AFF Member Stock Discussion

[cove]

Have too many Corporate Travel shares as zero would have been the best number.They are suspended so no trading is possible.
On a brighter note Whitehaven Coal went for a run on Friday.
We are leaving Sydney today as our work here is finished.

 

[cove]

Have taken up 2 Aeris Share Purchase Plan offers now that AIS is trading above the issue price.
Finally went back into Beach Petroleum as they now have their WA gas running. I do hope production runs smoothly.

 

[cove]

BMC listed yesterday and that was positive.
We bid for Medallian Metals which is MM8 and received just under half at 33 cents.

 

[Buzzard]

BMC listed yesterday and that was positive.

Will the Morris Marina be making a comeback?

 

[cove]

Go Morris Minor @Buzzard . My mother had a black one.
BMC shares are up 25% and Morris Minors would be a collectors item.

 

[cove]

Gold and silver are both running up sweetly and A broker has tipped Perseus to jump another $2. That is PRU.

 

[harryhv]

Not for the faint-hearted - PRU is a volatile stock as Perseus' mines operate at the whim of the local chieftains in Ghana and Cote D'Ivoire, the revenue's going into developing mines in Tanzania and Sudan.

 

[prozac]

Not for the faint-hearted - PRU is a volatile stock as Perseus' mines operate at the whim of the local chieftains in Ghana and Cote D'Ivoire, the revenue's going into developing mines in Tanzania and Sudan.

So you wouldn't be keen on West African Resources Limited (WAF)?

 

[cove]

Indonesia is worse along with Mongolia.
With African gold stocks the risks cause the share prices to be about half of the price of Australian gold stocks.
Had not appreciated the risk of owning CTM as a travel stock.

 

[drron]

Any resources stock can be a wild ride. If in Africa usually a bit wilder.
My 2 best performers are RMC and FFM. By coincidence I first bought the shares at 19cents though with RMC that was initially with Spartan which was taken over by Ramelius this year. In the last 3 months both can rise or fall 5-10% in a day for no particular reason. Often the biggest losses are on the release of good news. And both still in an uptrend. Makes me wonder about becoming a day trader.
I do not invest in many companies with African resources. The ones I do mostly have other non African resources.

 

[prozac]

Any resources stock can be a wild ride. If in Africa usually a bit wilder.
My 2 best performers are RMC and FFM. By coincidence I first bought the shares at 19cents though with RMC that was initially with Spartan which was taken over by Ramelius this year. In the last 3 months both can rise or fall 5-10% in a day for no particular reason. Often the biggest losses are on the release of good news. And both still in an uptrend. Makes me wonder about becoming a day trader.
I do not invest in many companies with African resources. The ones I do mostly have other non African resources.

Do you still hold the Ramelius (RMS) shares? I didn't buy in until $2.80. I have a friend (significant SH) has been in for a long time. He told me to buy in years ago.

 

[drron]

Yes still holding RMS. They produced 300000 oz of gold this year at a profit a bit over $A3000 per oz. On target to produce 500000 oz in 2030. And if the gold price keeps rising the shares should do quite well.
And talk about timing I just received a call from FFM reminding me of the SPP. I had just brought my form up on the computer.