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Greg I agree if I was a shorter I’d be mega rich as always buy on the spikes lol
I agree looking like 0.40-0.50p is our new trading range
I am not a shorter but most of the time they win.and in my opinion they should be baned.
Thanks mojo I just overjudged what the resolution RNS was worth I thought it was worth a rise to 0.7p ish that’s why I bought at 0.50p but that makes sense if it was over bought and now it has consolidated and corrected its self, hopefully now that’s happened we will be ready for he next leg up on the next news :) good luck all
Sam, the charts suggest, as previously mentioned by another poster, that for the months may-July the RSI (1D timeframe) was tracking pretty high - meaning it was overbought and therefore due a correction. This is understandable given the huge rise its had. It has since then corrected itself with the drop over the past few days, judging by the shorter timeframes - allowing for consolidation. So more than likely this will be our new trading range. But of course , charts don't tell the future and anything can happen.
Greg such ashame the MMS got you you won’t be the only one they caught out short
I have a buy order in for all of next week at the price of 0.30p maybe it will happen maybe not but I don’t mind as I I only punt these minoes for fun, my big ones are Rio tinto and the latest is gsk .
gL
Mojo thank you for that chart info, that is very useful to know and a relief we shouldn’t drop below that, it’s ashame I thought it would hold at the round figure of 0.50p if I’m honest hopefully we get the PSC RNS next week sometime
0.373, to be exact, is the support level though in all fairness. (Our resistance was .53). If you trade using charts. So it may or may not retrace to that. If it does I'll top up. If it doesn't then we are all winning. It's a win win.
P.s one of the hottest days this year and its cloudy up in Liverpool. Typical...
Greg you obviously have sold out wanting re-entry if you don’t get in now next week we could be in a lot higher trading range and even you know that but have to DYOR to know the potential of this
I'm with Austin you will be closer Sparkz
He using old report 2017, we was still on square wheel and using Nokia's then and he nicely mentions 5%
Minimum (option)
Complex % based on depth and barrel price
We will need to wait for official report
Well said Gregorio
Imo knowhere near Donald's predictions
Times have changed, tides have turned
If I was going to buy a house that was worth £150000 I would try to get the price down, you see, we are all rampers and derampers when the time is right. Even You my friend.
Gregorio why do you think it’s worth 0.37p then and not a lot higher? You either are a shorter or want entry real cheap!
Joker.
Donald - sadly its not that simple.
I cannot give you the exact answer, but the rate does fall to 50% under a production sharing scheme, they also have a sliding scale regarding depths and percentage of scheme, all very complex, the following is the most up-to-date guide i can find:
https://www.pwc.com/ng/en/assets/pdf/2019-ngr-tax-data-card.pdf
Gregorio you mean you can’t understand why it’s not at 0.57 and should be at that level this afternoon lol
I was 17.5% out....still closer than you, using the 5th year tax rate is sneaky and you know it, all very well correcting me but in the process you’ve highlighted your own intentional misleading mistake...... if only you were as sharp as your hero..... I’m assuming your still a child when your naming yourself after other men
I can’t understand why this is still above 0.40p it should be much lower at about 0.37p, maybe this afternoon.
PPT tax is generally set at 50% not 85%..... nice try Donald, brush up on some facts before your Next feeble deramp attempt
If you listen to anyone who decides to pick a screen name after that orange Dotard then you deserve to lose money.
I think we bottom at 0.36 then back up over the next couple weeks
Really over priced is it Donald
The old saying you can lead a horse to water but you cannot make it drink
Ho well never mind another 614k shares for me at a bargain price
Falling back it is I agree, still mainly buys.
Time to get out or stick or top up - depending on your perspective.
I got another 2.5 million......
Very odd....I know they have issued more shares etc but surely if you double the Market Cap the price should be a lot higher than .40p
14mil as far as I can see