Go connect is an Australian based company specialising in internet services. They were at a low of .008 in August and have now risen to .024 today. Their announcement on launching their ezybonds platform for retail customers looks promising.
Check out the information on www.asx.com.au GCN code .
Do your own homework and decide for yourself. We could be wrong!
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Megamoneybox address is http://Megamoneybox.blogspot.com.au We try to help you earn money on the internet.We give free share trading tips. We aim to educate and enthuse. We are in Australia in the land of the Sun. We are asset management and risk consultants, are not financial advisors. You Trade at your own risk. We could be wrong. So do your homework. Go to our other blogs to de stress. We are not big risk takers. We asses, investigate, analyse and then decide.
Thursday, September 8, 2011
Wednesday, September 7, 2011
SO much volatility YET there are opportunities
asx:AIV
ACTIVEX LTD has showed steady gains in the past week. still a bargain at 0.045 and there announcement this week. Gold find at intersection.
Make up your own mind and do your research.
SMA smartrans is another worth watching.
Dont forget NWT..Newstat. at 0.01 has won several contracts and seems on the up.
go to www.asx.com.au and type in the code to view company information. also go to google finance and look at their company info. Google.com/finance gives more financial information as well as a list of comparable companies.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
ACTIVEX LTD has showed steady gains in the past week. still a bargain at 0.045 and there announcement this week. Gold find at intersection.
Make up your own mind and do your research.
SMA smartrans is another worth watching.
Dont forget NWT..Newstat. at 0.01 has won several contracts and seems on the up.
go to www.asx.com.au and type in the code to view company information. also go to google finance and look at their company info. Google.com/finance gives more financial information as well as a list of comparable companies.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Monday, July 18, 2011
TVN up today by 68% now .059 cents
ASX:TVN we bgt on 28.6.11 for 0.017 - 30,000 for a little over $500.00
on 8th july they bgt a coal mine in Mongolia, and on the 18th - today announced they had a discovery of a 137 metre thick coal seam discovery.
China is their potential customer. looks good.
I gave this tip last week, and am VERY pleased with a 247% rise.
should I sell 10,000 and get my investment back, and leave 20,000 at free and no cost.
No, I'll wait another week.
this has been reported in Proactive investors and in Asia business, so I think there will be heaps of buyers shortly.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
on 8th july they bgt a coal mine in Mongolia, and on the 18th - today announced they had a discovery of a 137 metre thick coal seam discovery.
China is their potential customer. looks good.
I gave this tip last week, and am VERY pleased with a 247% rise.
should I sell 10,000 and get my investment back, and leave 20,000 at free and no cost.
No, I'll wait another week.
this has been reported in Proactive investors and in Asia business, so I think there will be heaps of buyers shortly.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Friday, July 8, 2011
BDI Blinda at .012 up today by 20%
ASX:BDI Blinda at .012 up today by 20%.
can't see announcement. Put on a watch list.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
can't see announcement. Put on a watch list.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
TVN Corp announcement re shares placement at 0.02 c
So for those who hold TVN, there is now an opportunity to get more shares at .02c. This is to help fund the aquisition of the mongolian thermal coal project. see below.
"TVN Corporation has placed 76 million shares at USD 0.02 to raise USD 1.52 million to fund the 100% acquisition of the Nuurst Thermal Coal Project in Mongolia.
The acquisition though is still subject to completion of due diligence and shareholder approval.
Nuurst has an exploration target of 50 million tonnes to 100 million tonnes of thermal coal with a calorific value range Qdaf 6200 to 6800 kilocalories per kilogram.
What is so fascinating about exploration and geological understanding in Mongolia is the lack of it with estimation that only three quarters of the country has been mapped to a scale of 1:200,000.
The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.
The best part for the junior coal explorers in Mongolia is the country location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.
Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes".
(Sourced from www.proactiveinvestors.com.au)
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
"TVN Corporation has placed 76 million shares at USD 0.02 to raise USD 1.52 million to fund the 100% acquisition of the Nuurst Thermal Coal Project in Mongolia.
The acquisition though is still subject to completion of due diligence and shareholder approval.
Nuurst has an exploration target of 50 million tonnes to 100 million tonnes of thermal coal with a calorific value range Qdaf 6200 to 6800 kilocalories per kilogram.
What is so fascinating about exploration and geological understanding in Mongolia is the lack of it with estimation that only three quarters of the country has been mapped to a scale of 1:200,000.
The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.
The best part for the junior coal explorers in Mongolia is the country location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.
Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes".
(Sourced from www.proactiveinvestors.com.au)
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Wednesday, July 6, 2011
CGT biggest gold seam ever discovered under Ballarat
announcement June 21 2011. Then 10 mins on 7.30 report last week.
ASX:CGT
But itnhasnt moved much.. here's hoping mid August or September sees a big find...
Castlemaine Goldfields hits big gold in Ballarat
BY FIONA HENDERSON
21 Jun, 2011 01:20 PM
CASTLEMAINE Goldfields has unearthed one of Ballarat’s best ever gold finds.
Exploration drilling at its $3 million Ballarat Gold Project — roughly 500 metres under the Barkly Street skate park — has unearthed a gold vein valued about $1400 per tonne.
Castlemaine Goldfields managing director Matt Gill said it was one of the greatest strikes he’d ever seen.
“This is one of the best underground gold intersections recorded to date in the Ballarat goldfield, and reinforces our conviction that the best area to explore and mine for gold at Ballarat is at the northern part of the goldfield,” Mr Gill said.
“We need more confirmation but it has raised our hopes, based on the geological data.”
The 29.1 metre long strike was found in the Sulieman Line in the project’s northern section, with 32.1 grams of gold found per tonne.
“Thirty grams is about one ounce and one ounce is worth about $1400. This is a very high value.
“To put it in perspective, the average grade of gold found in WA is two grams per tonne.
“We need to do more follow-up drilling and we need to do more intersections.”
Mr Gill said the find was not even in the Ballarat Gold Project’s current mine plan.
