George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
I'd tend to agree with that. 2 days now of buying with some FOMO buys coming in plus what looks like an order book from someone who fancies 200k chunks. Onwards and upwards.
Should be strong support at 7 10 now, next trigger point at 8.12 with weak resistance , pass that could see us hit 9p again. Onwards and upwards.
I think I posted last week about patience being the key which is the basis of making any decent profit. Let's be honest all the news to come had been widely discussed so I don't u derstand people selling when they know good times are coming. And an argument of trading this is not really realistic at these levels unless you are investing big sums like the top brokers.
Secondly, as mentioned by a few techies it was over bought and needed a few days of sells to step us up to the next level and consolidate once more.
Yep I know plenty about MATD, I've traded on and off over 12 years and my current holding is at 3.55. We're all entitled to our observations, whether based on technicals or news. For me the more insights you have the better.
There is a possible gap fill on the technical charts that the MM's may use to drop this a little further. Trading opened up higher on 13th than the previous days trading close. We could see a drop to 6.92 and then I would expect to see a bounce from there. Check the MATD charts on here - Candlestick on the technical and 1 week chart.
Today was a tester for some here. The free float here is obviously diminishing slowly with all this interest. The MM, s will try every trick over the next few days now they deem this a good thing. Add to this the obvious interest of other investors and we have the perfect ingredients for market manipulation. Now is the time to sit tight. Don't get tricked into selling for a cut price. We may wait longer than we think for the EL. Let's face it over the last few years we know its not the Mongolian way to rush. In the past we have bounced around between 2p and mid 3's and people have held their cards. Now we must do the same again but at a higher level. Good things come to those who wait. Don't get conned out of your holding, we know which way this is heading.
Knocking on that weak 9.12p resistence again soon. Looking good.
Bloody phones, useless for posting ??
Not really Oilfarmer, there's plenty of technical charts on this sight which you can use to deduce areas of weak and strong resistance. The old saying nothing trades in straight lines is so true. I'm not posting to put people of, just I'm forming. I'm here at 3.55 and have been here for 2 hrs waiting for this news so obviously like you look forward to the big pay off which will surely come over the next 12 months.
Trading later today could be important. With possible news next week (although I believe it will be longer) there will be a possibility that PI and traders who fear missing out on a big rise may pile in during the last hour, I've seen this a lot. On that basis we could well stay around the 9p mark if this drops slightly in the meantime.
9.12 weak, 11p weak, 13.28 tougher, 22p tougher, 38p. That's the technical pivot points I have.
I said earlier that weak resistance at 9.12 and we've already tested that, amazingly early. Next weak resistance I can see is 11p. Could we?
Giving the way this has traded all week and the weak resistance at 9.12p I'll be pinning my end price taday at low 9p's.
Next weak resistance at 9.12p. Onwards and upwards Rodney!!
Charts show weak resistance at 8.12 and then 9.04. I fancy a finish today of just short of 9p.
Sitting pretty here at 3.55 so double money now. Had a brief look at the charts and weak resistance at 8.12, 9.04 and then on to 11p. Could well be double digits by Friday.
Well let's see where the SP finds strength this time as it tests mid 3's. It turned back at 3.50 last time and went on a short run. While we wait this will happen regularly. I didn't get another chance at under 3.50 to add more so we shall see.
Will be in tomorrow if it drops past 3.40, currently holding at 3.55 so would be well happy with that. Definite manipulation for MM hoovering job IMHO. I've been here over a year so not worried by these little dips.
This is great news and dont let anyone tell you different. Anyone who has brought shares recently just hang in there, don't be swayed by cynics and short termers selling for a quick profit. If anything this may end up a chance to pick up more shares at what will be in a few months a cut price. The RNS outlines the fact that MATD are prepared and ready for all the agreements that the Mongolian's need to tick off. Give it 5/6 weeks and I believe we will be sitting pretty. I'm in at 3.55, if the chance comes to buy more in the mid 3's I'll be doing so, that will probably be a long shot though!
On a foot note - 10 years ago this share was well over a pound regularly based just on its assets at the time. A slightly different t market then though, unfortunately.