Member Info for Legalwolf

13:40 to 14:10 - you can see buying volume equal to selling volume coming in after what looks like a selling climax. I also look at whether the (daily) candles leave wicks (shadows) at the bottom, which if so indicate buying coming in. The share price then consolidated between 1.08 and 1.13 for the rest of the afternoon. I can't fathom the NT to buy at higher levels, but cynic in me thinks maybe it was the MM way of getting rid of stock, forcing people to buy more of it?

As for now, the previous uptrend is clearly over (no s sherlock he says to himself), and so it's a case now of whether this consolidation results in another leg up or down. You can never really be sure of anything on AIM/HE1, but why would this gap down now, which would take more even more high volume selling. There was nothing new in the presentation and the plan hasn't changed from before, so again not sure why it would fall again. But anything can happen really.

The funders effectively pay their wages, so they have to toe the line. They could, maybe should, have gone for a different broker, but then none of them are benign when it comes to placings. It's difficult for juniors to raise capital on the LSE and in recent times a lot of them have had to give extreme discounts. The larger the raise, the more discount that the rich want to hand the funds over. I doubt LB has any say or role to play in the fund raisings.

But placings are a necessary evil of AIM, and we have to live with them and trade/invest around them. Or stick to blue chips if we don't like them. All imo and dyor.

Huge volume today and a very strong close. If Peel and placing lot are done, we should make a move for that gap and close it by the time news is out hopefully. GLA

There was nothing negative in the presentation, it was maybe just not delivered in the most polished fashion, or was just used to create FUD, with talk of JV and RNS expectations set beforehand.

I think if we consolidate well tomorrow, it sets a firm floor, and then just as easily as fear/panic can set in (on a day like today anyway), so can it be replaced by FOMO in a flash. That's why we love and loathe AIM, and keep coming back for more. It wouldn't be a shock at all if this climbs all the way back up to new recent highs, over 4000 trades today, but let's see. GLA

Yes, the gap is the clear downside risk. But it should hold as selling volume reduced by the time it hit 1p, and then buying came in at that level, and it managed to hold around 1.1p for most of the late afternoon. I'm sure the nomad/MM have had their fill by now, and not sure why they would want another run on the share price. But needs another consolidation tomorrow to be confident that the fall is done, and a resurgence is back on the cards.

We are mostly fickle (or human to be fair), and just as easily as fear sets in like today, so can FOMO. I'm sure HE1 will make us experience both again. MM must love it with another day of over 4000 trades.

Needs something to happen from somewhere, otherwise it will just head back into the lower 4s. I'm sure MR will be conscious that the market is worried about the finances here in the absence of Bres closing the SI and AI.

Closing strong - bodes well for rest of the week. GLA

One of those days, where you think its probably best to ignore all news and just look at the chart. Surprising reactions at both MATD and HE1 today. The former clearly has placing overhang that it needs to clear I guess, but should have gone up on that news and RNS.

Chart has been looking very constructive of late. I've added to my holding. GLA

HE1 likely did the presentation at the behest of the nomad/MM, who in turn likely go their posters onto the BB to create the necessary false high expectations and then FUD, and used it all to tank the share price. Lethal share but I'm up a fair bit on it and so can afford to take another risky trade on it.

I'm rebuilding at these levels. The selloff was on extremely large volume, which now looks like it has exhausted itself, and buyers starting to see a floor and value at these levels. I would like to see a close above 1.15p though, and then we can start to look forward again after today's orchestrated fiasco and run on the share price. Still, this is AIM and it plays by its own wild west rulebook.

Let's see if get the strong close. GLA

I think the nomad/MM must have unloaded their shares to coincide with the presentation.

Looks like 1p is the bottom and I have bought back in.

I've bought back in at 1p. Nowhere near as much as before, but for a quick bounce trade. Was NT again at 1p. Let's see how it plays out.

Slightly underwhelming response to what was a positive RNS and presentation at MATD.

Selloff was on very high volume and broke through some key levels. I had to step out the way as my profits were just being eaten up, with some losses from this morning's buys. Whatever you think, you can't argue with price action and have to protect your capital first. What a difference one hour can make, but this is the AIM Casino, and often does things that don't make sense.

Luckily I got in on the placing, but had to bail as my profits were just being eaten up. Massive overreaction to the presentation, but in the markets, you have to act on the only thing that matters, which is the share price action. Chart doesn't look great at all now.

Although most of the messaging was perfectly fine, and the start was fine, overall it wasn't the best performance from either of them to be honest. I think the question about why not raising earlier, or being helpless with the fundraising wasn't a great answer. I suspect some questions were planted from shareholders of other companies as well.

In hindsight, they shouldn't have bothered, given the impact on the share price.

Don't know why that presentation tanked the share price, but this is AIM and anything can happen.

Will be looking at JV opportunities following the EWT...

"Crew has been mobilised to site, and due to commence drilling..."

Looks very much like this is on for July. They aint going to pay crew for waiting around.

"Drilling and EWT will take 4 - 6 weeks".

"We will apply for a mining licence very quickly post EWT and that's why we have built the team."