PANIC
by
THERIZZLER
on
22 Nov 2013 13:37
Price at rating: 159.75, now:
22nd November 2013r Today (2013-11-22 12:53:28)Print this Articler Evil discusses Green Dragon Gas, Petro Matad, Strategic Minerals,Black Mountain Resources, Clear Leisure and US bonds...r r Markets: Plus £50,000r Sports: Plus £20,000r Thought for the day: Online nirvanar r The Green Dragon (GDG) appeal against the Conoco judgement is due to be considered in Singapore and completed within the next few days. I am told that Green Dragon has no chance of succeeding and that a demand for payment to Conoco will be virtually impossible to meet. Noting Green Dragon's decline I sold again at 280p. I expect to make a useful profit ere long.r r A correspondent urged me to revisit Petro Matad (MATD). So I bought 120,000 even though the pal who put me in on the original gravy train (whereby I made £500,000 or so) advised that although it is not a short it is not a long. I also touched base with a former director who remarked that drilling has not been arranged for a long time now. However, it is possible that they will be able to raise some readies by a disposal or two and/or a JV. In which event 3.5p will look very cheap.r r I also bought Strategic Minerals (SML) since Optiva urged me to do so. I paid 1.13p or so. There wasn't much stock about.r r After talking to my old mucker Peter Landau about ,Black Mountain Resources ive been encouraged to start buying ahead of a updated resource announcement which will be a company maker.r r r Noting that Clear Leisure (CLP) have received a bid for their Mediapolis business which could lead to an improvement of 3p per share tnav (cash only) or 7.15p (cash and paper), I paid 3p. I would have thought 5p+ as a current valuation closer the mark.r r Incidentally, I bought Clear Leisure and Petro Matad through my new online account at TD Waterhouse. Operating this account has caused me to swear absurdly. But I am getting the hang of it where it is undeniably much cheaper. Agency brokers constantly remind me that it is their contacts with the market that enable better prices. I am not in a position to check this assertion and it is hard to see how the TD Waterhouse computer sniffs out lines of loose stock. Further, shorts are impossible. But, so far, I'm loving it: after all, computers cannot talk back pure crap.r r Finally, there is copious evidence of lunatic purchasing of bonds in the United States. This is not bullish.