Member Info for bonker99

That's handy :)

See if you can get the impending DFS NPV & IRR out of em if you're there - they must know it by now :)

Copper steady still @ $2.90, gold being sold off - fingers crossed for a trade deal being done cos then I like $4 and this will proper fly.

Mmmm Brent price @ $20pb cost, yummy!

No worries - GL - just remember that a Golden Cross is just one TA indicator out of many - I shouted the impending Golden Cross a few weeks ago but it wasn't what brought me here in the first place at 9s ;)

Any charting software will show you the typical moving averages (20/50/200 etc) that most TA people monitor - Pro Real Time and the like.

Sure - in layman's terms it's the average price of the last 2.5 months (50 trading days - MA50) moving higher than the average price of the last ten months (200 trading days - MA200).

In short, it implies that if the last ten months or so has been a sh*tshow (before my time here but I believe that to be the case!) then the last couple of months have been far better looking in terms of future prospects and implies a particularly bullish outlook over the coming months.

Many traders will use computer tools to screen thousands of shares for such a "Golden Cross" occurring as it implies the odds could be heavily weighed in their favour, even if they know nothing about the company or the reason why such a pricing change occured - that alone puts it on the radar of many more traders/investors.

No one size fits all as per but it is a key bullish technical indicator in its own right.

HTH

Well not this year we won't lol but what if they've got a handful of c25kbpd Vanji wells running by this time next year eh?

That's unfathomable amounts of cash mate - the current suggested $1m pm cash from the recent drill/1,500bpd is, hopefully, just the start - with continuing drill success at the deeper horizons, Djeno & (KILLER ...) Vanji, then you're looking at multiplied production followed by re-multiplied production on an exponential basis.

Ifs buts and maybe's as ever but you can see how it *may* play out over time - if they get a flow out of Djeno later in the year for a c5kbpd flow per well then they're not going to have an issue raising more cash at teens (16s per chance?) to upgrade the kit above ground to handle the flow because you'll then be talking about something like $5m cash pm coming in and that pays for a lot of kit above ground and plenty of ongoing stabs at getting into Vanji deep underground for the dream hit(s) ...

Funny old game ;)

"Pleased" to see my quid shout from a few months back come in today but hope not too many of y'all got caught out today :/

Looks right - that rising Golden crossed MA50 is up around 10p now with the relatively flat weekly MA50 @ 10.3p which is likely new support now perhaps, not that any of it matters if someone is buying regular 900k chunks of course but the two do tend to go together - a GC MA50 and big buying to make-it-so :)

The next news drop could well see a return to upper teens to seal the deal imo.

Nice bit of blue for the day - see what turns up ...

Well they're obviously confident - that's not muppet money.

Don't worry, I translated lol

Not that I can't be cheery of course ;)

She's going by the look of it.

A very bullish indicator I should add!

The GC is an indicator, not a metric in and of itself.

I still maintain the same upper teens/upper 20s targets here as I've always had.

@ woody - had to drop it to 9s to collect enough shares first before declaring of course.

Kilkenny up to 6.01%

Sqweeeze ;)

LOL

Yup - squeezed.