“We can now add it into our mine plan. It’s certainly made us think twice I can tell you.”
Castlemaine Goldfields bought Ballarat Goldfields in March last year for $4.5 million after it proved a liability for former owner Lihir Gold.
The company immediately concentrated on the mine’s northern sections, with initial assay results in July last year finding minerals much higher up the mine than expected.
Mr Gill said it was still planned to turn on the project’s gold mill in September, with an expected 50,000 ounces of gold to be extracted annually. “We are currently extending the existing underground decline and this will pass close by this intersection.
“We now plan to conduct in-fill drilling with the objective of being able to add this mineralisation into our near-term gold production plan.
“This represents a great upside for us, as we progress on schedule towards first gold production in September this year.”
About 100 workers are employed at the Ballarat Gold Project.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
ASX:CGT
But itnhasnt moved much.. here's hoping mid August or September sees a big find...
Castlemaine Goldfields hits big gold in Ballarat
BY FIONA HENDERSON
21 Jun, 2011 01:20 PM
CASTLEMAINE Goldfields has unearthed one of Ballarat’s best ever gold finds.
Exploration drilling at its $3 million Ballarat Gold Project — roughly 500 metres under the Barkly Street skate park — has unearthed a gold vein valued about $1400 per tonne.
Castlemaine Goldfields managing director Matt Gill said it was one of the greatest strikes he’d ever seen.
“This is one of the best underground gold intersections recorded to date in the Ballarat goldfield, and reinforces our conviction that the best area to explore and mine for gold at Ballarat is at the northern part of the goldfield,” Mr Gill said.
“We need more confirmation but it has raised our hopes, based on the geological data.”
The 29.1 metre long strike was found in the Sulieman Line in the project’s northern section, with 32.1 grams of gold found per tonne.
“Thirty grams is about one ounce and one ounce is worth about $1400. This is a very high value.
“To put it in perspective, the average grade of gold found in WA is two grams per tonne.
“We need to do more follow-up drilling and we need to do more intersections.”
Mr Gill said the find was not even in the Ballarat Gold Project’s current mine plan.
“We can now add it into our mine plan. It’s certainly made us think twice I can tell you.”
Castlemaine Goldfields bought Ballarat Goldfields in March last year for $4.5 million after it proved a liability for former owner Lihir Gold.
The company immediately concentrated on the mine’s northern sections, with initial assay results in July last year finding minerals much higher up the mine than expected.
Mr Gill said it was still planned to turn on the project’s gold mill in September, with an expected 50,000 ounces of gold to be extracted annually. “We are currently extending the existing underground decline and this will pass close by this intersection.
“We now plan to conduct in-fill drilling with the objective of being able to add this mineralisation into our near-term gold production plan.
“This represents a great upside for us, as we progress on schedule towards first gold production in September this year.”
About 100 workers are employed at the Ballarat Gold Project.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
TVN still rising on announcements
TVN still rising on announcements. rose again today 10% , then dropped back to rise of 6.67% (J curve jumped to 94% just before the "correction"
Have a look at the graph pic to 3pm.
I go to www.google.com/finance and have a free account. When you search for a stock you put items in watchlists and I tend to be guided by the technicals.
by that I mean, when you look up ASX:TVN for example, just below the 1st graph you can add technicals, and create more mini graphs.
I add Bollinger, and am guided by the past and potential squeeze of the 3 points, which often indicates a sudden rise is imminent.You can search internet for more on these technicals.
I also add KDJ which is similar. I watch the J curve to make sure it is not above the others or above 70%.
I also add MACD another indicator of volume etc.
when you scroll down you can also see other companies in similar field, and you cna see if they rose or fell that day, plus other vital information.
Try it yourself and read the announcements for that stock, which are linked on the top right hand side.
Remember we are not financial advisors. Sampson Management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Have a look at the graph pic to 3pm.
I go to www.google.com/finance and have a free account. When you search for a stock you put items in watchlists and I tend to be guided by the technicals.
by that I mean, when you look up ASX:TVN for example, just below the 1st graph you can add technicals, and create more mini graphs.
I add Bollinger, and am guided by the past and potential squeeze of the 3 points, which often indicates a sudden rise is imminent.You can search internet for more on these technicals.
I also add KDJ which is similar. I watch the J curve to make sure it is not above the others or above 70%.
I also add MACD another indicator of volume etc.
when you scroll down you can also see other companies in similar field, and you cna see if they rose or fell that day, plus other vital information.
Try it yourself and read the announcements for that stock, which are linked on the top right hand side.
Remember we are not financial advisors. Sampson Management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Tuesday, July 5, 2011
TVN Corporation asx:TVN up from .017 to .030 in one week!
TVN Corporation asx:TVN up from .017 to .030 in one week!
bgt 30,000 on 28.6.11 profit so far 380.00 on a small 500.00 + 30 fees.
Worth a small investment..
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
bgt 30,000 on 28.6.11 profit so far 380.00 on a small 500.00 + 30 fees.
Worth a small investment..
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Tuesday, June 21, 2011
CGT Castelmaine is up 10% already price .044
CGT:ASX Castlemaine is a gold producer I identified in May 2010 price 0.048. At that time the article said that they had purchased the company for a tiny 4.1 million dollars.
I purchased some in ........ and this week they had a big announcement about a major gold find i, possibly the biggest find ever in Victoria, Australia, Ballarat.Ballarat was one of the early goldfields and has produced a huge amount of gold over the years.
Last night there was a 10 min segment on CGT on ABCTV 7.30 report.
So what value would you put on that amount of free advertising!
I think their target market, conservative small cap share traders will jump on board today. Price at close yesterday was only a 0.004 cents. less than half a cent each.
Already today it has risen 10%.
It was a bit of a rush to get some.
CGT expect to reach the rich gold seam by august.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
I purchased some in ........ and this week they had a big announcement about a major gold find i, possibly the biggest find ever in Victoria, Australia, Ballarat.Ballarat was one of the early goldfields and has produced a huge amount of gold over the years.
