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Scot. CPX. Very much appreciate your thoughts here. Apart from new contract wins (which have lifted the share price only for the bears to get back hold of it in quick time) the only thing on the horizon will be the yr end results. The last three years have been on the following dates. Is there anywhere on your chart that would see a low point in the first week of September ? 1st Sept 2015 - Audited results for yr ending 30th June 2015 8th Sept 2014 - Audited results for yr ending 30th June 2014 1st Oct 2013 - Audited results for yr ending 30th June 2013 Thanks again. Much appreciated.
CPX. My chart is very different from the angled and horizontal Support and Resistance lines superimposed by PRT. http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=3n6gxjh8p1sei3od9mihie6cq&type=png&purpose=share_google There are other thoughts on a smaller scale http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=qgetki2keaxohk9jm9l6yfk6y&type=png&purpose=share_google I would appreciate any thoughts on where to add here. They are going great guns as a business. There are continual lump 100k and 50k sells to keep it down. I would really like to be there waiting. Thanks in advance.
AVO. Nice morning star. http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=5sc1bq3w5z921sq0hyqa8v985&type=png&purpose=share_google
WSG - It is 'do or die' week for WSG. Either they have something in the bag to be announced at the end of this month that will lift the SP over that 25-6p'ish resistance or not. As a new investor, Hargreaves Hale, has the float by the throat, I think it is reasonable to assume that they will take the price up this coming week on either a true rally if the news is good or a bit of a pump if not. You pays your money and takes your choice but I don't think the price will be steady. It will be extreme one way or another.
AVO - maybe ready to rise again http://rt1.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=2oyux6sh51df4qbedhlpw4x8n&type=png&purpose=share_google
Scot. WSG. Yep. I would never invest in a company involved with Darwin. I would also immediately leave anyone getting involved with them. They are far far worse for a share than a one off massive dilution. Absolute last-chance saloon poison. It's whether people have any trust to stick their necks out now for the gains. To me it looks like there is some share accumulating algorithm going on (Hargreaves Hale is the most likely candidate) and feels like it is on rails. I would think it will sit right below that long standing 26p resistance at the end of the month so that good news or no news will take it slicing through or straight back down for your 7.5p. It's a gamble no doubt.
Scot, thanks. I did not see the other one. These shares at £90 a pop are not to be messed with but if you look at this RRS as a 1 hr chart, there is the MA 200 is coming up and I think a golden cross. The SP is going down but I think it will bounce off the MA200 which would fit with the T line getting underneath it. One would want to catch it right on any leveraged product as your money would soon be finished if you got it wrong. I appreciate your time to write your thoughts and it is, as many aspects of charting are, another area in need of study. WSG - I know you were not predicting. I think its all over the place and no one knows where it will go between now and the end of the month. D still have 1.1 - 1.2 M shares to dump before then. That is unless they have some concrete evidence that a deal has been indeed done and that they can sell into the rise after any announcement. Otherwise the price will be below the 11p mark and they will loose money.
Scot. So this is a hidden divergence. The price should have gone down but it did actually go up. I am not trying to find examples of where the the theory does not fit. Tell what I am not seeing here. http://rt1.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=zjqhghzmxq12svnsjvcr17j36&type=png&purpose=share_google
Scot. I think that's where I am, babypips. I realise I do not pay enough attention to the RSI. I use it more as an "entering exit or entrance zone" and do not pay enough detail to its..... detail. What are your (and others) thoughts on CPX. Its price has not been able to get out of its range recently, but it is a great little company.
Scot. Appreciated. Could expand some on the hidden bearish divergence and also why you highlighted it in the RSI chart rather than the price chart? I agree that it really does pivot on whether they come up with the goods at the end of this month. My feeling is the company is so precarious that to have named a date suggests confidence. I wonder how many who have bought in at 7 - 10p will have the nads to stay in if they shake it over the next 2 weeks. I think I will take a SB if it dips towards the end of the month. One can now get a guaranteed stop loss on IG and only pay for it if you use it. If it comes off, it would be a mighty play. Thanks again.
Scot. WSG. Agreed. End of month deal = Good. No deal = Bad. However, the last 3 weeks plus have not been a bear trend. Quite the opposite: http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=cedn9vsv8vgws3czt6ncdmzhb&type=png&purpose=share_google I am interested to see your chart (other than a weekly wedge-like one) that shows 7.5p by the end of this month.
scot: WSG. Debt is now only £210,000 of Darwin loans notes outstanding. Delays are definately already built in. Ferry also severely already priced in. The only potential problem I foresee is that D could argue that if they, the company and big contract partner, do not sign something at the end of this month, as WSG have been very specific in saying that they are going to (and that in the knowledge that one more broken promise will sink them), D could argue that the SP will go below the nominal 10P and D need to get their 10% on top of that. So they could argue that they need to forward sell their August remaining shares which would amount to around 1.5m shares. They would try and do this in order not to take the SP down too much but if most people are now sitting on their hands, D may sell anyways and the SP may dive before the end of the month. That is all I can see down the road. If you are taking a simplistic weekly chart from the 90p peak to now with an underlying 7.5p horizontal support then yes you can get that wedge but this does not take into account the end of July cut off point. I have been sufficiently spooked by what you have said to take a chunk out of a CFD to wait to see your chart. I await your chart with a mouth of feathers poised. I joke not.
Scot. WSG: http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=wluts3zmeettp0qt3vl16e0lg&type=png&purpose=share_google Not sure I agree. They were hit at the beginning of this month with Darwin's penultimate forward selling. My understanding is that their next tranche will have to be from 1/8/16 and the company has put huge emphasis on major news at the end of this month. I think its one of those jump in early and go through the squeaky bottom time or wait for a result and try and get in, remembering that there are only 85M shares or so and the contract could be for many many many milliiioooonnnnss!!
AVO. Two reasons to be upbeat about this share, three if you include a large £50K buy from a director yesterday. First one is a nice T-line chart forming. It has only just started after share consolidation and it is a 4hr chart: http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=m493ljh7epqrkmbjhrwgxrj51&type=png&purpose=share_google The second is the way the bottom of the new chart was dictated by a strange trade two days before the consolidation. It was written up on the AVO bb but I will reproduce it here: ++++++++++++++++++++++++++++ On the 28th there was a reported sell from the 24th for about 1800'ish shares at exactly 4p. I have C&P'ed the exact sell here: 24-Jun-16 13:50:52 4.00 1,814 Sell* 5.25 5.75 72.56 O The real spread at that time on the 24th was 5.6249 and 5.68. This would have to have been done with the consent and involvement of the MM's to sell at such a low figure for such an inconsequential amount of shares. As I said at the time, it was very odd and more than likely it was allowedin order to put a floor in the chart. It now makes sense in that if there was going to be some drift post consolidation then it would make sense to look back to the old chart to see where the floor was and try and mirror that using the new SP. So, 100p would seem to fit that scenario. ++++++++++++++++++++++++++++++++++ and that is exactly what has transpired. The share sank 30% after consolidation and turned around at exactly 99 - 103p spread. Presumably the director was privy. Its a solid share who has hit every single milestone and if you look at the chart before the consolidation, 4p was a steal..... and it still is. Plus there is only 56M shares today.