Member Info for aprogerson

Another jigsaw piece revealed ?

@BP I cut 50% of my CCZ holding 3 days ago. My other 50% isn't very happy
APR

I think the brutal drop and small recovery leaving copper down 3% on the day may have something to do with it.

Yes, MMs don't get paid if there are no trades and volatility helps them get paid as trade volume tends to rise
AIMHO APR

Another way of looking at this is if buyers place 'cheeky' buy limit orders layered below current price and someone wants to sell then those may get picked up by the MMs so that they can fill their order books. To do this they can (a) widen the spread and/or (b) drop the price and match the buyers to sellers.

In a thin market with few buyers/sellers this is how you can get large moves sometimes as MMs just doing what they do. I'm not defending them honest !
APR

@Lse Don't take it personally it was just that your buy was made at a price that was below the mid-price at the time of purchase so the system automatically shows it as a sell irrespective of what the 'real' underlying buy/sell price at which you are able to transact really was.

For example I purchase a chunk of shares yesterday on GWMO and as it was dead-on the mid price it was shown as . I went onto BB and stated it was a buy because it was my trade and my post was not deleted.

Whether we like it or not the MMs use this to their advantage but strictly speaking those are the rules on AIM so just need to be aware of what they are. I don't like this but those are the mechanics; however, what I do object to it delayed trades where often market influencing trades made during the day are only declared after hours. Just not fair on us PIs IMHO.
ATB APR

@JTD AAZ will continue to throw off cash with its very low AISC. Lots of smaller producer such as AAZ are labouring under AISCs of $,1000 to $1,200 which puts AAZ with circa $750 AISC in a very strong position. Additionally and most importantly for more the potential considerable GEO growth will come from existing mines coming back onstream which will be both quicker and less CAPEX intensive than a new mine. The bonus is that the Azeri government will be looking to support AAZ as it creates job, tax revenue and sends a strong business as usual post-conflict message.

AAZ is firmly a growth stock for me and I am treating it as such with the added bonus of covering gold, silver and copper plus a Dividend just to sweeten the deal. Downside risk ? Not really as AAZ have an exemplary record of NOT diluting its shareholders and increasing shareholder value.
ATB APR

LSE get touchy about posting paid for content from themselves or others and will 'moderate' posts usually by starring out offending content. Deletion of posts usually only happens when content is offensive and/or breaks their rules in a big way. Sharing the fact you bought shares and at what price so confirming a trade as a buy or sell is what a BB or an open market should be about ie price disclosure which is something that AIM is not very good at IMHO.
APR

Copper has dropped along with everything else in my PF and watchlist. Price is retesting what was uptrend resistance and (hopefully) will reconfirm as support @8,700 going forward ... retests are always disconcerting, but with a wider market sell off hopefully it is not something bigger.

I suspect support will not hold given wider selloff ... but let's see we might be pleasantly surprised
ATB APR

Interesting interview with Low6 founders, some insight into their business model, growth and forthcoming IPO https://www.sbcnews.co.uk/features/2021/03/02/bucking-the-trend-the-secret-to-low6-growth/

@techtonic I'm hoping to be very pleasantly surprised by both Rogue Baron and especially Low6 when they IPO most likely Q2. Rincon looks like a slow burn but should also see some decent returns even after the drop in a similar timeframe
ATB APR

Rincon has had minimal newsflow since Dec-20 IPO and cashraise, but with Exploration/drilling about to commence for mid Mar-21 mobilisation start as per 15-Feb-2021 ASX announcement.

Rincon Commences 2021 Field Programs (ASX RNS @15-Feb-2021)
? Infill Soil Sampling commences at the Laverton Gold Project
? Up to 5,000m aircore drilling program scheduled to commence mid-March
? Drilling to test the GG Soil Anomaly and follow up historic results at Laverton
? Photo-geological interpretation identifies multiple high priority targets at Hasties
? Versatile Time Domain Electromagnetic (VTEM) Survey over South Telfer Project
scheduled for Q2 2021
? Hasties Heritage Surveys scheduled for Q2 2021 to enable maiden drill program

GUN is still well in the money on its circa 20% investment in RCR, but price has dropped back to IPO levels with RCR MCap £6.8m (A$12.3m) with £3.8m (A$6.8m) cash ... enough to fund 2 years exploration as per their ASX prospectus.

This puts Rincon in screaming bargain territory !
AIMHO APR

Really interesting price dynamics with both gold and silver testing multi-point support trend lines and gold breaking below strong support at $1,720 is not good news for PM producers. However, copper current strong uptrend has stopped but forming strong bull flag as it consolidates before it makes another move up.
ATB APR

@dannysawyer Welcome to the BB. Some good informative posters on here.
ATB APR

Just a bit frustrated with the recent heavy AAZ SP drop given they are a polymetal producer of gold, silver and copper. It also looks like the market has now fully discounted the potential upside from the 3x previously disputed Azeri licence areas producing anything in the foreseeable future.

Hopefully as the status of these areas and associated resources & mines becomes clearer with a route map to production then the SP will react accordingly as the potential upside is considerable.
ATB APR

@lobsi I went through HL

LOL just love MMs. My 6m Buy has been marked as an "Unknown"
GLA APR

oh nice price has just broken 0.245p resistance so lets hope it holds to close.

Drop seems overdone here with low AISC and polymetallic gold +Silver +Copper nature of AAZ resources. 3x disputed areas look to have been almost fully discounted so market is not expecting much contribution from them near term
ATB APR

@sanboy Completely agree.
Topped up heavily today following upbeat RNS and move to revisit & extend existing JORC copper resource.
GLA APR