The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"Sp hasn’t dipped sin 1.10 for weeks so obviously good news around the corner"
Really?
This stock traded at 1.078 at 0947 today and from a technical perspective there is a danger of breakout downwards to new all time lows.
What an excellent post Seadoc and a pleasant change from so much nonsense posted on these boards.
It is also amusing to see the lack of civilised discussion on these forums. Apparently I am D**k according to one articulate commentator below.
Actually in contrast to many LTH's who have probably been stuck in this stock for years, I did buy MSMN.L a couple of weeks ago and sold last Friday for a tidy profit. I may well re-enter this stock.
If the technicals tell me too.....
It is amusing to read those here who think MM's are in control of the market. They merely facilitate the market.
If they could suppress the price have a look at MXO.L in the same sector. Up 800% in two weeks.
ps by the way Mosman may have solid long term credentials but as a technical trader the chart is telling me it is going to correct to 0.20-0.30 in the near term
madsktpan
Just to set the record straight to answer your unfounded allegations.
I do not post under different pseudonyms.
I have no idea who on earth CW10 is or was.
All of my posts have been under d_l_r
Check your facts in future before making baseless allegations.
Neither do I troll.
I do not have a crystal ball, and as a heavily diluted shareholder
in ALO I had no interest in the gradual decimation of the share price.
My well argued and reasoned posts have been accurate throughout this year.
This will be my last post you will be glad to hear.
Serious traders do not need echo chambers where contributors hear only hear what they want to hear,
and simply dish out abuse to those who tell them what they do not want to hear.
"Cradle Arc has not been suspended before.
ALO was suspended for 15 months."
Of course this is essentially the same company.
ALO shareholders were hugely diluted when relisted under the different name of CRA.
I was an ALO shareholder.
It is not non-holders who are sad....
It is stocks such as this which bleed shareholders dry.
And much of the drivel which has been posted on here.
The "directors", having hoovered up shareholders cash, will announce insolvency
and restart again under another name.
Wait for the next RNS?
Good luck with that one.
The last suspension in December 2016 lasted for 15 months.
This stock has lost 94% of it's value since it was relisted in March last year,
never mind the collapse in value during the past few years.
There is a reason it is cheaper than one sheet of toilet paper
Meanwhile, the directors have been doing quite nicely....
"they are not showing as buys"
It does make me laugh when traders think there is a big difference between a "buy" and a "sell".
Each and every stock market transaction involves a "buy" and a "sell".
Earlier this year when CRA.L was trading at 10p, I said "next stop 5p".
When it was at 5p I said "next stop 2.5p".
When it was at 2.5p I said "next stop 1.25p"
A 50% loss in value every time.
You get the picture.
At all of those intervals some transactions would have shown as "buys" and some would have shown as "sells".
It was all irrelevant.
This stock is on it's knees at record low levels, and 99% of the value has disappeared in a few short years.
The market cap is a miserable £2 million. Barely enough value for a few paperclips.
For a b****y mining operation. Or so they tell us.
Rio Tinto has a market cap of £81 billion. To put it into perspective.
Yes, Cradle Arc may turnaround. Stocks do. In which case, good luck.
However, if you look at the probability it is much more likely to be in a death spiral.
If you want to buy more, wait until there is some evidence of some upward momentum.
Or find a stock with much better prospects.
Christmas is approaching. I like gin. Fevertree tonics now appears in the supermarkets.
If you had invested at the beginning of 2015 and sold in September this year you would
have multiplied your money by a factor of 20.
There are other stocks out there.
Don't keep buying CRA.L just because it is so b****y cheap it must be a bargain!
There are signs on the chart that the market is tightening, and that (in the short-term at least) the price has bottomed out.
For a stock that has seen very little liquidity since re-listing volume levels AFTER another sharp fall yesterday are the highest since re-listing, so "someone" is currently buying.
AIM is rather like the wild west in terms of regulation, and stocks can be driven down by predators with a view to buying. In the longer term this could just as easily be a death spiral.
"But gotta hand it to d_l_r, he said it would not 1.25 and we are thereabouts. Where from here ??"
gazshot - I can take no credit for this since I no more have a crystal ball than you do.
However, I did not take the "follow the money" advice dished out here,
but simply looked at what the chart is telling me.
I do not understand the fundamentals of this company.
What I do know is Cradle Arc has zero credibility with a CEO in a win/win situation trousering £100k+ p.a.
and having to debt finance at way way over the odds for a mining operation with supposedly such strong future prospects.
The most likely outcome from here is either yet another dilution to magnify shareholder losses even further or bankruptcy.
£50k to £2.8k = 94.4% "loss"
Ouch
Apologies for the typo "0" the other day.
Planning another top up when it hits 1.25.
Planning to put my house on this and currently negotiating a re-mortgage.
I have just topped up with another 1,000,000
At these prices it would be rude not to :)
It must be a bargain at these prices.
Time to fill your boots and do some more "topping up"
lol
The spectre lurking here is dilution to guess what,
raise another £20 million to make the mine "profitable".....
Rapacious companies such as CRA.L keep on coming back for more until they have bled the shareholders dry.
Rather like the Marxist "shadow chancellor" turning on the printing presses....
This sure is moving now....lol
All time low price for ALO.L/CRA.L of 2.275 price traded at 13.30 today
Whatever is coming out of the ground in Botswana the market does not think it is copper.
ps I wish this stock was sufficient liquid to short it.
"Total crap mate"
Thanks for the constructive comment.
The charts do not predict "machinery breakdown".
But what the charts do tell me is that the market seriously does not like this stock, or future prospects.
That may change of course, but there is absolutely no sign of that.
ps I would take the "machinery breakdown" with a large pinch of salt.
Companies like CRA.L can peddle any old s***e