George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Also don't think they know how many tests they've done. 630k with nearly 200k positive. Usually it's 1-8 to 1-10 positive v negative. So either suddenly everyone is testing positive or they are heavily under reporting testing.
Just not sure comments like if it drops below a channel then it will go down more are particularly useful. Its between xmas and New Year, volumes are low, prices are volatile, and the world outside covid wise is getting grimmer by the day. Technicals couldn't be less useful at ths time of year in my view. Focusing exclusively on technical guides is an incredibly dangerous approach at the best if times, nevermind christmas trading hours. Too many people just only looking at lines on a chart, chart says has to do this, has to do that. Not picking anyone out with that, just in general, way too much of that going on, and its exhausting to read it everyday. Chartists are like gamblers, you only ever hear of their wins, which will be 50/50 at best. If people stopped looking at charts and looked at the news we'd be trading at over £10, not at some mythical chart line support/resistance/ma/fibonnaci point.
Impossible to technical trade NCYT successfully and consistantly, and I for one am sick to death of hearing of channels, supports, resistances, and the worst of all gaps. Every single up day is now a gap in the eyes of amateur technical traders. Sometimes I read comments on technical indicators on here, particularly gaps, and I want to scream, most people don't even know how they really work but comment as if they are the worlds leading experts. Twitter mind you is a million times worse, some absolute liabilities on that, I'll be kind and say they just dont understand technical trading, but more likely they just spout nonsense for attention.
Something definitely iffy going on lately. Only thing i can think other than some underhand shenanigans is that the mm's are short of shares for their buffer so are trying to create a price environment to reduce the net loss of their holding , or rebuild it. Its easy to rebuild when prices tank quickly, but its difficult to rebuild in an uptrend, other than by little tricks keeping prices in a range, or shifting bid offers suddenly. Certainly unusual behaviour last week or two. All irrelevant at the end of the day, fundamentals speak for themself.
Some interesting trading patterns today. Bid and ask being moved about significantly to try to get hold of shares, being red on a day when all covid plays are up 15-20%. Such games... It's getting quite old this behaviour, just put in that takeover bid and stop messing with the price, no one is interested in selling.
Macro news is ignored by the market at the moment, it only cares about micro news. Could be 100bn pcr tests demanded by the US but we wouldnt budge an inch, unless we get a new lamp in the marketing department or such nonsense. Irrational markets
Given omicron is the dominant form in a number of cities now including london, and also in Scotland. I think we can take that number with a pinch of salt if we have 100k total known cases cases a day... Real number is probably c60k confirmed and treble that unconfirmed.
All it does when they make this crap up is to dissaude me from taking it. If they came out with the honest reality then they'd get a much higher take up. They should just hold their hands up and say look, the boosters aren't great, they are better than nothing and will help some people but its 50/50. Rather than swallow this golden pill and all your dreams will come to, they are pathetic. 1st dose 95%, then oh you need another and you'll be 95%, now take this booster and you are covered. Never ending lies, rant over.
To be fair the lower league team I support picked it up because they held a community event with players to support the local kids. So it's not always because they are taking the mick and going on a jolly...
Covid raising its ugly head on football again. Leicester, Brighton, Spurs, Brentford, Man Utd, Norwich all have multiple cases and asking for game suspensions. Also seeing lower league is getting a kicking from it. We are back here again, thats what happens when we let our guard down on testing.
The difference with china though is if you want to enter the country you have to fly in via designated routes, enforced quarantine and daily pcr tests whilst in quarantine. thats if you can get a visa. Even international chinese travelling home have to obey the same rules. Get one case in a city of 10m and the whole city is locked down and has enforced pcr testing for 4 days, no exceptions. So yes, they have few cases, but they also have few liberties. Theres a middle ground, and that ground is not pandering to the airlines needs of limited testing. That worked a treat didn't it Mr Shapps
That would be 1.3m total tests, pcr was 564k. Still a crazy high number and record setting, ad to that half the country couldnt get a PCR test due to unavailability because of demand. They are also scrambling to increase capacity. We will likely see 1m plus PCR tests a day by Jan. Thats just the Uk of course, given we supply globally, to some of the largest population centres, I think we can all see which way this is going for NCYTs income and hopefully MCAP.