Member Info for Janiax

Looks like a big tree shake atm.

Remember this has seen a huge rise today, so there wil be people selling for their daily profit.

But this share now has a good position to target some monumental gains, and look for a large backing from a Big producer.

If they do a placing they will be wanting over 1p a share for it,.

But i think they are much more likely to be looking at other options now.

Or even do a private placing, similar to what happened at OMI last week.

I also think above 1p for the placing.

PET has 30% of the Ghana target and are sitting at £3.5m Mcap

CLON has 60%, and are also sitting around £3.5m Mcap

There is much more to come here, and I doubt they will place before the Rerate is done.

There has to be both Sellers and Buyers to form a market.

As the Sellers who are happy with their profit move out, more buyers are coming in with a higher target in mind and it keeps going up.

If there are no Sellers than the MM's struggle with stock, and don't let anyone buy.
This resorts to them lowering the price to trigger stop losses, and causing artificial dips, which can trigger more sells from itchy fingers and nervous holders. In turn this can create a bigger dip, and recovery can be harder.

If people are happy to sell as it goes up, and others are happy buying those share, than the moment goes with it and the price increases.

Different people have different targets..

Don't be caught on a false dip. Think of what the company is now worth, and look at the current Mcap.

DYOR

I still dont think we will see 1p today.

This will be a good day if it stays around the 0.65 area and survives the profit takers.

There is more to come, but have to be realistic.

Traders and holders that are up 100-200% are highly likely to take some profit here today.

As for the rest of the week, I can see this gradually going up to 1p and maybe even 1.5p

With more news, it could easily hit 1p+

With regards to a placing... I think they will wait and raise at over 1p when the SP has been there a few days.

They will want the best price they can get,

So they are likely to update with further news, and plans, encourage the SP to keep rising to 1-1.5p, then try and get a placing in over 1p.

I doubt they will be doing a placing at the current SP, and definitely not below it.

Not sure about £20m Mcap..

But with a current Mcap under £4m even after this 200% rise, there is definitely a lot more room for this to move.

I wouldn't be surprised if today it holds around this level, before another rise tomorrow, as 200% is a long way in a day, and traders are everywhere.

But in the next few days, i see this stabilising around 1-1.5p

Looks Like Mister P didnt get the buy-in price he wanted before its gone up...

Spike, you were not here all morning when this was rising up to 12.5p..

Because you were Wrong.

You are still wrong, as yesterday you said this would go down, it didn't.
You said this would go back to 7-8p today and it hasn't

Yes its currently back in the 9p range, but it has not done what you said it would yet.

I got in at a reasonable 5.5p, and still hold. I nearly sold when i got a quote at 11.8, and maybe I should have.

But i am still happy to hold for this to go back up.

You have been deramping all week and its only being going up over that time (despite a few dips)

So i would suggest that you grow up and either buy in or go away

Was thinking about buying in here, but the spread is sooo wide, hate buying at a 20% loss already...

I hope you derampers managed to get it as low as you needed to buy in..

Lets see this back on the rise again now.

This share is bouncing around more than Zebedee from the magic roundabout...

Good luck trying to trade, you may make 10-20% here and there, but you will be locked out at some point when this goes upwards sharply.

yeah this looks to have stabilised a bit.

I'm happy with this staying around 11-12p as more news comes and moving slowly up rather than spiking.

But I feel over the next few weeks 15p, 18p and 20p will be passed

Looks like the derampers are out in force today.

Lots of people obviously didn't get in at 10p, and want the price to go back for their entry point.

Buy now guys and join the party when it hits 18p again.. and then 24 and 30.

Rebs,

Dont forget the shares which are due to be added from the Newmont placing.

Its 146 million now..

I think someone mentioned it the other day, Its the Adviser's that are involved who are the same:

From the RNS:

Advisers

Maxit Capital LP is acting as financial adviser to Orosur with respect to the transaction and Fasken Martineau DuMoulin LLP is acting as legal counsel.

I believe it was Maxit Capital that also were involved with SOLG and Newcrest

*according to some posts on here in the last couple of days.

Not seen anyone say it on this share over the last few days...

So

Boom BOOM BOOM BOOM

Big tree shake happening as they try and fidn mor e shares now..

Don't get caught out, we nearly sailed past 10p the first time.

next time we will be singing So long Farewell again.

And again, to our old Friend 7p.

So Long, Farewell, Auf Wiedersehen Goodbye

I'd just like everyone to join me in saying Goodbye to 6p, and Hello higher highs and higher lows.

So Long, Farewell, Auf Wiedersehen Goodbye.

I agree Rigger..

If all you traders just stop selling for your 10-20% day trade, then the MM's will have to push it higher and higher..

Put away your mouse for the afternoon and ride this up to 10p, 12p, 18p ...