or more.
However not at the cost of profit.
Tax is a cost of doing business and if you do business correctly you can and should reduce your tax.

 

[Realist]

LOOK EM UP MATE..

AMC (sold last week), BHP, BSL, CAQ, CBA, CBH, CQT, DRT, EVE, FBU, FDL (loser), FGL, FUN, GHG, HCY, IAG, JPR (loser), MRE, MTN, NEL, PMH, PRG, RIN, RIO, USA (lists Wed), WDC, WDCNB. As well as some Nasdaq shares..

Some trading punts were for less than $2000 FDL, JPR, CBH, HCY, EVE.

 

[Realist]

Not long ago I remember you were saving for an opportunity to purchase a house when prices crash.

The average house price in my suburb is $1.9M.

If I had a $800K deposit (which I don't) it is a drop in the ocean.

 

[tech/a]

Yeh right do you want my list of 28 winners as well!
Both losers on the lesser trade size---strange that.

Buy in a cheaper suburb.
Or is it a matter of keeping up with the Jones's?

What sort of rent do you pay for a $1.9 million house--or is the one your in the worst house in the street?

 

[Realist]

Yeh right do you want my list of 28 winners as well!
Both losers on the lesser trade size---strange that.

Buy in a cheaper suburb.
Or is it a matter of keeping up with the Jones's?

What sort of rent do you pay for a $1.9 million house--or is the one your in the worst house in the street?

Check all those threads, I posted in virtually all of them well before they went up.

My investments are bigger than my trades, no losers on investments yet.. And usually I get good dividends.

I'm glad you do not believe how well I am doing, makes me feel as if I am outperforming!

We can look at these a year later and see how they do...

I live in an apartment worth about $700K. It is nothing to write home about, cheap rent though! Gives me more money to invest..

 

[Realist]

Buy in a cheaper suburb.
Or is it a matter of keeping up with the Jones's?

Why buy - houses aint going up, it'd be a silly investment. I make far more renting and investing in shares.

I like where I live, why live somewhere I don't like? it is wiser to pay cheap rent in a good suburb at the moment anyway.

 

[tech/a]

We can look at these a year later and see how they do...

..

OK bet they wont all be above todays close.
Infact I'll bet you dont nett 20%.Before tax on todays prices.

Just a little side bet a carton of your favorite beer.

 

[michael_selway]

OK bet they wont all be above todays close.
Infact I'll bet you dont nett 20%.Before tax on todays prices.

Just a little side bet a carton of your favorite beer.

MRE a lear later, more likely to be lower than higher than now imo

its just in the ST MRE can get really higher

thx

MS

 

[Realist]

OK bet they wont all be above todays close.
Infact I'll bet you dont nett 20%.Before tax on todays prices.

Just a little side bet a carton of your favorite beer.

Okay you're on, but lets go for 12% including dividends. (my aim stated earlier this year)

Afterall 20% is a big ask when I've already made good money on some like MRE that if they drop 10% in the next 9 months I'm still up by more than 100% and my tax is reduced. Jsut holding for another 8 months saves me tax.

So the bet is 12% average overall including dividends.

1 case of beer... October 16 5pm 2007 is the close date.

 

[rederob]

MRE a lear later, more likely to be lower than higher than now imo
its just in the ST MRE can get really higher
thx
MS

We will know in a year's time.
Just remember that free cash flow provides great opportunities for MRE to advance its productivity improvement strategies and get close to nameplate capacity of 40,000 tonnes/year.
MRE's HPAL process is relatively fixed cost, so adding another 8,000 tonnes to its production is akin to adding it to its bottom line profit.
Then, if the heap leach process tosses in another 2000 tonnes/year at minimal cost, MRE could become a volume success story as distinct from its present price success.
My view is if prices settle a bit over $20k/tonne in 2007 then a $6 price tag on MRE would be quite reasonable.

 

[Realist]

MRE hit a shark bar today. Up about 19c at open, then down 18c by lunch.

Interesting, obviously there's concern it is overvalued now.

 

[johnmwu3]

Nickel Gains to Highest Since 1987 as Demand Beats Supplies

By Chanyaporn Chanjaroen

Oct. 20 (Bloomberg) -- Nickel surged, reaching the highest price since at least 1987, as supplies lag behind demand from makers of stainless steel, the biggest users of the metal.

The price of nickel, used as alloy in stainless steel production, has more than doubled this year as inventories monitored by the London Metal Exchange plunged 86 percent. Mine output fell short of demand by 70,000 metric tons in the first eight months of 2006, the World Bureau of Metal Statistics said.

``When things become short, and there's not much visible inventory, people have to have them,'' Sean Corrigan, chief investment strategist at London- and Lausanne-based Diapason Commodities Management, said today in an interview from London. ``There's not enough of the stockpiles to see people through.''

