Member Info for Chartist2

Decent sum-up.
Been here before too!
In fact, been at 40ish too (and I've been at 300ish too and sold).

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"Tremendous rise, but just back to where it was months ago - and remember, it's a long time before any real money starts flowing on this project. So far , its all just platitudes and frankly , an MOU with the Chinese is simply that, it ain't a JV or a Cash takeover that's for sure, as Leyshon Resources found out the hard way, back in 2010.
Much Caution Required. (from someone who has bin in & out of this for at least 10 years.). And that's without all of the Climatic & Environmental concerns - which are considerable. IMHO. DYOR." martina07

"While i wish everyone good luck i think this rise should be traded and not bought into. While the MOU is a great thing, talk of £1+ is disillusion for now. MOU's by the Chinese get signed all the time and half don't mean jack. Phulbari is a great resource but there are several thousand people living on this land at this present moment and an election in less than 3 months, do you know of a politician that wishes to commit suicide BEFORE an election? After an election is always preferable as they have 4 years to make it go away. I think the price will stagnate for a while then fall back to 25p once the dust settles. There is no green light yet and the government have made no signs of encouragement this just adds to the readiness of GCM if this decision is signed off, and as such could come to nothing. I'm guessing GCM will announce shortly the cost of the MOU as this wasn't free and if the green light is given then shares will be produced by the millions out of fresh air just like SXX.
I hope i am wrong but i doubt it." Fusion98 - 12 years in

Ronin, hey, next time you come over here and write/explain everything in my language, okay!? : D

"And if they had placed their short at higher levels then they only profit once they've closed their position."
Rest assure that those 6% shorters we saw this summer started shorting when this was 900, 800 and 700p. "Close their position and leave"?? This only takes seconds. After that, if the signal is worthwhile, they don't leave, but instantly open a new short position.

If its true that KAZ has "zero" shorts right now, I would expect a strong rebound from here. IMO institutionals are de-risking, because Trump & China could come up with some sudden agreement...
You wouldt want to be burned as a shorter :))

"Shorters often get burned."
Ronin, what you mean are private guys, who make only small number of shorters.
The main gamble is done by Barclays Capital, Goldman, JP & the club, and in the vast majority of the cases their software gets its right. I bet some of those guys stayed short all summer long from 900p down (while we were chewing nails and hoping), and now they seem to be closing their positions and cashing in.

Think about it, what are these guys doing all day. Its mostly just pattern recognition, statistics & algorithm, and many of these guys don't know / don't care what your share is all about, and still buy it:
youtube.com/watch?v=2u007Msq1qo

If KAZ shows a valid upside breakout (551), we would see large numbers of investors alerted by and piling in.

Rastuss, please observe that many pro-shorters close their positions on a daily basis. Or weekly. And then they start again and again. While their buy back will cause a very small rebound, these guys instantly open new short positions if the downtrend TA signal (or bearish news) is strong enough.

Look at KAZ: While it has seen small little rebounds since the crash in early summer, the Sp nevertheless continued on its way down. No, you don't want a share with lots of shorters in their neck! The best idea is to buy companies that give no reason for shorting:))

Take a look at Tesla: CEO Musk even resorted to "fancy news" i.o. to get rid of shorters. Remember? He announced that Tesla could be delisted for a massive premium (paid by Saudia Arabia), which caused a massive share spike and killed off shorters. For a while...

IMO "they" have managed to get new ii's to come and buy in here (on the cheap).

27-Nov-1814:33:234.20 / 445,00018.69kO
27-Nov-1814:32:514.25 / 250,00010.63kO
27-Nov-1814:32:204.20 / 250,00010.50kO
27-Nov-1814:32:014.20 / 250,00010.50kO
27-Nov-1814:31:454.20 / 250,00010.50kO

My compassion to all private guys who have been pushed down severely and forced to leave in the recent months!!

Great feedback, freeheel!
Also nice to see the weeklong selling surplus finally leveling out:

2,092,024
2,423,863

Wonderful rise, but I strongly doubt that "Hasina" will give the final go ahead anywhere near term. Unless of course someone will be paying off the "anti corruption" PM.
Just my opinion.
But good to be here at 20-30 ish again, where we have already been for months and months and months!

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"Huge resource and Really all coming together after years waiting..." Baxter

Well done, Maverick!

