CFEP have slammed the breaks on. 35p once they sod off.
Probably Monday-Tuesday.
Calm is nice. Has been panic station zebra at various points in March.
Damn straight. I know how you feel too: my B/E is in the 30's, thanks to some poor decisions in September last year, before I taught myself TA & charting.
There's a big light at the end of the tunnel now though.
Couple of months all will be golden. As Munch says: some pretty epic newsflow likely coming our way in May.
And well done to you too, Mike. And anyone else who bought during the last year!
It was tough to hang on to confidence and morale as it dropped all that way, but it just shows that buying in a company you believe in and then having patience can have a good end result.
Plenty more to run on this one too. My next target is the 48p high.
Much appreciated, PB. That's a nice thing to read, thank you.
I will admit that I was perhaps a touch defensive (*cough* aggressive) with Fixxx but, at the very end of a brutal downtrend to then be told that it was probably going to drop another 8p...well, I didn't agree and it pushed my buttons.
I never planned to become quite so au fait with IRR but the story has kept getting more exciting for me.
Thanks for dropping in. All the best.
That would be true normally,Munch,but 90% of the placing was taken by the backers & Bod who have been here since IPO,not sold a share and kept accumulating.
And PI’s can still pay 5p less than them even following the rise from 21-29p.
It’s an amazing bargain for a PI.
FWIW I think your numbers are in the right ballpark but my timescale is but July :)
Still large discount to July placing at 35p, heavily bought up by Sumitomo, DGR, Assore & the Bod.
And 35p, technically, is where we're heading back to short term.
Have you seen Vince in action before, Munch?
He's always charming and disarming but I feel this was his best and most relaxed interview yet. And the glint in the eye and all the chuckles are unmistakable.
There was a 3 week period last year where they announced something like 8 JV's in. I think that sort of thing could be replicated again, but add in Chad results and Ghana drilling as well and so on and so on.
It's 90% of my portfolio for a reason. Just got to blow through the 200DMA and we've got space to move.
How do, Oscar?
My target is purely technical and not in any way based upon the fundamentals of the company, which will do �1 or so in 2019.
But not on this rise.
Unless...
Good man. Welcome. I've got 55p target by summer holiday.
Suggestion from Vince's interview that we should expect a huge bundle of announcements in next couple months. Each one materially increasing the value of the company (my interpretation).
All good.
Everything at IRR towers happens infuriatingly slowly or at the speed of light.
Appreciate the updated chart.
Looks like a Wave 1 doesn't it.
Happy hunting. May see you around here again.
Completely agree,SM.
Pretty clear the difference that interview and his excitement has made to the market: Break out!!!
Only good times this summer with IRR.
...
Or maybe it will drop to 15p.
Wry smile.