Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There have been a few acquisitions in the cyber security market, following OSI, is FCS next?
Chart appears to be indicating something, long term downward trend has been broken.
https://invst.ly/119kof
Already posted my next targets:-
"Close above 8.5 needed today, then next targets 9.6 and 11.4, then clear space for a breakout!"
first two hit, nothing goes straight up and when I posted the GAP wasn't showing
Stampee1 :"So if Geng, sees a gap (EUA) when the price is say 6p but his chart says gap needs filling for 3p, but some months later EUA huts 40p...has GENG just missed out on the rise, because he is watching it to crash down to 3p..(missed opportunity?)"
I was already in EUA (from 0.5p) when the GAP opened, sold half shortly after the GAP and the other half in the 30's
As far as the GAP here goes, BIKWIK is right, it may well be prove to be a breakaway GAP and that's why my stance has not been to sell but hold and ADD if it the GAP fills or it gets confirmed as a breakaway GAP. The Elliott wave stuff and Golden cross is also correct, add in a few more indicators (Fib and Channels) and yes the chart looks great, but it just depends on how much book balancing is needed by the MM's as to whether the GAP gets closed. My experience is most do, it's only the time that is the variable. There were a lot of very large trades that opened the GAP on a quiet Friday before the bank holiday weekend, there will be some balancing to be done by the sleepy MM's
Kammy18: That GAP on EUA was on its way to being closed at 14p, 6 months before Putin invaded Ukraine, all Putin did was get it there quicker. I do remember the amount of abuse I got on EUA when at 40p I said it would go to 4p to close the GAP - but who's laughing now!
There is also a GAP on HZM and I've shown my forecast for when it will close:-
https://invst.ly/118uhs
Up to anyone how they monetize this - short now or wait to buy when the GAP closes.
For those that think I'm part time on PAT, here is my chart, I posted a cut down version of this a long time ago and the large circle shows my prediction for the breakout, which hasn't been moved and was hit. The small circle shows a key point that should if hit cause a reversal and continuation of breakout.
https://invst.ly/118v1v
"You clearly have an agenda mate btw? 7p? Is that your desired entry price?"
No agenda 7p is what's needed to close the GAP (btw as I said before I am already a large holder, 7 p would be my add price).
"The large number of sells is the reason we aren't flying. "
You really need to learn a lot more about market dynamics if you believe this!
Do a bit of reading on GAP's and how why they open and why they get closed. You'll find the answer to why the MM's appear to be holding the SP back, it's all about balancing the books.
Another factor is there are still a large number of shares being sold into the market (the mysterious 'black' trades). from the recent fund raise.
Once these are cleared the SP will move on and hence my original comment that the GAP close (7p) would be a good point to BUY or ADD.
Bizzimartin - I Couldn't stop laughing at your comment "appears out of nowhere"
Please do a bit of simple research before making such a comment that shows you to be so ill informed - I've been holding and trading PAT and posting here since 2018 - how long have you been here?
mickey1122 - I don't only trade GAPs I am a chartist and have been trading shares for over 40 years. Up to you if you listen to me (your loss) but no need to be rude.
BTW we are now only 1p away from closing that GAP - and its all mumbo jumbo is it?
Stampeee1: The chart I posted months back showed the current breakout, shown by the circle on my chart. What do you use: buy, hold, pray for an RNS?
mickey1122: You will need to research GAP trading, there is loads on it out there. I've been doing it very successfully for 20 years.
Last Friday I was please as it looked like no GAP had opened. Unfortunately looking at a couple of data sets it now shows there is a big GAP. It maybe this will stay open for months/years but would be much nicer if it could be closed sooner, to allow a gradual rise.
The price has broken the long term downward channel, so a quick GAP close would be a great time to Buy or top up:-
https://invst.ly/118ccl
In theory, if anyone still thinks there is £3-4M of cash left you can now get it for £1.25M ! Wonder how low it will go before suspension? Strangely with the little data there is since divi, there is a nice downward channel forming, Only hope is there is some horizontal support forming at 0.8p so looks like this may be it.
https://invst.ly/117jdk
gwm121 - Answers to your question re suspension - read the RNS it's all in there.
That's a good one Brookie - still trading - really? Only posting here because of the long term relationship with AMC and curious to see how much RY and cronies manage to consume before finally killing off AMC.
0.11 - 0.15 = Mcap of circa £2m and that's probably all that will be left after another 6 months of trough feeding by RY and his fellow feeders.
Roxi, Add Oxus Gold to that - another 'dead cert' that won SFA and wound up.
Although this one is a bit different as they effectively have no risk, weras Churchill and Oxus borrowed to finance the trials and keep the co running during the trial period.
No time to get anything approved - even if the inept bunch had the slightest intention of doing so. Another 6 months of trough feeding for RY and cronies and then give back what's left in the trough, which will probably just about cover the current SP.
That said, watch for any very large trades in the days leading up to the 6th Sept - suspension day. Would be worth following these and also buying if this happens. In the unlikely event that RY has got something in the pipeline the only time to capitalise will be prior to suspension.
Once suspended they are obliged to layout there current status/plans in an RNS. There will also be an AGM in October where shareholders could punt the board. Although I would imagine most of the large holders who could be bothered to vote will be gone now.
Close around 0.96 would be the bottom of the long term downward channel and RSI is massively oversold.
Good time to buy from a chart perspective and 40% discount to the recent offering - worth a punt from my point of view!
Ahoy - Looks like a possible inverted head and shoulder breakout - wait and see!
https://invst.ly/111xar