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Online Share Trading

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boring share of note

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Regular Contributor
This one has not followed the market up in months drifts between 258 and 262 any other owners of this share around whats your strategy hold or dump??????
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13 REPLIES 13
Super Contributor
Maddag - Results out tomorrow. It will move tomorrow, guaranteed.RSI and MACD not looking too great right now, but who knows. The move could be up. Good time for a punt with a tight stoploss today for low a risk trade tomorrow. Tangible net asset value on this one 500c - impressive, but dept levels like most small miners out there is a problem.omo
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Valued Contributor
guaranteed .. is that because youu have a crystal ball or ???
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Super Contributor
Or if you flip that around and to kind of paraphrase Anton Rupert, and state that you have balls made of a stuff as hard as crystal...you get the drift.
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Super Contributor
Have you ever seen a junior miner share with 0% movement after results are published? No crystal needed for that. Just look at SNU chart and plot results dates and see what happened on day of publish and days after publish. Definitely more movement that usual - spec short term punt I'm looking for, nothing major.
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Regular Contributor
results out and do not look too bad for a small mining share lets see what happens today and monday.........man i could do with some positive momement on this share
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Super Contributor
Results look good. Definate turnaround. Profit up 115%, debt levels down considerably. Tangible NAV 435. Share beginning to look cheap.
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Super Contributor
- No div. announcement - how much longer before resumption ?
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Super Contributor
Well, it's moving, just in the wrong direction.
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Super Contributor
The chart shows a rounding top (or inverse basin)has developed over the last couple of months.This is bearish.
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Not applicable
The results are pretty good, I will say - and there is still the prospect of an R88m cash injection, assuming the former director being sued has not blown it all on booze & wimmin. The real value in SNU lies in their coal mining assets - which have been factored into their NAV, I think. And this is the part that I am not too keen on, because I have long ago learnt not to trust early stage mines - because of the inevitable capital injections that will be required.
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Regular Contributor
249 today will see how things develop if no recovery this week i will dump the dog
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Super Contributor
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Super Contributor
I see they got the court ruling on the 88RM; but big sellers today. Took a small position last week, maybe add more.
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