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Most patents I believe expire in 2030, some twenty years after they were applied for in 2010. So they have around 11 to 12 years of life left in them. Mines usually run for about ten years or so from when they start production, so assuming we get some take ups on licensing deals this year and next, then the patents will cover the life of most mines. So actually there is not a problem. This means that other mining companies who decide to be number two, three, four etc after the first breakthrough miner to sign up for the AXM technology, will be covered for either all of, or pretty much most of the life of their mine.
go - delayed buy of 5.3m !
know. I just sold 1m @0.1325p. Nothing more than I need some spare cash for next week. I still have 40 million.
Looks like they are getting ready to go higher still, as chesh said just a £500 buy puts the price up.
The 14 day RSI is still only at 61 and no where near overbought yet. I'm looking for well over 80 and possibly even 90. Clegg said within two weeks and the two weeks is up today. However, I think as Ravenox said we can give or take a few days. Tomorrow perhaps or Mon/Tuesday next week?
here and now, so i'm concentrating on that. Clearly for whatever reason that deal in 2012 didn't work out, I mean would you trust the French anyway! So, looking forward it looks like the week ahead could give us all something to get excited about as far as AXM is concerned (and also England v Croatia on Wednesday).
As I said last time on the chart update I don't think AXM is going to see its 40 day cycle peak on Monday 9th (day 22) it looks like its going to be later on in the week, so anytime after Wednesday 11th (when England win...??). So it should right translate quite a bit this time. The point also to bear in mind is that when we get the RNS (assuming Cleggy was not lying - he looked pretty definite to me at the AGM about the two weeks) the price is likely to go higher for at least another day after the announcement. For example it rose for another two days after the Accudo RNS licensing agreement RNS nearly two years ago and for another day after the China patent RNS back in March/April 2016. Now any patent news just delivers a short lived spike, though the Chile one on the 3rd July has been different, given its an important one, plus its occurred during the up phase of the cycle.
Also, what suggests that we still have a bit longer to go before we get a peak is the fact that the RSI is currently only around 56. At the four prior cycle highs it was 87, 65, 72 and the recent one 82. Note that the highest level of 87 was reached back in November when the price topped out at over 0.18p. The next at 65 (early January) was quite a bit lower - this reflecting the fact that the short term trend was down until the mid February low. The mid February low was when six cycles of varying timespans from 40 days to 9 years bottomed. Since then the RSI levels have progressively risen (72 then 82). So, there is scope and the likelihood that the next overbought RSI level will be over 82 at least and maybe 90 or over.
That suggests a sharp rise on Thursday/Friday, possibly even into the following week.
project detailed at https://www.deepsouthresources.com/wp-content/uploads/DSM_Presentation_June_25-2018.pdf
pages 20 to 25 are the relevant ones. Serious stuff this.
Well, I don't actually think there are many big investors. Its just a collection of nominee accounts through various brokers. My 41m shares are held in a nominee accounts plus a lot of other invidual holdings. I met someone at the AGM who had 30m, plus some one else who had between 50m and 100m.
I think most investors have probably got in the region of 5m to 10m. The directors only really have exposure through options. It has been difficult if not impossible for them to buy the shares outright as they are talking to so many companies on a regular basis. So they are permanently in the 'closed' period and it would be illegal for any of them to buy shares and being privy to price sensitive information. I have tackled Martin on this subject a number of times and I can appreciate their situation. Clearly, the recent award of 94m share options among directors, employees and consultants was meant to address this problem.
So I think not having skin in the game so to speak is actually in this case slightly unusual given the obvious potential, which is massive, but is as far as we are all concerned a positive as the reason for the Directors not being able to buy shares outright is that there are many potential deals in the pipeline, two of which, at least, are close to getting the green light.
Lastly, it is possible that 6p may occur in two years, but I prefer not to dwell on such guesses. Just stay with the trend and run it while the trend is up. See what happens.
Still looking good folks!
