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IRR will also make profit from the Piedmont 50% offtake agreement. From a recent RNS - 'Offtake pricing will be determined via a formula, which is linked to the prevailing price of lithium products, ensuring IronRidge captures value-add margins.'
The largish constant selling above the 20p level suggests to me that the placing shares at 20p on April 27 are still being offloaded for small profit. 60m is a lot of shares to shift and who else would have so many shares willing to sell at these levels after the great news reported recently?
Unfortunately true. Without the constant 100k and 50k share sells the sp would be up 20% approx. Let's hope todays healthy buying flushes the seller out for good.
Going to the Ghanaian government for the mining license this year subject to a positive feasibility study. Events are moving quickly here, IRR with Piedmonts backing mean business. That's just the lithium. Lots of news to come on the gold and the forthcoming demerger.
It's the auto trades that are killing it. I don't profess to understand the system, maybe someone can enlighten us. I can't find another share in my watchlist that has any auto trades, let alone the so many that IRR suffers. Is it possible that IRR is being shorted? Seems deliberate manipulation to drop the sp.
Maybe we could get the Reddit/Robin Hood guys onto this somehow?
Why no news for at least a few weeks? They have 5 drills currently active on site, infill resource, metallurgical and hydro monitoring drilling is well underway in addition to metallurgical test-work in support of planned Feasibilty Studies, demerger news must be imminent, gold MRE is expected. More offtake news maybe, who knows what Piedmont are planning.
But watch out for the doosra that is a googly that goes on with the arm and can trap u lbw thus reducing your 50 dma. Uncle Tom Cobblers and all.
You have lost me there. The same amount of ZNWD shares at 12p would have been a lower dividend for BCN holders. Maybe i missed something.
If you read the BCN RNS on 25 Aug then you will see that the 12 month lock in date for sale of the ZNWD shares expires on Oct 29th.
Amusing post BMN but you forgot to mention EkXoc's big buddy Fibonacci who has all the answers.
Malik so you don't think institutions ever sell for a profit. Ridiculous and naive. Even you can't doubt that the RNS 2 days ago was negative for sentiment here, even if it is only temporary. Medium to long term i agree the prospects are good here but short term it could retrace further.
As you say we will see.
Doesn't bode well if BCN share holders are forward selling their ZNWD shares. That's an awful lot of shares to get through, approx 85m. Feel like ZNWD are a pawn in the BCN/Ganfeng game. A nice dividend for BCN holders on top of the takeover premium. If you get something for nothing then it's doubtful you will value them and so most likely they will just flip them.
Was expecting a tick up this week but that RNS has certainly stalled things here. Uncertainty is unfavourable for AIM shares in particular.
One day by the law of averages EkXoc you will call it correctly. Today? Doubtful. Maybe you are viewing your charts upside down? Please check this.
Just 3 days ago you posted 'Looks to me like a very similar pattern to what we saw in July is forming could get interesting soon. Once 29 is broken only Fibonacci knows where this will end up'.
Aim shares and charts don't have any meaning.
OK if you say so. I admire your confidence in them.
For all invested here let's hope you are right in predicting a good day tomorrow and bullish new highs forthcoming.
Holding here because of my judgmental call on the company and the progress i think it will make medium to long term. An exciting lithium play in a safe jurisdiction. News and sentiment drive AIM shares upwards, not drawing silly graphs on a chart and putting fancy words to them.
I'm devastated but will survive.
Anyone in doubt about the chartist's credibility should just read back thru their posts, here it's Twohits and EkXoc, and in general the ridiculous Zak Mirs.
On 11 August the sp was 27.5 and Twohits posted this: 'Trading so technically again, bullish hammer, bounce off support onwards and upwards. Look at the RSI, surely we get to 30s next couple of days.'
Yeah right, bullish hammer ffs. Pure unadulterated bull shine!
'usefulness of charts'. Did you mean to say 'uselessness of charts'?
The thing about you chartists is whatever the sp closes at, rise, fall, or no change, you always have an explanation. It's like the weather girl who can always explain that days weather just gone but has no idea of of tomorrow's forecast.
Now you see why the chartists are so full of BS.
Some typically stupid and naive comments from the Lefties here. 'The hateful Farage', get a life and accept you lost in 2016.
China will mine the Afghan precious metals using state controlled companies. They won't be listed on any market that's for sure. The Taliban will need money to further their global terrorist ambitions. China will gladly give them some for the permission to mine with an agreement they never target China or Chinese interests.
Good luck also to the Afghans dealing with the Chinese lol.
Surprised lithium miners are suffering at all given the situation in Afghanistan where it's expected China will move in and nab the massive lithium deposits there. This will only make lithium plays supplying to the west even more valuable.