Last night there was a 10 min segment on CGT on ABCTV 7.30 report.
So what value would you put on that amount of free advertising!
I think their target market, conservative small cap share traders will jump on board today. Price at close yesterday was only a 0.004 cents. less than half a cent each.
Already today it has risen 10%.
It was a bit of a rush to get some.
CGT expect to reach the rich gold seam by august.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Monday, June 20, 2011
Re the market is in turmoil BUT theres potential with FML
Just while we feel like being bearish and hiding in a hole on a very bad day, FML Focus minerals rose and there seems to be some good buying.
WHY? because of this announcement below. They are making an offer for Cresent Gold.
Another possible opportunity is CRJ Castemaine. rose today by 12.82 % as per asx.com.au
Code Last % Chg Bid Offer Open High Low Vol
CGT 0.044 12.82% 0.044 0.045 0.043 0.051 0.043 63,970,442
press release
June 20, 2011, 12:06 a.m. EDT
Retransmission: Recommended Takeover of Crescent Gold by Focus Minerals
PERTH, WESTERN AUSTRALIA, Jun 20, 2011 (MARKETWIRE via COMTEX) --
-- Transaction to make Focus one of Australia's Top 5(1) Gold Producers
with a 230,000oz production target in 2012 from multiple open pit and
underground operations
-- Focus offering oneshare for every 1.18 Crescent shares in an off-market
bid
-- Offer represents 30.5% premium to Crescent's last close price of $0.05
per share(2)
-- Crescent Directors unanimously recommend shareholders accept the offer,
in the absence of a Superior Proposal
-- Pre Bid Agreement in favour of Focus for 19.9% of Crescent from Deutsche
Bank group
-- Increased management depth and operational experience to maximise the
value of Crescent's assets
-- Combined group will have a JORC Resource inventory of 4.3Moz of gold(3)
-- Strong rerating potential with the merged proforma EV/Resource multiple
at a 39% discount to the current peer average of A$107/oz
-- Significant synergies in combining two major West Australian mining
regions: Focus' established Coolgardie operations with Crescent's
significant open pit operations at the Laverton Gold Project
-- Combined group will have the financial strength to unlock Crescent's
extensive exploration upside across 1,400km(2) of tenements
Focus Minerals Limited ("Focus") (asx:FML) and Crescent Gold Limited ("Crescent") /quotes/zigman/30819 CA:CRA +10.00% (asx:CRE)(frankfurt:CRE5) are pleased to jointly announce that they have agreed to merge the companies by way of a conditional off-market takeover bid by Focus for all of the issued shares in Crescent ("Offer").
The Crescent Board unanimously recommend the Offer, and intend to accept the Offer in respect of their Crescent holdings, in the absence of a Superior Proposal.
The transaction will make Focus one ofAustralia's Top 5(1) gold producers with targeted annual production of 230,000oz, a combined JORC resource base of 4.3Moz of gold(3), and outstanding growth potential across two major Western Australian mining regions.
OFFER DETAILS
Focus and Crescent have executed a Bid Implementation Agreement ("BIA"), under which Focus agreed to make the Offer. The consideration being offered to Crescent Shareholders is one Focus share for every 1.18 Crescent shares, which represents a premium of 30.5% to Crescent's closing price on 17 June 2011(4).
The Offer is subject to customary conditions, including the following:
-- Minimum acceptance of 90%;
-- No Material Adverse Change; and
-- No prescribed occurrences.
The Offer conditions are set out in Schedule 2 of the BIA in Annexure C. Full particulars of the Offer will be provided in the Bidder's Statement.
The transaction has the support of Crescent's major shareholder, Deutsche Bank AG who has agreed to accept the Offer in respect of a 19.9% stake in Crescent pursuant to a Pre-Bid Agreement with Focus.
At the closing price of Focus shares on 17 June 2011 of 7.7 cents per share, the Offer represents an offer price of 6.5 cents per Crescent share, representing a premium of 30.5% on the closing price of Crescent shares on 17 June 2011 of 5 centsper share, a 29.10% premium to the 5day volume weighted average price ("VWAP") of Crescent shares of 5.1 cents per share and a 20.75% premium to the 30day VWAP of Crescent shares of 5.4 cents per share.
The Offer will be extended to any Crescent shares that are issued during the Offer period as a result of the exercise of Crescent options or conversion of convertible notes on issue before the Offer opens. However, Focus also intends to enter into private treaty arrangements with Crescent option holders to acquire their options in exchange for Focus shares on a ratio determined by reference to the respective exercise price and expiry date of their options.
TRANSACTION HIGHLIGHTS
The Boards of Focus Minerals and Crescent Gold consider that the combination of the two companies will provide significant strategic and financial benefits to both sets of shareholders:
Mr Campbell Baird, Chief Executive Officer of Focus Minerals said: "The merger of Crescent Gold and Focus Minerals provides a unique opportunity for both businesses to fast track their growth aspirations making Focus one of Australia's Top 5 gold producers.
"Once this transaction is complete this creates a strong platform for both companies' shareholders to benefit from a substantial value uplift from a significant increase in combined production, a doubling of gold resources, and the ability to step up exploration within Crescent's extensive landholding," Mr Baird said.
Mr Mark Tory, Managing Director of Crescent Gold said: "The Board of Crescent Gold considers the transaction to be a compelling opportunity for Crescent Shareholders to capture a premium for their shareholding and become part of a major new Australian gold producer. Post-acquisition, Crescent shareholders will be part of an entity with an exciting production and exploration growth profile, strong balance sheet, diversified asset portfolio, and a strong track record in mine operations."
Key compelling benefits for both Focus Minerals and Crescent Gold shareholders include:
-- Creates a Top 5 Australian Gold Producer - With a targeted annual
production of 230,000oz in 2012 and outstanding growth potential across
two major Western Australian mining regions, the combined company will
become a top 5(1)Australian gold producer.
