Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
In my experience it's very rare to see any correlation between large buys/sells and share price movements.
I've seen it twice on this share. The first time was the drop down towards 120p for the placing in 2020. This was clearly leaked, however discussions would no doubt have been happening with prospective investors in advance so it's not too difficult to imagine how that might have happened.
The other time, the share price appeared to have been walked down to fill an order, and subsequently bounced once it printed. I forget the amount, but it was several million. Probably the largest print I've ever seen print on an AIM share. Even in that instance, it would be difficult to say for sure that it was walked down. It's equally possible there were a lot of sellers at that time and then the large print caused the bounce.
I'm pleased to see there hasn't been an uplift in the share price going into tomorrow. I doubt there will be anything particularly exciting so it wouldn't be a good thing if it were hyped - most likely it would just set us up for a fall.
No news is good news. We can fairly safely assume that everything is progressing well unless we are told otherwise. If we get a few encouraging comments on the trial, I'll be very satisfied with that.
For the benefit of Jtan
EasyJet is currently c.71% hedged for fuel in H2 of FY22 at c.US$619 per metric tonne, c.49% hedged for H1 FY23 at c.US$701 and c.20% hedged for H2 FY23 at c.US$807. The spot price on 17 May 2022 was around US$1,225.
I disagree. When the Covid vaccines were announced the EZJ share price jumped up very quickly with a bull run from around 390 to 780 or thereabouts.
There is already a vaccine for monkeypox. I imagine todays drop relates to monkeypox, but comparing it to the start of the sars-cov-2 pandemic is apples and oranges IMO. Not to mention the economic situation at this time is entirely different and it probably wouldn't fair well with any more pressures placed upon it.
I spent a good amount of time yesterday trying to find some cheap flights for a solo excursion to Europe in a couple of weeks time. In the past, I've always found EasyJet will have quite a few cheap seats if you're willing to be flexible on days and take the more unpopular flight times (which I don't mind when I'm on my own). I couldn't find anything cheap which would get me both ways, just the odd inbound/outbound flight but nothing in the other direction.
There is almost nothing cheap available, and there's a decent number of flights which are fully booked. I saw prices on popular routes (such as the Greek Islands) up to over £600! Most flights are in the £150 - £400 region.
Whilst it was an unsuccesful exercise because I couldn't find a bargain, it was nice to see the bookings looking healthy from an investment point of view!
Unless WW3 happens (which would destroy most investments except defence anyway), I'm very happy with my investment here!
The cost of living argument is a reasonable one, but we are talking about a budget airline flying short haul. People in the UK will mostly still be able to afford a holiday, but IMO it will likely be the case that many will choose a cheaper one as opposed to flying out to Mexico, Caribbean etc.
Good to see ezj holding around the same level. The negative contents of the update do indeed appear to have been largely priced in. Ezj are a great airline and the outlook seems broadly positive going forward.
Of course, the macro economic situation could put a spanner in the works for the airline industry on the whole - but unless something pretty bad happens people will still want/need to travel - they'll just sway towards flying with the more competitively priced airlines such as ezj.
It's due tomorrow. I don't believe it will tell us much that we didn't already anticipate.
I think most of the negativity is already priced in and that going forward things will improve.
Hopefully sentiment will improve once the trading update is out of the way.
We are looking for a close above the 200 Moving Average on the daily chart, then we should see the next leg up. Currently we are just banging our heads against it.
Of course, all on the assumption nothing happens in the meantime.
Why has the price of HEMO drifted so much? I've had a flick through the RNS feed and can't see there's any reason for it to be this low? Is it just a slow burner and fickle PI's losing interest?
It's come to my attention from a trading analysis point of view, looks like it could move up. But it's such a long way off all time highs it looks like it could be an an appealing buy and hold.
Puggle,
Open up your chart and set it to 1 Day. If you go back in time, you'll sell the price gapped up, leaving a 'gap' in the chart. (Think it was 2nd week of Feb). We are probably going to drop back through that gap, which has a bottom at around 155p.
Traders will look for that as an entry point. If you add stochastics to your chart, you'll see we are well into oversold. As we come out of oversold, that's an example of a basic buy signal.
DOH, fundamentals will always override trading analysis. There's no argument from me there. But if you don't believe in charts then you're a fool. Even if you don't want to trade, they help to time your entry and exit points. I believe in Avacta, but I'm only here to make money. If I get the chance to sell and buy back cheaper/accumulate free shares, I'll take it every time.
There is a good reason for the drop, there's a gap fill down to 155 which is probably going to play out (we've dropped well past the important 175 level). You can either trade it to your advantage or ride it out. The charts are in control at the moment.
The reason they're all out today is to get try and encourage some sells and help the share price on it's way down through the gap fill. Once the gap fill has been completed, we should see a reversal. All the bashers will buy in and take the trade, which should bring us quickly back up by 10% or so, followed by some profit taking.
This share is being traded for the time being so expect volatility.
It will probably hold just above the gap at 172 ish and decide what it wants to do. At that point, if it moves down then it will do so very sharply to 153 ish. Traders will look for the bounce, we'll be well into oversold territory
This may not play out today, but the standard 8am drop we see pretty much every morning might give it the nudge over the edge.
Then we'll probably have the standard 10%+ bounce back to 170 or so until the traders take profit. Then pobably trade sideways until something fundamental changes.
Your chart interpretation is fair and I agree 155p now looks likely to be hit. The presentation didn't deliver, it told us nothing new and also we learned that we have lost BBI. We are now on a downwards trajectory.
But you've made yourself look ridiculous with your interpretation of what 'non-exclusive' means.
There was a gap fill down on the charts and it happened very quickly. Hopefully hold this level now.
I'm not expecting much of substance, but I do help we get some little nuggets of information such as manufacturing capacity. We need something which tells investors why to stay in, especially on a red day like today.
Too much waffle and 'shortly' and we'll be going down further. Lets hope Al is paying attention. Equally, trying to draw attention away from the LFT won't be viewed well either. It's all the market is currently focussed on and is the sole reason for the share price being at this level in the first place.