While its about three weeks since we had the golden cross of the 50 and 200 day mov avgs, both of these are still rising, despite the three day dip down to 0.1125p ending on 26 June. Since then we have rebounded, helped by the bullish AGM meeting. The 40 day cycle is due to bottom on Monday 6th August, however, we need to get to the peak of the cycle first and we haven't seen that yet!
The exact halfway point i.e 20 days is on the Monday coming up. However, as the cycle has got underway a bit late(courtesy of the recent dip) it is highly likely that the peak will right translate. So that means a peak somewhere between 22 days and potentially 28 days. (next Weds 11th to Thurs 19th). The latter figure is based on the number of days in the last 40 day cycle that the price took to reach its peak (0.16p) once it had closed above the 200 day moving average. That last cycle also saw its rising first half start late (like now) and thus the scope to keep on rising beyond the actual halfway point is valid.
Also I have factored in the overbought condition of the stochastic indicator. In the last cycle it stayed maximum overbought (100) for 8 days once the price took out the 200 day m.a. We got max overbought on the stochastic on Tuesday when the price closed over the rising 200 day m.a. In the last two cycles it stayed overbought for 8 days, so 8 days for the current cycle takes us to Thursday 12th July. So we could peak either on Thursday or Friday of next week. That sounds to me like the Alan Clegg promise of within two weeks for a Sivas deal RNS may well be kept, though right down to the wire on say next Wednesday or Thursday.
The possibility of a final cycle peak up to Thursday 19th July is maybe less likely but possible. For that to happen, I guess there would have to be an almighty speculative fervour taking place in AXM shares because everyone has suddenly realised the significance of the deal. I think that 'everyone' may not yet be involved because it takes time for the penny to drop across the whole trading and investing community. I kinda don't think the news of this breakthrough deal is going to hit the mainstream media just yet.
Having said that I think there are enough investors who are switched on (not just us who post here) to take the price into the 0.20's on the Alan Clegg Sivas deal if he is true to his word at the AGM. Alternatively, maybe Accudo trumps him or even comes on a day or two later. Now wouldn't that be nice!
Yes thanks D1nger, don't mind if I do, i'll have a custard cream please!
Correction 2nd paragraph 3rd line...should be Monday 9th July
Ok, the chart. The golden cross is still valid and the 200 day mov avg is still rising. The 50 day has levelled out, but still over the 200 day, so the overall bias remains tilted to the upside. Its taken a little bit longer than I thought a week or so ago before the top of the current 40 day cycle is reached. So far we are 13 days into the cycle (from the cycle low of 0.12p). We did of course see that low pierced first on Monday and the bottom occurred on Tuesday. It did something similar on the previous cycle low - when it re-tested the cycle low about 7 to 8 days after (though didn't dip under).
So, the price has now begun to recover and it looks to me that its probably going to trend higher now (it got very oversold on Tuesday) maybe not up every day, though it could. The mid point of the cycle comes in on Monday 9th August which is when a short term peak (like the previous at 0.16p) is due. This is also within the two weeks that AC mentioned! It may be that an RNS comes out either on the 9th, or maybe Friday 6th July or perhaps the 10th. I can't predict that, but what I am saying is that cycle timing seems to coincide with what Cleggy was saying about the go button being pressed for Sivas. We'll see!
Moving on though and looking a bit further ahead. Don't forget that I have identified 5 other cycles of varying lengths (timewise). The longer the cycle (the max I have found is 9 years) then the greater rise to the cycle peak (or in other words the amplitude. Dusty, this is all in J M Hurst's classic 1970's book on stock transaction timing. What he also says is that it can take a while before the bullish influence of a longer term cycle kicks in. Anyway, what is very very interesting is that all six cycles (9 year/4.5 year/18 month/9 month/6 month and 40 days all bottomed mid Feb 2018. Of these, the 9 year/4.5 year/18 month/9 month are all going up, the 40 day too, that one looks to be kicking in now. The 6 month or 26 week is falling. However, that is due to bottom within a few days or so (maybe a week) of the 40 day cycle bottoming on Monday 6th August. That means that from around early to mid August ALL six cycles will be going UP and by then some of the longer cycles may then start to kick in. That means there is a very good chance that the AXM share price will be starting to go ballistic.
