Small plays over the next few weeks/months

Another oily on my radar for future consideration, even further down the track than SWE. 1.3c sp @ present.

WHN, even larger resource (2-3b) than SWE. Most drilling looks to be in less than depth of 50m water. 25% Stake (farmed out 75% to Ophir Energy)
 
Whilst I wasn't expecting MRF to sell off as heavily as it did, given the result of the drill and with a number of more drilling results expected over the next few weeks, I'm not overly concerned yet.
 
While I haven't bought it unfortunately, it looks like ELD may have started turning the corner.

imageChart.axd
 
Yeah I picked some ELD shares up at .11 a month or so ago.

I'm quite keen to see how they go over time and you never know they may resemble some of their former glory. I think keeping the debt down in this type of business will be the key to improvement.
 
I'm quite new to stock trading but have been interested for a long time and I was wondering if there are any good web sites I could use for general information like we are currently talking about? or a course that can give me some experience before I learn from more of my own hard lessons.

Presently I use hot copper and have a daily read of the bull, tend to stay away from the motley fool recommendations as they have a tendency to send me in the wrong direction for a lot of research for naught or a loss in funds.

I've been researching into CZI which seems like a buy but with copper going the way it is I'm a little hesitant... any thoughts from others?
 
Just missed out on getting onboard with MRF Friday. One last minute bit of research before dabbling & within less than 10 mins, I'd lost the entry sp I'd decided to enter at. I was so pissed :( would've already been up & in the hunt damn it.

Have decided now to put the cash I now have on topping up with TPT. I'm in a little heavy now anyway so may as well go in harder. No point being a hypocrite @ this stage....
 
Concerning MRF, still can't work out exactly what caused the post drill results drastic drop in sp? I did read that the result presentation was pathetic but still, why the drop?

I'm considering jumping in but not sure now on @ what price.....
 
GOLDPIRATE said:
Concerning MRF, still can't work out exactly what caused the post drill results drastic drop in sp? I did read that the result presentation was pathetic but still, why the drop?

I'm considering jumping in but not sure now on @ what price.....
Click to expand...

Fickle market that don't understand how vein graphite works. The company hit its targets, with good widths for vein graphite. Early days yet for this company ;)
 
GOLDPIRATE said:
Concerning MRF, still can't work out exactly what caused the post drill results drastic drop in sp? I did read that the result presentation was pathetic but still, why the drop?
.
Click to expand...

More sellers than buyers would be my guess.

Perhaps all the people like you that expected the price to jump didn't see the jump happen so they dumped.
 
trew said:
GOLDPIRATE said:
Concerning MRF, still can't work out exactly what caused the post drill results drastic drop in sp? I did read that the result presentation was pathetic but still, why the drop?
.
Click to expand...

More sellers than buyers would be my guess.

Perhaps all the people like you that expected the price to jump didn't see the jump happen so they dumped.
Click to expand...

Maybe, but you can't blame people for wondering when the results just released were positive. I may jump in today yet....
 
Silver Soul said:
Fickle market that don't understand how vein graphite works. The company hit its targets, with good widths for vein graphite. Early days yet for this company ;)
Click to expand...

Thanks for explanation ;)

Yes, company is very young & I didnt realise that as I am only now considering Graphite miners. Been reading though yesterday. I do think this company can go places.
 
GOLDPIRATE said:
Maybe, but you can't blame people for wondering when the results just released were positive. I may jump in today yet....
Click to expand...

The share price doesn't go up because positive results are released - it goes up because positive results cause more people to want to buy.
If the good results were widely expected and a lot of holders have just bought in planning to sell higher on the good results then those potential sellers can outweigh the potential new buyers even if good results are released.


Hence the very old saying: buy the rumour, sell the fact
 
trew said:
GOLDPIRATE said:
Maybe, but you can't blame people for wondering when the results just released were positive. I may jump in today yet....
Click to expand...

The share price doesn't go up because positive results are released - it goes up because positive results cause more people to want to buy.
If the good results were widely expected and a lot of holders have just bought in planning to sell higher on the good results then those potential sellers can outweigh the potential new buyers even if good results are released.


Hence the very old saying: buy the rumour, sell the fact
Click to expand...

Good explanation, thanks!
 
Bit of an update. Still happy enough with for now. MRF is starting to head back in the right direction with further drilling results pending. I expect CXO to start gathering steam soon as well as more drilling results come in.

ALA (+14.3%)

CXO (-16.6%)

RWD (+22.4%)

TPT (+44.4%)

RLE (0%)

MRF (0%)

TON - SOLD @ $0.55 today (ROI 25%)
 
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