Member Info for investor33

Doc83 ; ask yourself why there have been so many spikes - mainly up, but one or two down too - straight after an RNS release, when volume suddenly goes through the roof like it did the other day from 1 or 2m to 53m ?

Why does a price spike up to say 6.5p as it did last July straight after an RNS, and then plunge down a few days later to around 4.5p ? Do you really think that retail investor sentiment has changed just like that - even when an RNS was reasonably positive ?

The reality is that RNS releases are used by traders ( bots and humans ) like a surfer riding a wave. They get in quick and exit quickly whilst the likes of Hamm are bouncing around saying buy, buy, buy in the midst of a FOMO sucker rally. FOMO is a very powerful emotion - but if you are not watching the price action carefully then you are flying without instruments.

On the next RNS you will get another quick rally up to quite likely just over 5p - probably forming a double top with the top that we have had in the last day or so. One tactic is to take 10%, 15%, 20% or whatever you choose of your holding and bank a profit on the next RNS news catalyst rally. That's what I will be doing.

The truth hurts BP. If you don't understand the rules of the game then it's unwise to take part.....

And your abusive post has been reported.

Bad Prophet,

"The final approval of the LP was anticipated by EVERYONE and has effectively been factored into the SP since last summer - hence no massive re-rate when it finally arrived."

You still don't get it do you ? These penny shares until they start generating proper revenue have price action which is mainly driven by intraday and swing traders. Plus MM manipulation - running at stops etc.

Why do you think that in the last year there has been 400% price volatility between the lows and the highs ? Do you really think that sentiment towards the company has fluctuated by 400% in the space of those 12 months if like you say "The final approval of the LP was anticipated by EVERYONE... " ?

Algo bots and human traders thrive on VOLATILITY which is often at its maximum due to the spike in volume which comes straight after an RNS release. In your simplistic view ( because you don't understand penny stocks, and shouldn't be in them ) the price action is all about the sentiment of private retail investors at any given moment. You haven't got a clue about how this works as you are out of your depth.

If you lost out because you bought at 7p or whatever right at the top of a spike, and then sold at the bottom, then that's because you were very likely outthought by an algorithmic trading bot which sold to you as it exited with a fat profit....

Doc ; I'm hoping that in time old resistance will become new support. That's another thing which intraday /swing traders will look for on their charts. It's a well known factor in day trading - and works the other way too.

If the 4.5p level is breached and consistently stays above it, then this will hopefully happen.

Right now seemingly there's a lot of shorting going on at between 4.5p and 5p, so the price is struggling to stay over 4.5p. Plus the MMs are trying to get their hands on plenty of cheap shares.

Un-professional - still spouting nonsense about a raise I see. I guess with your amazing research you don't even realise that PM is a subsidiary of the Petrovis Group, so the soft loan facility they have is effectively one side of the business lending to another arm. Petrovis is the parent company of Petro Matad. Now that they can extract the oil, Petrovis will be as accommodating as PM want.

Regarding another dip today in later trading - these penny shares are being heavily traded by short term traders. There were twice as many buyers as sellers - however an RNS release means to intraday traders volatility- and that's their oxygen, and all that they care about. They can go short or long. When they trade, they are all ( except ' professional ' ) looking at technical analysis indicators on their charts. Candlestick charts, OHLC charts, Heikin-Ashi charts, Moving averages, the MACD, Bollinger bands, stochastics, support and resistance levels etc etc etc look the same on all charts whether you are sitting at a trading desk in New York or Singapore. It's a universal language - so if there is a strong resistance level at say 4.5p then all the traders see that, and many will short it.

Plus the market makers ( who trade themselves ) are trying to accumulate as at low a price as possible. They are wholesalers - and any wholesaler is going to want to stock their warehouse with as cheap a goods as possible.

Master - I'm amazed that someone would hold the shares for so long, and then mainly exit at 8p. You would have been far better off understanding how charts work and then just buying and selling at support and resistance levels. There have been lots of spikes to 7 to 10p over the last few years. If a trader had bought as say 4.4p today and then exited at 5p then they would have made a 12% profit in just an hour or so. So with say £25,000 that's £3,000 profit. That's why there are so many intraday traders - it can be hugely profitable, whilst minimising risk.

MMs are probably busy hoovering up any stops which may have been placed when the share price reached around 5p.....

Of course it's the cheapest way for them to accumulate without moving the price against them. A time honoured method through which MMs operate.

Professional ; I presume you're not one of the traders ' making money ' given that ;

1) A few weeks ago before an RNS, you stated that you would short at 4.5p. It reached 4.4p but then tanked down to something like 2.8p straight after an RNS, yet for some reason you failed to short and make a huge % quick profit.

2) Another poster on here suggested a couple of weeks ago that you buy some shares instead of just wasting your time posting negativity on here and stalking WOS. You could have done that and bought at about 2.8p and look where you would be now....Another golden opportunity missed.