-- Proven Track Record of Mine Operation - Focus has a deep management team
with proven development and mine operation capabilities, having
recommissioned the Three Mile Hill processing plant 18 months ago and
opened two new mining operations in the last three months. Focus will
use this operational expertise to maximise the value of Crescent's
assets.
-- Significant Resource Growth Potential - The combined group will have a
very significant JORC Resource inventory of 4.3Moz(3). Both the Laverton
and Coolgardie regions have demonstrated the opportunity for significant
resource growth on targeted exploration programmes. Focus brings the
immediate funds to accelerate exploration at Laverton, with strong group
revenues providing a basis to fund further exploration to expand group
resources.
-- Strong Operating Cash Flows - The transaction will create a combined
group with very strong anticipated operating cash flow.
-- Valuation Uplift - The implied EV/Resource ratio of the combined entity
is A$66/oz which is a 39% discount to the ASX listed gold producers
average of A$107/oz, implying a significant opportunity for a
revaluation of the combined group.
EXCLUSIVITY ARRANGEMENTS AND PRE-BID WITH CRESCENT SHAREHOLDER
The Board of Directors of Crescent has unanimously recommended that, in the absence of a Superior Proposal all Crescent shareholders accept the Offer, and all directors intend to accept the offer.
Pursuant to the BIA, Focus and Crescent have agreed customary exclusivity arrangements, including "no shop" and "no talk" provisions. The BIA also confers a matching right on Focus. See Annexure C for a copy of the BIA.
Focus has entered into a pre-bid acceptance agreement with Crescent's major shareholder, Deutsche Bank group, which through its wholly owned subsidiary Gulara Pty Ltd owns 29.23% of Crescent. The pre-bid agreement is in respect of 19.9% of Crescent. Separately, Focus has also been informed by Deutsche that its present intention is to accept the Offer in respect of the remaining 9.33%of Crescent shares it holds, no later than five days prior to the end of the Offer period, subject to there being no Superior Proposal. Deutsche Bank has no obligation to accept the Offer in respect of the remaining 9.33% stake and may dispose of these shares to a third party at any time.
LOAN & WORKING CAPITAL FACILITY ARRANGEMENTS
In May 2011 Focus provided a $3 million secured loan to Crescent which upon shareholder approval will turn into a convertible note. Once approved, that convertible note will be convertible into Crescent shares at the conversion price of the lower of $0.05 and 85% of 5 day VWAP of Crescent shares, with 1 free attaching option for each two shares provided.
In addition, on 17 June 2011, Focus provided a $10 million working capital facility to Crescent, which subject to shareholder approval, may be converted into convertible notes. These convertible notes will be convertible to Crescent shares on substantially the same terms as the May 2011 convertible note.
INDICATIVE TIMETABLE
The indicative timetable in relation to the Offer is set out below.
-----------------------------------------------------------------------
-----
Monday, 20 June 2011 Announcement of Transaction
----------------------------------------------------------------------------
Monday, 4 July 2011 Focus lodges its Bidder's Statement with ASIC and ASX
and serves it on Crescent
----------------------------------------------------------------------------
Monday, 4 July 2011 Crescent lodges its Target's Statement with ASIC and
ASX and serves it on Focus
----------------------------------------------------------------------------
Thursday, 7 July 2011 Joint despatch of Bidder's Statement and Target's
Statement
----------------------------------------------------------------------------
Thursday, 7 July 2011 Offer Opens
----------------------------------------------------------------------------
Monday, 8 August 2011 Close of Offer (unless extended)
----------------------------------------------------------------------------
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
WHY? because of this announcement below. They are making an offer for Cresent Gold.
Another possible opportunity is CRJ Castemaine. rose today by 12.82 % as per asx.com.au
Code Last % Chg Bid Offer Open High Low Vol
CGT 0.044 12.82% 0.044 0.045 0.043 0.051 0.043 63,970,442
press release
June 20, 2011, 12:06 a.m. EDT
Retransmission: Recommended Takeover of Crescent Gold by Focus Minerals
PERTH, WESTERN AUSTRALIA, Jun 20, 2011 (MARKETWIRE via COMTEX) --
-- Transaction to make Focus one of Australia's Top 5(1) Gold Producers
with a 230,000oz production target in 2012 from multiple open pit and
underground operations
-- Focus offering oneshare for every 1.18 Crescent shares in an off-market
bid
-- Offer represents 30.5% premium to Crescent's last close price of $0.05
per share(2)
-- Crescent Directors unanimously recommend shareholders accept the offer,
in the absence of a Superior Proposal
-- Pre Bid Agreement in favour of Focus for 19.9% of Crescent from Deutsche
Bank group
-- Increased management depth and operational experience to maximise the
value of Crescent's assets
-- Combined group will have a JORC Resource inventory of 4.3Moz of gold(3)
-- Strong rerating potential with the merged proforma EV/Resource multiple
at a 39% discount to the current peer average of A$107/oz
-- Significant synergies in combining two major West Australian mining
regions: Focus' established Coolgardie operations with Crescent's
significant open pit operations at the Laverton Gold Project
-- Combined group will have the financial strength to unlock Crescent's
extensive exploration upside across 1,400km(2) of tenements
Focus Minerals Limited ("Focus") (asx:FML) and Crescent Gold Limited ("Crescent") /quotes/zigman/30819 CA:CRA +10.00% (asx:CRE)(frankfurt:CRE5) are pleased to jointly announce that they have agreed to merge the companies by way of a conditional off-market takeover bid by Focus for all of the issued shares in Crescent ("Offer").
The Crescent Board unanimously recommend the Offer, and intend to accept the Offer in respect of their Crescent holdings, in the absence of a Superior Proposal.
The transaction will make Focus one ofAustralia's Top 5(1) gold producers with targeted annual production of 230,000oz, a combined JORC resource base of 4.3Moz of gold(3), and outstanding growth potential across two major Western Australian mining regions.
