Member Info for Kalan

No Geng doesn't look a complete div - no not him. I have made money a couple of times on Geng's charting in WRES. The share has fallen through support against all our expectations and this is what he is pointing out - as a share falls there are points when it can turn - the charts show you the most likely points but they are not certain by any means.
The last chart geng posted showed a long term gently rising trend which should bottom at .29p ish - the bottom is rarely bang on but usually very close. Apart from one late trade most shares have exchanged hands at .28p so the predicted support level isn't dead in the water yet. It also showed a shorter term but still protracted downward pennant which the share has stayed within as it has seesawed downwards. The battle IMO at the moment is between these two formations which represent longer term optimism and shorter term pessimism. The winners will be the ones who take advantage of the share price whilst it is in this battle. Bought more at .28p and expecting a bounce back up to .32p which I hope comes from here but would prove more profitable if it came at .25p. Got cash ready to add more if it falls but not if it rises.

Unfortunately it left us short of cash for the short term which is why we are where we are. personally I thought it was a good idea to get the one company to provide the lot but what seemed like sense has not worked out perfectly.
Not worried as long as the mine produces what we are expecting and if so that will take care of all the worries. The short term problems have gone on too long for the short of attention span i.e. most PIs.

is probably sitting there watching the ramp up with finances sorted but not signing until he has to and wondering what all the fuss is about - everything may be going to plan for those in the know and we just get panicky and are thinking far too short term - day by day.
I know DB - targets missed etc etc. Yawn.

Agreed sankeys - 12 months from now the FTSE will probably be where it is now and SAVP will have doubled but in the short term it feels like we backed the wrong horse - learnt not to chase it - wait and let it come to you.

Hi safety. I agree but it should be balanced. Not 5 remainers and a leaver who has since changed their mind to remain for example.

BBc massive left wing bias at the top - Boris will give em a shot across the boughs - get em to cut back and get in shape and even up coverage. Worth preserving but need to get back to reporting news not promoting stories the ones at the top like. A bit like our universities - 80% of professors are lefties who indoctrinate students - not the institutions but the current post holders that are the problem.

Me too git. .29 by close?

Accept many of your points Git. Spending has been cut back. Labour spent 70 billion a year more than we were paying in tax and thats despite 40 new taxes they invented. The tories have had to cut spending. Remember the 3 countries tipped to go bankrupt in 2008. Greece UK and Italy. Greece went over the edge. Italy is still on the rdge. The UK has seen a massive recovery. The Tories get the macro and need to spend some time on the micro. Labour exagerate the micro and destroy the macro. In our nations history wehave only had 28 years of Labour government. In the last 50 years including to the end of this term we have only elected one Labour leader. Tony Blair. Why 3 times because for the first 10 years he succesfully mimicked the Tory party and then the smokrscreen fell away. Without the macro which is the strength of our natural choice of government the tories the micro targets are meaningless. Agreed they could do better. A clear focus with a tssk force and money can get the homeless situation sorted on a case bt casebasis. More people in than out of the country will however wipe out any attempt to do it.

Looks like we may get a small bounce here looking at the charts and indicators. Not trading it as the volatility has reduced so harder to make a profit trading a falling share with reduced volatility.
Not massively overpriced now either for those keen to top up - waiting for the bargain price myself - there is plenty of time. Should be better opportunities between now and March but if you are building a stake then taking them little and often on dips is a good idea. Most must be in the red by now and so averaging down will come into play for those people - almost everybody.

Maybe we are producing and selling so much that we don't need another cash injection - nice Christmas present - we can dream.

Hi getinthere it seems that even the homeless are capitalists - I live in one of the poorest areas of the country - Rotherham - and we only have one rough sleeper that I regularly see. It seems they gravitate to the richer areas where the pickings are better.
I was brought up in a council estate - my mum had 3 children by the age of 20. we had noo central heating or phone or colour TV or toaster or micro wave. At times my dad was unemployed and I had to queue for free dinners at school and take a chitty to the local shop for uniform items. I have never lived in poverty - we had food - albeit bread and jam or a tin of soup and chips to share or a crisp sandwich. We had clean clothes and a change of clothes and we had coal for the fire in the living room. We never ate out anywhere - we got raw ingredients and cooked everything at home
The people in Rotherham who claim to be in poverty and visit food banks have nail appointments, hair extensions, house phones and mobile phones, drink, some take drugs, eat out regularly - daily even. Many of them gamble money away on lottery tickets, football and horses. Meanwhile I have waited outside the train station for my step daughter and observed the 'homeless person' - he collects money in the day and then is visited by a bloke who takes his money for drugs and strangely he disappears at night - maybe he has somewhere warmer to sleep - I don't know.
What's my point - the poverty figures are erroneous - there has never been a better time to live - it is easier now than it has ever been. there are some who through no fault of their own come across bad times and we must re-double our efforts for them. There are also some people living in large cities where rents are high really struggling to make ends meet despite two wages coming in. The solution for them is to move home - they cannot afford to live where they are. I can't afford to live where they are - that's why I live here where property and rent is affordable.
99% of the problems can be fixed by those supposedly in poverty themselves - we should help those who can't help themselves - not those who won't help themselves.
My parents are pesioners now - they have NEVER been better off in their entire lives. My cousin has 5 children to 5 blokes - we have paid to bring them all up - the tax payer that is - they have had a large car - free and holidays abroad - I didn't get my first new car until I was 40 and have only been abroad on holiday about 6 times. The poor people where I live think that is laughable - they go abroad at least once a year.
The Labour party has an open door policy to immigrants (can't get doctors appointments, can't get your kids into the local school, queuing at A and E, housing demand goes up so rents are high) which depresses the working class people's wages due to the constant influx of cheap workforce. The people in working class communities said no to Labour because they are a big part of the problem and have none of the answe

