Member Info for hants

Wisely, go to energydashboard.co.uk

Excellent news aside, this is still a stock which is in a price downtrend. But, we don't need to move much higher to break free of said downtrend, which will prompt buyers to move in.

We need a close in the upper 60s, and that should then be followed by a decent run all the way up to low 80s in reasonably short order, I would've thought.

Still churning through by the looks of it, but this should get interesting soon!

The admission of shares was beautifully executed, sneaking in a 4pm RNS amongst a bunch of positive RNS. Yesterday my phone pinged to notify me the sell price had dropped below 55p, and by market close we were back up.

The first hour of trading this morning is almost done, and the share price doesn't appear to be particuarly volatile. The shadow of the payment no longer looms above us.

There appears to be good support around this 58-61p level. My personal view is that we are unlikely to drop below this level again, unless we get some unexpected bad news flow.

New RNS out. I guess that settles that then!

You're exactly right and exactly wrong at the same time. Absolutely, the Avacta share price is highly driven by retail, as is often the case with popular AIM. Couldn't agree more.

That is why it's important to have a grasp on how sentiment affects the share price.

I'm not advocating for any particular style of investing.

Even for long term holders who aren't interested in trading the highs and lows along the way, understanding some of the aspects which move AIM shares day to day is still worth knowing, if only for sanity!

The release of good news, if it isn't the news the market is looking for, moves the share price downwards. Whilst the RNS today was certainly positive and shows progress, it's not something the market wanted, or especially cares about.

It's uncommon for RNS to arrive in quick succession, which means an RNS such as todays is taken as an indication that the anticipated news isn't coming in the immediate future. This results in some selling, perhaps to chase returns elsewhere, or to reduce risk by not sitting in a volatile share more than needed.

It may be frustrating, but this is the nature of many AIM listed companies.

Indeed Timster, this doesn't necessarily change the long term outcome.

However, although there's lots of people on here who reguarly talk about how they have a long term view, they also spend most of their day on this bulletin board analysing every last detail, even things which only matter in the short term. Plus, they get upset with people who post anything negative that might affect the share price in the short term.

The term for it is congnitive dissonance. People say or want to believe one thing, but their actions are contradictory. There's plenty of people here who say they don't care about the short term, but clearly absolutely do care about the short term, because they're constantly on here/twitter.

I believe it's likely it will be paid in shares, not cash. Cash is limited, and following a run of good news, I wouldn't be surprised if Avacta see this as an opportunity to preserve funds.

This wouldn't be ideal in the short term, as the the share price remains in a downtrend for the time being. I expect us to revisit the 50s in the near future.

I've been on this Avacta board since 2020. Wyn is one of the contributors who's posts I will always read, because they are generally balanced and make some very reasonable observations about the bigger picture and market - usually with a good degree of accuracy! I also don't think they are especially negative.

I always find the bad vibes sent in Wyndrums direction to be surprising. I think the unpopularity with some users originally stems from posting predictions based on charts and technical analysis, and it's just kind of stuck.

Even though understanding technicals is a huge part of investing, and many of Avactas price moves are quite reliably predictable if you understand this, the same users deny there's any value in it, don't think it's a real thing, and attack anybody who thinks otherwise. (Even though large funds, who should certainly know more than us lot, employ people to do exactly this!)

It's current no trade to buy on either Hargreaves or IG markets. Been trying to buy for several minutes now. Hopefully a nice reversal coming soon.

I did some buying on Friday thinking it was probably as low as it would go. Wish I had waited an extra day! Never mind.

Heres a well structured article for anybody new here who wants an overview.

https://www.mining-technology.com/projects/songwe-hill-rare-earths-project-malawi-east-africa/

Would anybody here be brave enough to speculate on when the MDA will be finalised?

I'm equally intrigued by the director buys ceasing. It does seem strange!

Would concur. Next resistance level around 840. Hopefully a nice rise if the big seller doesn't resume!

It *should* have now bounced off the fib level and it's very good value at this price. If the relentless selling has ceased, there's a strong probability we'll be on the up shortly. Lets hope they're not offloading the rest of their position.

There doesn't seem to be any shortage of buyers who are keen at this level, but the trades are too small to support this share price with the endless large chunks being sold.

Level5, your post from a couple of days ago has aged well. You called it well regarding the big seller in the background.

We need them to finish their selling for this to move up. It's heavily oversold because of them and will have peaked the interest of both longer term holders and traders alike.

The obvious question is whether they will offload their remaining shares. We will have to wait and see, but when they're done I wouldn't be surprised to see a rally into the 800s.

Joking aside though, it does look like the bottom is in now so I've taken some. It was already undervalued and there seems to be some support at this level.