Bullion said:Trading Halt!
Hope its good news
kennas said:Just why did I sell this?
I think I did on a tchnical indicator.
kennas said:Trading halt:
Maybe Mavuzi results. Testing was done in Nov.
Could be considerable resource upgrade at KUP maybe from Bungua.
They need $60m to get the KUP going so could be ann on how that's going to be funded. They only had $11m at the end of the Sep Qtr.
I made a mistake selling at $0.78 when it was falling from the $0.90 peak. The 'indicator' I thought I used was the drop through $0.80 which was a very short term support level. (in my analysis at the time) Also, at the time I wasn't trusting my theory that $0.75 would be a support level, which it was. I think at the time I was worried about the market in general and was getting out of a lot of positions...Having said that, I made an ok profit.nizar said:WHich indicator is that?
Price breakout through previous resistance on high volume (see monday 27/11) is a BUY indicator for me.
afroboy said:Read on another forum that apparently the upcoming announcement is a rights issue or placement.
Announcement to be made on Wednesday morning apparently.
afroboy said:Read on another forum that apparently the upcoming announcement is a rights issue or placement.
Announcement to be made on Wednesday morning apparently.
Says who?noobs said:voluntary suspension till tomorrow
Major Drilling buys three African mining companies
Last Updated: Monday, December 4, 2006 | 10:12 AM AT
CBC News
Moncton-based metal and mineral drilling company Major Drilling is expanding into southern Africa.
The company may be based in Moncton, but most of its work is a great distance from New Brunswick.
It has offices in Winnipeg, Salt Lake City, Utah, Brisbane, Australia, Mongolia and now Johannesburg, South Africa.
Company president Francis McGuire says Major Drilling paid $12.5 million to buy three African mining companies.
"It's a very good starting base in three good countries ”” Botswana, Republic of South Africa and Namibia ”” but from there we will look at Angola, Mozambique and Zambia as well," he said.
McGuire says the company picked up 55 drilling rigs as well as experienced drillers and major contracts. He says those rigs will be used to perform exploration work for mining companies.
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"There's quite a bit of activity in South Africa. There, the activity driving the mining industry is platinum," he said.
McGuire says there's also a lot of work looking for diamonds, uranium, copper and gold. He says the company expects to double its revenues over the next few years.
Major Drilling has 22 employees at its head office in Moncton.
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