Member Info for Kalan

SAVP - got my eye on the indicators and when I think the sp may have bottomed (tricky) I am going to make the gamble and add a few - if RSI drops below 20 and then recovers above I am in for more - currently at 30 ish. I will be delighted if completion of the deal comes this quarter after a top up.

Will have a look at CERP - thanks for the tip.

Bought RBD a while back but sold at about 15% profit on hype. I like the idea of spreading your oil risk with one company with multiple investments but haven't been tempted back in yet - will check back in to update myself on current situation - thanks Novykluk.

Good to here from you Novykluk - I still post on proactive occasionally - there are one or two still there - ToT is always well informed. He went to the JLP placing presentation and has since bought in. Operations update due out on 17th April - should be more price action around that.
Brokers have given two figures for SAVP- one in the 50's and one in the 70's depending risked/unrisked returns.
The thing we don't know is what would happen to the sp if the Severn deal is called off. That is the obvious risk plus the risks associated with the location. With the deal through and drilling underway 50p should be the minimum in my humble opinion.
Holding WRES, JLP and SAVP and would be happy with two out of three being successful. They are all similar - they have risks, they have imminent production that will transform their finances and they have all had beaten up share prices from over promising and under performing.
In terms of risk I would say low to high, JLP, WRES, SAVP.
In terms of potential reward from wher we are now I would say:

JLP 3.2p tp 9.5p 3x

SAVP 23p to 55p 2.5x

WRES 0.5p to 1.5p 3x

So I have most in JLP, then WRES and then SAVP.
Just top sliced a few JLP after the 50% rise and moved some over to WRES and got some left for JLP pull back and/or SAVP bottoming.
Good Luck Novykluk - sorry for off topic to other readers - I can be a little long winded.

I'm still here muchbox and will be in another 6 months if that's what it takes. patience - buy the cheap shares and wait and wait and wait.
IF (big IF) the agreement gets over the line then we are at 40p to 50p - then the drilling gets underway and if (small if)i t is successful we will be at 60p to 70p.
90% of 'investors' lose money on Aim - they buy when it is high and sell when it is low. - it is low - buy, don't sell. Goes against all human nature but do it.
Personally I bought this share for the drills - in at 25p to 35p - went to 40p and was holding for 50p - then the Seven deal comes along and transforms the company to the pain of existing shareholders - I feel brassed off, my patience is stretched to the limit, the time frame has been on a piece of elastic - this isn't what we were promised - instinct says walk away.
Stop - take a fresh look - pretend you haven't been invested here - look at the potential here - look at the share price - almost priced for failure already, look at the charts - almost ready to turn the corner. What would a new investor do - time the purchase of shares in this company with massive potential and a beaten up share price, so that's what I will do - look at it afresh - shake off my investor angst and pick up a bargain and wait some more.

Good luck with re-investing your money oilbagger - holding for that doubling in price myself - the charts and indicators say it could go a bit lower - looking to increase my holding if the indicators hit rock bottom. you pays your money you makes your choice - as I say good luck (JLP entering profitability and WRES about to double production - both worth a look).

That's pretty much what I was saying earlier Moneyhawk. Those sales should see the sp stay above 3p. The charts (my own amateur take) indicate that we could retest 2.7p and be able to buy at 2.8p - it will pretty much depend on whether the mm's have a pile of shares to sell that are sitting on their books - they don't normally like to hold onto shares even overnight so that would indicate that the shares have been sold which opens up below 3p but I agree that forward selling them would have needed more volume surely. Short term 2.7p to 3.1p low with an upside to possibly 15.9p. LTHs can relax - traders can stress.

Not BMR selling - they didn't have 30 million shares left - the last count was 16 million and they sold more after that.
This smacks of someone taking part in the placement - bought at 2.25p and sold at 3p - over £300,000 profit.
The mm's will probably have sold some in advance and will now clear the rest at above 3p - it may take the rest of this week or more to do it. but should underpin the sp - they won't sell at a loss but upside momentum may be constrained unless they already sold them all in advance but the volume of the share trading over the past few days would indicate that they haven't. Short term shenanigins , probably placing related, before the fundamentals re-assert.

"Pee or get off the pot time - about to breakout of our unexpected and long downward trend:-

http://invst.ly/ahocc

PS and OT - good run over on JLP - RSI a bit high now so taken most off the table"

Posted yesterday - spot on - also took some of my JLP off the table (temporarily) and put some additional into WRES this morning - a bit behind your curve but got there.

Been holding 3 shares for months and months - JLP, WRES and SAVP.
JLP broke out yesterday and WRES has broken out today - just added more there.
Come on SAVP - make it 3.
Buying what you know is cheap and holding does work (Warren Buffet) if you are very, very patient. GLA.

