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Heavy volume, lots of selling but maintained 5p base so far which is great to see. Coming up to 3m volume so flushed out a lot of sellers. Can see more anticipation and another move towards 6p short-term.
Profit taking. I wouldn't be doing it here. I am buying in the last half hour. JORC announcement VERY SOON!!!!! Keep the faith!!!! We're taking a breather here, which, having gone up 40 odd percent in the last couple of sessions is well deserved.
someone dumping a few this morning?
Yep I saw that. Advertised spread changed to 5 - 5.8p. We gunna see some delayed buys popping up over the next couple of days? Anticipation building for JK & combined jorc.
Very strange, not sure if you noticed the MMs but up the offer from 5.3 to 5.8 AFTER the market had closed. Last trade was 5.3. Odd to say the least though it indicates that the MMs must be short. They're afraid of selling stock even up here, and not much natural selling has accompanied this move up. It's very tightly held..
they are short and extremely caught... news is ever closer and this is not a time to feel sorry for them!!
Absolutely, but i wont be selling! lol
MM's will take my whole holding for 5.2p
Wow! This is moving so much on such little volume! very exciting
Interesting thought, a pound a share... It did trade as high as 2 quid a share in the Tanzanite 1 days, but to get there, we'll have to have a pretty massive upgrade in the amount of reserves there. I'm sure there is still plenty to play for at JKL but the interesting one is Jennings Pioneer next to August, Georgia, which is right next door to Barite Hill which was mined on the 90s until the owner went bust... Sons of Gwalior I think...
Anyway, I'm pretty psyched up for the JORC announcement but to get to a quid a share we'll need something else thrown into the party... The stock is moving on anticipation of the reserve announcement. Bring it on...
Also worth noting - even though last few days have seen double-digit growth, volume has been anaemic all things considered. Not even 1% shares being traded. What happens when we have a blue day with 2m+ volume? I'll leave that one open for discussion...
My 100 was referring to RSI not share price haha
I love your optimism and I think you are right, the road seems clear here and any buying will send this higher.. good news will clearly exaggerate upward momentum
RSI only just entered overbought territory on the daily so potentially a pullback but I reckon we could rip it until it hits 100. No loose stock so buys still sending it higher. All to play for.
I've been hearing similar stories from my broker about the MMs being short.. I'm expecting a bit of consolidation at these levels before we resume the upward momentum, but there is not much chart resistance at all in this area... Looks like we'll be testing the 2021 highs at 6.5 soon...
being very very short with news due very soon is not a great strategy in my opinion
Decent holding. Looking like you'll have an op shortly in the 5s no doubt.
One of the more frustrating aspects of the small cap area is that investors tend to overhype the best situations, something which can very often lead to some left holding the baby in terms of paying too much for their stock. What is interesting about Lexington Gold (LEX) is that while there is good interest here, it does not seem to be overblown – yet. Key phrases from its recent interim results were https://www.share-talk.com/traders-cafe-with-zak-mir-a-week-in-small-caps-sunday-9th-october-2022/
It's been a great couple of months. JORC should land in a couple of weeks. How high can we go? who knows. Could be due for other news such as increased land holding, review of geophysics/anomalous readings in light of new discoveries (L. South) etc. From a trading point of view, herd nowhere to be seen so we've not really seen high/heavy volume come into the fold yet. That could be a serious catalyst for the share price at some point.
At the very least, we should be in for an exciting and very good October.
About flipping time too if you don't mind me saying. This company will hopefully be going places soon, to be honest wish I had more to invest on the recent dips alas not.
Good luck all
Our time will come
Where's two pennies?
ALWAYS BELIEVE
YNWA
Chart turning positive if we are closing around here... JORC at JK just around the corner... Tension rising? This thing looks like it's getting a few legs.. All the chunky trades so far were buys. Only small junk sells. Someone's picking it up.. Stick with it..
More volume going through in a tight market.
Of all the brokers I have used HL are at the bottom end. I too could not get a quote for this stock but the issue with HL (& some others brokers) is that even when the quantity you want to buy is within market size it still shows NT yet if you place a limit buy chances are it will most probably get executed provided your buy price is at the buy quoted price or higher. At least this is what I have experienced.
Yep, volumes getting better. JK JORC hopefully by the end of October. Be great to continue building on the past 4 weeks momentum.