So tell me - how many times have you traded PM, and how much have you made ??? Some people just post nonsense, and other people actually walk the walk.

Sharebel ; I agree - it's the seismic shift in the fundamentals which so many of us LTHs have been waiting for.

Straight after an RNS though you always have to factor in the trading desk algo trading bots which buy and sell quickly ( or the reverse ) on an RNS release. They operate purely on the basis of programmed technical analysis indicators after analysing at lightning speed whether the RNS is ' positive or negative. That wave of selling late afternoon yesterday was the short term traders banking their profits, and maybe some long term weakholders exiting. AIM penny shares are very much a playground for the short term traders, as well as being a serious financial commitment for the long term investors.

I've got just over a million shares at an average of 4.2p bought in 15 tranches starting from 2019, so if we get into double digits very soon I will be pretty happy !

So 4.5p has been a strong resistance level since Dec last year. It has rejected at this level several times since then.

Those who know about technical analysis however will know that old resistance can become new support - so for me looking at charts, I'm looking for it to punch above 4.5p and then possibly establish this as the new support level. For several months the support/resistance range has been between 2.5p and 4.5p.

Right now we are bumping about around the key 4.5p level. With high volume it will hopefully punch through this - but then it needs to keep consistently finding support at 4.5p and establish a new range. Yesterday it obviously failed to stay above 4.5p after a large rise on the day starting from 2.8p.

So today's volume was 54.73m compared to about 1.2m yesterday.....

There has been an entrenched trading range of between 2.5p to 4.5p ever since Dec last year, so some of the algo bots on the trading desks will have bought straight away on the RNS release ( as they are programmed to do either way on a news catalyst ) and then will most likely have sold around the strong resistance of 4.5p.

It should break out of this trading range very soon though given that there has now been a seismic shift in the fundamentals....

Doc - yes, there's a very strong technical resistance at 4.5p which it has touched and bounced down from several times in the last few months.

The trading bots will have been programmed to sell at around that price, so as to lock in their profits, so a smallish pullback was inevitable. Plus some who were weak holders exiting too most likely.

Once the trading bots have exited with their profits then this will be going north again.

Well done to all who kept the faith despite some rather cynical gloomsters on here. I've been saying for weeks that there is no reason to believe that the District local access agreement has been abnormally held up - there was no benchmark comparison to base that thinking on, but some were panicking and assuming the worst for no rational reason other than dread and fear. And they were happy to spread that fear to others on here. And this despite all the noises we were hearing from PM which were stating that the District local access agreement was progressing without any hitches.

I also said on here just a couple of weeks ago that I felt that the local access permission would come through on the 1st June give or take a day or two.....My middle name is Nostradamus by the way.....

I've been holding since I started accumulating back in 2019, and it's been a rough and extremely bumpy ride since then. Most of that time I have been heavily underwater. I can't believe that after all this time PM is actually going to become an oil producer at long last - and in the near future too.

Professional - you said you were going to short at 4.5p - have you done it yet ??

Just to be clear ;

The District APPROVAL was given after a Committee vote in late Feb. It's the completed and signed District Land Access agreement which we have been needing ever since that vote.

The Special Purpose tripartite agreement drafted by the central government has already been signed long ago by PM and by the relevant ministry of the central government, but has still required the third signature at Provincial level by the Provincial governor.

If either agreement has been signed, then PM can start with its operations. If I had to choose between the two, I would prefer the Special Purpose agreement to be signed, as it would mean that PM do not need to reapply every year at the District level for a valid annual land access agreement. Plus it automatically trumps the District land access agreement anyway.

Professional ; ' trying to help ? ' You mean making defamatory comments about another poster, based on a chronic lack of understanding about what ' insider info ' means ? I should go back to your ' graphs ' if I was you....

Professional proving yet again that his understanding of the world of the stock market is almost nil. He needs to move out of his mum's basement and get a proper job. Preferably one which has nothing to do with finance.

The special purpose tripartite agreement signing would be more valuable than the District local access signed agreement, as it trumps everything, and it means that PM would not need to apply for the District land access approval each and every year. That would just create more uncertainty and the possibility of further curve balls most likely.

PM have a load of Mongolian staff - you would expect that they would have watched and translated this clip as soon as it was released.

Master ;

"It's hard to translate. But I spent very long time trying to translate. "

Did you manage to obtain a translation though which definitively seems to state that the tripartite Special Purpose agreement was being signed or has been signed already ?

Master ; how have you managed to translate this clip ?

Master ; "District approval was end of Feb. This is provincial approval where the governor has to approve."

Ok - so it's the Special Purpose Provincial tripartite agreement signing we are talking about, of which the third and final signature on the agreement by the governor would make the District local access agreement superfluous anyway, though it would be good to have it of course. However the Special Purpose agreement trumps anything else automatically - that's my understanding.