Member Info for esduk

No surprise there. Imagine you actually paid $3 CAD yesterday (if it wasn't a glitch). How would you be feeling right now?

Bidding interest just picked up 10 mins before US/Canada open. Bid moved up to 64p then 65p within a couple of minutes. Could be an interesting couple of hours.

Tried buying Brittanias today from Chards after my pay came in but no stock available. Physical silver and gold not available in large parts of the world. The squeeze will continue. Eastern physical buyers are calling Western paper sellers' bluff.

Lower than expected is key Element, two more rate cuts coming this year, 99% certainty on FedWatch. Continues to support higher gold prices.

Just to address the "overbought" point: current 14-day RSI is 65%, so not in overbought territory. Recent drops have cooled off the RSI substantially, so the RSI is much lower than when were at this level on the run up to hit 72.5p mid SP last week.

Not looking for any news tonight mate, thanks though and good luck on your next trade.

Taking my daughter to Ireland for half term week next Monday (my wife is very grateful!). I’ll try and go offline for a couple of days and see if I can generate a different kind of RNS!

I think the answer is “missing out”. He/she will be missing out even more going forward.

What a time to be offline…

Had Covid Tuesday-Wednesday, which hit me pretty hard. But was back working yesterday and very busy all day. Went to pick up my daughter at 5.15pm and switched off, having a nice family evening. Decided not to look at the phone all evening and read a book before bed instead of watching podcasts on YouTube or checking in on here. Think it’s the first time I’ve done that (not checked in on here in months!). Slept in until 10am today as didn’t have to work today and was knackered. Spent nearly 30 minutes reading all the messages from where I left off yesterday. It was a rip roaring read, though I knew the ending as I’d read the RNS. I would say I’m sorry that I missed it, but I’m not sure I am, I certainly wouldn’t have slept well last night if I did.

First off, another apology to SG. I think I can officially admit that something has changed in the last few days / weeks, where Canadian SP can drive ours. For me this is about US investors (not Canadian), who find it a lot easier to trade on the TSX-V than on AIM (something I’ve mentioned before). I think our TSX-V listing is becoming like some other RE and other stocks over there that have massive volatility and price swings and in our case can be pumped quite easily due to the very thin trading volume. This is certainly a new and interesting development. One thing I would say is that my view is still that the London SP will anchor the Canadian one. So while we may follow some of the direction, like we did this morning, we will not see moves as extreme and Canada is always likely to come back to settle near us eventually.

I have no insight to add on the reason for the buying in Canada, Myles potential reasons sound sensible to me. What it does tell me, which many others have pointed out, is that when we actually do get major news we are going to get an absolute feeding frenzy both on TSX-V and AIM, much of which will be from US investors/speculators. It also gives me more confidence that our AIM SP will reflect the vast majority or perhaps all of the value of our share of the MKAR MCAP on the Nasdaq + a substantial value for Hypromag.

Glad to see we are up today and glad I topped up just under 55p yesterday morning. Holding for true riches. Canadian SP action into close yesterday was just an amuse-bouche in what I think will be a 12 course feast.

It didn't signal the direction for the day at all though did it. It was just an opportunity for the MM's to use some scare tactics. Canadian SP has recovered to reflect our SP. One thing it may signal is increased American buying/selling post UK market close, if there are wider rare earth market developments after UK market hours.

The comment on needing a recovery in the Canadian SP for us not to lose momentum for me is just incorrect. We don't need 10k of buying action in Canada to drive their price back up to match ours, just so we can move higher. Anyway, I'll leave it there, and we can agree to disagree. I'm sure I've bored everyone to death on the matter, for which I apologise. We are way undervalued, that we all agree on.

I'm certainly not saying not to take advantage of MM's playing silly buggers, and it seems now a big drop in the Canadian price is one of the things they might use to drop it and scare people out. But as mentioned earlier, Canada only closed 2 cents below the price it was when we closed yesterday at 4.30pm UK time, so anyone selling their shares this morning due to the drop yesterday in Canada would be rather foolish.

At one point this morning Canada was up over 20% on less than 10,000 total shares traded. The movements there are extreme and don't actually drive SP action here, other than potentially now through MM action on open after an extreme movement on the TSX-V. American buyers (on the TSX-V or AIM) are definitely a driver of SP action on both exchanges imo.

Now when we list MKAR on the NASDAQ on the other hand, I will be very much hoping that Mkango's SP on AIM is driven by MKAR!

Finally, I'll just add that correlation does not equal causation.

And I have no clue how your second paragraph relates to us being driven by the Canadian price. You think what you want to think though. Your position posting is pretty clear to me though.

*into

Well it's currently 17% up 7 minutes iton trading... Looking forward to the 17% rise in our SP!

Please stop focussing so much on Canada, price action there it is largely irrelevant. It's way lower volume and has never driven our SP. I really don't want this BB to become like Greatland Resources, where everyone is obsessed with the ASX price. We don't need Canada to do anything, but it will likely recover because it largely follows our lead.

That was in reply to your first post on MP btw.

Interesting LockerRoom. I would say though that they got the US DoD deal, and we haven't, as yet!

57p bid / 59p ask, so already 5% up today (based on yesterday's closing mid price).