If you have done your research you would have noticed that there is a move from growth stocks to value. I can name you now companies that are poised to do well this year at least 20% all in the FTSE 100 not the AIM casino. You'd have to wait at least 2 years to make a 100% perhaps profit here although I strongly doubt it.
Today, after a failed attempt on 17/01 to breach the long term declining line (just touched it), CNA has convincingly breached the 74.3p resistance at the trend line and is sitting comfortably above @ 75.38 as we speak. CNA is heading upwards to fill the gap dating back to 12-21 Feb 2020 (shown on daily chart) which is @80-82p.
My Q2 forecast remains at 90p.
Slowly and steadily CNA is turning the tanker to the right course helped by the current energy environment
RE: This Is Where The Journey Begins …..1 Feb 2022 16:50
Flavourshaker, Find one of my posts where I didn't predict this shambles. On the other hand the resident "Boiler room head" keeps on dishing out pie in the sky valuations coming out of his rear in order to exit gracefully his position. Know how to read people. I have been fairly robust in my views and so far I am correct
I sold as soon as the deal was announced. I knew not to trust the BoD and their track record in not delivering PI value. I still believe that there is a good resource but laugh at the hopium still being pumped here by some. Do not worry the big insti's know how to make money and if things turn sour they will not loose. I still maintain that none of the BoD actually want to be involved in building a mine. They are deal makers, powerpoint guru's and paper pushers.
This job is for the big boys and I think that there will come a time where someone will acquire the lot at a bargain price.
By the lack of responses I suspect none is the wiser. Let me for fun speculate a bit here. The BoD are most likely $hiting their pants because they have a deal and now they actually have to get something built or done. It's not as easy stringing people along when building a mine where there are clear milestones and precise engineering tasks. They have been used to stringing along PIs all these years and now the real work is about to start they are hiding behind the sofa. They are clueless as to how to go about it and they are scrambling to see who from the investors can help.
All this because really they were hoping for someone to come along and make them an offer they couldn't refuse.
Now they have no excuse. The Head of Projects has been in place for months now. You would have thought he'd be eager to produce some sort of milestone plan or at least some announcement to say they are starting work. All I seem to hear is that they bought some scrap metal machinery to use. Smoke and mirrors.
Sorry haven't kept up to date. I occasionally check to see if the price has my 5p in front of it as I estimated a few weeks ago. Its proving to be elusive but my PM analysis suggests we are coming in to weakness so I still think 5-6p is doable.
Now please does anyone know if a project plan has been produced and mine build has started? Seems like everything is sorted finance wise now so I don't get why the further delays here. Have the BoD bought any shares to back up this "transformational deal" ?
Tom please put your money somewhere useful and go contribute there. If you put it again in MKS mind the gap at 196-209p. Looser. ITV will have a great set of results people are watching more of the mostly trash day time TV because they have nothing to do and the studios produce great shows. Just what the masses want. Incomes are squeezed but ITV (bar the licence fee) is free. Loads of ad revenue.
Someone ousted Carolyn to please Tom and someone gave Nige his 1.60 so he can move on from his trauma of capital erosion so we can all collectively move on on this useless board
Where's the good old conspiracy theories of IvorBrosky and speculation about ad revenue coming in from the next big sporting event? When Is the World Cup guys? Let's get some hopium going
Clutching at straws here. Value, if there is some, always comes out irrespective of broker. Santa Rally ends 2nd trading day of January by the way, not that we had one here. Still believe that 5p is incoming