283 replies to this topic

[Trader1]

And now we wait.... Really hope that management doesn't mess us around

[Griffin]

Hi Griffin

I see, I did the same but used the higher earnings of 2.34c mutiplied by the shares in issue. Got a slightly higher but similar answer. All in all it looks good as profits can only generate more profits, now that infrastructure is in place. GL to you too and for any ACP that you may be holding

 

Hi Trader1. The DBSA loan including interest was a R27 million write-off. So tomorrows SENS will be very interesting. The best kind of equity investing is done by forgetting about it. Once MRI can confirm their profit and guidance going forward thats what I plan to do. GL

[Trader1]

I'm looking to add another 400000 but not at 10cps I've shifted my bid up to 8c though to create some support

Great, at least it makes the support look better. I hope you get your shares at 8c before tomorrow. Don't want to get egg, but I'm guessing a a high of 11.68/12cps if you annualise the basic earnings of 2.34cps and then add it to the previous price of 7cps.

[yusufm]

So who wants to make a trade of R10K for 100000 shares to bridge the gap and get the ball rolling

I'm looking to add another 400000 but not at 10cps I've shifted my bid up to 8c though to create some support

Edited by yusufm1, 27 November 2014 - 03:57 PM.

[Trader1]

So who wants to make a trade of R10K for 100000 shares to bridge the gap and get the ball rolling 

[Trader1]

Hi Trader1

 

A couple of us in the UK are trying to work out with the DBSA loan amount of R10 million written off what the actuall profits are from coal sales are multiplied by the MRI shares issued. The rough calculation throws out an amount of R8 million for 6 months coal sales only if the loan amount from DBSA is R10 million. We'll find out on the 28th. GL

Hi Griffin

I see, I did the same but used the higher earnings of 2.34c mutiplied by the shares in issue. Got a slightly higher but similar answer. All in all it looks good as profits can only generate more profits, now that infrastructure is in place. GL to you too and for any ACP that you may be holding

Edited by Trader1, 27 November 2014 - 12:34 AM.

[Griffin]

Hi Trader1

 

A couple of us in the UK are trying to work out with the DBSA loan amount of R10 million written off what the actuall profits are from coal sales are multiplied by the MRI shares issued. The rough calculation throws out an amount of R8 million for 6 months coal sales only if the loan amount from DBSA is R10 million. We'll find out on the 28th. GL

[yusufm]

Hope you got in at 7c, 8c is still good. What's your new TP @yusufm1? I have 20c for 2015.

My breakeven is 8c. But I bought a few months ago already.
No TP in mind as yet. I'll just be watching from the sidelines for a while...

[Trader1]

Article from Reuters:

http://www.reuters.c...article/3112959

 

 

[Trader1]

Yip, just waiting for the SP to get moving now

Hope you got in at 7c, 8c is still good. What's your new TP @yusufm1? I have 20c for 2015.

[yusufm]

MRI posts Profits!

Yip, just waiting for the SP to get moving now

[Trader1]

MRI posts Profits!

[yusufm]

Based on what I can see, the result for the year end Feb 2014 was not audited. It was just a review that was disclosed to the public, therefore, the audited result is still outstanding. Hope this helps

Ah I see, thanks

[Trader1]

Based on what I can see, the result for the year end Feb 2014 was not audited. It was just a review that was disclosed to the public, therefore, the audited result is still outstanding. Hope this helps

Thanks for that PickApprentice 

Edited by Trader1, 10 September 2014 - 09:13 PM.

[PickApprentice]

Have they changed their financial year end? Because they have released their full year for the year ended 28 February 2014 already... 

 

Also, the main reason I am buying is because CVN is buying 30% of the company at the equivalent of 10cps. So it was worth a punt in my books, and it has already paid off, though my TP is 10cps

 

Based on what I can see, the result for the year end Feb 2014 was not audited. It was just a review that was disclosed to the public, therefore, the audited result is still outstanding. Hope this helps  

[yusufm]

Confirmed risk of trade suspension plus no hard figures of cash. High risk and low liquidity.

 

"the JSE flagged how Mine Restoration had failed to submit its annual report for the year to June within the six-month prescribed period.

As a result it could be suspended or terminated from trading on the exchange if it failed to submit its annual report by September 30, the JSE said."

http://www.iol.co.za...umers-1.1744294

Have they changed their financial year end? Because they have released their full year for the year ended 28 February 2014 already... 

 

Also, the main reason I am buying is because CVN is buying 30% of the company at the equivalent of 10cps. So it was worth a punt in my books, and it has already paid off, though my TP is 10cps

Edited by yusufm1, 10 September 2014 - 03:12 PM.

[Trader1]

Adding at all prices below 10cps. Bought a chunk at 7c and some more at 8c. Freeing up some cash to buy more at 8c...

Confirmed risk of trade suspension plus no hard figures of cash. High risk and low liquidity.

 

"the JSE flagged how Mine Restoration had failed to submit its annual report for the year to June within the six-month prescribed period.

As a result it could be suspended or terminated from trading on the exchange if it failed to submit its annual report by September 30, the JSE said."

http://www.iol.co.za...umers-1.1744294

[yusufm]

The new Wiese-headed CVN is buying a large chunk of MRI at the equivalent of 10cps. I am tempted to take a punt at 7c...

Adding at all prices below 10cps. Bought a chunk at 7c and some more at 8c. Freeing up some cash to buy more at 8c...

[yusufm]

The new Wiese-headed CVN is buying a large chunk of MRI at the equivalent of 10cps. I am tempted to take a punt at 7c...

[Trader1]

Things have gone quiet. Where is everyone? More importantly where are you investing?