Member Info for DestituteBroker

Hi Spud, I was wondering how you were doing. Great to hear that your making some money, what it’s all about.

Hi Joe, So are you implying that the income stream is drying up ? What would that entail ?

Share price currently down 32.53%. Not exactly the result that investors expect from a PFS. A lesson to be learnt here.

Big drop on the Bid to 3.255, due to sales at 3.423 pence.

Hi Ary32, AMC is predominantly a PI investors stock, but occasionally it offers traders an opportunity to make money.

Hi Geng, I assume that you are drawing a comparison with the 2015 rise ? At that point in time Crede was completing selling it’s latest allocation of shares, around 30 million. The difference then was that there were no further new shares to be issued for a period of time, also a Pro trader was buying the shares for ‘trading’ the ‘pause’. This sadly is not the current case. Riverfort has not yet completed selling the current tranche. Two more tranche’s have already been authorised by the exchange, for listing. However the placing vehicle is open to question & there is no sign of a Pro buyer, accumulating stock. The sold stock is being transferred to the retail nominee accounts. In short the mechanics are not the same.

It’s important to ‘Fully & correctly’ understand how VWAP is calculated. It’s a grate tool for day traders. However a declining VWAP alongside a declining sp is not a good thing because of what it represents. In this case it may assist Riverfort to obtain a larger number of stock at a lower price but it will also indicate an additional issue as well, which is more important. That being, the ability to sell the stock into the market. If the current situation is not rectified, the outcome will be inevitable.

Stamp your feet, why don’t you

This is an excellent example of how little some know about how the Stock market operates. AMC’s resources have increased & during this period the sp has declined. This topic has previously been discussed on this bb, some years ago. For a sp to move in line with an underlying commodity, it must be actively traded by Pro’s. This will only occur when the commodity is being produced & affects the companies accounts. Pro’s also will not trade a stock with a constant dilution / equity release plan running. In part because it’s impractical to do so, from a trading perspective. As others have mentioned here, there are currently more pressing concerns which has also been highlighted in RNS’s. Some here live in self delusional fairyland.

I hope everyone is proactive here & not just sitting around sucking plumbs.

The graphs are indicating a price objective of 17.77. These forecasts are not always achieved. However some Pro’s will find it irresistible not to sell & take a profit. The sp may fall to the 21p & possibly overshoot. Only time will tell. This maybe a volatile few Weeks as the positions are run down, with more stock online in 2 Weeks at the other exchange.

How to loose all your money for novices:

https://www.youtube.com/watch?v=fs00c8hePvI

With support 1 at 47.22, passed, support 2 for this Month is 36.54

Midday & only 1 trade, not good.

Financing is a concern. The RNS states that the conditions have not been met for the next tranche’s. At the end of an economic cycle money is drawn out of the system. System being the finance industry. How difficult was it to obtain a loan in 2008. This is basic market cycle economics. Riverfort etc’s, funding will not come free to them & they may need to reduce exposure. However there are other alternative but these come at a cost. This is not a problem as long as the shares are bought in sufficient volume to satisfy the conditions of Riverfort’s contract.

Definition: a feasibility study to determine whether a resource can be mined economically.

The Media Week was wonderful. Sales improved in September & thus helped to keep the lights on. The current concern is that good sales figures need to be continually achieved in order to negotiate a replacement contract with Riverfort or a successor.

Looks like a Marketing boost is needed to improve Sales. The Month of July has been the best Month so far & is the target to beat.

Sp calculated at 3.335, minus 14.81%. That puts the large buys guess to rest.

Voskos hi, the set up has changes over the last 10 years. The role of Market Makers as you understand them has changed dramatically. Curious isn’t it. This is a must now for trading, but not so if long term holding. However this can cause a misunderstanding of the reporting systems.