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"Today was better than my expectations. Taken a nice chunk off the table for the tree shake we will no doubt see."

The Sp is now back where it was many moons ago, when I sold 29ish. And before that I sold GCM at 45ish and later 35ish. Lets see what happens.

But I doubt that GCM will get the license grant near-term. Too steep political issues, involving local people as well as global warming aspects.

But who am I to say anything: IMO just let the share price speak the truth!! If it leaps from here (29p) with a two or threefold, then there is more to it.

Great observation about the short-positions, Petalta!
Given this monthlong (unfair political) downward pressure on metals, it looks like bigplayers are preparing for a rebound. Sooner or later the desire for one of the most important commodities will reappear: copper.

@Rastuss, those short positions are easy compared with "pain in the neck" for KAZ Minerals. Shorters can sit on our back for as long as they want and keep profiting. Eversince this summer traders were building large short positions, which can be an early indicator for further drops. I think someone here mentioned 6% of Kaz shares being shorted then?
Todays decreasing short percentage (down to zero!) obviously suggest a higher share price. Or it simply tells you that ii's start to de-risk because there could be a commodity bull run anytime ahead.

Very nice run-up towards Christmas!

Yupp! Last round this year the company issued warrants to "unsupportive hands". Recently Christian confirmed that he has given them to "supportive hands". (I can only speculate that it went to certain officials IMO :))

Vol. Sold
5,854,267

Vol. Bought
2,059,372

Truly sorry to hear, RJ !
And what about GPback? What is your opinion now on GCM? You must be invested bigtime since all those top-ups as from 40, 35, 25 and 20p down.

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"It’s been nearly 2 years and my 100k has turned to 30. So I took some out to invest elsewhere. Hopefully I can buy some more if my other investments come good."

Technically things getting a little easier with every week, as we are slowly approaching the trendline. IMO - next buy signal if 550.50 climbed - large wave of buyers possible if 557p climbed & held - in this case rise to 597 and 625 No advice meant. Dyor on LSE.

Well said, George. You know, the commodity market is showing a monthlong overreaction. Usually happens when all sort of speculants jump on the train... Just recently I noted all sort of bank ads, pointing to the shorting chances of further drop in commodity/copper. Tells me that copper could soon stabilize and even rise again. Like many on here I think we are in for a strong copper rebound in early 2019. And KAZ already shows signs to establish its long term uptrend again. Its still a hold, IMO.

Well, you've asked for it! Thats a fat 12% spread once again. Ask: 0.80

Sp holding up very well. Lets see if there's some sort of rally towards December... ------ "Goldman Sachs said Monday commodities could surge around 17 percent over the coming months, with a fast-approaching G-20 meeting cited as a potential launchpad for raw materials. A dramatic sell-off in commodities comes at a time when traders are closely monitoring a flurry of market drivers. So far this month, oil prices have collapsed on intensifying oversupply concerns, metals have fallen amid worries over slowing economic growth and investors continue to fret about the ongoing trade war between the world's two largest economies. "Given the size of dislocations in commodity pricing relative to fundamentals with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base," Analysts at Goldman Sachs said in a research report published Monday." Cnbc

Good to see! Hope that Schafflytskis company wont bore you out of your mind (they are very good at that :)) Didnt know this gang issued so many shares to themselves!! They've probably been selling down from 1.00p in recent days. --------- The YA shares need to be cleared first then there's the 190m+ options the BOD recently award themselves at 0.42p., 0.6p and 0.9p to come. That will keep things range bound for a time.

Still bouncing a bit. New life only if 9.90 - 10.15 climbed and successfully held.

Honestly, who is sheveling 100k sells out his window at 4.20? Astonishing to see on the screen onehundred K shares for merely 4k. Or its 1M, for just 40k! Or maybe just 35k at some point in the future? :)) Interesting time to build a long term holding.

Where have all the rampers gone...? Flightman, you up in 30,000 feet, steering a british airways jet right now?

Lets hugg the new record: 52 Week Low 4.25 (26/11/2018) Pathetic describes it well! And very painful for LTHs who have large 30 or 50k worth in here from 10p, and holding since oneandahalf years... Back in Janusry quite a few here seemed to be "all in". Hope you'll manage to carry on!! IMO the absence of directors statement tells me they will wait until Mines&Money, and restart the share ramping from there, as soon as new ii's on board.