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About sigmadelta

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    Melbourne, Australia
  1. They have been already sold down - only the stronger holders are left.
  2. Haven't been there since I was a nipper in the 70's, but it was beautiful. I remember Pulau Penang was very busy. Great zoo!
  3. Fantastic, Dr B - you are in for a treat. I love KL. Because: - cheap computer equipment in Bukit Bintang (but no 'cheap' software any more ) - great food. Try the Jalan Alor market just alongside Jalan Bukit Bintang. Amazing selection, all quality. - Jalan Sultan in Chinatown, more great food if you like dai pai dong style (applies to the above) - Petronas towers for cheap clothes, books etc. I reckon it should a bit cheaper than Honkers. Have fun!
  4. An emerging pattern in uk local transport?
  5. An interesting story from Papua New Guinea (PNG). Locals have closed the Kokoda Trail (famous walk with a military history relevant to Australians) so that they can ENCOURAGE gold/copper mining nearby. http://www.theage.com.au/news/national/aus...2233951266.html
  6. International rollout - not even a trial using one country as a test market? Sorry, I cannot take this seriously, because that is not how you run a business.
  7. On first glance it looks dodgy, but a US patent search on Melchior has 11 patents issued since 1984 with him as inventor. About 90% less than the 110 claimed. These can't be maintained without significant funding, suggesting that funding is already present. But I think the group's short term is not clear. What do they want to raise money for, specifically?
  8. The thing that I don't get with EW is that it claims to be a formal system but never seems to say 'X is going to happen'. It seems to be rather 'X is going to happen or Y is going to happen' when X and Y are opposites. But it's worse than than because the above ambiguity may be the subject of only one interpretation of the data, where there may be several. Is this not the case?
  9. Managed to get hold of one December last year. Friedland doesn't come out of it smelling completely of roses. lol
  10. sigmadelta

    Super high grade gold results

    Indeed. Not quite as good as Aurelian but pretty damn good. It seems to have not been publicised much outside Oz. One interesting bit is when Joe says in the interview (I think he's serious) that the people from JORC are looking at creating a new grade on their scale, so that this fits into it. I don't think it's just a nugget effect either. There is a consistency to the drill holes. I traded in and out of these this year to some effect, and got back in today for the longer term. They closed not at 60% up - that was achieved only in early trading when they came out of suspension. Or on the other hand, maybe the acquittal of John Felderhof (Bre-X) has emboldened a few hucksters of the mining industry. The unknown here is the size of the deposit. The grades are clearly excellent, and they claim it is open at depth. They need to get on and define a minimum resource, then the market can put a sensible value on it. The market seems to think these guys are for real - anyone else got any thoughts?
  11. Investec (ie Blackfish, I think) now have a 43M shares (15.95%) in Latitude Resources. Latitude plans to sell all its exploration targets (subject to shareholder approval) and become a pure investment vehicle. At which point it will be trading at a significant discount to NAV. This is an unusual situation - a hedge fund getting involved in a microcap. But there is a twist: the hedge management and the microcap management are the same person. I'm a bit confused about the possibilities of this, but the discount, added profile and liquidity is good enough for me. Possibly a prelude to making latitude into a cash shell which to perform reverse takeovers with, or something like that? Or a cynical move as a prelude to stripping latitude of its assets?
  12. Guardian article here. Link to audio here.
  13. Heads up - something seems to be happening.