Member Info for EnricoPallazzo

I've noticed several buys at 1.78p reported on ADVFN but not here; they're marked as NEX rather than LSE trades.

Just to clarify: my previous post was in response to Coshman's question; it is not a comment on Synairgen! (See my earlier posts on this forum for my opinion on Synairgen: it's positive.)

Speculation. Lots of people investing in pharma companies are simply trying to chase the latest rainbow. They'd invest in crap if someone circulated a rumour that crap can beat Covid-19. Today, the focus must be on something else than pharma, I'm not sure what: gold?

Hi HawkesBay,

It's based on the empirical method described at the beginning of this thread. I'll auction my finger later on.

I find it rather reassuring to see the SP oscillating between 14p and 15p. Brings back memories of 11-12p not so long ago... except that this time we won't have to wait six weeks for significant news, so the next leg up will come soon enough.

Absolutely agree, PIface!

People should relax a bit and pay attention to the fundamentals and the potential here. I suspect we have a few rainbow chasers on board who are likely to jump in and the jump out to chase the hot pharma stock of the day, etc. Those with patience (sitting on their hands, in Nobby's words) will be rewarded soon enough. My prediction for the end of this week is unchanged: 2.6-2.7p.

Now seriously:
1. Placing already done to fund deep drilling.
2. The company wouldn't have rushed to drill deeper if they hadn't seen appetising mineralisation in the shallow assays.
3. The SP spent over a month at 1p, so the return to that level is the reasonable worst-case scenario.
4. The SP doubled within a week but showed repeatedly very strong support at 1.6p.
5. We're close to that support level.
6. RNS with shallow drilling assay results expected any time (although, taking six weeks from the completion of that drilling, we may have to wait a few more days). No great expectations placed on those results: as long as there are traces of gold, we'll be fine. (The main lode is supposed to sit below 250m, so it won't be touched by shallow drills.) Anything high-grade at this stage will send the SP flying.

As I was saying: as good as sticking your finger in the air. On that topic: I've repeated the experiment and the finger is still wet after a whole minute!

Forgot to add that the finger was still wet after 20 seconds this morning.

Okay, okay, here you are:
1. Lick your finger.
2. Put it up in the air and count to 10.
3. Finger dry -> sell; finger still wet -> buy

This is way more precise and scientific than the approach taken by most people. I was going to write a book about investing but now I've let the cat out of the bag... Oh well, I'm glad you now know the secret too; it'll make you a millionaire in no time!

I'll explain it in a moment but first please let me know what logic you apply when investing on AIM: I'm sure everyone would like to know that.

Something is telling me it's going to be a very good day here at ROCK. We should break 2p for good and have another assault on 2.4p later.

15.2p!

A short breather today, before our next leg up.

Did you mean 'shrewd'? :-)

Stop panicking. Wait patiently for the results.

If a 100% rise in a week isn't good enough, I'd suggest the latest pharma stock, whatever it is today. Oh, there isn't any, so perhaps it's better to hold for gold?

No worries: day traders may be chickening out on a temporary pullback but we're going up. Let's see where we are at the end of the day.

Steady, steady. Four minutes to go.

Looks like we're about to experience déjà vu. I reckon the march upwards will commence in exactly 15 minutes.

Good morning everyone,

Here's to another good day at ROCK!

I'm relaxed about the downside: the share spent enough time at 1p to build a fantastic platform to rise from, and the action over the last few days has shown a good support at 1.6p, so I expect that 2p will now become the new support level from which to attack 3p and higher.

There aren't many expectations regarding the next set of results: we are talking about the shallow sections which are openly referred to as "lower grade" by the company, so no-one is expecting bonanza grades here. The actual tasty bits below 250m are being drilled as we speak, and the SP should keep ticking up over the next few weeks in anticipation of those results.

In the meantime, the positive sentiment towards the price of gold, and the expected breaking of the all time record (1911 dollars per oz) should keep propelling the share price up. As I said earlier, I'm expecting 2.6-2.7p by the end of the week, so a nice 30% gain from the current levels.

All the best
EP