So i'm thinking that the really big rise won't start just yet (maybe it spikes up a bit in the next couple of weeks before profit taking drags it back to the cycle low date around early/mid August). I could be wrong of course and sorry if I am, but it really does seem to be stacking up that way. I really don't think those who have been selling in the last week or so understand what may soon be about to happen.
Correction to line 5 of biggest paragraph....annual revenue of $340million. So 2.5% of that is $8.5m.
Well, back again at last.
Whether its Accudo first, saying they have funding, or Deep South Resources acquiring 75% of the Kapili Tepe polymetallic copper project ("KT Project") in the Sivas Province in Turkey (which will most likely go up to 100% by the way according to Alan Clegg) is not known by anyone yet and that includes the board. However, currently it seems to be Deep South and the KT project.
What seems much clearer now is that both projects seem to be very very close to having the green go button pressed. Martin did say that he is in regular contact with Accudo. Accudo is of course a private company and thus they have no obligation (unlike quoted companies) to give regular updates. There is a lot going on behind the scenes with Accudo, and Martin did say that (I forget his actual words) basically its looking pretty soon now. Alan Clegg (who has invested a lot himself (£ hundreds of thousands) by the way in the Sivas (KT) project), put a timeline of within two weeks. And he sounded very definite on that. No airy fairy.... should be by the end of....etc etc.
Also, I asked a quite a few questions and to be honest if it wasn't for me doing so (mainly on the Sivas Turkey project) then we wouldn't know the likely annual production of copper of between 50,000 and 75,000 tonnes. Well I suppose someone else could have asked that question but hadn't up to then. So, with Copper currently around $6800 a tonne, that's gives annual revenue for the project of $8.5m (using lowest figure of 50,000 X 2.5% royalty). Ahem that's about £6.5m with GBP/USD around 1.30, and compares with AXM current mkt cap of £2.4m. Obviously that won't happen overnight more likely three years away. But it outlines the tremendous potential (which we all recognise of course) and its nice to get some reasonably realistic figures to work from. I have said this before somewhere I think that AXM is probably the most undervalued share on the London Stock market. Once the catalyst is triggered this is going ballistic. I doubt it will do it in a straight line (sorry to disappoint some of you...I am a realist, getting more cynical in my old age, but recognise an opportunity when I see one. Plus don't forget I have known Martin for nearly 30 years.
I'll follow up with what the chart is saying after this in next post.
Sorry for delay in posting....got back and now dealing with domestics. Will try and post later this evening.
So my signal may die soon. I have further to post. Prob after 5pm
Cannons you are right, it looks like the Sivas deal is the one. Alan Clegg was very adamant that DSR is going to acquire the 75% of project in the next two weeks. That means start of pea then $7500 per month will start to flow.
I asked the board during the meeting what one out of Accudo and Sivas projects will be the first to provide the game changing catalyst that AXM needs. Martin was a bit unsure of which would be the first game changer, but Alan Clegg was very clear that it was more likely to be Sivas. Two weeks according to him and we will know!
If you want to go, then e-mail Martin and ask him if you can attend. Explain your circumstances, I don't know what they are.
Ah well I presume you are referring to your accountant being very HOT with figures as opposed to being very HOT in terms of his figure. (shame it wasn't a lady, seeing as I prefer the fairer sex). Also, so are you coming ICL1960 ?
if not why not?
Morning dusty. The Company's Annual General Meeting will be held at the offices of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS at 10.30 a.m. on Thursday 28 June 2018.
I presume you don't have a share certificate, your holding prob in a nominee name? No matter, tell Martin you are a friend of bikwik, you'll get in.
Yes, maybe someone knows something, wish I did, still may find out at the AGM. Are you coming James, seeing as you asked the question?