MSC - Minerals Corp - Technical trade

[richard987]

Horsham
They seem to be doing everything they need to for the kaolin at present and the shipping delay situation has been fixed I understand - this was the last hurdle as far as I know from FatProphets analysis. They have appointed kaolin experts so everything should be ok in terms of unexpected problems. I also notice that a director has taken the chance to add to his shareholding in recent days.
FatProphets are still keen on them as of a month ago. They are going to be doing some major PR over the next few weeks they say so now could be the turning point.

 

[horsham]

Richard

Tks for ur up-date. Also noticed purchase by director. A good sign.

Also senior appointments recently made. They would cost plenty to

be in that enviroment so presumably V.A. and his Board think that

movement may not be far away.

Rgds

 

[richard987]

I notice there is a decent increase in the bid prices in MSC today.. wonder if this indicates the market is about to take note of MSC's PR campaign.

 

[sam76]

No announcements but a 7% drop today. Any theories?

Sam

 

[richard987]

Volume is thin.. and I haven't seen the PR campaign start yet. Thats about all I can suggest, I've got no other new facts to go on from between 2 days ago and yesterday.

 

[richard987]

Yes, its back up to 0.76 today so I think my last email was valid.

 

[sam76]

And my bid at .073 didn't get on...

 

[richard987]

In my opinion there's no difference between a bid at 0.073 and 0.076 if you believe the stock is way undervalued as its not worth risking missing the main trend for a small difference like that. And if its overvalued then there's no great difference either. Thats the way I approach these things anyhow.

 

[sam76]

In my opinion there's no difference between a bid at 0.073 and 0.076 if you believe the stock is way undervalued as its not worth risking missing the main trend for a small difference like that. And if its overvalued then there's no great difference either. Thats the way I approach these things anyhow.

very existential.

 

[richard987]

lol yes it did sound existential now you mention it

 

[sam76]

Morning guys,

Seems like their capital raising isn't going as well as expected. Haven't heard much about the public relations drive, either.

You'd think they would've coincided the two, wouldn't you???

 

[richard987]

hi sam, where can i get info about how the capital raising is going?
cheers
richard

 

[RichKid]

What a disaster! If this company had reliable mgmt it would not be down in the dumps, I saw from the FatProphets website (see free samples) that it's been recommended a few times at around 12c. If anyone thinks that 6c is a bottom just look at the longterm chart and you'll see it's gone much lower. If that support level breaks, as it well could if they are in a capital raising, then 6c is highly likely to turn into a formidable resistance level. I did trade MSC thinking it was a good play but then discovered (too late) that mgmt couldn't be trusted. Hence my preference for BMX for minerals exposure. The TA pattern in this stock is very bad so on the black list for me as a pure speccy. Let's see if and when it turns around whether it'll be just another spike as before.

 

[sam76]

Morning Richard,

I just figured that becasue they extended their offer that the raising wasn't going as well as planned.

I hope I'm wrong...

Cheers,

Sam

 

[richard987]

There has been no news to explain the markets gradual loss of interest...so why conclude its a bad stock at these levels? Surely the cheaper it is the better.
Management - if fat prophets like them, they must be doing an ok job of managing things.

 

[richard987]

Check the letter to shareholders today on MSC - looks very encouraging and suggests there is no basis for the recent sell-off except people taking losses before the financial year end... I think there will be a big rebound based on this letter in the next month or two.

 

[horsham]

A wordy 24 page report put out by Aegis Equities today repeats a great deal of what MSC Board have been saying for a very long time.

Unfortunately no financial info. is contained in this report other than the belief that SRK will be at a cash flow break-even point of about 40,000 tpa during the 2nd half of 2005.

No details of future financial requirements given or likely-hood of date of entering an area of profitability.

A very disappointing report in my opinion.

 

[tech/a]

Rich

Just having a look your "Technical trade" is and has been dead for a while.

Think its also Fundamentally dead as well---thats what the market is currently saying.

Nothing wrong with a dead trade as long as people dont continue to look and somehow find positives as it continues to fall.

Lookforward to your next find.

tech

 

[sam76]

This one has sucked enough of my money.

I'm out.

It'll prob. scoot up now

 

[tech/a]

This one has sucked enough of my money.

I'm out.

It'll prob. scoot up now

Sam.

Whoa.
I wouldnt be so quick.
Its bottomed in the short term.
Technically todays trading is short term positive.
Not a buy signal but one which if I was on would have me
watching for some opportunity to catch some $$$s back.

Technically at 6.5c its in the last support ZONE trading above
8c in my veiw is not likely but I'd give it a bit of room.
Trading below 6c would be my stop.

Anyway my opinion only I'm not a financial advisor---thank god.
So find one if you need professional advice---which you can choose then to accept or reject.Other than that the decisions yours.