UK Stockmarket 2009 and beyond

JonnyBravo

sabretoothtigger wrote: »

Vid on EMED -

Thanks for those vids. (Have actually been at a few presentations and seen the stuff before but good to remind oneself of the numbers occasionally. They're big!)


Good news this weekend. The central Govt are now having their say on EMED's plans.
:j
Finally moving forward.
Roll on the elections.
Roll on AS.
Roll on my very very very large profit. I've been waiting a long time and feel I've earned it.

sabretoothtigger

You might be right about the elections, thats when I got GKP and it did tick up gradually. I was thinking 2013 maybe for actual figures to arrive and bring price up to proper heights



I was just looking at Beowulf again. Must be alot of disappointment here but just recently its been coming down on fairly light volume.

The dispute with the Sami tribe I think is resolvable as the company is not doing open cast mining? So actual disruption to the area could be minor excluding heavy goods traffic maybe



Looking at oil recently I was expecting a pullback and then a rise. A low above the December lows would be bullish for the energy names
I think Cheasapeake is cheap even though its in a negative trend and ngas is cheapest for 10 years

Market is very bullish, really been expecting it to reset much more but its sticking to an ascending ceiling


XTA up 10% today. It appeared to be at 5 PE at one point or at least way too cheap, bought some but obviously wish I got more now

[bid talk, figures. I still think it was too cheap either way http://www.bloomberg.com/news/2012-02-02/glencore-said-to-be-near-xstrata-agreement.html]

JonnyBravo

JonnyBravo wrote: »

Thanks for those vids. (Have actually been at a few presentations and seen the stuff before but good to remind oneself of the numbers occasionally. They're big!)


Good news this weekend. The central Govt are now having their say on EMED's plans.
:j
Finally moving forward.
Roll on the elections.
Roll on AS.
Roll on my very very very large profit. I've been waiting a long time and feel I've earned it.

Today has been a good day.
A very good day.
You can all thank me in a few more weeks when this will all seem a long time ago :cool:
Probably

sabretoothtigger

Volume was septuple times normal :eek:

BEM was up too on double volume but I realised it is open cast so understandably the objections are harder to dispute.
However it rose today anyway as a stock often does when tailing off to nothing in volume.
However Emed local press being positive seems much more optimistic near term for the stock

EMED Mining (LON:EMED) was the star performer in the mining sector gaining 17.5% by lunch, on well above average volume. The stock is now up over 20% since we commented last week that things appeared to be finally progressing on the permitting front at the 100% owned Rio-Tinto copper mine in Southern Spain. Local press this week has continued to highlight the apparent unnecessary delays in the re-opening of the mine and it has certainly now become a campaign issue for the respective parties ahead of the local elections next month. With all parties seemingly now openly lending their support to the reopening of the mine, and a growing torrent of calls for the restart from the local populace, could we get some developments ahead of the elections to give the current government a shot in the arm before people head to the polls ? If Administrative Standing is granted expect a rerating in the stock


Beowulf (LON:BEM) jumped 20% to 13.5p by the end of lunch, on decent volume. Shares have taken a battering over the last 6 months due to permits being suspended at both its Kallak North and Kallak South permits. With volumes starting to creep better, along with the shares price, could holders here be in store for an update on these permits? We will be watching the news wires like hawks on this one.

Condor Resources (LON:CNR) jumped 8% to 7p just before lunch, after the company reported drilling results from its La India project in Nicaragua, with results including a wide high grade gold intercept on the India-California structure on La India Vein Set including 4.19 meters true width at 6.94g/t, or grams a ton, gold from the California Vein and 7.37 meters true width at 6.31 grams a ton gold from the India Vein. The India Vein and California Vein are only 25 meters true width apart at this intercept, adding credibility to the potential for open pit mining. New 'Natalia' Vein intersected in drilling between the America and Guapinol veins with a best drill intercept of 8 meters drill width at 4.22g/t gold. Resistance at 7p looks to be the first line of interest, followed by head line resistance at 8p.

I also like CNR alot. I buy at 6p and its worth double at least I think and in production terms maybe ten times though they have no intention of digging just selling a registered resource

After a very impressive set of US non-farm payroll figures, and an equally impressive unemployment rate

Very positive USA data helps buoy recent gains. I still expect some kind of pullback or profit taking this month, Marc Faber says so!

gadgetmind

sabretoothtigger wrote: »

Very positive USA data helps buoy recent gains. I still expect some kind of pullback or profit taking this month, Marc Faber says so!

I'm watching gilts. If we see enough confidence emerging for people to start selling these, particularly linkers, then we should see a good rally.

I haven't decided what my yield trigger it to start buying back *in* to gilts as I've been Mr. Equities since the summer.

sabretoothtigger

You're not buying for value or fundamentals then? UK Gilts are awful for both, Im about to put money into Investec emerging market debt just on a growth basis

worldtraveller

All markets are looking very toppy to me. I'm currently about 60% equities, 20% bonds & 20% cash in my ISA & SIPP funds. I just sold some more equities (10%), mainly commodity based, into cash, looking for a dip soon and a buy back opportunity.

As I've said before, I still believe that most analysts current company future earnings estimates are still well wide of the mark and that things could be very different over the next few months of 2012.

Also, yet again, we seem to be drifting into some sort of, incomprehensible, comfort zone, with regard to the euro zone, where, IMHO, it is in a more precarious position than it has ever been before.

My personal strategy is largely caution now and taking any dip opportunities to get back into equities. I don't really care if this happens next week, next month, or later this year, but I believe that some major dips are very likely in the short-medium term.

gadgetmind

sabretoothtigger wrote: »

You're not buying for value or fundamentals then? UK Gilts are awful for both, Im about to put money into Investec emerging market debt just on a growth basis

Yes, that's why I'm close to 0% gilts. I will increase this (hard to go lower!) but not just yet.

lvader

The markets have got so used to crashing in the summer that its hard to think beyond that. The old adage "Sell in May and buy back in November" has never been more true.

gadgetmind

lvader wrote: »

The markets have to so use to crashing in the summer that its hard to think beyond that. The old adage "Sell in May and buy back in November" has never been more true.

2011 was kind to me, but only because certain factors out of my control imposed timings upon me that proved to be fortunate.