OFFER DETAILS
Focus and Crescent have executed a Bid Implementation Agreement ("BIA"), under which Focus agreed to make the Offer. The consideration being offered to Crescent Shareholders is one Focus share for every 1.18 Crescent shares, which represents a premium of 30.5% to Crescent's closing price on 17 June 2011(4).
The Offer is subject to customary conditions, including the following:
-- Minimum acceptance of 90%;
-- No Material Adverse Change; and
-- No prescribed occurrences.
The Offer conditions are set out in Schedule 2 of the BIA in Annexure C. Full particulars of the Offer will be provided in the Bidder's Statement.
The transaction has the support of Crescent's major shareholder, Deutsche Bank AG who has agreed to accept the Offer in respect of a 19.9% stake in Crescent pursuant to a Pre-Bid Agreement with Focus.
At the closing price of Focus shares on 17 June 2011 of 7.7 cents per share, the Offer represents an offer price of 6.5 cents per Crescent share, representing a premium of 30.5% on the closing price of Crescent shares on 17 June 2011 of 5 centsper share, a 29.10% premium to the 5day volume weighted average price ("VWAP") of Crescent shares of 5.1 cents per share and a 20.75% premium to the 30day VWAP of Crescent shares of 5.4 cents per share.
The Offer will be extended to any Crescent shares that are issued during the Offer period as a result of the exercise of Crescent options or conversion of convertible notes on issue before the Offer opens. However, Focus also intends to enter into private treaty arrangements with Crescent option holders to acquire their options in exchange for Focus shares on a ratio determined by reference to the respective exercise price and expiry date of their options.
TRANSACTION HIGHLIGHTS
The Boards of Focus Minerals and Crescent Gold consider that the combination of the two companies will provide significant strategic and financial benefits to both sets of shareholders:
Mr Campbell Baird, Chief Executive Officer of Focus Minerals said: "The merger of Crescent Gold and Focus Minerals provides a unique opportunity for both businesses to fast track their growth aspirations making Focus one of Australia's Top 5 gold producers.
"Once this transaction is complete this creates a strong platform for both companies' shareholders to benefit from a substantial value uplift from a significant increase in combined production, a doubling of gold resources, and the ability to step up exploration within Crescent's extensive landholding," Mr Baird said.
Mr Mark Tory, Managing Director of Crescent Gold said: "The Board of Crescent Gold considers the transaction to be a compelling opportunity for Crescent Shareholders to capture a premium for their shareholding and become part of a major new Australian gold producer. Post-acquisition, Crescent shareholders will be part of an entity with an exciting production and exploration growth profile, strong balance sheet, diversified asset portfolio, and a strong track record in mine operations."
Key compelling benefits for both Focus Minerals and Crescent Gold shareholders include:
-- Creates a Top 5 Australian Gold Producer - With a targeted annual
production of 230,000oz in 2012 and outstanding growth potential across
two major Western Australian mining regions, the combined company will
become a top 5(1)Australian gold producer.
-- Proven Track Record of Mine Operation - Focus has a deep management team
with proven development and mine operation capabilities, having
recommissioned the Three Mile Hill processing plant 18 months ago and
opened two new mining operations in the last three months. Focus will
use this operational expertise to maximise the value of Crescent's
assets.
-- Significant Resource Growth Potential - The combined group will have a
very significant JORC Resource inventory of 4.3Moz(3). Both the Laverton
and Coolgardie regions have demonstrated the opportunity for significant
resource growth on targeted exploration programmes. Focus brings the
immediate funds to accelerate exploration at Laverton, with strong group
revenues providing a basis to fund further exploration to expand group
resources.
-- Strong Operating Cash Flows - The transaction will create a combined
group with very strong anticipated operating cash flow.
-- Valuation Uplift - The implied EV/Resource ratio of the combined entity
is A$66/oz which is a 39% discount to the ASX listed gold producers
average of A$107/oz, implying a significant opportunity for a
revaluation of the combined group.
EXCLUSIVITY ARRANGEMENTS AND PRE-BID WITH CRESCENT SHAREHOLDER
The Board of Directors of Crescent has unanimously recommended that, in the absence of a Superior Proposal all Crescent shareholders accept the Offer, and all directors intend to accept the offer.
Pursuant to the BIA, Focus and Crescent have agreed customary exclusivity arrangements, including "no shop" and "no talk" provisions. The BIA also confers a matching right on Focus. See Annexure C for a copy of the BIA.
Focus has entered into a pre-bid acceptance agreement with Crescent's major shareholder, Deutsche Bank group, which through its wholly owned subsidiary Gulara Pty Ltd owns 29.23% of Crescent. The pre-bid agreement is in respect of 19.9% of Crescent. Separately, Focus has also been informed by Deutsche that its present intention is to accept the Offer in respect of the remaining 9.33%of Crescent shares it holds, no later than five days prior to the end of the Offer period, subject to there being no Superior Proposal. Deutsche Bank has no obligation to accept the Offer in respect of the remaining 9.33% stake and may dispose of these shares to a third party at any time.
LOAN & WORKING CAPITAL FACILITY ARRANGEMENTS
In May 2011 Focus provided a $3 million secured loan to Crescent which upon shareholder approval will turn into a convertible note. Once approved, that convertible note will be convertible into Crescent shares at the conversion price of the lower of $0.05 and 85% of 5 day VWAP of Crescent shares, with 1 free attaching option for each two shares provided.
In addition, on 17 June 2011, Focus provided a $10 million working capital facility to Crescent, which subject to shareholder approval, may be converted into convertible notes. These convertible notes will be convertible to Crescent shares on substantially the same terms as the May 2011 convertible note.
INDICATIVE TIMETABLE
The indicative timetable in relation to the Offer is set out below.
