Member Info for Kev7722

Wave 3 target of 0.38... looking good here, still plenty of upside

Imagine how much fun the NASDAQ message boards would be if they subscribed to this stuff - Apple shares are $250 each so every other PI trade is probably a 1 code

Code 1 usually means, 'Oops, I pressed the wrong button whilst repeatedly trying to get live prices'... that said it would only cost me £4.99 to buy a share and then jump on here and start ramping away about a leak ;)

Still on the code 1 nonsense? Definitely not a leak... this is exactly what happened last Friday - people just not wanting to be out over the weekend...

Barnetpeter - I don't disagree with your assessment; in the absence of any other meaningful news the SP usually sees a rise ahead of the results (due towards the end of November).

I'd urge caution to anyone looking to get in now though - as you pointed out below the time to do that was a couple of weeks ago at c. 1.2p. Following the loss of the syndicate we've already seen strong indications that the results will be underwhelming vs. previous updates with regards to turnover, and in the market that the company currently operates there's not a lot they can do to address the wafer-thin margins.

One to watch now - give it a few months and this will drop back down closer to a penny... then is the time to stake build - especially given that towards the end of next year we may start to see progress in California, which is the primary value driver here

There will definitely be a flood of sells - that's not a reflection on the company itself, just investor psychology... there will be a lot of people that jumped in at .15p plus hoping to ride this all the way up in anticipation of an imminent RNS that have now spent the last few days panicking as it drifts... a fair number of those wont want to be in something this volatile now they're being given the opportunity to cut and run

Pirate is absolutely spot on here - I'd urge caution to anyone looking to jump in on a spike... the real news wont come until late 2020

To be fair the company haven't said anything about the EPO being signed off - this is all off the back of local press reporting on one throwaway comment from a deputy mining minister to a reporter, in which he didn't even get the name of the company right. I'm not saying that they wont get the EPO, I'm just saying that I'm not taking that 'news' to the bank....

Indeed - the EPO at least should have been a case of putting pen to paper... the delay in doing so is starting to suggest to me that the gov minister jumped the gun in announcing it to the press, and that EPO is not yet a ‘done deal’

You have 80% of your entire portfolio in companies that operate in the same sector and out of a country with a rapidly deteriorating political and economic landscape? Good luck

I thought it was pretty funny!

Done - the 4m top up just after 4pm is mine... although I'm probably overweight here already :/

Yes, in order to either provide clarification re. media speculation or confirm they know of no reason for the movement... they’ve already issued the RNS in response to the Zimbabwean press articles announcing that they’d been granted an EPO

Lol - that's not the RNS everyone's waiting for...

*no SP drift

I can understand the frustration - this has done all the right things so far: leg up, nice consolidation, so SP drift... if transformational news is all but guaranteed for Monday I’d expect a rise into close today too

glosman - Alkalb's reply to that tweet is a bit concerning - it sounds like Zim govt. have a bit of a history of failing to deliver of these types of commitments... really hope that isn't the case here

Anyone claiming that the SP is drifting, or about to start drifting, clearly isn’t paying attention. The trading volume is holding up, and the price is clearly bouncing off a resistance line not a support line... 0.1p will go, it’s just a matter of patience

Rt - complete myth I'm afriad...

99 times in a hundred a 'Code 1' is someone running a dummy buy/sell and accidentally hitting the wrong button... then kicking themselves because they paid a £4.99 transaction fee for all their efforts.

Contingent on whether or not there's confirmation of the signoff surely? Without it I think there will be a couple more attacks at the 0.1p barrier before it's eventually breached; probably a leg up to 0.12 - 0.15 from there... anything else is dependent on the RNS landing though

(All IMO)