Was thinking of having a look around 85/86 if it gets there. Represents great risk versus reward on a long term basis! Problem is a lack of news flow from the FIs at the moment and no drilling until the end of the year.
daily rsi is just hitting over sold and rsi weekly chart is just hitting over sold , I bought my last tranche @0.95 which was my pp on charts . that's it now this year until it rises and will trade this tranche I've just bought and trade when it looks likely to fall back . all best . ( deutsche bank should be out approx. now ) . why have JPM bought 6.78 % on 20th march , only to have sold at least 0.8% 8 days later at a loss ? . find it strange , but still topped up because charts look like its good time too . could go lower but not by much imv .
I don't mind waiting for a year or even two with this share, but this is losing value fast, where will it be by the time we hear on development? Surely this is ripe for a takeover with the money it has in the bank?
It seems to mean b**ger all at the moment if AIM companies have a proven resource worth many times the company's market value. RKH have Sea Lion but there are others in a similar position. AFPO have a lake of potash in the Congo, Sable mining have a mountain of iron ore in Guinea and their shares are on a serious slide. OK, you guessed it, I'm talking through my pocket, but I still don't understand why the market doesn't support a proven resource even when there are clearly development costs to come.
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