-----------------------------------------------------------------------
-----
Monday, 20 June 2011 Announcement of Transaction
----------------------------------------------------------------------------
Monday, 4 July 2011 Focus lodges its Bidder's Statement with ASIC and ASX
and serves it on Crescent
----------------------------------------------------------------------------
Monday, 4 July 2011 Crescent lodges its Target's Statement with ASIC and
ASX and serves it on Focus
----------------------------------------------------------------------------
Thursday, 7 July 2011 Joint despatch of Bidder's Statement and Target's
Statement
----------------------------------------------------------------------------
Thursday, 7 July 2011 Offer Opens
----------------------------------------------------------------------------
Monday, 8 August 2011 Close of Offer (unless extended)
----------------------------------------------------------------------------
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Wednesday, May 25, 2011
post from www.asxguru.com.au
here's something interesting
May 22, 2011Comments Off
Carbon Tax Will Cost JobsCategories: Sundry
Back in April I posted about an article that alluded to the possibility of the carbon tax actually leading to the increase of pollution as heavy carbon emitting industries pack up and move offshore. Not only that – a significant number of Australian jobs will be lost as well!
Those who support the carbon tax have preached about the new economy and how the tax will lead to job creation and new opportunities. This sort of talk is just that – talk! The reality will most likely be that entire sectors of industry will fold up their operations and move offshore. With that will go thousands of jobs.
At the beginning of this week, supporters of a carbon emissions tax were heralding the news of a substantial increase in carbon reduction targets from Britain. But then just a few days later, the consequences of that decision became clear with one of the world’s largest steel produces Tata Steel deciding to cut 1,500 in Britain.
This article from The Australian reports on the development and to quote from it;
Karl-Ulrich Kohler, Tata Steel’s head of Europe, blamed the cuts on the decline of the construction industry, but added that new EU environmental laws and planned British legislation had compounded the company’s problems.
“Europe’s steel industry is in danger of being made uncompetitive in the world market because of European taxes on UK emissions,” said Dr Kohler.
“But here in Britain we are facing a double whammy of carbon targets.”
Under the coalition deal, the government plans to bring in the toughest carbon emissions targets in the world by 2027. The EU has already said that member states must slash emissions, but Britain will go farther and cut them by 80 per cent by 2050.
Godfrey Bloom, the UKIP MEP in whose Yorkshire & North Lincolnshire constituency the Scunthorpe cuts will fall, said the “misguided” carbon legislation had made “a bad commercial situation far, far worse”.
He added: “Certain extra costs and additional targets are clearly undermining business confidence. The result, as we see, is lost jobs.”
We are seeing the very same message from sectors of Australian industry – warning of the dire consequences.
ref www.asxguru.com.au
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
May 22, 2011Comments Off
Carbon Tax Will Cost JobsCategories: Sundry
Back in April I posted about an article that alluded to the possibility of the carbon tax actually leading to the increase of pollution as heavy carbon emitting industries pack up and move offshore. Not only that – a significant number of Australian jobs will be lost as well!
Those who support the carbon tax have preached about the new economy and how the tax will lead to job creation and new opportunities. This sort of talk is just that – talk! The reality will most likely be that entire sectors of industry will fold up their operations and move offshore. With that will go thousands of jobs.
At the beginning of this week, supporters of a carbon emissions tax were heralding the news of a substantial increase in carbon reduction targets from Britain. But then just a few days later, the consequences of that decision became clear with one of the world’s largest steel produces Tata Steel deciding to cut 1,500 in Britain.
This article from The Australian reports on the development and to quote from it;
Karl-Ulrich Kohler, Tata Steel’s head of Europe, blamed the cuts on the decline of the construction industry, but added that new EU environmental laws and planned British legislation had compounded the company’s problems.
“Europe’s steel industry is in danger of being made uncompetitive in the world market because of European taxes on UK emissions,” said Dr Kohler.
“But here in Britain we are facing a double whammy of carbon targets.”
Under the coalition deal, the government plans to bring in the toughest carbon emissions targets in the world by 2027. The EU has already said that member states must slash emissions, but Britain will go farther and cut them by 80 per cent by 2050.
Godfrey Bloom, the UKIP MEP in whose Yorkshire & North Lincolnshire constituency the Scunthorpe cuts will fall, said the “misguided” carbon legislation had made “a bad commercial situation far, far worse”.
He added: “Certain extra costs and additional targets are clearly undermining business confidence. The result, as we see, is lost jobs.”
We are seeing the very same message from sectors of Australian industry – warning of the dire consequences.
ref www.asxguru.com.au
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
re current falls.
I have decided that the second wave of the Global financial crisis is now upon us. It's a hold and take no risks mentality at the moment.
The Dow and the aussie all ords are below the lowpoint. Yesterday was the lowest in 10 weeks.
Hold and fold your money till after August when the US will go begging to congress for more money... their 14 trillion is now all used up!
Greece, Spain, Italy are in trouble.. well, they don't believe in paying income tax, so how is their governement(s) going to repay!
Germany might hold the purse strings, but Spain has regularly defaulted over the years. So what's new?
So hold your positions. Maybe it will work out in another year. It is not looking good. Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
The Dow and the aussie all ords are below the lowpoint. Yesterday was the lowest in 10 weeks.
Hold and fold your money till after August when the US will go begging to congress for more money... their 14 trillion is now all used up!
Greece, Spain, Italy are in trouble.. well, they don't believe in paying income tax, so how is their governement(s) going to repay!
Germany might hold the purse strings, but Spain has regularly defaulted over the years. So what's new?
So hold your positions. Maybe it will work out in another year. It is not looking good. Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Saturday, January 29, 2011
This big drop on all markets looks bad.
HI,
As long as you can read and write, and move and see, you can learn.
You need to learn so you will be able to survive and make sense of this world.
I want to be able to say something optimistic, but I can't.
I think it's time to sell off and cash in all profits. asap
If you go to www.google.com/finance, and search the S&P200, do a technical KDJ analysis, it showed on the J, on friday about 1pm, that the
A ords is oversold. it was above the 80. It's a sign to sell and not buy. Just
one of many signs.
