Member Info for Bottmzup

DG1, it wasn`t just the gap closing that caught my attention, I never trade on just one signal. See screenshot below.

It was the rising trend line in bright blue, the yellow dotted support/resistance level, the gap closed, and the strong rising 50 day exponential moving average in sexy pink!

https://www.tradingview.com/x/6VUpImvD/

As with all technically driven trades there are no guarantees of success, but having a few ducks in a row is best for loading probability in your favour.

Tomorrows open and first hour will tell whether it was a good decision or not, and a quick sell at a small loss is not off the table if things start looking negative....and a buy back lower could be plan B ie c30p being the obvious next support level.
I did say I may add on further weakness, but having had a longer look it would be a better decision to just sell and wait for a lower bounce.
Plenty of liquidity so no problem selling, as well as a low spread % so a viable choice.

Well with price dropping down to pre `BHP 45p news` level, so gap closed, it had to be worth a punt with December coming up!

...dipping my toe in today after the retrace from the 45p BHP news, and todays drop!

Any more weakness and I might even dip in again.

:-)

Shares in CNR are now half price...half the price they were after the peak of the rise following the announcement that they have been awarded the permit to go ahead with mining their vast gold find.

There has been no collective selloff by private shareholders...why would you after waiting so long for the said permit. Some might say that its just a case of `buy the rumour sell the news`, but this manipulated sustained drop in the SP is way overdone and a tad hard to understand for us mushrooms, and the only difference with us mushrooms and `normal` ones is that we`re not being fed any shyte! Which is my point really, we`re not being told anything.

The share price is being maniplulated, when you consider the low volume of trades compared to consistent erosion of market cap.
Post permit high.....c£32m market cap (46p)
50 day average volume traded since then 44.3k/day, so around 220k/week for 10 weeks = 2.2m @ an average price of about 35p....so total value traded since permit c£770,000.

And yet £16m in market cap value has been wiped off, trading today at 23p!

You would think that market rules would dictate that some sort of statement should be released, you know, the old `we know of no reason why the drop etc etc. but I suppose that doesn`t apply on AIM.

Can`t see it being shorted to the extent needed to drop the SP so far, especially when posters on here have confirmed buys listed as sells, therefore probably majority of trades around the same time and price on any given day are also listed as sells......and then duplicated!!....to make it look like a higher number of sells!

Definitely something going on in the background, whether a large seller or an orchestrated lower price to fit in with some sort of funding agenda, JV, placing, or takeover whatever is anybody`s guess.

So until us mushrooms get `fed` its half price, buy one get one free!

Yes, been `sitting` here since Mercator Gold Australia, a 100% owned subsidiary of ECR, was released from administration 4 years ago...but it ain`t going anywhere, in other words it is still sitting in the accounts ready to be offset against future revenues....so hardly useless.
It makes up a big part of the reason why the new ECR started exploring in Australia, because thats the only jurisdiction it can be used in.
If the Aussie Govt were to say to new explorers `you can come and explore in Australia, and the first AUD66m of revenue is tax free` they would have a stampede on their hands!
A lot of promising targets with confirmed gold already so nothing to say some near term cash flow production from near surface gold is out of the question, all tax free of course!

Some people are cup half empty, some people are cup half full.

Yes all exactly the same price, and all but the 4000 at the same time which was 15 mins difference. The 19964 was one second difference!

Obviously huge manipulation of data...for whatever reason.

I see their doing the same with `replica` trades..14,246 x2 20000 x2 19964 x 2 4000 x2 and then including them all and coming up with 240k volume!
Some of those don`t show on the trades page on this site but the 19964 does!! On MoneyAM all of the above are showing twice.

F88king devious `see you next tuesdays`!

Just more smoke and mirror tactics to create a fake idea that more people are selling at this level. Why?
If there`s a seller wanting out then so be it, but why pretend more volume is going through than actually is....a`holes!

Should have said `quick food` not just sandwiches as their sole market, but you know what I mean.

Seems a bit odd to me when someone moans about a share they hold because all they do is make plenty of surplus cash!
A bit like a supporter of a football team moaning because they always win 5-0, its never an interesting 2-1 or a draw!

