Archive through March 06, 2008

Chart Forum » Traders Groups » Yahoo traders and investors » Archive through March 06, 2008

«« « Previous Next » »»

Author

Message

chingas

Member

Post Number: 653
Registered: 06-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 07:42 pm:

G'day moon, you picked this mess quite a while ago, well done mate, smart move getting out when you did

moonfleet101

Member

Post Number: 526
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 08:11 pm:

Yes Chris. Credit/Bank problems always leads to what we have now. As soon as banks stop lending money, whether to people or more importantly, business, it spells big, big trouble. Money lending is what an economy relies on. That's why Ben has said things will get worse (which we all know anyway) because he knows the banks aren't going to lend their money because they'll need it for themselves and their writedowns. I'm hoping that in the next couple of months that all the writedowns will be out of the way and then we'll know where all the banks stand. It's going to take a while to get back where we were. People keep saying that the Chinese will keep everything going but even they're having problems with a slowdown. There's only one daddy in this world and that's the good old US of A. lolol. They suffer and we all suffer!

jax

Member

Post Number: 1569
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 09:14 pm:

dont worry about phil chris not worth it one bad trade they jump all over us yet how many times has phil told us what to trade.lol unless the message comes from our crew i dont give a toss .besides how many people would love to say they got mq at 52 a lot more are worse off. if they fall tmr i buy more the avg will come under 50 then if i make a profit this week phil will not say a word .now thats a safe bet.

jax

Member

Post Number: 1570
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 09:16 pm:

if we all came on and said we got it right everytime it would be a room full of crazys lol and you no what he s like.

aussiebuggaa

Member

Post Number: 600
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 09:36 pm:

Hey Chris, I reckon if you’re going to stick around for the LONG run then you should be OK! But if you cannot hold on for more than 1-2 years then you might be in deep shit soon. – Just my thought though.

Re-BNB here is a graph for ya below. You can either buy at the $15 - sub $16 levels (if you feel itchy and aggressive – counter trend) or you wait to pick it up at the around $10 (pretty far off but possible).... I see empty air between these two levels unless you can call that one bad week in '05 a little support which might be insignificance in the big picture.

Btw, look at the damn thing consolidating right now (check daily chart?), just watch for price action. If there is huge selling but price doesn’t get below $15 then you can pretty much buy it when you see sign of people bidding up the price since once all the selling is absorbed, it will bounce. - Good risk : reward, but risky trade (low percentage as counter trend) - stop goes below $15.

aussiebuggaa

Member

Post Number: 601
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 09:42 pm:

MQG at $50 is awesome price Jax. Just hope it don't go below $45 cause it might spill some blood down to $40 under that.

moonfleet101

Member

Post Number: 527
Registered: 07-2007

Rating: N/A
Votes: 0


Wednesday, March 05, 2008 - 11:18 pm:

He, he, he. I have to laugh. Been reading about some of the reports out today and not one, yes not one, is expected to show anything but bad, albeit some not so bad as the last reports. Still all points to a bad economy but the Dow is expected to rally on the back of that and the futures being up. lololol. Right, buy everything you can get your hands on. lol. Yeah, pull the other one. lololol

71 points up already today Aussie. Been buying on the dips today. Have 2 FTSE longs left so bring on that Dow rally to drag up the FTSE and I'm out. lolol

moonfleet101

Member

Post Number: 528
Registered: 07-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 02:05 am:

He,he,he. Good old US. lolol

chingas

Member

Post Number: 654
Registered: 06-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 09:58 am:

Iron ore revision sends Brockman shares skyward
March 5, 2008 - 6:15PM

Shares in iron ore explorer Brockman Resources skyrocketed on news it has increased the resource estimate for its wholly owned Marillana project in Western Australia's Pilbara almost tenfold to 1.1 billion tonnes of iron ore.

The company's shares closed at $1.87 or 165.49% higher at $3.00 after hitting $3.21 in intraday trade.

The resource is compliant with Australia's mineral reporting standard, JORC, and comprises channel iron deposits with grades ranging from 55% to 60% iron as well as detrital ore with grades ranging from 40% to 62% iron.

