George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"Its people like you that LSE need to invent a block button for."
They have - it's just above - called "Filters". Suggest you use it!
Blimey - rise is much stronger than I thought it would be!! Bugger, sold too early.
I did the same Fugu, 20% profit in a few hours was too much to leave on the table with today's update coming.
Will see how things play out.
Fugu,
Olivia is oil, Brent specifically.
Watching Olivia closely after the big spike up in recent days...
Does she need a breather before going higher?
At these low share prices, even a few pennies on the price means a large percentage increase in your monies.
Buggered that I didn't get in around 11p now!!
Well what do we 'ave 'ere then?!
Managed to jump in a bit earlier this morning, but missed out on the majority of rise, but up nicely nonetheless.
Can't let you boys have all the fun!
What a turn around for oil over the last week - that's what is driving this now, off the back of the vaccine news. Markets likely to remain buoyant for a while I would think.
The question is how far is crude price going to strengthen, as Corona had thoroughly muted it?
222p close. Nice.
I have no interest in looking back at your previous post. The content and tone was largely the same as before, i.e. continuing your tit for tat with Givingthelowdown. Facebook would probably be a more suitable venue for such discourse, then you can save everyone else here from having to read that cr*p. Thanks.
Noel, why are you repeating yourself? You posted this the other day.
Was someone recently saying that gold has support around $1850?
I'm struggling to see that on a gold chart.
Thanks.
Could be a lot more of this to come...
https://news.bloomberglaw.com/employee-benefits/ohio-pension-fund-adds-gold-allocation-to-hedge-risk-inflation
Actually, my mistake, it's 2.10pm UK time (BST).
Dark_knight2020:
"Anapa we will find out tomorrow at 7pm.uk time which way Gold will head after the Fed meeting"
According to this, the Fed speech by Powell is at 9.10am ET (1.10pm UK time):
https://www.cnbc.com/2020/08/27/us-treasury-yields-fed-jerome-powell-jackson-hole-speech.html
The HOC chart covers the same time period from mid-March at around 100p up to today's closing price.
There is a strong correlation between the HOC chart and gold, unsurprisingly!
Obviously charts and patterns only tell you what has been, not what will be.
However, if enough people around the globe follow the same patterns and trade in the same way, the patterns can become self-fulfilling, like a lot of TA. Just need some news to help it along in the right direction!
Here's an image of the uptrend channel I mentioned for gold since mid March:
https://ibb.co/pLSL0Q8
You can see on 12th Aug it touched the bottom of the channel at 1862 with a strong bounce, and again today, dipping down to 1904 and then bouncing back again.
Let's see what tomorrow brings.
Looks like gold tested and bounced off the bottom of the recent uptrend channel, as I mentioned it might the other day.
HOC also bouncing off the same point on its chart.
Fed news tomorrow likely to be the main driver here though.
Gold going to bounce off the bottom of its uptrend channel around the 1905 mark?
Perhaps tomorrow or Thu, with news from the Fed to send it one way or the other.
Expect HOC to follow it in either direction.
BashRisks,
"big firms are still 80-120% down from there peaks and will recover 3-4 years time, and I would advise to stay away from PMO instead of risking more"
Some are over 120% down??
I really wouldn't be handing out advice after that statement, sonny!!
Megla,
I meant the number of shares that could be issued was potentially alarming, as it could incur significant dilution to existing holders if done at a low price. Per your other comment, not all PIs are going to be able to buy additional shares to prevent this dilution. Obviously, the company going bust would be more alarming.
Thanks for info on the RI pricing.