Member Info for Kalan

OK speadie - tea or coffee - we should all make money here IMO.

…. said fall to 3.1p to 3.2p - it fell to 3.15p speadie and some just been bought at 3.43p - can't see any news out speadie. So not news driven - totally the sentiment of investors. 3.1p is a level below which people are not willing to sell but 3.2p was definitely the level at which people were willing to buy - with or without news.

Hi sumo - sugeted last Friday that it would take about a week and would be between 3.1p and 3.3p.
On Tuesday stated that bottom feeling probably has another 3 or 4 days to go.
Topcatz called 3.1p to 3.15p and lumo said the bottom of the rising pennant is in sight - not touched the bottom yet (quite).
So all the chartist stuff seems in play to be bang on IMO - we will see - but 3.1p was an upside target to break out of for a very long time and now it is quite natural for it to be retested before moving on up - there are however, no guarantees which is why, unless you are a trader, you need to have good fundamentals and a long time frame for investing IMO. Buying at 3.1p to 3.3p gives you excellent and improving fundamentals (although still not as transparent as I would like) with a chart and indicators that say you are buying at or near this bottom.

I think it's just another batch of folks waking up to the fact that the business model doesn't work 3 card. They don't get enough in to pay the costs. If they increase the income then costs will go up. The probability of increasing income is slim anyway - so folks sell up and walk away. Mr Foo and Mr Dik have done nicely out of it though. Can't see them getting the next placing away very easily which is where your comment is applicable - it will have to be cheaper next time. PI's being diluted to extinction but the salaries keep getting paid.

ToT has posted it on ii and IMO it doesn't contain anything that shareholders were not aware of.

I take it you have read it 34 deg south and are still here and I know TheOldTrout has and is very positive. The time to sell was a week or so back - the time to buy back in is now - why do people always sell at the bottom? The grass is always greener I suppose.

It is always a buy and a sell - everything that is sold is bought by someone else. A large seller is mopped up by lots of small buys usually and a large buy requires lots of folks to sell.
If the mm's are doing very little business and someone wants to buy at a lower price than they quote - they drop the price and that flushes out sales as people panic sell and they fill the order.
As Mick says - news will send it up or people will /are stopping selling at this low level and the sp will rise anyway so the mm's can make some more trades. The indicators / charts so we are in a mini bottoming phase after the pull back. A few more days of bottom feeling are in order I think.

Moneyhawk is right on the vagueries of the sp, particularly in an AIM company.
I have 3 shares - a week ago one was on a long term downtend but the indicators said it was about to bottom and find some stability - there has been no news at all but it did what the charts and indicators said.
Another fell sharply but the charts said consolidation and then a small rise - no news but it has done exactly that. the other, JLP, is in a long term uptrend with news expected. The charts and indicators said a fall from 3.75p to 3.3p or possibly 3.1p. The news hasn't changed that and the chart predictions are spot on again.
The charts tell us what people are doing - they don't reflect the chats on here as the chatters are generally positive about the share or come on to warn / wind up the believers with some negative thoughts.
JLP sentiment at the moment is one of relief that it has finally started re-rating upwards and a little profit taking / folks getting out after holding shares in the red for a long time. Anouncements and results can have a positive or negative affect on the sp but are most influential if they are in accordance with the general mood or sentiment of the fluid investors, not the resident ones or LTHs as they are often called.
Good news now will help the sp but if it comes when the punters are starting to consider investing then it will have a supercharged effect. About a week from now, some will be getting ready to get back in, sensing a bargain and the indicators will show this - announce a new deal then and the sp will propel upwards, but it will go up anyway without any news.
Find a share with excellent fundamentals that is under rated - e.g. JLP then use the charts and indicators to study the sentiment of other investors - this will help you time your purchase and top slice to re-invest if this is your strategy.

The delay killed the momentum jaytee - however more regular updates will be of benefit - instead of folks buying in knowing the ops update is due then selling on the news the news will be more random and therefore provide more excitement and sp reaction to news.

Expecting platcro pgm in late June and DCM roll out news to follow. pleased they have stated that any additional material to Kabwe has to benefit JLP.

Bron not Bran

Bran Arrya Brandon Sansa Windsor.
Bisexual just in case. A game of thrones name just in case. Popular on both sides of the pond. For good measure with an actress mother he could be in Carry on Up the Palace with a stage name of BABS Windsor.

Good idea Kate.