Managing director Wayne Richards said the resource inventory was based on three deposits within the project area, 100 kilometres north of Newman.

The initial indicated resource announced last year, based on one deposit, was 43.5 million tonnes grading 57.6% iron.

Mr Richards said the upgraded resource significantly exceeded the company's previously announced target to confirm a mineralisation potential of at least 100 million tonnes.

``This gives us great confidence that Marillana has the potential to develop as a world-class iron ore project capable of producing ore as a direct shippable ore (DSO) product with an average grade of over 59% iron,'' he said.

A scoping study is underway for a potential 10 million tonne per annum DSO operation.

The Marillana project is near BHP Billiton's Yandi mine and Rio Tinto Ltd's Yandicoogina mine. On the other side of the Fortescue Rive lies Fortescue Metals Group's Cloudbreak project.

DJ Carmichael resource analyst James Wilson said the market had been ``blown away'' by the resource upgrade, not realising Brockman was sitting on such a large, JORC-compliant resource.

``Out of one billion tonnes, 499 million tonnes is DSO product ... so its a big deal,'' he said.

Mr Wilson said getting transport costs right would be the key to the Marillana project's success.

He said Mr Richards had previously held roles with BHP Billiton and at Andrew Forrest's former vehicle Anaconda Nickel.

``He's very advanced in negotiating offtake, I believe,'' Mr Wilson said.

``My worry with the detritals, if it's said to be upgradeable to 59% iron, is how much silica and how much alumina (contamination) is in that?

``High levels of contaminants would be hard to get rid of.

``But if it has low levels of contaminants, it's game on and it (the share price) will rocket once people recognise the fundamental value in the detritals.''

Industry observers expect iron ore prices to rise another 30% next year on top of the 70% increase expected this year

*******************************************************

But then this :

Digging around in the Pilbara dirt

March 6, 2008

The iron ore resource unveiled by Brockman is not as good as the big bald figure suggests.

WHEN it comes to iron ore resources, sometimes it pays to read the fine print.

Brockman Resources shares nearly tripled yesterday after it revealed a 1.1 billion tonne Pilbara hematite resource, closing $1.87 higher at $3.

But all is not necessarily what it seems.

The headline number made it look like the greatest thing since Fortescue Metals, but in terms of direct-shipping ore it contained only 56.2 million tonnes at an average grade of 57.5 per cent.

Of the remaining 1 billion tonnes, Brockman said only 499 million tonnes would actually be recoverable through beneficiation.

The beneficiation feed is at a grade of just 44.2 per cent iron - the type of resource BHP Billiton, Rio Tinto and Fortescue would have in abundance but never bothered to mention.

The feed is extremely high in silica. The beneficiation feed contains an average of 25 per cent silica. As an example, Fortescue's Cloud Break and Christmas Creek deposits contain just 5.5 per cent silica.

Brockman says it will take simple gravity separation - and no expensive crushing or grinding - to get the silica down to acceptable levels, since it mostly occurs in gravel-like rocks which are mixed in with the iron ore.

But there is still an issue of transport.

Brockman said it hoped to initially ship 2 million tonnes a year, and later ramp up to 10 million tonnes annually.

Plans to secure third-party railway access from BHP appear awfully optimistic, and it hasn't yet started talking to Fortescue.

****************************************************

Not real sure what to make of the second one, other than i will be getting out fairly quick i think

jax

Member

Post Number: 1571
Registered: 07-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 09:58 am:

looks up today .thats ok but we need it tmr as well ets hope boys .

chingas

Member

Post Number: 655
Registered: 06-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 10:05 am:

i'm out, $2.90

stocky

Member

Post Number: 212
Registered: 10-2003

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 10:39 am:

damn.. i had my exit interview this morning for work and missed the open..

jax

Member

Post Number: 1572
Registered: 07-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 10:52 am:

its no longer sir jax ,its the moon and k man show well done boys moon for his read on the markets over a good couple of months and the k man steal lol.

krael

Member

Post Number: 107
Registered: 07-2007

Rating: N/A
Votes: 0


Thursday, March 06, 2008 - 11:18 am:

I,m a one hit wonder. Back in at 2.70. Doh!!!.

Think I'll be able to break even some time today.

riskpirate