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Price has been raised specifically to entice sellers imo, what they got was more bought than sold so I expect higher prices this week. Now is not the time to be selling!!!
Thinking in fractions of ZAR cent would hurt anyone's brain!
We pay premium, jse cant trade shares below 0.01 zar. Unlike aim where you trade on gbx which is a fraction of the gbp. In south Africa we do not have a fraction currency for the Zar
Its a good sign because the JSE has been stagnant for a while now...with minimal trades taking place over the past 3 months. The average is not even a million trades a day....so 17m is excessive which imo is a good sign. When I said we are paying 4x more per share...do the maths...1c =0.000575154 GBP and they were trading at 0.00014 ..... currently trading at 0.00018 which is about 3x cheaper on LSE than JSE.
Hi can you explain why it is a good sign, and also why you have to pay 4x more? i dont understand. Thanks.
I have bought quite a lot today.
17,911,746 M traded so far on JSE today.....:-) ...Good sign.
We all know it's undervalued and with news due from the latest drill, new JORC and metallurgical values you're bound to see long term holders and observers to buy.
If this gets a 10th of a penny then we're all making good money from here, half a penny would be better - but all in good time.
Their is a nice video on pro active as well. Uploaded the other day.
Well, I'd certainly applaud the removal of the imbecile who's overseen this huge reduction in the SP - and yes, that's absolutely my pocket talking.
If it really has, it will be up again tomorrow. But as I suspect it will be back down.
Drill 2 waiting assay results
Drill 3 being well...drilled
Institution that has taken a large stake
...seems plenty of reasons to me for a potential rise. Maybe a curveball with new management announcement (who knows)...
........and whilst that great news and very welcome for new investors (well done on your entry point folks), there remains a way to go before many get back to level (especially if they haven't got funds to average down).
Nonetheless, good luck all.
Do you need a reason for a drop on no news? Well the same applies I guess. Once sentiment changes it has a very positive effect on the SP. I think the catalyst here is that we have had recent work on Toral and everyone is loading up for the Assay results. Also as a contrarian investor it's good to buy at the bottom when everyone else is selling!
Cheap as chips up 36%
Thanks Shatner. Do you not however need a catalyst of sorts to initiate the rerate? With no additional Sens on official news, can one really read anything into these sales and rise, or will it probably just drop back down tomorrow?
Simple, because sentiment turned and people were robbed of their shares, delays at Toral with deviation etc and now it's just rerating, remember this share has dropped from 0.155 this year which is over 1000% down! Toral assay results and hopefully upgraded JORC means this will move so quick on revaluation. Stake builders in the background too means it will fly!
Any specific reason for the increase in SP today, and the large volumes? Any insights into this will be appreciated. I don't always understand the difference between trades registering as buys and sells.
Thats the sad part about jse but still this is a great buy, i see this at 0.08 zar by end of q4. Once we de-risk with metallurgical test work.
Yep...I bought 11m in total today. Sad thing is though we are paying 4x the price !!!
0.01ZAR = 0.000575154 GBP
@BricksSA i see 9m shares traded on jse, is that you? Good buy mate. Im just cash Trapped. I'd have liked to top up
Out of the darkness..... nice to see some positivity return to this share! Glad to have got in last week hopefully at the bottom. Love to see Toral sold off and this become a ten bagger!
Many thanks RA for such an enlightening post. It somehow assisted me in connecting some of the dots.......
I thought it was just me thinking that "something was going down" but could not put my finger on it....You have certainly assisted me in gaining a better understanding of the "bigger" picture for which I am extremely grateful. Thank you once again.
Excellent, thank you for sharing.
Good post RA.... One thing you did not mention and I would be very interested in your view is whether the faux pas caused by EUZ management ....and there are a number of them.....had anything to do with the capitulation of this share...and also if you believe they were somehow engineered ? Also what are your views on the current management team taking this forward and if you would like to see changes what are they ?
Bobby what timescales on jorc update do you think?