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Thanks Robins, SamJ. Now I need to work out why I pay sharescope to do this all for me!!!!
Hi SamJ, how do you know its 10th Feb? sharescope and LSE both do not have a date!
the comeback is under way. i expect it will be slow and steady . . . until the update.
Could well be Octopus. what the rise the other day showed us is that unless you are in before any of these big announcements then you run the risk of getting spiked. I am glad I am in and patient. could be great few months!
CTW, Notsure, I dont doubt you are both right. Its a stange one as underlying performace has been unlinked with share price for some time. I guess I am fed up of waiting. i will however continue to watch with interest and will be back in when I see some strength in the proce movement. good luck to you both!
RNS out today. subscriptions received so we have funds to kick off development The net proceeds to be raised by the Placing are intended to be used for working capital purposes and to commence development of an underground mine on the Omagh property. The Placing is on a part brokered basis. A further announcement will be made in due course detailing the results of closing of the Placing.
spelling errors corrected. Hi Ctw, I wish I could agree. My stop was hit this morning and I am out of OPG now. I have been looking to cut this for some time as it a poor performer. Longterm sideways to down trajectory (yes despite fantastic revenue performance). However the knocks to revenue to show me that the absolute upward march in revenues which were all but guarenteed with this stock as it increased capacity at its plants are now . . . . . not so guaranteed. I will continue to watch here in case they surprise us with a deal for Lanoco (the only real reason i continued to hold this share was that possibility). apologies if its a downbeat post but now we have breached the 6 month low i can see this testing 50p. if it breaks 50p its anyones guess how low it will go.
Hi Ctw, I wish I could agree. My spot was hit this morning and I am out of OPG now. I have been looking to cut this for some time as it a poor performer. longterm sideways to down trajectory (yes despoite fantastic revenue performance). However the knocks to revenue to me slow that the absolute upward march in reveues with were all but guarenteed with this stock as it increased capacity at its plants are now . . . . . not so guaranteed. I will continue to watch here in case they surprise us with a deal for Lanoco (the only real reason i continued to hold this share was that possibility). apologies if its a downbeat post but now we have breached the 6 month low i can see this testing 50p. if it breaks 50p its anyones guess how low it will go.
I think they need to give us an update on progress so far. Especially if revs are not great. No idea on the trade from yesterday either. if it was big it definitely was not me!!
A lot of interesting stuff going on with this share. The Omagh mine has been granted planning consent. There is a challenge on it but as I understand it Galantas is free to mine until that decision is repealed. I am no expert in planning but since Galantas has been granetd by the proper authorities I am expecting the challenge to fail. I believe galantas has this view too as the placing that is open is for funds to kick off proper production. Happy to be challenged or corrected on any of this (I have not had time to read through the RNS's).
thet=y have had the planning consent for some time though. and placing is still open from what i can tell
Or the MM marking this up.. a self fulfillinh profacy from only a coupl of thousand quid bought? i am a long time PI and watcher here. I think we need to stop looking at this as potential soon. once financing round is finished and machines in place then we will see real turnover. not just a prospect!!
Oldbadger, nice to see you here too! I have some bad news I am afraid. I agree with shatter that this will struggle to get its head above 200p and could test the lows. Just my opinion. This is a new stock I am adding to my watchlist but have had one eye on it for a while but never invested as updates got softer (not stronger as I would have liked). But inherently people spend fortunes on their pets and I am most interested in the grooming / vets business
RNS basically saying that the smartphone option a no-go security wise. . . . The Company believes its latest technology represents a major growth opportunity as the most secure photo ID solutions available and that accepting photos from mobile phones for official documents is incompatible with developing security requirements. Photo-Me's solutions have been adopted by ANTS (Agence Nationale des Titres Sécurisés, a national agency linked to the French Ministry of Transport and issuing secured official personal documents) as well as by the Ministry of Foreign Affairs and Trade in the Republic of Ireland where trials are underway for photobooth secure online passport applications. Furthermore, it is currently in ongoing discussions with Her Majesty's Passport Office in order to equip its photobooths in the United Kingdom with the technology used in France.
does anyone know what has brought this on? the trades look quite small. a lot for 50 shares trades going through.
jh2704 thanks. i paid a fortune for that book years ago!!! it is a very good book that i have used lots over the years. I too would recommend the jesse livermore stock operator book as a light holiday read. if you really want to get your teeth stuck in then the Murphy technical analysis book is a must either on your holiday or when you are back. Whilst we have some strong PI's on here what are other books you guys recommend? A game changer for me was the zulu principle . . .and later beyond the zulu principle. not a pdf of the book but the amazon link https://www.amazon.co.uk/d/Books/Zulu-Principle-Making-Extraordinary-Profits-Ordinary-Shares/075281012X/ref=sr_1_1?s=books&ie=UTF8&qid=1484904437&sr=1-1&keywords=zulu+principle i am currently reading the naked trader. has anyone read his new one trading like a shark? https://www.amazon.co.uk/d/cka/Trade-Like-Shark-Naked-Trader-eaten-market/0857195425/ref=sr_1_1?s=books&ie=UTF8&qid=1484904526&sr=1-1&keywords=trading+like+a+shark
Thanks Robins. Maybe they are just refcosuing on sales and making some changes and will lump into the update. maybe they in future will update on new products only in scheduled updates. or perhaps they feel they should not launch anything until they have a sales and marketing team capable of making them a success . . . hopefully all will be revealed!
so no trading update today 19th Jan. Maybe tomorrow?
Thanks CHEQUEMATE, I may just do a free trial on stockopedia. Thanks all for a useful board this week. Whilst we are all in a sharing mood I also like and hold BUR, MYSL, JSG, QP. and SRT. My total punt is GAL (less than 1% of portfolio). Oldbadger I hope we do not retest as low as you are suggesting but if we did I think we would only bounce upwards off them.
Hi sonofelvis, shame you bailed at 300p. I follow around a dozen stocks closely (but hold only around 6/7 currently) and yes this one is defying gravity. I did however keep rolling the dice on this one. I have bought around 150p (i think it was a while ago), again at 400p and again at 522p. With the take over and the Peterson case its hard to predict EPS i agree. but you could still argue these are cheap considering the managements ability to score return on capital. and with all the capital they will have in their possession post-takeover and re-investment of the Peterson payoff its anyone's guess how high these could go!! Anyway here is a short Friday read fo you and any other silent readers on here. But a quick question first . . . what is the only company singled out in a positive light by the UK's greatest investor in his 2016 wrap up!! answers on a postcard https://woodfordfunds.com/words/blog/2016-year-review