George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
But was it at the bottom ? todays bottom yes, but are we finished yet I have my doubts.
May well have a blacker day yet if my 1.33ish line gets hit, which looks possible in the near future, all's not well here that's for sure and we don't know everything do we. The markets trust is not easily won but very quickly lost.
Bouncy ball I would think question is how big will the next bounce be ?, 10 weeks to get down this far so no falling knife, weekly line is still down a bit yet so a wee bit to go before we're there, maybe another week to 2 should do it, although the daily is looking like it needs a wee bounce so that may slow the weekly down a bit more.
I can see that but no matter what the sector in general will have a dragging affect upon mwa and yes they are making good money from nickel and will have even more profit from it once the smelter is up and running but alas there is always a but, the market will not be overly keen to price that in just yet, its seen to many juniors stumble at the last hurdle so in reality better not to be priced in before the event so there wont be a dramatic drop should there be any delays. Meantime 2.3 offered to buy so its as good a place as any to start.
You just need to look to the bigger producers and see they are not immune to the price of nickle, gold etc and I'm pretty sure holders of these will be saying they are now under priced, its what the market as a whole that matters and that is reflected in the share price and on the charts. The half year results may help stop or slow the decline but if the mining sector in general is still on the decline thats all they will do, needs the sector to turn before any real gains will happen here. Meantime if gold breaks below 1180 the lower quarter of the 1100s will be seen then its quiet possible for mwa to see sub 2p.
Ah but what is greed ,hanging on hoping for a higher price to sell or selling once you've seen it rise from 1.05 to 4.09, myself it makes sense to sell after a rise like that then wait and watch for any changes which may affect the retrace, gold, nickle price and the market in general are all going to affect it one way or the other like it or not, you just have to look at the big producers just now to see that. That aside the chart has been pointing to a line closer to 2 than we are now with another line below that if things turn real nasty, which at the time I did think na must be wrong but here we are not so far from it now.
Could of course be something simple like a name change, i.e, TPOT as in chocolate teapot, they are as much use as one so as well carry the name.
Whatever the reason its a pretty poor way to treat the shareholders, everyone is now locked in until Tuesdays so anyone planing to get out or average down has had it now, they have shown complete disregard towards shareholders the way I see it, 4 trading days lost to all. Think they must be going for the most suspensions record within a year or something like that.
to many crab and lobster pots about for them to live long and fruitful lives, I was thinking more along the lines of catfish etc ,
feeders normally live the longest ;)
15% s awa and behave yourself , there is a fair bit more than that to be had here,abate short term but then most trades are unless of course your a long term investor, plus of course it give people a chance to average down and reduce their losses. Nothing wrong being a bottom feeder by the way.
so much negativity, what goes down must go up once its oversold and more so below cash value, yes it will fall back again and bounce around a bit but that's all part of the cycle.
MMs make their money on the spread, they buy and sell they certainly weren't accumulating shares.
Hourlys on the floor, daily almost there worth averaging or having a punt at this price for the bounce.
Not really news, nothing that was not already known about , we knew through Antrim that the SIFT was going to be used, and most people know there would be a problem of conflict of interest with the Wood Group involvement with ABTOG, had it been news that they have resolved this issue it may have been better received, as it is its pretty meaningless RNS as well can see with the market reaction, or lack of.
I should have taken the last bounce if you could call it a bounce but that's the way it goes, there will be a bounce but will it come at 6.5ish or 5 - 5.5 that's the question,looking at the chart it may well be the lower of the 2 if no news comes very soon. .
Its good see the expenses are ever rising, had they had some real production out of NF to cover this it would be fine , as it is WG, RMRI ( another Minty co, so he'll be ok, win win for him ), and GCM all come before the share holders :)) says it all.
I wouldn't really call that news, certainly not the news we should have had by this time, that's for sure.
Chins always up, as I'm only a penny above the sp its easy for me to average down and get out whenever, its the people higher up I feel for as its looking like everyone been taken for a ride here, fairly typical AIM share , dont believe half of what you are told and don't hold to long. Hope all is well with you.
gone no news and we back to the lows, no news and where to next 5.5ish. I think it will need more than news of any agreement with the Wood Group to kick start this now, all that will do is give a spike up and the way a lot of holders are feeling just now may see everyone running for the door.