Nickel for delivery in three months soared $525, or 1.7 percent, to $32,200 a ton at 4:28 p.m. on the London Metal Exchange, the highest in at least 19 years. Prices are up 4.7 percent since Oct. 13, the fifth straight weekly gain.

The Lisbon-based International Nickel Study Group has forecast a 10 percent jump in demand this year to 1.37 million metric tons. Stockpiles in warehouses monitored by the LME dropped 96 tons, or 2 percent, to 4,836 tons, the exchange said today in a daily report. Inventories are equal to less than two days of global consumption.

The shortfall of metal sent nickel for immediate delivery to $33,800 a ton as of yesterday, or $2,125 above the benchmark three-month contract. The premium for spot supplies over later deliveries is known as backwardation. In a market with ample supplies, prices of longer-dated contracts are higher than nearby ones to reflect storage and interest costs.

Producers of the metal have benefited from the price rally. Inco Ltd., the world's second-largest nickel producer, said today third-quarter profit soared to a record $701 million as prices jumped 85 percent during the period. Russia's OAO GMK Norilsk Nickel is the world's largest producer by 2005 output.

Nickel output at Inco increased 13 percent during the period, after the company began operations at its Voisey's Bay mine in Labrador and increased production at its Manitoba plant, the company said today.

 

[Brasidas]

Maybe nickel stocks ahve topped out for the time being? MRE gets a mention in this week's Minesite weekly roundup which is here

That Was The Week That Was … In Australia

By Our Man In Oz

Minews. Good morning Australia, another week, another record?

Oz. It certainly was for some stocks, especially those selling zinc and nickel to the steel industry. You probably saw the same reports we did down this way, that the world has almost run out of zinc, and the nickel price is showing no sign of retreating from its astonishingly high levels. The end result, naturally, is that zinc stocks such as Zinifex (ZFX), Perilya (PEM), CBH (CBH), Kagara (KZL) and Terramin (TZN) have moved into the stratosphere, joining the nickel brigade who where already up there.

Minews. A few price examples please?

Oz. Zinifex hit a 12-month high of A$15.05 during Friday trade, before settling back to close the week at A$14.65, a gain of A$1.14 (8.4 per cent), Perilya was up A70 cents (20.8 per cent) to A$4.05, down a fraction on its 12-month high of A$4.10 reached on Thursday and Friday. Kagara also set a 12-month high on Friday of A$7.34, before easing back to A$7.21, still up A82 cents (12.8 per cent). CBH, which received a severe setback at this time last year with a stope collapse in its Endeavour mine, was up A5.5 cents (8.8 per cent) to A67.5 cents, also a modest retreat from its high of A73.5 cents set on Thursday. Terramin, which is developing a small zinc mine close to Adelaide in South Australia, was up A14 cents (8.9 per cent) to A$1.70, down from a Thursday high of A$1.75.

Minews. And the nickel sector was strong again?

Oz. Yes, but not to the same extent as the zincs. Jubilee (JBM), which held its annual meeting during the week and said takeovers were off its agenda, was up a modest A20 cents (1.6 per cent) to A$12.60, down on its cracking start to the week when the stock hit a 12-month high of A$12.98. Western Areas (WSA) put on A25 cents (7.4 per cent) to close the week at A$3.64, also down from its 12-month high of A$3.79 set on Tuesday, and Minara (MRE) was up A11 cents (2.2 per cent) to A$5.20, which was some distance behind its 12-month high of A$5.55 set last week. .. more ..


http://www.minesite.com/storyFull5.php?storySeq=3894

 

[Sweet Synergy]

Looks like it's breaking resistance / consolidation today

 

[Fab]

I am looking at the following MRE warrant MREIOK issued by Citibank. Looks very interesting to play the continuing upward trend of this stock. I am interested to hear from people who have been following this stock for a while to see what their thoughts are on MRE and its potential .

Thanks

 

[Sean K]

Quite possibly the best looking chart on the ASX. Cleared a little resistance at $5.50. Just what will stop this? Can't see anything. (don't hold - unfortunately )

 

[Fab]

Thanks Kennas,

I might get this warrant then. Do you know much about what is coming up with regards to this company. Annoucement, results ...

 

[Sean K]

Thanks Kennas,

I might get this warrant then. Do you know much about what is coming up with regards to this company. Annoucement, results ...

Fab, I haven't invested in it because I thought it was running too hard and I'd get caught without a chair. That was when it was under $4.00....

Average broker recommendations with date of reco and 12 mth price target:

Aspect Huntley 17-Oct-06 Downgrade to Sell from Reduce
SB Citigroup 10-Oct-06 Upgrade to Buy, High Risk from Hold, Speculative Risk $4.82 (- 12.8%)
Merrill Lynch 10-Oct-06 Buy, High Risk $5.15 (- 6.9%)
Macquarie 24-Apr-06 Underperform $1.50 (- 72.9%)

I haven't checked its fundamentals, sorry. Not sure what sort of value it's representing.