Member Info for Kalan

Since 12pm the amount of shares bought and sold are roughly the same sumo - the buys have just outweighed the sells in the past few minutes and the price has just ticked up a little.

A song as I don't get the blame if it sky rockets. Lol.

It's up to you of course asaiaka. Every indicator I have just looked at says don't buy yet. However, the ops update is due and could be in the next hour or two - so a buy now is a gamble IMO on whether folks are going to be so impressed with the update that they pile back in. All the indicators suggest that they aren't in that kind of mood and it would have to be a stonking update to get them back in just now. Some have made such a decision and bought below 3p - they may be the smart ones - we will see. hindsight is such a wonderful thing.

You could be right Bill - the dip today could be just the intraday low and 3.1p could be the support line at the end of the day. If the update comes this afternoon around 2.30 then we have time for an uplift before the close. 2.8p or 3.1p makes a difference to the % gain in the long term but we will all be happy if the predictions for the next 12 to 18 months prove correct. keeping a close eye on it at this time.

They are under budget including the contingency so all is ok but just ok. it is good because the completion is confirmed. A dip before the next rise looks on to me but that's just looking at the charts which are not totally conclusive to be honest. Holding and waiting to add when the charts become clearer.

I think you have the secret of life right there - you got to be able to laugh at yourself.
here's to you paying off that mortgage. Mine's due to be paid off two years from now. £267,000 interest only so got to get the cash together - just need another £1500 and I am there - so more cautious now with the risk taking but a bargain is a bargain!

Oldskool - not the kind of thing I would normally watch but got bought the first book for Christmas a couple of years back. My son then revealed he had the first box set of the books. Read the lot and all the other books associated with the series. hadn't watched any of the TV stuff as I was waiting for the final book - but not to be so watched all of the TV stuff as well. Just read the prequal on the Targaryens - brilliant stuff.

Operations update may well be out this afternoon - JLP do that more often than not.
Hate to say this Bill but the charts and TA have been indicating a fall back below 3p for a few days now - Looking at 2.7p for the bottom or unbelievably 2.5p if 2.7p doesn't hold. Will buy some at 2.8p that's for sure. Fundamentals will out in the long run but the sentiment of 'investors' is what moves the sp - some have got out having recovered some of their losses and others have got in low and out at what they see as high - it's all there in the charts and technical indicators. However, sentiment can change quickly and a surprise announcement along with the ops update could turn things around.

Been looking at charts and TA for a few weeks now - we look to be at a bottom at the moment but may only be a localised bottom before the downtrend continues. Got my cash ready but waiting for the charts and indicators to give a better signal that the corner has been turned. The sp could drift very, very slowly until the deal is signed off. 23p will be a real bargain IMO. In a couple of months time we will look back and say why didn't I throw the kitchen sink at it - 21p or 22p would be an even better buy - hope my greed doesn't mean I miss out. Selling nowt.

Tungsten is coming!

I imagine the look on the faces of those who bought at .57p this morning will now be similar to the one on Jamie Lanister's face when he saw Brandon Stark staring at him. Utter bewilderment.

Fair point Jammer. Difficult to tell in a one minute summary on a show run by amateurs. Perhaps Leon will clarify in his next interview.

Can't fault your logic Macca 21. Fingers crossed it all goes to plan.
Now on a serious note does the Daily Mail have pictures of nuns on page 3.

Just been checking my investment here and the rationale, which I do from the point of view of a new investor i.e. would I buy this share now if I didn't own it?
Lots of things supposed to be happening this quarter which has just over 10 weeks to run.
Jig commissioning. Mine contract tender. Concentrator installation. Fully operational by end of quarter.
Also - all other projects expected to be reporting advancement this quarter. Also license application being progressed through the system.
The recent rise has priced some of this into the share. I was expecting .8p when all up and running and we have moved from .42p to .53p ish so about 25% to 30% of the expectation priced in IMO - however, the past tells us there will be some slippage on the promises. So if they half deliver what is promised in this quarter we should see a further rise to .6p+ by the end of June with a move to .8p in the month or three after that.
Delivery on production and bottom line which will fund the future projects and pay debt should see further advancement in the sp from thereon in. Have a conservative 1.5p target myself.
In conclusion maccas21 is taking a risk that his sell and buy back could cost him about 15% to 20% - so maccas - after you have made your investment it would be a bit of fun for us if you revealed where the money has gone and we can see if your gamble payed off. I for one would be cheering you from the wings so that your profits and original come back here to give the sp a boost.

Good luck maccas - will be good for us when you come back and buy 15 million shares with your gains.
Note that the mm's have bought 6 million shares approx. than they have sold - they must be confident of selling them above .53p. they don't do losses.

Agreed Billthebank - it will take 12 to 18 months to deliver the results on which that kind of valuation is justified. There will be short term ups and downs along the way. Up when we expect down and down when we expect up. On the fundamentals it looks a convincing story. The pipeline is set up and delivery (recently) has been very good. The key for me is Leon's 'inflection point' - the point beyond which we are self financing - he says we are at that point now - do the markets believe him? I do but what about everyone else?

Castleford is nowhere near Ikley Coggy.

Yes still here Geng - bought at .31p up to .45p on your tip and sold between .57p and .62p.
Started buying back in at .42p all the way up to .52p this week - sold a few of my JLP after the recent rise and moved it up here. JLP still my biggest holding but this is now firmer in second. Thanks for sharing your TA.

Anyone got a theory as to why so many tiny buys are going through at the same time?

0.8p on production and 1.6p on proof of earnings IMO.
Within the next 2 months for the former and within the next 12 months for the latter - after that it's down to the other projects and variations in Tungsten prices.

Hi Billthebank.- the share has been undervalued for a couple of years IMO - anything under 5.5p has been a bargain all along. Above 5.5p we need delivery on the projects on the bottom line. However, this hasn't stopped anyone selling - right down to 2.05p. Some have sold because they bought at 2.4p and made a nice 30% to 40% profit. Others have a core holding and topped up at 2.3p ish and have now taken the 'extras' of the table. Some are looking at the charts and indicators (which say the sp is more likely to go down than up to be honest) and will follow those indicators irrespective of potential news. Another reason for some to sell is that they think the perceived good news from the operations update is already priced in and only disapointment awaits when we get the ops update. We will then complain of the sell on news brigade and throw our hands up - why is it falling after a good update. After that update there will be possibly a lull in news where the sp can drift back. So I can see several reasons why some would sell. If you are a buy and hold kind of guy then there is no need to sell - it's going to 6p, 8.6p, 9.5p 10.8p and 15.9p according to various calculations and predictions - so in that case no I wouldn't sell - it's a multibagger from here. Everyone is different and the charts and indicators tell us something of what the whole rather than the individual is thinking. A small rise may be on the cards and a pullback is also on the cards. Will 3.1p now act as support. will it drop back to 2.7p. Will the fine chrome ops update be accompanied by a strategy announcement that blows our minds and sends it up to 4.5p? We don't know - nobody does but everyone has their own idea and acts accordingly. Good luck with your investment - the downside is small and the upside is large IMO.