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Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

A good combination....

Reply
barry_1
Super Contributor
...in my opinion only,looks as if it will go through,i'm buying more as funds become available,as i want to be in at the start of GOLD ONE INTERNATIONAL....The AFO price has increased by 20% over the last couple of days.
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19 REPLIES 19
masterblaster
Contributor
you are right buddy. this share ready to go.will also make an announcement about mining at sub nigel soon. modder east going to produce at very low cost. will start mining there at end of the year.been holding on to this one for a long time.
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aaronbennett
Contributor
sorry, this is a beginners question, but what would happen if i bought the AFO share and Gold One is formed?? what happens to my shares then??
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masterblaster
Contributor
will be transfered into new company 1 for 1. your stock broker will sought everything out for you
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aaronbennett
Contributor
ummmmm hahahaha what if i dont have a broker? Im kinda trading shares online solo...
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SKALA
Super Contributor
The fact that Froneman (ex UUU) is closely involved with this venture, is enough to keep me away. I do not trust the bugger.
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masterblaster
Contributor
aaron....100% sure on the day of swop you will have same amount gold one as aflease but please phone standard bank online to double check
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Not applicable
Simon could you please assist with regards to the AFO restructuring? Is there some soft of guidance or something which would help us make an informed decision (ie whether to hold and convert the share or sell)
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SimonPB
Valued Contributor
we don't give guidance or advice ..
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Brazen
Super Contributor
ooohhhh boy . .. that is so tempting. . . but my new year's resolution is to be a nicer person, kind and gentle to those less fortunate (bankers).
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Not applicable
lol thanks for the help
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NJ_1
Frequent Contributor
Aaron, Standard Bank OST is your broker. The online share trading platform that we are using here is simply the method by which we give the broker buy and sell instructions. It is Standard Bank OST that is placing your orders and offers on the JSE.
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SimonPB
Valued Contributor
hey brazen (pretending to be nice .. lol) .. I be in knysna 19-22 March .. we do dinner ? yes ?
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Brazen
Super Contributor
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masterblaster
Contributor
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barry_1
Super Contributor
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Not applicable
Went over some of the fundamentals here - a real whose who of SA's most notorious mining executives. 1) Isak Marias of Sallies fame which sank as a result of operations management misstating the productions costs- resulting in goods being sold undervalue and at a loss! 2) Neal Froneman of Uranium One fame - if memory serves, the whole debacle around massive investments (sorry! Losses) based on a grossly inaccurate competent persons report on the quality the yield of the mine in question. yep, I am in - this is a surefire winner!
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barry_1
Super Contributor
right at the start of the so called URANIUM boom,i had my doubts that a such an enterprise could be viable,and said so many times in this forum....the reason was that most gold mines can produce uranium and Anglo gold then supplied most of the uranium needed and there was really not a demand for specialist mines....u never know they might re-absorb the uranium section again as there is a lot of gold tied up there....then ther4 is the recession also adding to the woes of mines....i don't condone whats happened in the past,how ever i'm prepared to ride this share up till it falters for some real reason.only my opinion.
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Not applicable
i will say that any share that climbs what 50% in 3 days is worth putting into a TA watchlist. The volumes worry me though
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masterblaster
Contributor
yes, about volumes. 82 000 000 were bought yesterday. wonder if these are the trinity shares
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