(google finance is a great free tool for using technical analysis. Learn by doing there, but go via internet explorer. Mozilla somehow doesn't allow you to do the technical analysis, neither does Yahoo finance. )
I think the Global economy is in serious trouble.
I hope I'm wrong, I really hope so
The A ords closed at 4875 on Friday 28.1.11 with a drop of 34 points, all
markets dropped.(the asx S&P200 dropped too. its about 100 points less.
I don't think you can dismiss these drops as a correction after 8 weeks of aus
rises. I don't think you can blame the riots in Egypt, or the closure of
more banks in the USA this week.
My thoughts are it is a reflection of pessimism and the revelations that
arose from the GFC this week that the regulators and
top management do not actually know what caused the GFC or how to fix, or
even how to avoid it in future.
google recent GFC investigations 24.1.2011
http://www.nytimes.com/2011/01/28/business/economy/28inquiry.html
and see 1929 data below.
US market in Review: World market Crashed due to the Political unrest in
Egypt
29 January 2011 ref
http://galaxystocks.com/4595/sector-summary/us-market-in-review-world-market-crashed-due-to-the-political-unrest-in-egypt/
S&P 500 had it's biggest decline in the history of since August, US economy
faced the challenging among the trade due to the political uncertainty in
Egypt and huge fell of Ford motor and Amazon shares.
Three major NASDAQ, S&P 500 and Dow Jones indices were attempted to stable
the market but failed to perform well and lost the investor confidence
because investor are looking for safety for their investment. Even no single
indices were closed above the trend line during last session of trade.
Dow Jones Industrial Average declined -1.39% or -166.13 points to 11,823.70
however it exhibited a positive quarterly performance of +248.16 points or
2.14% which continued to remain up for half year with +1325.82 points or
12.63% and YTD performance firmed at +246.19 points or 2.13%.
S&P 500 INDEX, RTH declined -1.79% or -23.20 points to 1,276.34 however it
exhibited a positive quarterly performance of +17.83 points or 1.42% which
continued to remain up for half year with +170.21 points or 15.39% and YTD
performance firmed at +18.7 points or 1.49%.
NASDAQ Composite declined -2.48% or -68.39 points to 2,686.89 however it
exhibited a positive quarterly performance of +179.52 points or 7.16% which
continued to remain up for half year with +422.33points or 18.65% and YTD
performance firmed at +34.02 points or 1.28%.
so what can you do?
Make your own MOPI - MY own personal Indicator.
I/we started trading just before the Global financial crisis (GFC) in August
2007.
The A Ord was at 6830. (you can find the historical figures on the
www.asx.com.au)
I think of the scale like stairs, 1 - 9 NINE BEING the top without a
landing. step 5 is good, steps 6 - 7 excellent. 8-9 it may be about to
burst. But steps 3-4 require more research and much caution.
In 2007 we were going up fast toward a bust, it was rising too sharply and
too high.
In January 2008 there were huge unexpected problems in the USA, and in July
2009 it fell to 3111.
It has been up and down since. Halfway between both extremes is my midpoint.
You may not agree with this time frame so make your own YOPI - (Your own
personal indicator.. (MOPI =My Own personal Indicator.)
To calculate your own YOPI take the period you think is a good reflection of
the global market then the record the highest daily result less the lowest.
divide by 2 and add the result to the lowest. Note the historical figures
will change so you need to re do your YOPI every 3-6 months.
My Mopi.
Since 1.07.2007 The highest UPPER was 6853. The LOWEST 3111. 1871 on top of
the lowest of 3111= 4982
Right now it is BELOW at 4800 .
IT'S NOT ABOVE MY MID POINT. THE MARKET is still shaky.
My current MOPI is 4970. That is my worry line. That's a Decision time.
I take in all the indications on the chart and finally look at the market
points, and deduct my MOPI. If the result is above my 4962 points, I'm
happy. Right now its not.
Here's some sobering thoughts . ref
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
" Anyone who bought stocks in mid-1929 and held onto them saw most of his or
her adult life pass by before getting back to even. "
-Richard M. Salsman[3]
The Roaring Twenties, the decade that led up to the Crash,[4] was a time of
wealth and excess. Despite caution of the dangers of speculation, many
believed that the market could sustain high price levels. Shortly before the
crash, economist Irving Fisher famously proclaimed, "Stock prices have
reached what looks like a permanently high plateau."[5] However, the
optimism and financial gains of the great bull market were shattered on
"Black Tuesday", October 29, 1929, when share prices on the New York Stock
Exchange (NYSE) collapsed. Stock prices plummeted on that day, and continued
to fall at an unprecedented rate for a full month.[6]
The October 1929 crash came during a period of declining real estate values
in the United States (which peaked in 1925)[citation needed] near the
beginning of a chain of events that led to the Great Depression, a period of
economic decline in the industrialized nations.
The October 1929 crash came during a period of declining real estate values
in the United States (which peaked in 1925)[citation needed] near the
beginning of a chain of events that led to the Great Depression, a period of
economic decline in the industrialized nations.
In the days leading up to "Black Thursday" (called "Black Friday" in Europe
due to the time difference) and "Black Tuesday" the following week, the
market was severely unstable. Periods of selling and high volumes of trading
were interspersed with brief periods of rising prices and recovery.
Economist and author Jude Wanniski later correlated these swings with the
prospects for passage of the Smoot-Hawley Tariff Act, which was then being
debated in Congress.[7] After the crash, the Dow Jones Industrial Average
(DJIA) partially recovered in November-December 1929 and early 1930, only to
reverse and crash again, reaching a low point of the great bear market in
1932. On July 8, 1932, the Dow reached its lowest level of the 20th century
and did not return to pre-1929 levels until November 1954.[8][9]
Meg
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
As long as you can read and write, and move and see, you can learn.
You need to learn so you will be able to survive and make sense of this world.
I want to be able to say something optimistic, but I can't.
