InnoPac
Innopac to follow Blumount Trend.. 0.20 soon
Post Reply
1001-1020 of 1302
| Last: |
0.18 |
-0.03-14.29% |
On last volume: |
4'348 |
(15:29:43) |
| Tot. cum. volume: |
18'229 |
(15:29:43) |
On cum. volume: |
- |
|
| Tot. cum. turnover: |
3'382 |
(15:29:43) |
On cum. turnover: |
- |
|
| Bid: |
0.18 |
(15:29:43) |
Bid size: |
27'887 |
|
| Ask: |
0.205 |
(14:48:58) |
Ask size: |
11'500 |
|
| Open: |
0.21 |
(10:04:28) |
|
| Prev. day close: |
0.21 |
(28.03.13) |
Prev. day change: |
+0.02 (+10.53%) |
| Prev. day tot. cum. vol.: |
117'087 |
(28.03.13) |
|
| Year change |
-10.00% |
|
| Prev year close: |
0.2 |
|
|
| Nominal: |
AUD |
| Outstanding shares: |
175'783'427 (07.03.13)
|
Open end:
|
Yes |
|
|
| Hist. volatility 180: |
106.44 % |
| FY (FYE): |
2013 (30.06.2013) |
|
|
Merlin Diamonds (ASX) Price:
0.18 AUD Chg. (in%):
-0.03 AUD (-14.29%) Volume:
4'348Shs:Merlin Diamonds Ltd:
| Symbol: |
MED |
Type: |
Share |
Industry: |
Precious metals/Precious stones |
| Valor: |
20195186 |
Domicile: |
Australia |
Exchange: |
Australian Securities Exchange Ltd |
Just an observation of the recent lows .....
1 Mar 2013 - 192
11 Mar 2013 - 193
18 Mar 2013 - 194
21 Mar 2013 - 196
26 Mar 2013 - 198
27 Mar 2013 - 200
technically, seems like making higher lows .....
creeping upwards ..... a " saucer" shape-like forming ?
Went in today.
For short term based on TA.
hope this one will break out of 22 before lunch ?
As the word suggest probable,
Anyone can call a number,
Most importantly, TA is suggesting differently.
I see the real numbers Will be out in q3 n then the price Will react to all the fantasy if it is true as it is trumpet.
As of now, there shd not be too much earthquake.
30% of diamond are for jewelry n 70% for industrial purpose.
So much useful to earthman! !! Than gold
HAHA.
The Merlin project has an estimated 65% of gem-quality diamonds, with a probable ore reserve of
2.9 million carats.
Gutnick said the company was working on trial mining and ramping up trial production in the second quarter of 2013, with commercial production estimated to start the following quarter.
“We are targeting to produce about 250,000 carats per year by the second year of commercial production,” Gutnick said.
Source: Aust Mining News
__________________________________________________________________________________
Don't know whether Wong or Gutnick is right about Merlin's reserve?
FearValueGreed ( Date: 28-Mar-2013 00:23) Posted:
Mr Wong of innopac says thee are 7.2million carats of diamond reserve at merlin.
Assuming $330 us per carats means 2.1billion revenue.
If says net profit margin 30%, means $600million profit.
Excluding net present value, this is where innopac stock price stands now.give him another 20% to 30%speculative flavour
25-30cents should be the price to let go.liao |
|
Maybe Australian resource giant Rio Tinto does not have the expertise to mine the diamond in the said mine.
wanglausern ( Date: 30-Mar-2013 00:00) Posted:
The Merlin Diamond mine and mining rights were sold by Rio Tinto Group, to Striker Resources, which explored the possibility of reopening it [2]. Striker has since become North Australian Diamonds [3], a company which operated the mine for a short period in 2006. Rio Tinto originally acquired the mining lease after a takeover of Ashton mining (November 2000) in which it also gained full control of the Argyle diamond mine. Ashton mining initially developed and operated the mine.
If Merlin Diamond mine is a good thing, then why did resource giant Rio Tinto sell it to North Aut Diamonds? |
|
The Merlin Diamond mine and mining rights were sold by
Rio Tinto Group, to
Striker Resources, which explored the possibility of reopening it
[2]. Striker has since become North Australian Diamonds
[3], a company which operated the mine for a short period in 2006. Rio Tinto originally acquired the mining lease after a takeover of Ashton mining (November 2000) in which it also gained full control of the Argyle diamond mine. Ashton mining initially developed and operated the mine.
If Merlin Diamond mine is a good thing, then why did resource giant Rio Tinto sell it to North Aut Diamonds?
im not vested in it and did not do any study on it.. wasnt comfortable of stocks going exponential.. so not in the right position to say anything, but good luck to those vested and hope it rises! 'cos i have ipco vested, so if innopac doing well, ipco doing well also lol.. win win situation:D
terencee ( Date: 29-Mar-2013 23:04) Posted:
Since Merlin will have to peg their price to SG market. If SG price is so much + can't go any further, the only thing to balance up the price is adjusting ASX Merlin's price. Since Innopac issuing more shares to Merlin share holders. Its like a weighing scale and you need to balance both sides.
