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Hi
What do you think of DVM considering heavy purchase of directors, relationship with BFE and other exploration companies and higher stake in Lake Macleod ?
What does your research says >
I am getting conflicting message on it as ASX shows the share price was 4 cents, directors bought last week at 14 cents, public issue only closed last week to be listed if not done on Friday already and Commsec does not show any value of the share

Regards



Regards
 
Mu5hu...Market Cap to Ounces of gold.
Click to expand...
And Mu, go to the 'gold comparison and information' thread to see a spreadsheet I've been working on that compares quite a few gold companies and their MC to Oz Au. It's an indication of their value. An explorer with a JORC should be on about $30, and developer $60-100, and a producer $100-200. The range depends on the quality of the assets etc etc.


JTC, you are right about the coal drilling results. It would probably be worth holding to see how MLM goes. Metrocoal's ground is highly prospective, with known coal seams so they should bring up something. Of course still no certainty.

If you want to put their EPLs in perspective, have a look at the LOD thread and one of the last maps put up by YT on LODs ground. It also shows other companies with their tenaments. Metrocoals/MLMs is huge.

Miner, I have just had a look at DVM, and to be honest, I have no idea how to value O&G plays. To me they're like going to the casnio and playing roulette. Some have more prospects than others and you might put your $2 on their number (WPL, STO, OSH, BPT) while others are very speculative and you really need to hedge your bets by going red or black. Over the past few years, I've only technically traded them with average success.

I'm soley interested in BFE for the IO project.

Sorry no help there.
 
Doubled up on KMN the past 2 days at 20c.
Click to expand...
Up 23% Friday to 26 cents.

Now up 20% on the buy, so might have payed off buying more around what might be a bottom. Might have caught the knife by the handle....

Not getting excited AT ALL, as this has been woofing continuously for a year.
 
Well, it's been a tough FY year for the general markets.

Where is it? Back to the start I think? Golly lower...

Started at 6300 ish, and ended at 5350. So market down 15%.

I've had a few lucky punts I think (MAK/O) and some great losses (KMN) but overall have returned 33%. (pre tax!)

Not sure how I feel about the 08 performance. There were so many great spec opportunites, but my investment plan is to always try and be conservative. And, that was my 2008 story. Just kept taking profits and cutting losses, and didn't over invest in anything. And, I have the feeling this year will be the same.

I suppose I can't be too upset with the outperformance given my conservative nature.

This is a different figure to my overall P&L noted in the last couple of updates as I've only just started adding in the closed trades P&L and overall graphs.

Will keep that running so it gives a fairer indication of % gain loss running through 08/09.
 
To me they're like going to the casino and playing roulette. I'm soley interested in BFE for the IO project. - Kennas

Thanks a lot for your pun on casino and O & G and I had a good laugh.

That is interesting. Now I have to watch my son who is taking his degree in Petroleum Engineering and being a Miner I have no clue what they study too .

I will give DVM a pass until I gain sufficient knowledge on O & G
 
33% gain pre tax...nice work Kennas. And, as you say, working off a conservative nature...you should be very chuffed.

Best of luck with this year though...could be a battle!
 
Yes, I agree, but I'm not sure if any more difficult.

I had to significantly readjust my portfolio this year from holding quite a few blue chip and managed funds to going to all specs and gold.

I misjudged the timings and took a bit of pain, especially on the managed funds.

However, I think I'm in the right things right now, and have learnt a lot about money management and improved my FA and TA skills, so I'm just aiming for the same result this year. 30ish %. If I keep doing that for the next 10 years, I'd be pretty happy.

They key has definately been to cut losses as early as possible and pick up undervalued and uptrending stocks.

Pending total world economic implosion, Australia and it's export led resources economy fueled by Chindia (not looking like they're slowing down much) should keep commods high, and maybe higher.

SK
 
Hooly dooly, woof woof! I can not fathom the turnaround today. Peaked at 32.5 and finished at 23.5. Surely something wrong there. Eeeeeek! Expecting bad news.

WOOF!
 
The code for this should be changed to YOYO.

Up 14%.

WTF?
 
Well, I truly think something is going on here. The buy depth is getting stacked like I have never seen it. Usually it's the other way.

Will just have to wait and see.

It's still woofing till it clearly breaks 30c and we see some higher highs and lows...
 
Bought into CGG today at 37c on the announcement.

Have been watching for yonks and this tipped me over the edge.

See thread for ann and discussions with jman.

Big MC already, but on potential, looks cheap.

Could have a $1-1.5b mc (or more) just on one of it's deposits going into production.

Currently under $400m.
 
Another good day, up to 29c.

I have a feeling an ann could be out shortly regarding drilling and/or revised JORC at Kalman.

From last ann on 25 June:

An updated mineral resource is currently being generated based on these new results as well as the previously announced rhenium results (see ASX announcement dated 4 March 2008). Recently received regional drilling results for areas along strike to the north and south of Kalman are currently being compiled and will shortly be released.

Hopefully north of the current deposit, over the fault, is an extension of the deposit. That could potentially double it's size. Fingers crossed.
 
Eeeeek!!!

I'm holding everything, and expect a bounce at some time, in the next 5 years or so!!!

Eeeeeek!!

Selling right now is stupidity IMHO.

Can't believe the lemmings....

You lemmings should have sold ages ago!!!!!!!!!!!!!!!!!
 

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tell me about it kenna
i was very dissapointed today with market but yeah wat can u do is trust ur judgetment and hold on!! haha

lets hope it bounces back!!
 
Incredible results out.

See ann.

Mind bogling actually.
 
Holey fvck!!!!

23%

This is OD ++ material!!!

Wake up market!!!

Could be a mine.

(read minor sarcasm)


Hope you've been on since 20s....
 
I'm still getting my head over this intersection.

Mind frying actually.

Cripes!!!

Any of you see this as a world turner?

Maybe I have no idea??
 
Hi Kennas

I missed to see all postings in ASF recently.

Saw one mail from JTC to you with a new thread .

Who has upset you ?

People should not press the wrong button as you are and have been doing an excellent service for most of us.

If possible whatever the errors caused by some ASF members please forgive them and do not leave this forum

Regards
 
Hi Kennas

Did you happen to see the BFE job advertisement ? It is seeking the CEO for BFE. THat is a good news of a team formation and further they have referred to its website means information will be very rich about the company

Unlike many newbe companies BFE appears to be having a professional senior executive team which is great symptom of a healthly organisation and growth of the company

I will be watching BFE in stock reports now
 
Hi Miner, I was putting noses out of joint unfortunately. I might re-open the thread once they chill out a bit. Cheers, Sean
 
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