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Yes MKA/PLC Not misunderstood, MKA would raise an invoice for the works but will have costs associated with them. I was talking more about the gain on those works from Lancaster to MKA as been minimal. I do exactly the same with my sub. So Songwe taken care of in your view, what next? With MKA employed and busy with that, what needs to be done elsewhere?

Q1 or Q2?

Cheers, I agree, hardly any throwback profit back into MKA�s coffers. So the funds that MKA have now won�t be affected much by workings at Lancaster, so the only funds will be from warrants exercised. (Just need to check warrant prices). As for drilling, dependant on what they propose to drill obviously depends on timescales for completion My initial guestimate was around 6 months for both but only really going on timing for Metalysis phase 2 finish/HY results nothing solid. That would also fit with your theory on the rainy season.

Bladey, take note of the answer given by Aim-chaos. That�s what these boards are for!!!!

Why he won�t tell me anything the market doesn�t already know or will know when they issue the drill plans.

Hi AIM-Chaos The warrants will keep the coffers full for the foreseeable I agree, but what sort of throwback profit is there within the management fee for MKA? Metalysis phase 2 won�t be finished until around October so we know the rough timescale for that investment. So the question is when will they start the extensive drilling programme, how long will it take and how long to issue results after that so MKA can receive the remainder of the investment to finish the BFS?

Wasn�t Kloepper put in to sort out a Lithium project and run Zeb, I can�t see how him leaving an an accountant put in be positive. Who�s running the project/s now?

20th on the list

Yup

Back to my charts, news. Troughs and peaks of the sp are getting shallower, the RSI is at 25 and flattening out, Macd still below the signal line and in minus territory with the MFI quite flat which is basically low volume. So what do I take from that!! The sp could be starting to level out, more volume is needed to push it up that is for sure, for more volume some good news is needed. Otherwise it could trickle down, the sp is sat around the 50% fib point of 7.8% the next point would be the 61.8 fib at around 6.9p. So the sp could be starting to level off. The question is what news is due,when and will it be good enough to create that volume to push the sp up? FY results where mid April last year, so around a month until those, which is in Q2 when the drilling should start, but Q2 lasts until the end of June so there�s room for movement there. They�ve started phase 2 with Metalysis but that�s a 12 month programme so won�t be finished until around October. So I�ll go for next news is FY results will a small update regarding drilling starting shortly etc. Just my take as a non bias non holder.

Sounds about right Apple! I see a few others from here on the list also! Maybe it�s due to lack of backing up statements, I�m still waiting for one of you to back up that I�ve rubbished MKA!

CrestEx, Cce stood at USD$338k on the 30/9/17 so �240k Warrants cash exercised since; �242k,�10k,�138k,�116k,�102k and �30k (C$53k) so �638k from warrants. Total of �878k in cce minus cash burn since 1/10/17 which is �??? The FY results will shed some light on that in around a months time.

Tried that, got called a troll

Give over Apple.......it was no doubt the email posted by Graig. Don�t think that�s allowed.

Continued .....even the hold for gold brigade can�t stop it when it sets in. They just blame the mm�s or weak holders to justify themselves as they keep holding. So as you can see some news works with charts, some doesn�t but there are patterns to exploit in and around, with and without news. No animals were harmed in the process of writing my explanation, no advice intended, dyor on it, now do one and let me get on making uneducated money. All the best.

Actually Cristal as I�m bored and there�s tumble weed blowing across this board I will answer your question, not specific to your points but in general regarding news and charts. It all depends what the news is and when it is. Let�s take MKA as an example as you know all about the news and I the chart for the last 12 months.Look at the sp bobbling along under the 50 day sma, with the 10 day sma which basically tracks the sp due to the timeframe on that parameter. Notice how all three are under the 200 day sma and all are close together. Now bring in the insider rumblings in August the sp and 10 day get above the 50 day. Then the worthy news starts. Firstly, holdings RNS�s early October, the sp jumps above the 200 day closely followed by the 10 day. Ok nothing to shout home about, but then as that month progresses they fall back again towards the 200 day. If the news regarding Talaxis hadn�t been issued then I suspect this pattern would of continued bobbling along. But news did come so what happened to the chart? The sp went up of course due to said news, but now look at the sp,10,50,200 on a 12/6/3 month timescale. The sp trumps all three due to the sma lag but all have swapped around, a gap has now appeared between the 10 and 50 and as time goes on the 200 also. Add in the sentiment and a lot of ramping and those early in make money but only if they sell. Now look at the peak point, news on approval. The market now knows the plan, knows it will get the funds, knows drilling should start within Q2. What happens next, well the market sells the news and people start to take profits. The market knows drilling won�t be starting anytime soon and certainly knows results of that drilling is way off. So bear that in mind and then work out the these two fib points, bobbling to peak, rough fib�s can be worked out for support/bounce points. As you can see from the peak point onwards and downwards with small but significant pauses, bounces around 9.8...8.7...7.8 the 50 day came into play as support slap bang on the 8.7. When the sma�s cross on the way up it�s a little golden cross, but as we can now see on the way down as support was broken and the sma�s crossed the other way it�s a little death cross, which is usually followed by a further drop with those sma�s becoming resistance rather than support on bounces. Stay above the 200 sma and that will be seen as a longterm upward trend, which it still could reach dependant on what news is next and when. Drop below it and it�s a big death cross as the longterm upward trend is broken. Obliviously the trick is seeing these patterns emerging, you�ll never get the top or bottom but you can get close. Confirmation of funds hasn�t stopped it dropping, neither did warrant exercises to fill up the coffers or the fact that the project has funding, or the off chance that some of the news points you make happen, even t

It hasn�t puzzled me Criag, it�s the way AIM works.

When I�m ready to buy again I�ll buy, plus I�m a member of this forum and can post on which ever board I wish.

Not much point in answering that Cristal as you don�t listen to uneducated posters!!

I agree Apple a lot of it is, but keeping it simple works for me. The problem people have is if they don�t understand it they poopoo it without giving it a chance. Many trading house algorithms use technicals, stick a few of those together working off similar parameters and support/resistance, bounce points will start to happen as they do their thing. Most people buy into a share for fear of missing out and shout about having patience when losing money, why not have patience while not losing money then buy near the bottom? Makes complete sense to me. Just look at all the lth�s on many boards blaming every Tom,Dick and Harry when all it boils down to is buying in at the wrong time though fear!!!