Member Info for cluelessinvestor

Richard has no idea what he has signed up for haha.

My point in mentioning TILS was more about the stagnation in the share price, being stuck in a trading range whilst the wait for news and the panic because we were a few percent down due to the spread, not the type of company TILS is compared to EUA.

Both of you clearly didn’t take the in the context of what I said, scoobie half the day you’re ramping here and half the day you’re deramping, you must be trading EUA.

If anyone watched TILS during July, you would have seen a pattern of movements between 95p-110p with a 10p spread, huge buys going in every single day yet no real movements of the SP, then it all it took was the big RNS and it heads off into the distance.

It's just a waiting game for now, and it makes sense, there is a market being provided at this range, people want to get in thinking what a lovely bargain, but at the same time people want to get out for the day, make money somewhere else then come back anticipating that news is still a while off.

Eventually news will come, and that's the day where if you're in you're in, and if you're out, then you are out, happens all the time with stocks that have huge potential.

ferg, it is irrelevant when the spread is this high, buys were going in at 24.0 today and then followed by sells in the 22s.

With movement like that, you are bound to be a few % down if you rack up a few sells late in the day, but the price can also move to 24s and past 24s very quickly.

Just relax a little, things are fine.

Lack of patience will also cost you money.

Imagine you piled into Kodal today at 0.10 thinking boom time and then a EUA RNS dropped at 2:30pm saying recommended cash offer...?

Like Eminem said, be smart don't be a ******. (not you just in general)

Makes you wonder now, why was NN removed from the last RNS

"located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula"

"deposits near base metal and PGM processing facilities close to the town of Monchegorsk on the Kola Peninsula,"

Context is everything, especially in an RNS, I guess all will be revealed soon enough but whatever happens I can't see news being too far off now.

I found the quote in the RNS quite interesting:

"We are also encouraged that institutional investors are investing at the market price. This fact, together with our production expansion plans and the progress on our license applications, strengthen our position in the Formal Sale Process that we are focused on now".

Key emphasis on: encouraged by investment at market price, and strengthens our position in the FSP

I had 75p-£1.00 in my head for a long time, but also as time has gone on, when you start realizing the scope of what's going on behind the scenes, I think £1.25ish is a realistic target at this point.

If anyone sold out today at 21/22 and had to buy back at 23/24, today has been an excellent education for you.

Within an hour, up to 23.50, down to 21.77 and back up to 23.50...

It's squeaky bum time, next week will be fun.

I would err on the side of caution on the side of caution with that like ferg.gg said, probably just a click bait.

Sold out John?

One other point,

If we are to assume that the BOD didn't want to release that Flanks RNS yet, then it makes you question even more, why would IIs pile in at 22.5p?

If they were forward sold, they were sold at what, 0.5p per share profit from the Tipil announcement?

If the Flanks announcement wasn't made, the price would have continued slowly floating down due to no news. Maybe just staying around 21/22p until we heard more news?

The placing for me was such a vote of confidence, and then to see large shareholder add to his holding by another 337k.

I can't see any sense in an instutional investors piling in millions to only sell for a 3-4p profit, just think for a minute, there must be a medium term strategy from any instution, not just throw in a lot of money for a punt on a RNS for a licence that was all but confirmed anyway.

They shaked it the tree just minutes before the AGM announcement...

Gecko I feel like we will look back in a week or two when a further announcement comes and think "Ah, this is why the last two RNSs seemed a bit muted".

I fully get where you are coming from, but the BOD have earnt our trust over quite testing times.

Hear a lot of peope mention about PEEL holding the price down, no idea how the MM business works behind the scenes, but what do PEEL gain from being lower than the others?

I guess it puts more emphasis on the phrase "Further announcements will be made in due course".

I think something is brewing for sure, let's see what happens over the next 1-2 weeks.

RNS 1st July 2020: 'By May 2020, the application had been approved by all federal bodies including FSB and Ministry of Defence and awaits a sign off by SevZapNedra.'

RNS Today:
' is pleased to announce that the Monchetundra Flanks license has been approved by the regional licensing body, SevZapNedra.'

Key phrase: regional licensing body

Ultimately, patience always seems to win in the end, it shows time and time again in the stock market.

I mean yeah you can trade to get some extra shares here and there but what if you are out when the big RNS drops? I'm sure some people have been out at 17p to then watch it go to 23p or those who went out 21p the last few days and now see it at 25p. Painful to say the least, but it's the risk you take if you can't stay put.

I've mentioned it a couple times but I was in and out of NCYT, granted a bit of a different situation because I saw it more of a spare change punt than anything else at the time especially of the ever changing nature of Covid-19, but I was in and out of it at £1.15 only to see it go to £4.

I would say always read into the finer detail of a EUA RNS, it always gives the hints you need for upcoming news, so maybe there is some sort of significance to NN being left out of the RNS, might just be to suggest that NN aren't in the running and it's left the doors open for other parties.