Everyone got their own risk appetite. Don't enter if you are planning to contra. This is not a counter for contra and weak holders.
Don't think of how much it will drop cos if it were to drop, it would have broken 20c long time ago and not maintain it. I think its better to think of how far this innopac can go.
nqing87 ( Date: 29-Mar-2013 22:41) Posted:
| think maybe they scared that the deal with merlin is not good deal? 'cos if it s good deal, maybe wont drop to 16cents.. probably that s what they mea |
|
|
|
Since Merlin will have to peg their price to SG market. If SG price is so much + can't go any further, the only thing to balance up the price is adjusting ASX Merlin's price. Since Innopac issuing more shares to Merlin share holders. Its like a weighing scale and you need to balance both sides.
Everyone got their own risk appetite. Don't enter if you are planning to contra. This is not a counter for contra and weak holders.
Don't think of how much it will drop cos if it were to drop, it would have broken 20c long time ago and not maintain it. I think its better to think of how far this innopac can go.
nqing87 ( Date: 29-Mar-2013 22:41) Posted:
think maybe they scared that the deal with merlin is not good deal? 'cos if it s good deal, maybe wont drop to 16cents.. probably that s what they mean
terencee ( Date: 29-Mar-2013 22:36) Posted:
so you guys are more concerned with the price in 1986 and not the price it can go in 2013 ?
Why didn't you guys short merlin in 1986 then ? You guys would be millionaires by now.
If we compare with prices more than 5 years old, I think I got nothing to explain. Then can you explain if this is innopac taking over merlin or merlin taking over innopac ? So don't question price of merlin in 1986 when its already 2013. |
|
|
|
think maybe they scared that the deal with merlin is not good deal? 'cos if it s good deal, maybe wont drop to 16cents.. probably that s what they mean
terencee ( Date: 29-Mar-2013 22:36) Posted:
so you guys are more concerned with the price in 1986 and not the price it can go in 2013 ?
Why didn't you guys short merlin in 1986 then ? You guys would be millionaires by now.
If we compare with prices more than 5 years old, I think I got nothing to explain. Then can you explain if this is innopac taking over merlin or merlin taking over innopac ? So don't question price of merlin in 1986 when its already 2013.
edwinjup ( Date: 29-Mar-2013 20:35) Posted:
| Merlin listed in asx ..why dropped from 45dollars to 16cents? |
|
|
|
so you guys are more concerned with the price in 1986 and not the price it can go in 2013 ?
Why didn't you guys short merlin in 1986 then ? You guys would be millionaires by now.
If we compare with prices more than 5 years old, I think I got nothing to explain. Then can you explain if this is innopac taking over merlin or merlin taking over innopac ? So don't question price of merlin in 1986 when its already 2013.
edwinjup ( Date: 29-Mar-2013 20:35) Posted:
| Merlin listed in asx ..why dropped from 45dollars to 16cents? |
|
Merlin listed in asx ..why dropped from 45dollars to 16cents?
Merlin Diamond hit a high of A$45.90 in 1986 and since then it has plunged to its recent low of 16c and closed at 0.21c on Thurs.
Unable to copy and paste Merlin's graph from UBS private clients' website.
terencee ( Date: 28-Mar-2013 16:25) Posted:
I think its due to the take over of merlin shares and replace with innopac's. Innopac investor feel that its not worth the exchange.
doldoves ( Date: 28-Mar-2013 16:15) Posted:
why price even dropped with good news? any comment & advise.. thanks -  |
|
|
|
24 is a good target. But when ? Perhaps next week.
FearValueGreed ( Date: 29-Mar-2013 09:12) Posted:
I see left n see right see up n see down.
TA shows 24 cents is inevitable. |
|
Thank you Terencee... timely reminder of strict trading discipline and good sharing which is great food for thought and action to be taken next week.
Have a fabulous weekend and again.. thanks :-)
terencee ( Date: 29-Mar-2013 00:57) Posted:
if you entered at 205 and tp at 215, you would have 10 bids leverage on same qty you buy in. So would suggest you enter again at 205 if you see the selling isn't strong to ride up to 215 and TP again. if it ever drops, load as much as you can. Cos once innopac starts to announce something concerning the profitability of the diamond mines, innopac cfm run up and wont stop already.
vw2796 ( Date: 29-Mar-2013 00:54) Posted:
| I fell the same too. tp@215 n waiting to buy bk in again at 194 or 225... -)
|
|
|
|
Any view on how high can price move if breakout from this consolidation?
I see left n see right see up n see down.
TA shows 24 cents is inevitable.
