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     tryhay
Member
Username: tryhay
Post Number: 1021
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 09:45 am: |  
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Integra Mining Ltd has only appeared in passing on this site (Dug et al) and is getting to the stage where it deserves its own thread. IGR is into Gold, nickel-copper sulphides, and uranium exploration (want to be).
Ramp:
Integra Mining Ltd controls a large 2,000 square kilometre tenure position in a highly prospective and under-explored region east of the world-class Kalgoorlie mining district in Western Australia.
The Company also holds interests in several projects located within two South Australian minerals provinces highly prospective for IOCG, nickel sulphide and PGE mineralisation etc. If you must know more then visit: <http://www.integramining.com.au/>
Boring details:
* Market Capitalisation 229,802,143
* 52 Week Low 0.1350 ~ 52 Week High 0.6450 (Still has momentum behind it
* First Listed: 16 Aug 2001
* Four recent price sensitive company announcements: http://asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=igr Chart:
Chart: Grinding towards all time high like Thomas with indicators looking +ve ~ can it break through this time? Computer says yes
Happy trading DYOR
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dug
Member
Username: dug
Post Number: 3052
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 03:42 pm: |
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My interest in Integra is based on the integrity shown by it's Sophisticated Investors.
End of November 70 mil# of shares were placed at 45 cents.Subsequently IGR was NOT sold down to 45cents in any great numbers nor if it hit 45 did it stay there very long.
I deduce that the Sophisticated Investors were happy to hold this share for the Long Term,waiting Developments,backing IGR Management.
So I'm taking this chart action post placement,tryhay as a "Reassurance" that IGR is Fundamentally Sound.Big BUCK$ stick with it and Big Buck$ know more about these things than me a humble pilgrim.
Now tryhay,I've run my eye blinking at some charts of Explorers who have turned Producers.I'm thinking that the rise is predominately to the "TurnOver" ie the point in time when Production first commences.Production is hellishly Expensive and often it is financed by Placements.Large Placements that can even DOUBLE the Shares on Issue.
When this Doubling occurs it affects Market Capitalisation.
One can have a future IGR Market Cap of say $600mil [against todays say $300 mil] BUT this Doubling the Market Cap does NOT lead to Double the Share Price because there's been a Double of the Shares on Issue.
Do ya follow?Knowing your approach to Murky Market Maths,tryhay I bet your eyes are Glazing!!
Equation- Market Capitalisation = Shares Issued x Price
so 2[twice] Market Cap= 2xShares on Issue by the SAME Price nix Doubled Price just by Double Shares on Issue!!
Anyway,that's perhaps why a chart of SBM is not leaping ahead percentage gain wise now SBM is a producer.
cheers.
Even 'til Jaded.
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 1023
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 05:09 pm: |
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Scout's honour my eyes did not glaze over once dug, & yes I follow the hypothesis that production does not necessarily lead to mega $. My guess is that the SPP in November will keep IGR chugging along quite well, and the upside to share price will come from drilling results etc. which is likely to attract more of them institutions...
Daily chart: Pretty respectable support line here and I am impressed with the chart (MACD just deciding whether to bullish cross or just titalate) and as long as the market/s dont tank (neckline fake out on the DOW & resistance on the SPX) this week then I expect a breakout to blue sky (and you know what that means? ~ top up time....
Just noticed an ASX announcement of someone Becoming a substantial holder ~ coulod explain the +ve looking chart (if you believe in such things)
(Message edited by tryhay on April 22, 2008)
Happy trading DYOR
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dug
Member
Username: dug
Post Number: 3053
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 06:17 pm: |
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Scouts are Louts and Cubs are Grubs
that's what I used to yell on a Saturday Afternoon as I [and me gang] started to try a Rock Slide on my local Scouts Den[it was in a old quarry,St John's Wood for any Brisso "True Livers"}
It was a Catholics vs d'Rest sorta thing,tryhay.Scouts 'n'Cubs weren't for Micks.That Baden Powell bloke was reaaaaal Dubious,according to d'Pope!!!
Anyhow a Producer has a Billion $ Market Cap BASE so there's still lots of Do$h % wise for a Speculator to GO4.
cheers.
Even 'til Jaded.
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 1024
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 07:29 pm: |
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dug wrote on Tuesday, April 22, 2008 - 06:17 pm:Scouts are Louts and Cubs are Grubs
That kind of tribalism makes out society the "great" thing it is (but you got to fill in saturday afternoons somehow) we used to go down to Tarban Creek (sydney): fishing, climbing trees, and sorting through the tip/s (catholic church owned most of the bordering land & allowed select few to dump + dumped their own non putresible waste).
Didn't stop my supporting cubs (son lost interest when scouts came around).
Dug you notice significant drop in volume generally today? (I understand on a down day it is good to have low volume, but several shares I follow/own were quite low(much less than 1/2 average volume) ~ BMX, KSX, ACS, HEG, KAL to name a few.
I see ANZ reports tomorrow (will be interesting I'm sure) and the interest rate is released as well. I guess if our fed bank don't act to bail out troubled banks then our market may be challenged tomorrow as well (though we seem to nstick to DOW like glue).
later..
Happy trading DYOR
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stoian
Member
Username: stoian
Post Number: 341
Registered: 03-2004Rating: N/A
Votes: 0
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| | Tuesday, April 22, 2008 - 11:39 pm: |
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Would you buy it anyway, at a MAXIMUM ?
