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Daz.
Seems to be a lot of 'speculation ' in your post.
Agree with you some good value stocks out there. Including KOD but still as way to go before I put my spare cash in here.
Still one stock mining stock you seem very interested to knock that's 36% up over the last 6 months and looking at the charts a long way to go as well. :)
GLA.
As Daz mentions, a small mining development and exploration company probably isn't the ideal candidate to trade on technical analysis. Lots of doom and gloom, with people saying we won't know numbers until the 2022 accounts. There are other companies in a more advanced situation than ours, Firefinch, being a great example. See their RNS of 6th Dec...
https://www.investi.com.au/api/announcements/ffx/049fd017-3a7.pdf
Surprisingly to me, no mention of Spod 5, but they did revise their initial estimates from 2.3mtpa to 4mtpa, almost double, which suggests that the spod 5 (ignored in the first feasibility study) probably accounted for much of the extra lithium they plan to extract. It would be reasonable to expect a similar increase from KOD, as they're literally right next door.
Everything I read about KOD reassures me they're on to a winner, it may take the market a little while to catch up, count yourself lucky you can top up at such low levels!
Good luck all, if you can avoid it, don't sell, simply forget about them for a couple of years. Whilst everyone is walking around with a mobile phone's worth of lithium, give it 5 years and many will require 100x as much battery power for cars, homes, industry, etc. The price of Li is only going one way, and KOD are really well placed to benefit from that price rise.
0.005 is a realistic target based on good news, we have already been close and there is no reason not to come close again. Anything above that will need development.
The share price isn’t 27p? Nor is it 47p nor will it ever hit £1 it’s currently only 0.27p so not even a penny yet. Unless there’s a reverse split we won’t hit 27p or 47p or a £1 because that would put us in the same value as major mining companies before we’ve even mind anything!
I’ve been holding since 0.09p and plan to continue to hold until we are actually mining as I’m hopeful Bernard will not let us down
Cfo not unwise to look at charts.
MFI shows oversold and now touching the bottom bol band. Even on a TA basis this looks like a top up zone. I said i was waiting for TA to line up for my top up. Think it maybe getting near there. Someone took some 0.24 as soon as it dipped pre 0.25 supoort was found....
On a fundamental basis the above is all irrelevant mind.
Theres many mining stocks now on there 52 week low. Certainly ones im wathcing theres alot of value out there atm. Markets will flip abd liquidity will return. Its punters with no spare cash to sit the storm and smart money is loading at these levels.
All imo
But in the mean time the share price keeps dropping and any good news which then comes out will rally the share price to almost within the reach of the previous high before it backs off again leaving people wondering why it's still floundering given the potential of the company. Welcome to AIM.
@Daz423 - Indeed. Im not saying im looking to flip KOD for a quick buck either (jumped in in March and am looking to hold until at least a quid!). Im incapable of putting the time into looking at fundamentals (which is a bit stupid of me) but like to check the charts as one might do the weather: just because its crap outside doesnt mean im not going to walk the dog or go to the shops!
It can just be useful to know where something is headed in order to inform one's actions, is all. And heartening, in fact. Some may feel worried by price action until you look at the stats in a chart and see what looks like bearish moves are actually healthy when viewed as part of a larger bullish context; and as we know, stats never lie ;-)
I had another quick look actually, and noticed that, whenever we've hit 30 on the RSI, i.e. oversold, there has actually been a strong bounce back up. The "dips are being bought" as they say. So it is probably quite a good time to buy more, in fact! Will see how it progresses throughout the day anyway.
As i maintain. Charting daily is for traders. Which is fine if your looking 10% but i invested in the fundamentals. In a few months time there will be a anticipation rise... buy the rumour ? Do you want to be out of this if new numbers come in and they are extremely appealing? This will see SP recover imo and so anywhere in this region id class as value zone.
What will cause me to sell is a fundamental change and im aware of the risk thay may come.
Until then i sit comfortably.
Sorry, addendum: I intend to wait to see a flattening out of the down trend (which I REALLY thought was happening at 27p!) before consolidating my position with further buys. No point throwing money into an ever growing pit!
GLTA
Morning all.
https://www.tradingview.com/x/U0NFwKxb/
Ive got to be honest, from what I can tell the technicals arent looking great right now. Breaking through that 27p support line last week means there isnt very much at all until we hit 20p again. And this is on top of a near 50% drop since that pop up to 47p a few weeks ago.
I really cant see much support anywhere between those numbers, which is very worrying, especially with the general opinion on this board that we will only hear something "within" the next 6 months. A lot can happen then, especially in an apparently increasingly turbulent region.
I should have sold then tbh, and definitely should have sold when it broke 27, but guess will keep averaging down now!
What are others thoughts? Hold on for the ride or GTFO and cash in?