I think it's time to sell off and cash in all profits. asap
If you go to www.google.com/finance, and search the S&P200, do a technical KDJ analysis, it showed on the J, on friday about 1pm, that the
A ords is oversold. it was above the 80. It's a sign to sell and not buy. Just
one of many signs.
(google finance is a great free tool for using technical analysis. Learn by doing there, but go via internet explorer. Mozilla somehow doesn't allow you to do the technical analysis, neither does Yahoo finance. )
I think the Global economy is in serious trouble.
I hope I'm wrong, I really hope so
The A ords closed at 4875 on Friday 28.1.11 with a drop of 34 points, all
markets dropped.(the asx S&P200 dropped too. its about 100 points less.
I don't think you can dismiss these drops as a correction after 8 weeks of aus
rises. I don't think you can blame the riots in Egypt, or the closure of
more banks in the USA this week.
My thoughts are it is a reflection of pessimism and the revelations that
arose from the GFC this week that the regulators and
top management do not actually know what caused the GFC or how to fix, or
even how to avoid it in future.
google recent GFC investigations 24.1.2011
http://www.nytimes.com/2011/01/28/business/economy/28inquiry.html
and see 1929 data below.
US market in Review: World market Crashed due to the Political unrest in
Egypt
29 January 2011 ref
http://galaxystocks.com/4595/sector-summary/us-market-in-review-world-market-crashed-due-to-the-political-unrest-in-egypt/
S&P 500 had it's biggest decline in the history of since August, US economy
faced the challenging among the trade due to the political uncertainty in
Egypt and huge fell of Ford motor and Amazon shares.
Three major NASDAQ, S&P 500 and Dow Jones indices were attempted to stable
the market but failed to perform well and lost the investor confidence
because investor are looking for safety for their investment. Even no single
indices were closed above the trend line during last session of trade.
Dow Jones Industrial Average declined -1.39% or -166.13 points to 11,823.70
however it exhibited a positive quarterly performance of +248.16 points or
2.14% which continued to remain up for half year with +1325.82 points or
12.63% and YTD performance firmed at +246.19 points or 2.13%.
S&P 500 INDEX, RTH declined -1.79% or -23.20 points to 1,276.34 however it
exhibited a positive quarterly performance of +17.83 points or 1.42% which
continued to remain up for half year with +170.21 points or 15.39% and YTD
performance firmed at +18.7 points or 1.49%.
NASDAQ Composite declined -2.48% or -68.39 points to 2,686.89 however it
exhibited a positive quarterly performance of +179.52 points or 7.16% which
continued to remain up for half year with +422.33points or 18.65% and YTD
performance firmed at +34.02 points or 1.28%.
so what can you do?
Make your own MOPI - MY own personal Indicator.
I/we started trading just before the Global financial crisis (GFC) in August
2007.
The A Ord was at 6830. (you can find the historical figures on the
www.asx.com.au)
I think of the scale like stairs, 1 - 9 NINE BEING the top without a
landing. step 5 is good, steps 6 - 7 excellent. 8-9 it may be about to
burst. But steps 3-4 require more research and much caution.
In 2007 we were going up fast toward a bust, it was rising too sharply and
too high.
In January 2008 there were huge unexpected problems in the USA, and in July
2009 it fell to 3111.
It has been up and down since. Halfway between both extremes is my midpoint.
You may not agree with this time frame so make your own YOPI - (Your own
personal indicator.. (MOPI =My Own personal Indicator.)
To calculate your own YOPI take the period you think is a good reflection of
the global market then the record the highest daily result less the lowest.
divide by 2 and add the result to the lowest. Note the historical figures
will change so you need to re do your YOPI every 3-6 months.
My Mopi.
Since 1.07.2007 The highest UPPER was 6853. The LOWEST 3111. 1871 on top of
the lowest of 3111= 4982
Right now it is BELOW at 4800 .
IT'S NOT ABOVE MY MID POINT. THE MARKET is still shaky.
My current MOPI is 4970. That is my worry line. That's a Decision time.
I take in all the indications on the chart and finally look at the market
points, and deduct my MOPI. If the result is above my 4962 points, I'm
happy. Right now its not.
Here's some sobering thoughts . ref
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
" Anyone who bought stocks in mid-1929 and held onto them saw most of his or
her adult life pass by before getting back to even. "
-Richard M. Salsman[3]
The Roaring Twenties, the decade that led up to the Crash,[4] was a time of
wealth and excess. Despite caution of the dangers of speculation, many
believed that the market could sustain high price levels. Shortly before the
crash, economist Irving Fisher famously proclaimed, "Stock prices have
reached what looks like a permanently high plateau."[5] However, the
optimism and financial gains of the great bull market were shattered on
"Black Tuesday", October 29, 1929, when share prices on the New York Stock
Exchange (NYSE) collapsed. Stock prices plummeted on that day, and continued
to fall at an unprecedented rate for a full month.[6]
The October 1929 crash came during a period of declining real estate values
in the United States (which peaked in 1925)[citation needed] near the
beginning of a chain of events that led to the Great Depression, a period of
economic decline in the industrialized nations.
The October 1929 crash came during a period of declining real estate values
in the United States (which peaked in 1925)[citation needed] near the
beginning of a chain of events that led to the Great Depression, a period of
economic decline in the industrialized nations.
In the days leading up to "Black Thursday" (called "Black Friday" in Europe
due to the time difference) and "Black Tuesday" the following week, the
market was severely unstable. Periods of selling and high volumes of trading
were interspersed with brief periods of rising prices and recovery.
Economist and author Jude Wanniski later correlated these swings with the
prospects for passage of the Smoot-Hawley Tariff Act, which was then being
debated in Congress.[7] After the crash, the Dow Jones Industrial Average
(DJIA) partially recovered in November-December 1929 and early 1930, only to
reverse and crash again, reaching a low point of the great bear market in
1932. On July 8, 1932, the Dow reached its lowest level of the 20th century
and did not return to pre-1929 levels until November 1954.[8][9]
Meg
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
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