Member Info for chasf

well, it is being bounced between 30 and 70 RSI (without crossing), which you could trade alongside, unless you're worried about an RNS arriving to run it up quickly during the time you're out, because it takes a good few days or a week to slide from one position to another. Not that a sufficient RNS ever really happens, but still.

That's just a progress review to ensure that any queries by the Ministry and/or Company have indeed been clarified adequately, from:
" The Company has completed the assembly of the information requested by the Ministry of Mines and has started conducting meetings with the Minister and his team to clarify any aspects. The Minister has agreed to a progress review at the end of July 2022 to ensure a satisfactory outcome;"

"You are right, the licence was extended till end of July'22."

Where did you get that deadline?

I'm enjoying the heat! Nice dry heat, and lots of it.

Ah, I see that trades can be corrected via the Exchange if the price is far out of line with the current price.

Funnily enough, someone at 13:19:39 presumably because of finger trouble just sold 759k shares for 0.0658 each, which is less than nominal value! Presumably meant 0.658 but mistyped it.

18-Jul-22 13:19:39 0.0658 759,272 Sell* 0.628 0.653 499.60 O

Whoops! Mind those decimal places when sending or receiving quotes and DMA orders.

Nominal value here is 0.1p which gives plenty of room.

The only reason for a consolidation is to pull up the share price above the nominal, since shares can't be issued below the nominal value, but that's unlikely to be a big problem here.

The only reason the price is 0.58 (outside bid and ask) is:
15-Jul-22 10:11:29 0.58 9,500 Sell* 0.58 0.649 55.10 UT
apparently the result of an intra-day auction, presumably sparked by a moderate purchase much higher up.

FWIW, IG is now showing 100% long (a periodic short by 2% IG holders has once again been closed).

I'm afraid the 0.66 to 0.68 was just because some people pull orders just before the auction. It didn't produce a price, so the last A trade kept it at the sunk price.

I think the umbrella agreement is significant, and the to-do list in that RNS wasn't Herculean, and everything should be ready well before the end of the year (ie, October), but it's true there is enough time between now and then that people think there's plenty of time to buy in before that.

I really did honestly think we'd be 0.90 again by now.

Those orders on the ask could just be those trying to take profit now from stuff collected from those deep dives down into the 0.50s. There hasn't been a single trade in the book today so far. (Very similar to yesterday, where there finally were a few.)

"chasf. Just so I understand what you mean by 'so much on the ask below 0.70'"

Bid is the buying side, which is currently clustered round 0.60, ask is selling side, with a cluster round 0.66, about 1.9m, including 1m at a single price (might be several orders in there).

"I've noticed you've changed your tone a little."

Further exploring in new SA fields is surely going to cost something. They're relying on the warrants to fund various things, but they're currently nowhere near being useful. I'd be happier to be well out of the 0.60s by now, though. It seems a strange level at which to be stuck. That's why I sound slightly nervous. Still, it's only a fortnight from getting the umbrella agreement done, things seem to be going well in TK land, and I imagine there will be significant things announced in a week or two.

All this exploring is nice, but.

Independently of that, I wonder why there's now so much on the ask below 0.70, last two or three days.

"Waiting game here IMHO!"

It always is, here.

Let's just get an RNS about something to do with TK that's finally done and not likely to be revisited. Receiving money is always good.

It's funny about the RSI: I've always used a different set of fancy-pants indicators, but a glance back a mnth or two at the board with the RSI displayed suggested it was naive to use a sophisticated measure with this one, and indeed the sophisticated approach was to use the naive (umm, "straightforward"?) indicator. (Don't worry, I never used candlesticks, or pregnant emojis, but I am fascinated to follow British Bull's observations.)