Member Info for Bottmzup

why don`t you two `chase`r`round until one of you gets a `stride`a the other one...and have done with it, 4 xmas!

Strider, my TA observations of 2016 that predicted the big fall was not a `project`, it was an honest view of charting rules and indications, I was vindicated but got absolutely slaughtered by the Solgers.

I`ve just had a look at the WRES chart and actually its showing a very strong continuation pattern known as a flag!
Strong bounce in a verticle line (flagpole) followed by a slow decline (flag) as profit takers take some off the table.

I don`t know anything about this company, and don`t intend to spend time researching, but purely on a TA level I would say it is showing a strong sign of a further rise from todays 0.5p to the recent high of 0.72p.

Lets keep an eye on it, for a bit of a laugh.

It wasn't long before his pals, with a gang mentality, were insulting from all directions!

Ha ha ha, I know how that goes Strider :-)

Since Sept `17 the KDNC share price has lost two thirds of its value from 0.38p to 0.12p today...so what have they done with all the proceeds of that sale?

Directors salary?

There is only one reality reading here, and thats the share price, because the market doesn`t lie.
All the investment case bullet points in the world can`t change the fact that the share price is again in a falling trend, and has been since the BHP 45p investment.
If price doesn`t break out of the fall soon then it`ll be time to go back into cash and wait for the next RNS.
I did say last week that a break, and `CLOSE` above the 38p resistance is whats needed, but, now the significant line in play is the falling green upper channel line in the chart below, so a close above c37.5p is the new desired target for positive sentiment.
If a strong market moving RNS is not out soon then I fear a break of the short term yellow rising line to the downside before any upper resistance is challenged with any force. In turn then the next stop would be a retest of the 34.5p level, and that would throw up red flags for many traders, and some investors, because it would be the 3rd test of that level in a month.
Of course there is also the red dotted horizontal channel, bouncing between 34.5p and c38p, a good 10% trading channel, but if price breaks out of that channel to the downside then a return of the 30p bargain hunters would raise the volume significantly, which has also been in a declining trend during this two month downtrend.

https://www.tradingview.com/x/7WhWxeze/

Oh no, not the dreaded Investors Chronicle recommendation!! A bit like a football teams Chairman having` faith` in his manager...a bloody curse!

Looks like the message is getting out there...

https://www.proactiveinvestors.co.uk/companies/news/211143/bacanora-reckons-lithium-demand-is-growing-much-faster-than-it-originally-anticipated-211143.html

First thing I thought of when I read this was that it was probably an old article which has been regurgitated today to try to offer some positive news, because it has no date on it...but no, having done a bit of Sherlock Holmes I found it was issued this morning at 9:23!
Good find Groucho, and should help potential investors and/or lenders to get involved quick smart before they miss the opportunity.

I think the consistent buys alongside the consistent price drop from about 35p soaked up a decent amount! Buys were confirmed several times on this board and I also did dummy trades plenty of times to confirm they were almost all buys.

I can`t see these getting on board with a specific job of raising the required funds if they didn`t think there was a very good chance of success, they don`t have to agree to the job.
The Chairmans statement sounded very positive re the type of asset they have and the low cost of recovery in a world rapidly turning to electric vehicles etc so it has to be a no brainer that a big player would want to have a piece of the action. Citigroup shouldn`t have too much fuss finding eager investors, or access to debt.

With a target timeframe of Q1 `19 to raise the other half of the funding required this looks like a very good price to be getting in since they have already received commitments for the first $240m!

...takeover anyone?

Any lovers of music excellence, pour yourself a drink of preference, sit back and drift into another world.
The genius Jeff Beck wrote this in 1975, and somebody has put together a spectacular collage depicting their representation of his delightful piece. Delightful, enjoy!

https://www.youtube.com/watch?v=wZAusokFHb0

Also a 1-2-3 reversal, confirming a fakey breaky :-)

...in TA parlance

..or beartrap as some call it! :-)

Strider, yes you`re sort of right, I`ve been adding, or building a position during the downtrend in CNR, as an investment strategy. Its my only remaining longer term investment and no I didn`t expect the fall to carry on as it did. But it turns out that a big sell was being put through and the price consistently fell without anybody knowing why, although the big seller theory was discussed constantly on LSE. When price was attractive enough the Directors and main investors piled in soaking up the whole remaining sell order, hence the recent recovery, I did add during the fall but not at the bottom because I already had enough for one stock. I`ve held shares for around 2-3 years and only sold once or twice, but soon bought back in.

I don`t trade with all of my portfolio, its a mix of both.

The sentiment is so good now that yesterday it was one of only two shares I either hold or watch that actually rose, during all that turmoil!!

Very exciting times over there now after a long wait for permits and a strong relationship with the locals....have a read of their recent RNS`s and have a look at Mark Childs` presentations and interviews and I dare say you may be tempted at the current level, specially with the big seller out of the way.

Very happy to hold for the outcome of the funding for building the mine, which could very well come from processing feeder pit gold through one of the other miners in the district, so could be a producer sooner than the market realises.

Back to Solg, I`m more of a trader here, so my stop loss is still a break below 34p, and my target is 42p minimum, with a view that a decent RNS could send it higher than that and would test my TA attempting to ride any rise as high as possible before selling.
All depends on the `flavour of the reason` for any rise ie if I`d have been holding when BHP added at 45p then I would have been watching that level like a shytehouse spider to see how price reacted to it, and then sold somewhere above c42p because it never even peaked above 45p and clearly got sold into.

Next news could be better than that....or not!!! Ha ha ha!

All eyes on the RNS feed then.

Cheers degsie

Yes ok, so is appointing Citigroup as a joint broker just to accelerate the process or is it to throw the net wider to possibly encompass other options rather than just a placing?

When they announced a placing in the summer they only had one broker and planned on bringing in 3 `placing agents` in the transaction.

Maybe they`ll clarify some of guesswork going on here at the AGM...maybe not!

So does this webinar still exist or has it been pulled...can`t find it!

If, or should I say, `now that` they have most likely been discussing the options as to how to raise funding for months on end, ad infinitum.....would they have gone down the road of appointing Citigroup and Canaccord to organise a placing, or another way of asking the question for anybody in the know...do they `have to have` a company/broker such as these in order to organise a placing in compliance with market rules or could they have just announced the intention of going ahead with a placing and have then appointed xyz company to arrange it for them?

My point being that they must have decided a particular agenda, or considering a set of options, to raise the required funds and so wouldn`t have needed to appoint two big `houses` if it was just to organise a placing!