UK Stockmarket 2009 and beyond

JonnyBravo

uk_steve wrote: »

profit £34,718

Never worry about leaving a bit in for the next man.

Thats a healthy profit.... no sorry... its mind boggling..... :beer:


(just dont look at AMC..... its just gone ballisitic.... big crash coming though, its got silly.... unsustainable now)

JonnyBravo

JonnyBravo wrote: »

(just dont look at AMC..... its just gone ballisitic.... big crash coming though, its got silly.... unsustainable now)

Called it just about perfectly. Peaked at 14's now falling rapidly. Very rapidly.

More lessons learnt for those hoping for no research investment.

uk_steve

Wow AMC has gone bannanas today

there was no way i was going to brave it for 14p plus a share


mind you it did something simular back in March and i got in and then quickly it was showing minus figures in days

looks like this may be the same thing now



FDL i know its great profit and hopefully history will tell me good move Steve

or its going to be another AMC he!he! but more important that my feeling did show a profit when i took on extra shares
(i never made that sort of money before in what 4 weeks or something)

matter of fact never in my life time in 1 go

sabretoothtigger

Now you've got the profit in cash you can feed it back out on other opportunities when they happen. I think you did the right thing in terms of being balanced

What did amc do to justify that rise, whats so different about today from yesterday. I think they found the hope diamond

In the last year Amur Minerals's share price has ranged from 0.18p to 15.00p and brokers are currently rating this stock as 'neutral'.

A third of the companies shares have been traded today

[B]Reserve Update - US$6.9bn Value[/B]

                 RNS Number : 7238X
  Amur Minerals Corporation
  20 August 2009
   
 
  

 Amur Minerals Corporation
 ("Amur" or "the Company")
 

 Reserve Update Submitted to the GKZ
 In Ground Reserve Value US$6.9bn
 

 Amur Minerals Corporation (AIM: AMC), an exploration and development company focused on East Russia, announces  that the Company has submitted its reserve estimate for its Maly Krumkon (MK) deposit to the State Committee on Reserves (GKZ) for review and approval. Upon approval and final adjustments as recommended by the GKZ, Amur may then move to the next stage in submitting a mining application for the three deposits located within the Kun-Manie nickel copper licence.
 

 Key information relating to the newly submitted MK reserve estimate follows:
 

 
[LIST]
[*] The total contained metal value at MK is US$1.8 billion. This figure is based on the current spot market prices of US$20,000 per tonne (US$9.07 per pound) for nickel and $US6,200 per tonne (US$2.81 per pound) for copper.
[/LIST]
 

 
[LIST]
[*] The MK reserve consists of 12.9 million tonnes of ore at an average nickel grade of 0.63% and an average copper grade of 0.18%.  The total contained tonnes of nickel and copper at Maly Krumkon are 81,900 and 23,700 respectively.  The reserves are categorised as C1 and C2 in accordance with the Russian reserve classification system.
[/LIST]
 

 
[LIST]
[*] Approval of this reserve by the GKZ and approvals by the various local and federal Ministries of Natural Resources will allow the Company to include it in its application for a mining licence.
[/LIST]
 

 
[LIST]
[*] The global total C1 plus C2 reserve for all three deposits is expected to stand at 31.7 million tonnes of ore. The total contained nickel and copper will be approximately 203.9 and 56.8 thousand tonnes, respectively. The average predicted diluted reserve grade utilising Russian regulatory standards is 0.64% Ni and 0.18% Cu.
[/LIST]
 

 
[LIST]
[*] Based on the US$20,000 nickel price and the US$6,200 copper price per tonne, a total metal value of US$6.9 billion is contained within the Russian reserve.
[/LIST]
 

 A direct comparison of the western prefeasibility study mineable reserves and the Russian defined reserves is depicted in the following table.
 

     Reserve
 Type
   Million
 Tonnes
   Percent
 Nickel
   Nickel
 Tonnes
   Percent
 Copper
   Copper
 Tonnes
     SRK
   31.5
   0.54
   171,296
   0.15
   47,023
     Russian
   31.7
   0.66
   210,100
   0.18
   58,400
     

 Russian reserves utilise C1 and C2 categories which approximate to JORC Proven and Probable reserves.
 

 Robin Young, Amur's [URL="http://www.digitallook.com/news/rns/2960215-177043/AMC-Reserve_Update_-_US$6.9bn_Value.html#"]Chief Executive[IMG]http://images.intellitxt.com/ast/adTypes/mag-glass_10x10.gif[/IMG][/URL] Officer, commented:
 

 "This submission completes our short term plan in moving the project forward towards mining. The addition of Maly Krumkon to the previously certified reserves provides Amur with the largest possible reserve base currently available to us for inclusion in the application for mining.  It will also contain the majority of the metal we have drilled to date."
 

