Member Info for 42trader

Well I hold the grand total of 5k shares! Looking for £6 a share before I sell any.

Not necessarily. The rise today would of taken that trade into account. With luck it is an ii buying in and they have more to buy. but who knows? What happens on Monday will depend if there are more buys or sell trades on Monday. Volume today was good though, about double the normal days.

If you look at a weekly or monthly chart you can see an upward trend channel which CML has stayed within. It is near the bottom having bounced of the bottom trend line back on 1st April. Give it time and it will eventually bounce back to the top around £6. As for the 18% up today, I would guess someone is buying into these with a big order, hence the 5000 regular trades going through. Due to low amount of shares available, it is not easy to buy in for a large holding and so the share price moves in big ways. The company is pretty solid but went through a tough period where there was over supply. Going back to profit now. There are 2 things I'm a little concerned about, but not enough to sell atm. 1. The company may be affected by lack of supply of Helium and 2. The semiconductor companies in the US have gone parabolic recently, whether they continue to rise or fall is anyones guess.

Not checked in for a while. Surprised this isn't getting on for £1 yet. Oh well.

Hikes*

Yes, traditionally gold goes down when interest rates go up. There are exceptions though. When gold goes up during stagflation. Inflation will out pace interest rate rikes making cash decrease in value despite higher interest.

Not to forget, the current situation in the Middle East will send inflation up and GDP will drop. Interest rates will climb. This will push the price of gold up, but also people will struggle more financially. A perfect storm for RFX, where people will pawn more.

Added 2k myself. My only worry would be how much the Iran conflict will affect business in the gulf for SNX.

Not a huge amount, £12K, but going by the little amount bought in the past, I presume Amanda is not loaded. And right before the investors meet due at 11am today, I'd like to see that as a little confidence.

That was more funding than I expected to see. The real importance though is the backing. The US were never going to fund massive amounts all in one go. Mines takes years to setup and providing the company doesn't go blow the funding down the local pub, the US will fund again as the company reaches milestones in the setup. The funding will speed up the process purely by lack of delays of to obtain funds to develop. Mining companies are always higher risk and drilling companies even more so, but here we have a company at very early stage that has secured it's funding for years until it becomes profitable and that is when investors will see huge gains. There will be plenty of news to keep the sp rising, in the near term but if investors really want to see a huge return, invest smaller now and hold longer term.

My only regret was buying in my sipp and not my isa, so the tax man will likely get some. Still, can't complain at being 160% up so far. But I do see this going a lot lot further yet. If the funding does come from the US government, as expected to, then that is when the sp will see several weeks of parabolic rise. Ofc some will say that the company has already said the funding is on its way, but until it has actually happened, anything is possible.

That will easily be passed imo

All time highs?

Well that would be nice but be realistic. It may well happen in a few years.

Good chance this will bounce and continue higher from 342p.

Well the RNS came out of the blue and wasn't expect. This I believe explains why.

"In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next, will differ by at least 20% from the financial results for the previous corresponding period."

He must be very clever, because he puts imho at the end. lmfao

Worth pointing out the ex dividend date is the 12th of this month. So just today and tomorrow to buy if you want to receive the dividend.

Good point john

Cavendish upgrade target price from 490p to 550p.

Whilst it is nice to see the rise today I just can't get excited. The real price will be 5 years plus away that will make the broker fair value price of 8.9p seem like a steal. Gallium is sorely needed by the US and they don't have it. It will take time to production, there will be many ups and down in the sp along the way, but this has the potential of being one of those elusive 100 baggers. Just got to wait some years in the making.