George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Despite the run back down to currently 161, the Short trerm trend did cross bullishly to the upside this morning and even at 161, the SP is pin-pricking just a smidgen above that trend line, reminiscent of the intro graphics to the sitcom Dad's Army pointer sticking it's tongue out, too and froo-ing, just pin-pricking, threatening to go for it :)
Almost succumbed to topping up at 162/163, but still too early for my modus operandi.
Think this SP area accounts for the latest court news compensation case, so not expecting much until the decision is made public.
However, I'm quite upbeat from Friday onwards (the Oct/Nov/Dec season), which should ameliorate somewhat, any adverse events in court against BT.
Any damage would have scored much better against BT in the deep summer negative-sentiment months. Sentiment will rise in BT's favour in its home grounds which is traditionally autumn.
When you think how long the SP has played in the 150's, isn't it a sign of positivity that in the face of renewed, energised, negative court action against BT, sentiment is keeping the SP in the 160's. ie., it's already discounted for risk into the current price.
The stockmarket already discounts the future in the SP's not react to it as if reading that day's newspapers.
Oooh that's a dangerous strategy. Never copy what someone else does; only ever form your own decision in investing. Everybody loses left right and centre, on a regular basis, more than we realise. I let over £9k profit slip away needlessly a few weeks back. Want to copy that? :)
-----------
Wonder if today's SP performance for September signals the end of summer? :)
Because I won't be surprised if Oct/Nov/Dec sees off this downtrend. Was too busy to post the other day, but the Ultra Short Term Minor trend (the one I keep saying to not trust entirely) - turned bullish a few days ago and is running with the ball.
I need to see the next trend up - the Short Term trend cross to the upside, and then that's it, confirmation of a change in trend is underway.
It still hasn't crossed to the upside, but is moving smartly towards doing so. But not letting greed get the better of me. Will wait until it does turn bullish, holds and builds on it, so instead of my gambling, by buying below in the 150's I'm just as happy buying at several pence above 160 with further confirmations that the commencement of moving out of this down trend is holding.
I'm becoming more disciplined in adhering to what the trends are doing. I was asleep at the wheel when this retrace started, as I was on another investment of mine that did exactly as BT did in June (but from further back in May and pretty soon a 5 figure profit was down to barely a 4 figure profit) so took that paltry amount - and I'm still angry with myself.
Round about then, noticed BT's retracing down trend was taking out significant trend after significant trend, but only got with the program too late (My fault for looking at other stocks instead of concentrating on the stocks I already hold).
So angry with myself, I swore to adhere to a strictly disciplined approach where the trend lines are concerned. Not moving a muscle until that Short Term trend crosses to the upside. Would like to see it eventually bring the stronger Intermediate trend back into the bullish fold, and from there repair the other higher levels too.
The Intermediate trend will take weeks to change but is the ultimate in safety. If I wait for that to cross to the upside, there's no telling how high or where the SP will be by then, so letting the Short term trend have the last word. When it moves up - I move too. Not before.
Nice to see the SP escape from below the 200 day trend, by both opening and closing above that 200 day trend today. As someone north of the border might have once shouted:
F-R-E-E-D-O-M !
This might put a spanner in the workshttps://uk.practicallaw.thomsonreuters.com/Document/Ia4a14d911f8811ecbea4f0dc9fb69570/View/FullText.html?contextData=(sc.Default)&transitionType=Default&firstPage=true..
Will velo top up now 162p has held? This is the real signal, when velo buys, it is safe as can be.
So we closed above £1.62 ....... and hit our head on the £1.64 fibonacci line during the day too ......
So does that mean that we've broken out of the downtrend that's been in place since the end of June?
Any thoughts Velo? (or anyone else)?
Trenners