Member Info for LWHL

Of course. It must be me that is responsible for the three year low print today. All those sells over the past few weeks...you got me! You sure are one smart cookie. Just block me if you find my posts triggering, churl.

That is pretty much what I think too, bonker. Hopefully they can secure a finance deal that is not detrimental to current shareholders. Maybe a placing at a premium even? I have seen that happen elsewhere in the past.

GLA while we wait for something definitive.

Yep. I pulled my buy order the other day, as I knew 8p would not hold and I cannot see much support until the 6's.

Obviously positive news drops and it is a different game, but as far as Songwe goes, that 'any day now' record is broken.

Does anyone here know how we are doing on cash burn?

I bought in originally on the premise of Songwe being concluded (long) before this point. CoTec funding aside, it would be good to know where we stand.

I look at that stuff too (and deeper dives into the financials), especially for those that are an investment, rather than just a planned trade.

It does not always guarantee success though. Sometimes you get a Patisserie Valerie scenario. I was lucky enough not to quite trust the information in that one, so sold for a small profit before my gut feeling was proven to be accurate.

On AIM generally, the risks of...questionable information certainly seems to be far higher than on the main index, although there are plenty of examples of bad/illegal activity even then sometimes.

So all you can do is try your best and hope for some luck along the way! And obviously be cautious even then with position sizes etc.

Indeed, Taverham. Pretty sure it is in the marriage contract :)

F-F: It depends on whether I am looking at a day trade or a swing trade.

As an overview (and to be clear, I am a rookie chartist, at best), I like the 50 and 200 DMA, the 20 SMA, RSI, and basic Fib retrace indicators (sometimes).

I also keep an eye on the VIX, oil and precious metal prices, the DXY and occasionally the bond markets (especially across the Pond).

The latter ones IMO give a reliable indicator for the (short term, at least) direction of travel for the stock markets, most of the time.

There are so many other ones though, that you need to find the ones that work best for your own trading style IMO. Otherwise you can drown in all the data and various combinations and never make a decision!

Certainly open to hearing the thoughts of others on this topic.

There are some exceptional chart technicians on these chat boards, who kindly share their knowledge from time to time.

It is what makes these chat boards wonderful.

Not just me then :)

Yeah. He will never hear the end of it, if that purchase is not in profit fairly quickly!

So maybe the bottom is now in. Hope so, for his sake :)

Maybe, although as I said a while ago, AISC is key.

Look at FSM today. Been in and out of that one (luckily currently out). Gave to my mind a good update, but the markets are punishing them for rising costs, it seems.

Longer term, one would hope that the worm turns, but right now, it is a time for careful capital allocation and being prepared for laddering into positions cautiously, IMO. VIX has been rising (along with the USD), but neither remotely to heightened levels at the time of print.

Gold and silver prices are still (just about) in a bullish consolidation pattern IMO. Hopefully they will break, and hold, to the upside before too much longer. That will help us with those AISC's.

Robs60: I am not in a position to judge the performance of RR and whether or not he merits termination from ITV.

Selling his shares was not something that I liked seeing. Inside selling is always a potential red flag. Although not always a guarantee of troubled waters ahead.

I do not agree that he should be fired for that alone though.

I do agree with you that I would like to see the CEO fired (unless the next update is a real winner). That is because she ultimately carries the can, and is a fair target for the abject share price performance since she came on board.

We will just have to disagree on your allegations of inside trading here. But if you have proof, by all means do tell.

You come across as too heavily invested here and it is making you appear somewhat wild. And rude to your fellow posters in the process.

None of whom realistically can do much, apart from vote with their feet in terms of buying, selling or holding ITV shares, and of course at voting time too.

But as I have also repeatedly said, it is only the views of the big boys that matter here. So of course the BOD do not care about our opinions in that sense. It is what it is.

I also agree that building the studio business was smart and certainly a better use of funds than buy backs.

Buy backs IMO are almost always done to boost (artificially) EPS and thus BOD comp. Rarely to the benefit of wider shareholders.

