Positions updates

[Sean K]

Discovered that the selling was Opes shares. All cleared now. Still in...eeeek!!

 

[Sean K]

Having done some more research into this company, I'll be topping up a few on Monday I feel. Looks very undervalued.

 

[Sean K]

Just thought I'd update this chart as I've added in KMN.

I've also added in open trade P&L, closed trade P&L and overall running P&L since I started graphing the trades in here.

Work in progress.

Will find a way to keep track of these investments somehow with buy and sell prices...

 

[JTLP]

Hi Kennas,

Did you manage to grab any MLM today?

It's a bit of a funny one...getting sold in such weird parcels. Nice rebound towards the end of the day though, hopefully we can see some upward appreciation. 60 cents looking big though.

 

[Sean K]

Yep, I doubled my holding at ave .535.

 

[Sean K]

And now I'm going to unload them as best I can. I think they should be inviting Ruane on board, not dishing him, so I see it as a bit of a negative distraction which could hurt the sp for some time. Still way undervalued on an MC to oz au perspective even though the oz are distributed over several deposits.

Much prefer AZM for an undervalued spec gold play with potential and will probably buy more once they look to be going up. Maybe making a floor around 12, instead of 10 will be first signs of that. Charts a bit choppy to make a decent call on it though.

 

[mu5hu]

Do the entitlements for RER get received by shareholders all on the same day?

 

[Sean K]

You would expect so. Mine just popped into the account on line.

 

[Sean K]

BMN and STB both look to be breaking significantly up. Sentiment looks to have changed.

Just holding BMN for the minute, happy with holdings.

Was looking at topping up STB on break through 30, and depending open tomorrow may do so.

DMM profit taking I think, nothing sinister. May be an opportunity to pick up a few more on any further weakness. Unless the SS says there's too much silicon...eeek!

 

[Miner]

Do you have any holding in GDR or GCR and what your analyst say ?

Regards

 

[Sean K]

Haven't looked at GDR. Will check.

I was going to trade GCR but at the time of the run I was in the middle of Venezuela. When I looked at it, I only thought it was good for a short term trade as I do not like the management. I held them some time ago and they were 'committed' to Copper Hill and sold everything. Then they jumped on the U bandwagon, and then sold off most of the RP project just when it was taking off. WTF!! Idiots!

 

[jeffTH]

Hi Kennas
I notice you hold MAKO and enquire whether you have any thoughts on POZ IPO (Phosphate Australia)? 50M shares @ $0.20 closing 23/6/08. Chairman is Jim Richards (resigned UMC Oct 07) and Tech Director is Lisa Wells (Ex Exploration Mgr of UMC). Seems to me that as UMC was going great guns that CEO and Exp Mgr wouldn't jump ship for nothing! Considering MAK jump, IPL price and price of phosphate that POZ may well come on to the market at a good premium.
Would value your thoughts....

 

[jeffTH]

Hi Kennas
I notice you hold MAKO and enquire whether you have any thoughts on POZ IPO (Phosphate Australia)? 50M shares @ $0.20 closing 23/6/08. Chairman is Jim Richards (resigned UMC Oct 07) and Tech Director is Lisa Wells (Ex Exploration Mgr of UMC). Seems to me that as UMC was going great guns that CEO and Exp Mgr wouldn't jump ship for nothing! Considering MAK jump, IPL price and price of phosphate that POZ may well come on to the market at a good premium.
Would value your thoughts....

 

[Sean K]

No, haven't seen it, but will have a look. Cheers!!

 

[Sean K]

Bought a few more STB at 36.

 

[Sean K]

Another crap close on STB. grrrrrrrr.

I'll throw a party if it ever finishes on a high.

Still, break through 30 looking good.

 

[Miner]

Thanks for your reply on GDR
I was more looking into project prospect and purchase by MIN people
However I did not know about shonky management in GDR
Probably shoudl watch it carefully

 

[Sean K]

Have payed for the excise of MAKO and await the options to be transformed into ordinary shares.

Been buying too many things lately due to opportunities and am thinking of selling some non performers to get into a bit more cash.

Been holding LGL and NCM for some time and kepping them as a hedge to world apocolypse but may sell some of both to get back into some cash. Both have come off quite a bit but don't seem to be going anywhere really. I've been waiting for a takeover which hasn't eventuated, and now LGL has bought EQI there's less chance IMO of that getting an offer. NCM presentation was very bullish a couple of days ago, so maybe LGL needs to go.

It'll get a $5 offer from Newmont then....

 

[Sean K]

MLM approaching 60 again, but there's quite a bit of resistance there. I'm going to be patient and wait to see how it goes here before adding any more.

 

[Sean K]

There is some really obvious capping going on with this at 60 cents. Like so obvious! 2 orders for 150,000 and one for 552,000.

I mean, come on!!!!

If you want to sell $260K of a spec stock you do NOT put it out there like that!

Aaaagggghhhhhhh!!!!