As we said on Friday - Geng's chart said .29p was the bottom - also said that the turn around would be steady at first as the short term indicators are only slightly positive. charts eh what a waste of time.

I didn't say it would oldskool. I said that if it did - the non chartists would not agree that the chart indicated what would happen. Good luck with your buy target - would be a fine entry point if it comes. 0.29p is fine enough though isn't it - lower the better of course. Good luck.

Wish I had posted that dealer 55 - lol.
On the good news - for the first time in a couple of months the share is not massively overbought - it is just a bit overbought - shares usually go to being oversold before turning around so that point is getting closer - hopefully I will be watching when it does and will buy some then. The fall to here has been inevitable - a further fall is likely but not certain and will be limited i.e.it has fallen 40% but I think a further downside is limited to another 25% of where we are now. But it may be a smaller fall than that. Go on have a go someone but without supplying any thought of your own.

geng - excellent call from you based on excellent charting which shows an excellent representation of the sentiment in the share over time.
Charting does work with AIM shares and the price will do what sentiment says and you called it spot on. Not a lot in the one year chart (except RSI and stochastic) or one week chart (except macD) to suggest this is about to turn so maybe a slow turner - but your long term chart gives the big picture. Of course news on Monday sending it upwards will result in everyone dismissing your chart as irrelevant. Top up time.

We haven't been standing by. New customers are lined up and just need signing up and anouncing.
Niger it's no secret we will involve a partner. 146 structures to drill.
Niger is as big as Nigeria in terms of company value.
A takeover would be looked at but we are so far from the real sp value it would be laughable at this level. He laughs.
Buy.

It's in Rotherham so not pricey at all - (you can get a 2 bed terraced for £30,000) but it's a big house with big rooms - so spot on - just over £30,000.

Agree on Malcy Michu - he isn't that good at getting the wheat from the chaff. he wouldn't be touting shares for a living if he was. What he does have is experience and a lot of knowledge - so when oil shares are rising he looks great and can be of great benefit by making us aware of the opportunities we would otherwise have missed.
I owned VOG and sold at 80p+ and then bought back at 50p and sold above 60p on the re-trace and bounce. Malcy had been on a site visit at the time I was selling and was glowing about the company achievements but little on the finances. Fortunately I did my own calculations and decided the company simply couldn't become profitable. The shares now trade around 6p to 8p, well they did last time I looked.
Look at his reports and use his information, especially in a rising market, but have a pinch of salt handy. His target of 75p looks reasonable to me and may be exceeded but a target isn't a valuation. 35p before Niger drilling re-commences would do me fine. Thereafter drill success, oil to market and more customers on higher margins and 75p will be a breeze lol.
As for oil prices - trust in Trump - he needs a trade deal and a boom to get re-elected - he is manufacturing it in every tweet. the FED are dancing to his tune all the while. Awful President - great manipulator. Cause the crisis - solve the crisis - take the thanks of a grateful nation.

If I didn't know Masteman - I would say that interview sounds good - they have it all under control and the local investors and banks are queueing up for a piece of the company. Plain sailing.
But then I do know Masterman and he is a good salesman - confident, fairly eloquent and has more knowledge than his audience but only reveals the positives.
On listening I feel more positive, why because Masterman tells the story I want to hear - but then it comes down to do I trust him - back to square one - sorry Mr. Masterman - the malaise with the company sp is not down to the UK general election or Brexit (try climate change next time) - it is down to trust in you to deliver what you say - I think you will but when I am not sure and I am not betting my house on it - just one of the rooms.

Pi's were saying come on what is the delay in an update - we want it yesterday.
ii's are saying this is a quick update as the 'ink is barely dry' on the deal.

PI's are saying 220m is ridiculous- we should be at treble that right now. 22p should be 60p 75p 90p.
ii's are saying it's worth 34p to 45p because they only count what is there in front of them - proven.

PI's need to adjust there thinking if they are to understand the share price better and temper their expectations. The big opportunity of course is that we can look forward and see what is to come and be there ahead of the institutions who are constrained by their methodology. Get it right and we get a bargain, get it wrong and we wish we had been as disciplined as the ii's.
I think we have this one right - Niger will double the sp and in the meantime we will see a re-rate to 35p minimum IMO as sentiment turns. When, how - who knows but Warren Buffet would buy this and just wait.