So they make cash in a pretty one trick pony market, all they can do is sell more sandwiches, but you know that, so why keep holding, there are plenty of dynamic companies out their...which incidentally was the word used in the sale of US arm RNS, saying the extra cash left over would allow for the `potential for dynamic capital management`.

Also, some people may want to watch the daily share price moves to position themselves for the best entry for a swing trade..say 4-6 weeks, or a special dividend hunter wanting to grab as many of these babies as possible for the budget they have....and many other strategies micro or macro economic.

A day trader buys and sells on the same day, as the name suggests. So you don`t have to be in only one of two camps ie day trader or long term investor, there are a plethora of other types of `trader` who benefit from buying as low as possible and selling as high as possible, regardless of timeframe.

You sound like you`re part of the soul of this company, 100% body, mind, and emotional heartbeat, like a football supporter devotes his/her life to following the team they love with all the ups and downs it involves, and wouldn`t dream of changing colours.

Have you considered moving on to a more dynamic team (?) because you seem like you`ve run out of hope here...but then go on to summarise by adding... `anyone who gets in now could bag the special dividend and still see another 50%+ gain`.

So what is it that you want?

So conversely, if it doesn`t hold 16p, will it be extremely bearish going backward?

How low...touched 14.75p yesterday so where`s the short term bottom?

I`ve got 12.75p as my best guesstimate.

Yes agreed, and the `robust levels of demand across the group` due to the flexible model of acting as both funder and broker probably helps too.

Way undervalued, a good one for the bottom fishers.

Greencore shareholders approve $1bn sale of US business https://www.irishtimes.com/business/agribusiness-and-food/greencore-shareholders-approve-1bn-sale-of-us-business-1.3689431?utm_source=dlvr.it&utm_medium=twitter … via @IrishTimesBiz

The ECR team is aware of the very significant interest being shown in energy metals and minerals for battery technologies and general electrification demand.

Hmmm, sounds a bit Lithium, and there`s ****loads of it in Aus!

https://www.smh.com.au/business/companies/australia-tipped-to-soon-produce-more-than-half-of-the-world-s-lithium-20180427-p4zc5h.html

Also read a rumour over on the BCN discussion.....The word on the street is that both BP and Shell are both sizing up lithium acquisitions as they look to put their strong profits and free cash to work. They have gone public with their EV charging infrastructure ambitions and are considering their "upstream" options.

Maybe ECR are being very smart looking to join the future Lithium demand. I suppose they are called ECR Minerals, not just ECR gold!

They might go for a rename...EleCtRic Minerals!! Ha ha ha...

Yeah, fake news when it comes to todays volume!!

Utterly disgusting how the data is false and misleading, I`d like to nail someones gonads to a nice piece of teak!

Average over the last 20 days is 28.4 thousand per day, last 10 days...24.3k....today, (accounting for mis reported double trades) way in to the hundreds of thousands! Hmmm?

Maybe we`re close to an update.

So you get all philosophical with some quote suggesting I am stupid, then tell me to wind my neck in when I prove what I was referring to was right!!!

Unbelievable how quick people can lose control these days.....calm down.

Regarding your Hanlons Razor insult, ie Never attribute to malice that which is adequately explained by stupidity.

Maybe you should have clicked the trades data on this page before making such an accusation.

Oh, and visit MoneyAM for double declared trades, it might open your view.

Not sure what you`re seeing either, if you click on trades data on this page you will see the spread of 4p bid 30p ask 34p, and my data re replications is on MoneyAM, currently showing total volume of 331,324.

So you make my point really, confused data readings depending on which platform you visit, current spread as reported on this site is 13.33%.

Another double buy of exact time and price details, 10000 @ 30.08p at 13:15:07, lets see if the previous `sell` of 20034 gets replicated.

Blatant middle finger to honest shareholders.
At least Dick Turpin wore a mask!

They also seem to be listing all trades twice to make it look like a major selloff, absolute corruption in a modern day blue ribbon democracy...supposedly!!!

The worst thing about it is they can just get away with it.... and there`s nothing you or I can do, apart from buy at this artificially low level of course, and reap the rewards of this shady smoke and mirror scandal.