Regards,
Doru Stoian
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dug
Member
Username: dug
Post Number: 3054
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Wednesday, April 23, 2008 - 09:28 am: |
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stoian wrote on Tuesday, April 22, 2008 - 11:39 pm:Would you buy it anyway, at a MAXIMUM
On the Basis that a Trend continues in the same way as the weather today is likely/probable to be the weather tomorrow,that's why I'm looking/considering buying All Time Highs for preference.
There's no Resistance to Overcome.
There's not mobs of bored,had enough pilgrims waiting for the price to get them back even.
And the only way to Hold a share that say quadruples in Price is to Ride d'All Time Highs.
Now some may think that If they didn't buy at 20 cents they've "missed d'Boat".Some may also think that they'd BUY if IGR retraced from here to say 40cents BUT you didn't do d'former so Get Over It and a Retrace to 40 cents would be buying a Catastrophe that would get current Holders all cranky and peeved so ya wouldn't want to be in it.
So you ponder on whether this'll do a Buck$ thus getting you 66.6%ish stoian.
do ya follow?
cheers.
Even 'til Jaded.
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 1026
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, April 23, 2008 - 01:19 pm: |
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Hi stoian,
Thanks for your post, I tend to agree with dug, The way I see it the indicators are still strong and it is worth keeping with it untill the momentum drops off.
Am short on time today
later
Happy trading DYOR
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dug
Member
Username: dug
Post Number: 3055
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Wednesday, April 23, 2008 - 01:59 pm: |
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The substantial notice was interesting,tryhay in that
1]It wasn't based on getting any of the November Placement.
2]It seems to have been at an Average Cost of above 45 cents[the placement price]
3]It was ALL Buying.Often this mob buys'n'sells accumulating often by Algae/Algorithmic Trading.
4]The Announce has them just over 5%,5.075ish from Memory.This means that a sale of .075% requires a notice.Also any 1% increase requires further notices.
5]I'm assuming Morgans will be buying more[it is Morgan's aint it?memory could be wrong]
All in all,it does "explain" the Chart Pattern since November,this Substantial Accumulation but Is it over?Will others be Heartened by this BigBoy wading in?Just because we hit ATH today,are we really there yet?
I figure tryhay we just got Psychological Resistance to $1 being topped.Slightest bit of Positive News re JORC standard deposits,say.Bleeding Bonanza Strike CONFIRMED and maybe even psycho resist could Shatter!!
yeah,I'm full on about SHATTERERS.
Lucky I can spell,hey?!
cheers.
Even 'til Jaded.
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 1029
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Thursday, April 24, 2008 - 09:38 am: |
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dug wrote on Wednesday, April 23, 2008 - 09:28 am:stoian wrote on Tuesday, April 22, 2008 - 11:39 pm:
Would you buy it anyway, at a MAXIMUM
I understand your hesitancy to buy into a stock that has been above the mean for so long stoian, but the estimate you posted above shows an expectation of increasing price action (blue band rising), and the daily/weekly indicators suggest continued rising price action IMO.
dug wrote on Wednesday, April 23, 2008 - 09:28 am:There's no Resistance to Overcome.
Dug's comment has a lot going for it, and if the market/s can behave (ie PPT, BB & the reserve [FED/s] banks continue to pull out all stops) then NNE action is likely til the market crowd reassess current events.
Daily Chart supports this prognosis with a probable breakout of resistance apparent (not to mention +ve MACD cross):
Perhaps $1 is the mid term target dug, but some resistance upcoming at ~ 81c (if it slices through 71c easily) IMO
Happy trading DYOR
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dug
Member
Username: dug
Post Number: 3056
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Thursday, April 24, 2008 - 09:50 am: |
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tryhay wrote on Thursday, April 24, 2008 - 09:38 am:but some resistance upcoming at ~ 81c (if it slices through 71c easily) IMO
Don't tell me,WHY? let me guess.
Ummmm Petals on Flowers,Rings on PineApples,
d'BIG FIB,that's why hey,try pilgrim?
Even 'til Jaded.
Dig for the sake of it.
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dug
Member
Username: dug
Post Number: 3057
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Thursday, April 24, 2008 - 10:49 am: |
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Better get any Fibionnacci Debunking over before Stoian logs on and goes all "weird" about Masons,Devil Worship and the Gaustian way of reading Mean Statistics or whatever.
Anyhow,tryhay are you one of them One World,Harmony Hippie Types that "believes" in Fibionnacci's "discovery" of the Maths of Nature ie Vegetables?You are,hey?
well,how about the PROOF of Fibionnacci was made by Observation.His sequence was Proved to be so because every observed ocassion in Nature confirmed his sequence,right?
Now if a single or say a group of Vegetables/Fruit did NOT conform to his sequence,Fibbio would have been "disproved",unconfirmed.
So just because Fibbionnacci works 100% in the study of Vegetables etc,one has to find similar proof of 100% if you're trying to apply/transfer it to the Chaos that is the ShareMarket.
It doesn't transfer 100% so it is not much good,fairly useless,academic perhaps.
That's why I contend that Fibionnacci is Vegie Maths when used in the Study of Shares.
The ONLY thing going for it is that a whole lot of pilgrims believe in it.Chart Guru Types preach it's benefits just so that the poor pilgrims to Mammon have some Mysticism to carry them thru the Travails of Grubby Money Making from Chaos!!
I reckon anyway!!
Even 'til Jaded.
Dig for the sake of it.
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tryhay
Member
Username: tryhay
Post Number: 1031
Registered: 09-2005
Rating: N/A
Votes: 0
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