Ronnie Beevor buys 250K shares, John Hopkins acquires 130K shares and Russell Clark buys 83,333 shares. For those that know the
company its common-sense. You'll see the obvious pointed out, for which those
whom were waiting to acquire back would be wise to take it as a signal to
consider following suit. For those catching the bottom of anything good luck,
funded, and progressing with the Hemerdon tungsten and tin project in
Devon. It's a matter of time for a rerating, but don't expect too much too soon
its likely with limited news until production its one for patience.
For the bears of Iron Ore, Rio's news about the Simandou Miner Resources (FT Link) will assist their psychology of the tank! However it's 5 years off and its unlikely to change the landscape above and beyond the current forecasts. Albeit for Papua New Guinea it'll assist the economy massively...subject to terms.
Ophir's hopes were dashed today with the shows of rock and liquid indicators (my terminology) Gabon: Affanga Deep Well Result one assumes they're praying for better prospects from Mbeli Block. The Okala-1 well. Time for renewed speculation on Ophir?
Faroe Petroleum are catching more of their losses back! Ian's still on the money with some oiler speculation there! For me it's a 1 in 4 chance simple as...Pil oil discovery
Enjoy Tuesday the new Monday!
Atb Fraser
Fraser- Hi- Good weekend? I stayed dry as cricket was washout out locally, but did my bit for the bottle bank when friends visited on Sunday. Cant see much play at Trent Bridge today or tomorrow so its mkts and money for me...
ReplyDeleteRe WLFE- yes- 3 nice buys there, and the tungsten price, which moves like a glacier most of the time, has started to edge up over the last few days, which is positive too. As you say, the hard work has been done here, its just down to the infrastructure delivery, which has been mainly contracted out and then prod starts in 2015. The indicative C1 costs at $121 look good v. the current mkt price of $372.50/mtu.
Re RIO- yes- they had to sign the contracts but I don't think RIO are in any real hurry, which makes the BZM spike look a bit false this morning. They know how it fits in with Pinbura stocks and sales and they don't need it to be producing for a long time into the future. Which makes BZMs Kalia look like its still stranded and with the iron ore price dropping... oh dear.
Cheers. The Leggie
Republic of Guinea not Papua New Guinea! Bank Holiday head on there!
ReplyDeleteFraser- I would have been cruel to pick you up on that with all those empty bottles of gin outside your back door :-))
ReplyDeleteNice move for CCE (Camco Clean Energy) today- they are almost impossible to value, which is v useful for me ....
Cheers. The Leggie
Evening Leggie, its been a heavy day today! Some awards do for the more discreet.
ReplyDeleteRumours are that BZM have gone for a 5 pence per share recommended offer, whether this is true is another matter (I doubt it, because there's no reason to offer a premium, I remember selling these at near £1)! I've not checked the SP, but hold some 'freebies.'
Can't say I've heard of CCE (Camco), I've seen the SP/Movements but never researched! Perhaps one should, but I doubt it!
Today, pre-gin, was closing out shorts on Gold and Silver...one will see Gold move forward for obvious reasons over the next year (New Exchange due).
I'm off to the Pollen Street Social near your 'the don' day!
Atb Fraser