Member Info for Bottmzup

I've just redone my chart and it suggests the breakout level was 2.25 I don`t know what you`re talking about, if resistance is at 2p then it broke resistance...at 2p, and closed above. There is no specific detailed price that is identified as `the` breakout level!!

Hi Mk, yes 2p was providing support in July and Aug but broke down. So then it would have turned into a resistance level, but now that price has passed through that you`re right that it should now provide support again..hopefully. The only thing to point out about todays rise was that there wasn`t a great deal of volume so tomorrow will be significant as to whether the rise will be sustained or just a fakey breaky!

Mkx007, if you`re going to use technical analysis jargon at least get it right otherwise you sound foolish. You said...All aboard guys!! Tickets have been purchased and we going for a ride. First support at 3.2 3.2p is in the middle of nowhere, but if you`re referring to the previous low on 3/4/17 of 3.3p then it would be resistance now, not support. Roles reverse, previous support becomes new resistance if price goes below...resistance becomes support if price rises above! If you`re talking about the previous high of 3p on 11/9/17 then that too is resistance, not support.

Ha ha ha...you really are quite a buffoon bbr, I sold these way over a year ago at above todays closing price and happily traded with the funds. So how can I have egg on my face for not sitting on a massive loss for a year only to now be back to breakeven??? Unbelievable! They made a profit of $55,000 .......WOW!!! This share has been jumped on by the day traders and rampers driving price back to where it was a year ago.... with a fall in revenue!!! The same faces ( or faceless) traders and punters did the same with Graphene Nanochem and ECR Minerals a few months back this year...pumpers and dumpers! ...then leavers! Lets see who`s got egg on the face after the daytraders have had their fun and left the building. You really don`t understand how this all works bbr, these players will not hold this company for long and you will continue to hold all the way back down, guaranteed! Speak to you in a few weeks. :-)

http://www.bbc.co.uk/programmes/p0597sw5

cadellin, the data feeds are only a guide, they do not guarantee how they are categorised, thats why they carry this disclaimer... Disclaimer All analysis on this trades page is intended only as a guide and its accuracy is not guaranteed. It should not be used for investment purposes. It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For example, a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in the 'unknown' column. Please also note that many investors are able to buy and sell within the spread and also users of level 2 systems will actually be buying at the perceived sell price, these trades might therefore appear to be wrongly categorised. So unless all trades were yours then you do not know for sure if they are buys or sells...the price changes all the time!

cadellin......500.000 plus more bought today than sold looking better people are picking up r/cheap So how do you know that 500k more bought than sold...you don`t!

No reason why they can't carry out numerous drill programs over the 2 australia licences without burning through funding. ****************** Not sure how, they have to be funded somehow, machinery and vehicles need fueling and maintained, wages need to be paid and so on. It all burns through funds...its not free!

Davbro68, No not a buyer, I`ve taken a hit with these before and then recouped some losses by buying more when the price was at 1p and selling them at 1.8p. I see a possible jump if imminent drilling results are exceptional but its a gamble and I have interests in other types of sectors at the moment which I think have a good future ie desalination of water. ECR may have a good future but its a long road and buying another licence just says to me that it`s like having another baby....they need feeding, so another money pit and therefore more fundraising needed until the real revenues roll in. If they ever do!!

eshaitan, don`t forget that a placing isn`t all one way traffic, it has to be paid for in shares and that`s what dilutes the shareprice.

As to why the sp was never going to take off like a saturn 5 rocket back a few months ago. But there was a frenzy of speculation and mad buying on nothing more than pump and dump games. I did try to analyse and give a sensible overview at the time but just got shouted out the door! This was my post back then.... Was that an attempt to hide the real reason for the fall? Plenty other stocks up today, but this one fell because of the discounted placing at 1.8p, and the 55.6m additional share dilution which is equal to adding just over 40% more shares in issue from 137m to over 192m! This company always did like a good dilution because they have never enjoyed any revenue to speak of, that`s why the volume was above average today which is people running for the exit knowing that they will probably be able to buy their shares back cheaper after the placing shares are admitted to trading on the 16th June. My guess...1.45p mid price low so 1.50p target buy for most bargain hunters. IMHO, do your own research. ************************ So now that it has come to roost maybe some of the over rampers back then will accept that this company`s share price was always going to need time to develop, and all the posters that ****ged me off can now read it and weep! The road is long, no matter how good the team are. And the market doesn`t take prisoners.

RNS anns?? Todays feeding frenzy? No comprende!

I know, Costello was the clown and Abbot was the straight man! So the answer is...a Clown!

This will probably have more of an influence on shares that do actually have some gold coming in or a proven resource of a decent size.

Todays shares in issue is still 137m so x1.85p = ~£2.6m The new shares (Chinese) don`t get admitted to trading until 12th June and the placing shares on 16th June.

Which ones are?

On a reality level, there`s your news flow....and I did get something wrong, I forgot that the shares issued to the Chinese will now put the shares in issue up to almost 250m! So almost double what they are today! Early moves in todays sp confirms what I said yesterday and todays RNS reinforces it, huge dilution, no new news due other than declaring the names of the new Chinese board members and announcement of the `start` of drilling! Results from that drilling program are months away while recent funds raised are to include being used for the dreaded `working capital`!

Was that an attempt to hide the real reason for the fall? Plenty other stocks up today, but this one fell because of the discounted placing at 1.8p, and the 55.6m additional share dilution which is equal to adding just over 40% more shares in issue from 137m to over 192m! This company always did like a good dilution because they have never enjoyed any revenue to speak of, that`s why the volume was above average today which is people running for the exit knowing that they will probably be able to buy their shares back cheaper after the placing shares are admitted to trading on the 16th June. My guess...1.45p mid price low so 1.50p target buy for most bargain hunters. IMHO, do your own research.

http://www.proactiveinvestors.co.uk/companies/stocktube/7520/obtala-takes-step-up-the-value-chain-with-woodbois-acquisition-7520.html `We`ve made it no secret that we are not happy being a sub $100m market cap company, and want to push on to being closer to a $1bn market cap` Great acquisition this morning and shows that OBT now has very big ideas!

Well the market likes it, a nice gap up on this news. Sailing quietly under the radar with no big spikes, just gaining credibility for the future, building a big operation in the right way and credit is due for not diluting the shareholders along the way. I wonder if the clown who tried to talk down the company a couple of months back has any credibility left at all! Proactive`s take on todays news.. http://www.proactiveinvestors.co.uk/companies/news/178237/obtala-swoops-for-us148mln-timber-trader-178237.html