Positions updates

[Sean K]

Yes, seems some time off.

In the meantime, the sp will be effected more by Ni prices and general market sentiment. Looks pretty choppy right now and we need a long term vision.

I'm not holding many really, and am waiting for that 60 level to break to jump in head first.

 

[Sean K]

Bought more at ave .73.

On known fundamentals, bargain.

Should eventually be a $500m ++ mc company. At least a 5 bagger.

 

[Sean K]

Hooly dooly, what an upgrade to Cape A.

Double the resource.

When the market wakes up. he he he....

Cape Alumina doubles resource at Pisolite Hills Project to 100 million tonnes of insitu bauxite

Cape Alumina has today released details of a doubling in bauxite resources for its Pisolite Hills project on the Weipa bauxite plateau of western Cape York, Queensland.

The new resource statement, which now represents a Mineral Resource of 100.8 million tonnes of Indicated (75.8 Mt) and Inferred (25.0 Mt) insitu bauxite, is the first since the Company’s maiden resource statement in January 2007.

 

[JTLP]

I reckon Kennas...when will mister Market wake up and smell the Bauxite/Coal/Nickle...LOL.

It was nice to end the day on 50 cents; there just seems to be a lot of selling pressure atm.

Does anybody know when MLM plan to sink some drills into their coal grounds and get some resource estimates? Maybe that will send a nice rocket under the SP (roll eyes here)

 

[Sean K]

They are drilling the coal right now.

 

[Sean K]

That was a good ramp. LOL.

See thread for analysis.

 

[Sean K]

Been reading the SS in absolute detail and crunching numbers and on the assumed long term prices for Hem/Mag reduced for the impurities in the deposit and it's looking dodgy. I have to have a very good look at the numbers again, but I think I may be out.

The comments above are on a Hematite price of $150 ave, which I thought was fair. The SS gives half that. eeeek!

 

[Sean K]

OK, have my breath back. While the SS has future estimates really low, they are been ultra conservative perhaps. And I might disagree with them. But what would I know.

 

[Sean K]

And hits 20c!

Whooohoooo!!

Lots of resistance around here though folks.

Must consolidate at some point.

Be prepared!

 

[JTLP]

Thanks Kennas.

Maybe if MLM gets its much warranted rerating we can have a beer in Mexico...have you been to Cabo? It looks lovely !

JTC

 

[Sean K]

Sold completely out past 2 days for 50% profit overall.

 

[Sean K]

Dropping out of uptrend. Concerning for short term management of position.

They have lots of land with crap on it but aren't doing anything about it.

If poo product prices come off, as they should, might be punished.

Finger on the sell button.

 

[Sean K]

Golly,

It's been a tough 2 months hasn't it! Well for me anyway.

I've been lucky enough to get into some good stocks early after the major correction but have watched some profits slide and slide the past 8 weeks.

MAK a prime example. I had a crap load of options that at $2.50 ish peak (effective buy 7c) were putting a smile on my face you wouldn't believe. Now converted to shares and slip sliding away.

Haven't wanted to sell for 2 reasons.

1. Fundamentally, into production worth at least double.

2. Didn't want the capital gain at end of year.

Otherwise,

LGL and NCM spanked!
Missed the top of IRC because of travel. Missed 20% more gain.
MLM capper holding it below 60!
KMN static.
DMM off from $1.10 to .70c
STB ok but looking tenuous.
BFE boring, so far.

Saving graces:

BMN recovering.
AZM up 100%.
ROY and GBG trades for 30% ish.

And, I think the market may make 4800 in the next 3 months.

Will be taking profits where I can in the new FY...

 

[Sean K]

Thank Ra/Marduk/El/Yahweh for GOLD!

Go gold!!

Did I say I was going to sell LGL/NCM a few days ago...

LOL



Still, world looking dodgy! I'm taking lots off the table from July 1.

 

[Miner]

Hi Sean

Are you still holding DMM and is the down fall just a correction for DMM ?

Regards

 

[Sean K]

Still holding. I think it's just a correction. I'm happy with the numbers I hacked out in the thread giving it a potential MC closer to $1b going into production against current $30m or whatever. Will naturally be rerated once the overall market sees the value. I hope.

 

[Sean K]

Sold all IRC to lock in profits and get back some cash.

Bought more DMM on correction. Way undervalued for potential. Market doesn't like it yet for some reason. Perhaps drilling and potential upgrade to 100Mt DSO will provide the catalyst. Holding and hoping..

STB correcting. Disappointing. They need to start moving on their projects or they'll be a has been.

Holding MAK long term. Unless RP crashes, long term fundamentals compelling. Will reassess after June to see if I take some profits, or just ride it out.

LGL and NCM may be recovering with POG and being oversold.

Taken no profits on AZM, I think with further drilling results and initial JORC at Bepkong it will keep moving to a fairer value closer to 40c (on 1m oz confirmation). In the meantime, expect some natural consolidation, has moved a bit quick.

BFE will move once it starts to get publicised I think. Flying under the radar.

MLM having second thoughts about. I'm in it for the floats of Metrocoal and Cape Alumina, but I might as well just go through the public float. Doesn't seem that they are going to give a discount or much of an allocation to existing holders. Still undervalued, but the money may be better allocated elsewhere in the time being. Especially with it been held back under 60c...

KMN being rerated as it should be. Way undervalued on an MC to oz au equiv under $10. Rediculous. May take the opportunity to add more if uptrend confirmed.

BMN significant break up. Would buy more if I didn't want to be in more cash...

Not sure what to sell to get back into more cash. Maybe some LGL and NCM on any spike up. Or, a few AZM to lock in profits, or MAK after June...

Need to find a better balance in the portfolio with the most potential/undervalued and cash..

Watching CGG, I think it's a long term great asset, but not in my small cap criteria.

 

[mu5hu]

Hey Kennas,

This is prob a realy stoopid question but wat does "MC to oz au" mean?

Cheers

 

[JTLP]

Mu5hu...Market Cap to Ounces of gold.

Kennas, would you not considering holding MLM until they at least announce some results from the coal tenements?

 

[mu5hu]

Cheers JTC