Hi sumoskier - the charts so a 4th successive higher high and 3 successive higher lows since we bottomed at 2.05p. The trend is up and now well established and this ties in with the fundamentals which are improving all of the time (we believe).
In the short term you could have sold at 3.75p and bought back at 3.5p to get extra shares for nothing - I didn't top slice this time as I thought the operations update was due and could spur us higher.
|In the short term, without news the sp will remain weaker and drop to the point where folks won't part with them - my guess is 3.3p with strong back up support at 3.1p and very very strong at 2.7p.
Any positive news, which must be getting closer, will push it up through 3.8p IMo and onto the next strong resistance at 4.5p to 4.7p.
IIMO you could risk selling at 3.4p to buy back at 3.3p but the tiny gain isn't worth it so traders will likely stop selling and be choosing a time to buy back in - news will trump this and see a scramble back in and probably new ii joining in. Holding but not expecting a sustained bounce without some sort of news.

Possible scenario - market makers have a large buy order at 3.55p which they can't fill - when there is no news today and the charts are saying a pullback is in order - they take their chance and drop the sp to mop up shares below 3.55p as punters see their paper profits being whittled down and sell into the fall - hey presto order filled - nice mm profits made - weak hands hand over shares to strong hands - news out and charts looking more positive - up she goes.

It's dead easy to explain the movements when you just make up your own scenario - like I just did - but I'm sure I'm right - wouldn't want to be out over the midweek. It looks like rain.

Yes good buying this morning - seems to be wavering at the 3.7p/3.8p resistance. In the short term it could easily add a penny from here but maybe needs news to push it there. This afternoon - perhaps?

"Stochastics say sp now at rock bottom. RSI is the one to watch - now at low 20's and a dip below 20 before rising wuld be bullish - not happened yet but safer to dip your toe now." - posted on Tuesday.

Update - pretty much the same but sp off the bottom, RSI crossed over (positive) and stochastics got their chin up off the floor - bottoming process well underway IMO - it's stock up time.

Have you run that past your new councillors Bob. Karen King in the deBruce ward would be proud of you - logs for British people eh.
Seriously - the Hartlepool results were fabulous - a real mixture - independents, far right, far left you have got the lot - the longer Brexit is delayed the more divided the nation is becoming.

Please tell me a former (or current) nun was elected - it would make my day.

Hi Thomas - it does make sense. Our CEO has just said we are doubling production and incomes every year and we are now a profit making company (JLP). GLR are an exploration company who's CEO has just said they need more cash after he has just got a placing away.
Short term the sp at GLR is under pressure due to the above.
At some point I think I will buy shares in GLR - the reason is nothing to do with what Colin Bird has been saying - it is confirmation of what he has been saying by Leon Croetzer that has got my interest.
Right at the end of this video he tells you why you should be invested in JLP and why an investment in GLR will be a good one eventually (question and answer section).
https://www.ukinvestorshow.com/videos/jubilee-metals-group-plc/
JLP has arrived for investors and GLR has more pain to go through before it delivers. Star Zinc and Kashito will deliver to Sable in the future - how long into the future and who owns them by then are up for debate IMO.

Simply stunning from Leon - you can tell he's proud and he means every word.
3 interesting points for me:
a) the company is preparing portfolios of recovery for major players in the industry - this looks like the next growth phase - rather than rolling out fine chrome or pgm recovery etc - they provide bespoke solutions for individual companies utilising the full range of developments that JLP has pioneered.
b)The company as a whole is making a profit - we will see very soon some figures with a positive earnings per share at the bottom of them - massively important to the institutions who are now picking up shares in JLP.
c) Star Zinc and Kashito are on Leon's radar - he sees them as feeding into our waste and extending the life of Kabwe beyond 10 years. He describes them as ongoing exploration however.
JLP has come of age and the growth is at a pace - bring it on.

I tend to agree with you Bring my reward - CB is in both camps and will look after each other. Which is why JLP holders may be a bit unhappy because we are not a 'sister' company of GLR - we should get the best deal possible. It will be win win if it happens so we shouldn't be worried - my bet is that Sable will start up without any feed from Star Zinc or Kashitu - GLR just won't be able to meet the deadline and/or raise the cash required for all they need to do. The speculation has, however, kept GLRs head above the water for at least another 6 months. Star Zinc and Kashitu resources aren't going anywhere and JLP has time on their side.