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Estimated 71 Billion Barrels...
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Mainat
#251 Posted : Thursday, June 14, 2012 8:16:52 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
25% immediate buying opportunity
Sehemu ndio nyumba
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gatoho
#252 Posted : Thursday, June 14, 2012 9:08:09 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
@nabwire Mainat and murchr and To all in the know, who do I use to buy Simba in the US? ING don't do them
Foresight..
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Nabwire
#253 Posted : Thursday, June 14, 2012 10:55:17 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF.
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hisah
#254 Posted : Friday, June 15, 2012 8:04:57 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nabwire wrote:
Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF.

That is why I also put the OTC symbols in my earlier response.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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gatoho
#255 Posted : Friday, June 15, 2012 9:39:18 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
Nabwire wrote:
Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF.



Thanks I got it, and they gave me @9.99. which Other handles can I get that have massive blocks? Simba said they have just the one block but are drilling offshore in liberia. The Vanguard guys are kinda expensive
Foresight..
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  | | Edit by user: Friday, June 15, 2012 9:45 AM | Reason: Not specified
murchr
#256 Posted : Friday, June 15, 2012 3:58:11 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Africa Oil Corp. (CVE:AOI) (PINK:AOIFF) stock price got affect by a dispute between the local authorities concerning the distribution of would be royalties from the company's oil sales.
AOI share price collapsed nearly 15% in what seems to be a slightly exaggerated panic. The trading volume wasn't too significant though at 2.2 million, which was only slightly above the daily average of 1.7 million.

Link

Wonders never cease.....apparently this reaction was caused by a newspaper article that run on the star that is purported to be false..Hogwash press ..someone says that they have drilled to 2700m and the results are so good, so this news was meant to rally the price down so that they can get in..nkt!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#257 Posted : Friday, June 15, 2012 4:43:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
25% immediate buying opportunity

I wonder how many opportunities will come by like that 15% collapse. Someone is forcing the price down for a better buy entry smile

@murchr - Thanks to that newspaper article for offering a price reversal this big. I need this thing to come back to the $7 handle or lower to $5 for the next buy grab smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#258 Posted : Friday, June 15, 2012 5:08:20 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Mainat wrote:
25% immediate buying opportunity

I wonder how many opportunities will come by like that 15% collapse. Someone is forcing the price down for a better buy entry smile

@murchr - Thanks to that newspaper article for offering a price reversal this big. I need this thing to come back to the $7 handle or lower to $5 for the next buy grab smile



smile
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Nabwire
#259 Posted : Friday, June 15, 2012 7:43:30 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Gatoho ING sold it to you at a $9.99 fee? Thats cool, question, how much do they charge you everytime you buy and sell? Any maintenance fees?
The biggest block owner is Africa oil/ Tullow, but im in Simba purely for speculative purposes, im hoping they will be bought out. And also the stock usually has great gains at the open, one day it was up 23% at open then closed flat.

This newspaper editor needs to be lobbied to keep printing such articles.. haha hio price ishuke.

Murchr do you have a map for Somalia and Ethipia block ownership?
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murchr
#260 Posted : Friday, June 15, 2012 8:14:46 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nabwire wrote:


This newspaper editor needs to be lobbied to keep printing such articles.. haha hio price ishuke.

Murchr do you have a map for Somalia and Ethipia block ownership?


No i have no maps but Africa oil is in Somalia and Tullow is in Ethiopia
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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