 20 August, 2009
 Enquiries: 
 

     Company
 Amur Minerals Corp. 
   Nomad and Co-Broker
 RBC [URL="http://www.digitallook.com/news/rns/2960215-177043/AMC-Reserve_Update_-_US$6.9bn_Value.html#"]Capital Markets[IMG]http://images.intellitxt.com/ast/adTypes/mag-glass_10x10.gif[/IMG][/URL] 
   Public Relations
 Bankside 
     Robin Young, CEO 
   Martin Eales
   Michael Padley
     

   

   Libby Moss
     +7 (495) 629 4418 
   +44 (0) 20 7029 7881
   +44 (0) 20 7011 9411
     

 

 Amur Minerals Corporation is a mineral resource development company focused on base metal projects located in the far east of Russia where it has three projects. It's JORC compliant resource estimate for its flagship Kun-Manie project is 341,000 tonnes of contained nickel and 95,500 tonnes of copper and this is expected to increase as further exploration is completed.[B][COLOR=Blue] This resource, which has been identified and progressed in only five seasons of field work is one of the largest nickel sulphide discoveries since Voisey's Bay.[/COLOR][/B]
 

 An independently compiled pre-feasibility study of Kun-Manie conservatively indicates a Post Tax NPV (10%) of $84 million with an IRR of 15.7%.  The economic values presented are based on a $7.50 nickel price.  The study contemplates producing [B][COLOR=Blue]16,000 tonnes of recoverable nickel per year[/COLOR][/B] in concentrate from three deposits drilled to date on the Kun-Manie license as well as noting considerable upside potential.
 

 For further information about Amur, please visit the Company's website at [URL="http://www.amurminerals.com/"]www.amurminerals.com[/URL].
 

http://www.digitallook.com/news/rns/2960215-177043/AMC-Reserve_Update_-_US$6.9bn_Value.html



Forecast profit of $84 million I think thats saying, that would explain the move on a share with 17m market cap

[Deleted User]

any bets for 4850 being a turning point?

Must be lots of whipsaws and short closing just now. Anway I closed a couple of smallish limit buys and bought some SSE instead, luckily just before the rise today. The utilities are looking very attractive too

sabretoothtigger

4862 is a resistance point so I figured now might be a good time to take some profits back but looks like it is going to push past maybe. Everythings gone vertical for a minute

We shall see I guess, Im not upto speed on why everything is up again does there have to be a reason

Masomnia

Hello everyone. Was wondering about your views on profit taking.

For the last year or so I've been putting small (ish!) amounts into the market to learn my way around things. I pick things up much quicker by actually doing stuff than reading about it.

A few weeks ago I bought about £540's worth of BP, at 495p after expenses. They're now around 527p. After costs I'd make a profit of about £20, plus £10 in dividends. So I'm a little torn, it doesn't sound a lot, but that £30 represents 5.5% profit, which after a month or two isn't bad, especially given the sorry state of savings accounts.

Not really asking for advice on whether to sell. Just interested in what you consider when you're thinking about selling. Does it depend on the company, and the amount of risk you took? How important is the profit percentage? How long you've held the share?

I suppose it comes down to how you think the company will peform in future. Trying to weigh that up against my desire to crystalize my gains.

sabretoothtigger

I'm a little torn

I like that song but better advice might be dont just sell because you've made a profit. Your personal profit or loss isnt what decides whether the stock is good to buy or sell, so just following that is not going to be best.

I was just looking at oil myself, shell rather then bp but its the same thing I guess. They arent particularly exciting, since year start they have fallen. Bp is roughly back to square 1 I guess but anyway these shares are long term holdings.

Have you spotted something else you want to invest in ? If yes and you've done your homework then I guess transfer some money across but otherwise I dont see why your selling now especially

This is a mistake I make all the time, private investors let their losses run and cut their profits short. Its a bit of a classic I guess

It might be a good time to sell BP but you've not given a good reason. Check their chart, resistance levels, fundamentals but probably best to look for a better share then just sell one thats been good to you

They pay dividends quarterly afaik


http://www.youtube.com/watch?v=SmFAQl6YjqI

[Deleted User]

irrational exuberance again today

I managed to get a little one with the epic ERE but it was another one that had to go to a dealer. I got just over 19k (£4k) and I`ll be leaving it at that. I`m not comfortable with stocks that aren`t liquid. I also bought back into OXIG with more for the money that I sold for (including costs) and again above the nms so it had to go to a dealer. I won`t be getting any more littlies now. I still have 4 limit buys in and will adjust the date so they can run for a couple of months

It`s a difficult time just now for those who want to invest but are worried that they have missed the boat

sabretoothtigger

Like Jim rogers said, 'nobody likes to jump onto a moving train'

I get lost with all those little stocks, you guys must study the aim index daily or something

I'll add aim to my watchlist and look at those 1222 components :shocked: Maybe I can pick an unloved technology company and give you a run for your money, probably not


What is your reasoning behind the buying




To Masomnia another way to decide when to reduce a position is on volume. BP rose today but it was on lower volume then normal so you could take that as a bit of weakness maybe

Then you can look at the sector, other stocks are rising in the same way ? Also look at oil prices
XOM is exxon, 300bn and probably a good indicator for bp I guess

Whose is your broker? 500 is a small amount to trade hence why you'd be best to hold good or bad especially the oil monoliths.
iii might be cheaper. They told me I can have my first trade free



NYSE volume symbol - http://finance.yahoo.com/q?s=%5ETV.N
Aim - ^FTAI




Rex did well today, regained its previous top and traded just past its outer most resistance level for the day of 263.14.
I stuck to my previous plan of maybe this is a decent place to take some profit, I thought about just setting a tight trailing stop loss instead but decided I was already being careful enough and those things probably work best with more slack then I'm willing to give

http://pitrading.com/pivot_points.htm


DJAN.L is a ftse250 stock recommend by fool's 'champion shares'. I dont really see why they are so great apart from the long term rising dividend and family business angle. Alot of companies have done nice dividends just before they stopped