Although in principle I have no problem with a buy back programme when you have extremely low or no debt, an already strong dividend and an overflowing cash balance sheet. And when you have nothing of real added value to acquire in the market, at a fair price. ITV is not in that category right now, so buy backs be damned! :)

I agree that ITVX is quite good. Have made a concerted effort to watch it, and it stands on its own two feet I think.

120p with this CEO? And in this market? I don't see it personally. But if the next update is strong, then I will gladly leave some on the table to run ahead of that 80p level, should it come to pass.

Excellent list of entirely reasonable questions, Ashton.

I hope you share feedback here, once received.

I can understand your frustrations, Kat, but not every poster here is a P&D merchant.

I hope it all works out for you.

It was not inside trading. It probably does speak to the idea that RR was not happy with the direction of travel at that time - a view shared by many here IMO - but I would not make such a statement unless I was sure of such things. Then I would address it through proper channels, not on a chat board.

There have been a lot of inside sells in the past six months or so, here and across the Pond. Many global names that everyone knows, and a number of others that only a smaller number of us will be familiar with. Be sensible.

But as long as the current dividend yield is safe, as I keep saying, then IMO it will be business as usual.

What I really hope is that the CEO delivers an update in March that will give creditable justification to her current remuneration. I have my doubts...but the dividend holds the keys to her continued employment, IMO.

If this is a value trap, well, as long as it pays an 8% dividend, then I (and no doubt) many others, will live with it.

FWIW, I will still bail if we see 80p or so unless it is based on something that suggests we have a lot more in the tank.

Agree. It is one of the things that makes this one fascinating. Someone must be selling, but clearly, we have for a while now had a regular buyer(s) at certain price points as well.

It simply will not just be the likes of me and a few other posters here, leading the direction of travel (and fairly consistent daily swings) these past few weeks, with our trading.

Anyway, the trading strategy works until it does not. Nevertheless, I continue to enjoy the ride :) GLA.

Due to K having overall control of Disko, the chances of success are IMO far higher, naturally. Assuming drilling goes well etc.

So on that, we are perhaps in agreement.

Ideally, you want the management here to get an even longer cash runway (based on selling the other stuff, rather than yet another raise) so that if K delay, for whatever reason, then you are not quite so much at the mercy of K. They really do hold all the cards here, for a number of reasons, to my mind.

That is another reason why specifics on the length of the current (post-raise) cash runway is really quite important IMO.

If Disko does turn out to be special (and I would want to hear that from K, not JAY) then the BOD need to give themselves as much leverage/protection as possible. You only need to look at a few other mining minors to see what can happen otherwise. Even those with commercially proven assets.

I know you are going to call me out on that last statement, Ashton. Right now, they are all unproven here - until or unless you start to see some definitive numbers attached from inbound offers in an RNS.

I agree. That early 370's level is cat nip right now.

The weekly chart looks somewhat weak, but IMO the monthly chart looks set for another test of the 50 DMA soon.

Anyway, another nice little profit on another day trade taken, with the 185p ones still in play, in case we get a positive break to the upside. GLA until the next trade, should I see it/take it.

Currently 1.99% on shorttracker. Presumably more under the notification threshold.

I think that number may reduce in the coming days; a good chance they took the early drop to unwind/reduce their shorts this morning. Might also explain the lack of a retest of the 68p level.

Lol. You are as good at charts as I am :)

103p remains my target for my next purchase here, but I am confident that if I get it, that will absolutely not be the bottom.

The bottom will be about 1p above whatever my final purchase price target will be :) GLA.

And who was to blame for that?! Pretty much the same people as those in charge now.

Anyway, you have a cash runway now, which will hopefully be long enough to see you through to Disko news.

You should IMO be lobbying the BOD for specifics on all the other stuff though, should the wait be much longer.

IMO they should have already had the full plan outlined and presented to the market, when they notified of the raise. You are their bosses, after all.

But that is up to shareholders to attend to, if any of you are inclined to agree with the sentiment. GLA.

Plenty of ways to skin a cat. Do what suits you best.

I only tend to buy for a trade if I believe that the business in question is fundamentally sound.

Not always right about that of course, and I get plenty of trades wrong too (as well as failing to pull the trigger sometimes, which can be equally annoying).

So, while I am aware of the risks here, I do believe they will come good eventually. The next update is crucial though, IMO.