Spot on LUFC - the vox podcast said 3.07p needs to be broken and then the targets are 8.93p, 10.74p and ultimately 15.9p.
Could be on today (I thought it more likely at the start of next week) as the main indicator has turned i.e. topshare - 3 positive posts in a row from a disbeliever - got to have momentum now, lol.

https://www.ii.co.uk/discussion/t/chartist/1132748

The fundamentals and the management (by leon) have been excellent for a while - the difference now is that sentiment has turned and it is evident in the holdings rns's and in the charts. 3.1p is proving a barrier for now - been away for a few days and just got back - would have been tempted to trade a few with a sell at 3.05p and aim to buy back at 2.7p or 2.8p but not worth the risk to sell at 2.96p and hope to buy back at 2.7p or 2.8p - it could very quickly get away if 3.1p is broken and the upside thereafter is hard to determine - sticking to my 9.5p but your calculations would suggest that I am being pessimistic. A good week and about 8 trading days to the operations update. Might get a lull for a few days before anticipation pushes back up (and through 3.1p?).

Platinum at $900 per ounce, whilst palladium has had a long overdue correction to $1375. +$100 on platinum and -$200 on palladium is broadly neutral for JLP but for sentiment the platinum price seems to matter more and it's sentiment that moves the share price.

SP now acting in line with normal movements now that BMR appear to have sold out and the placing is put behind us without any great selling volume. May drop back to 2.5p or 2.6p on the bid before resuming upwards - sentiment alone could take it back up to above 3.0 but areal push needed to break out above 3.1p IMO and DCM fine chrome figures could be the catalyst - if they are good then imagine fine chrome plant at Platcro and Hernic and then also at the site of Major's with us creaming off a slice of their chrome. Plants should repay investment very quickly - how quickly may be revealed in the upcoming update (at least we may be able to make an educated guess).

Someone traded right on the 4.30 deadline Topcatz and the extra time allowed for another trade if it was coming to leave the market in good order.
Some who have been waiting for BMR to finish up and evidence that those taking part in the placing are not going to dump shedloads of shares are now comfortable with taking a holding - being a big riser today will bring others sniffing tomorrow. 3.1p IMO unless or until the news pushes confidence high enough to break through that barrier. Could be quite quick or 6 to 9 months to make the major breakout- patience - if it's needed.

Market makers done well there - they were running short so dropped the sp - bought £25,00 and sold £10,000.
They have £15,000 worth to sell and so can raise the price to 2,7p or higher to move them on - they paid an average of 2.53p aprox and so moving them at 2.7p ish would be a good close for the day for them. Got to hand it to them - they know human behaviour inside out.

Hi topsharepicks - thanks for the warnings - does no harm to hear a less than positive view on the shares we own - keeps us honest. Now in the interest of honesty- do you own any shares here. If not then thanks for the warning - fully received and understood and you don't need to repeatedly post the same stuff - we got it.
Now if you are just trying to provide a negative discussion to get the sp down so you can buy in because you missed the very long opportunity to buy lower - then good luck and we will tolerate your continued negative posting but we will be well aware of why you are doing it. good luck whatever your motivation.

MM's just dropped price from 2.55 to 2.70
to 2.5 and 2.65 - this is usually how they flush sellers out - making them think the sp is dropping and so they cash in giving the Mm's stock they can sell at a higher price.
In other words I agree JLPositive - there will be sellers and the MM's think so too.

Spread 2.55p to 2.70p

Looking at the charts - we got a higher high at the back end of last year and now, it appears we have a higher low. It looks like we have ended the downtrend of the last 18 months or so and started a new uptrend.
The market makers would be reluctant to let this rise if they new they had large sells to put through - they have held it in a narrow range whilst the BMR shares were sold off. Got my eye on 3.1p in the near term where we should get resistance. Once that has broken then the skies the limit - looking like and really happening can be two different things of course - the charts and indicators are just a guide to changing sentiment.

Can they send news via the regulatory News Service?. Are they allowed? They are no longer listed on AIM.
Mr Patel's corner shop near us is a private company which is not on AIM - he never issues anything through the RNS as there is no need and I don't think he could if he wanted to.
Surely FRR would call an extraordinary shareholders meeting to discuss the way forward and vote on matters after the outcome of the company is decided.

Ha Ha Michu - I don't think any share needs my amateur endorsement. When I read the 3rd party agreements which should fall into place - I instantly thought this is going to take longer than they are indicating again. If you were one of the 3rd parties that SAVP needed to get the deal through I think you would try to be the very last to agree to get the best deal. Would be very surprised, and delighted, if they get this over the line in the next few days.
Very excited about what happens thereafter - so not sold a share for two years and added a few as well. GLA.