Member Info for d_l_r

Mcfirth

I have just looked at the chart for SOLG.L and the difference between that and CRA.L is that before SOLG took off in 2016 there was significant upward volatility on the long-term monthly chart in 2007, 2009,2010,2011 and 2013 which was an indicator of a potential long term upward movement.

There is zero upward volatility in this stock and the weekly highs during the past few months are almost a perfect negative straight line of product moment correlation -1.0.

If anybody is seriously thinking of buying this stock any upward volatility would be unlikely to last but at least would give an indication of a possible inflexion point and would allow entry on something more than a wing and a prayer.

This stock is the definition of deflation.
Why buy today when next week, or next month, it will have fallen another 50% from today's levels?

Next stop 1.25p

Buys coming in? lol

I did warn last week that the technicals did not look good on the charts and forecast earlier this year that 5p then 2.5p was looming. Next stop 1.25p

Copper fundamentals are irrelevant.
This "company" could not produce cupcakes, never mind copper.

Mcfirth....a glance at the weekly chart shows this stock is heading for a tenth successive week of declining highs.

If there was to be a move up I would expect to see some upward volatility, even if not sustained it would suggest an inflexion point might be imminent before a longer term upward move. There is virtually none.

The ask price has relentlessly followed the bid price down during the past few months and there is little indication that is about to change.

I admire your optimism, but optimism is not a trading strategy.

As our resident mining expert Geology Student let's hope your view trumps mine.

There appears to be little correlation between the underlying copper price and the performance of this stock.
The technicals on CRA suggest another price drop is more likely than a price rise.

Rather like a junkie needing to score another fix, the company needs to raise another £20 million before reaching Shangri-La.

Those mugs known as shareholders are the obvious choice.

My post on 6th February 2018

"For those who missed out on topping up at 10p when this stock relisted there will be plenty of opportunity to top up as it heads down to 5p, 2p and 1p..."

Next stop 2.50p
2.50p, next stop

At current share prices the market cap of VAST is currently four and a half times that of CRA.

However, I do admire your eternal optimism Geology Student, and who knows, maybe you will be proved correct in due course.

Vast Resources [VAST.L] is looking infinitely more interesting than this pile of s***e.

ps next batch of hot air from CRA scheduled for 13th September.

"It's the inane repetitive ramping one liners of drivel that sticks in my throat"

I have to agree madsktpan. Only a fool would invest in stocks such as this based on the (mainly) drivel that is posted on this board.

Stock forums on the internet are full of bottom feeders swimming around in the dark depths.

Geology Student remains admirably upbeat, and does at least try to quantify his optimism.

However, let's face it. If the opinions on this board are worth anything the people dispensing them would either
(a) keep such information to themselves for profit or
(b) be highly remunerated in the financial sector for such insight.

On the contrary.

The underlying copper price is almost irrelevant for a basket case stock such as this.
The fundamentals of sound management and manageable borrowing costs/debt is far more important.

If the clowns who run this shambles ever tick those boxes then the copper price might become significant.

Moving in the right direction?

This stock is on it's knees, at historically rock bottom prices.
And there is absolutely no sign of anything changing.

As mentioned a few days ago my technical analysis shows a possible tightening in demand for this stock. The bid price has moved up (slightly) today for the first time in a long time. Far too early for anything definitive but a glimmer of light at the end of a long tunnel....

After the relentless gloom surrounding this stock on a purely technical note there are signs the stock may be bottoming out before a possible move north. Early days, but maybe light at the end of the tunnel.

Wise words from GoCopper

Cradle Arc set to surge................. only joking :( My 5p price target of a few weeks ago looming ever closer as it plumbs new depths this morning at 5.75p. Beaufort, who were pumping this stock for years without any remotely credible reason, have bitten the dust. Cradle to the Grave....

For those thinking of "topping up" it would be best to wait until this stock reaches 0p before doing so....

I think you have hit the nail on the head, so to speak, dropinmonkey, Even if this is the most productive copper mine in the world this company has acquired substantial debt on totally unfavourable terms to shareholders, who are at this moment in time almost irrelevant.

Thank you Geology Student. Enjoy your day.

I appreciate your diligence regarding this stock Geology Student. You are either much more knowledgeable than I am on this, or you are a company stooge, or you are simply talking bs. Let's hope it is the first option.

Corrosioneer - to stick or twist is always a tough call. I am 80% down on my original investment and I purchased not too long prior to suspension. I am not going to take an 80% hit but it could of course wind up as a 100% hit. Not impressed.