Member Info for LythamSlim8

Great to see this upwards move beginning. Divi tomorrow too.

Could be time for the next leg up.

Gap from August 2019 closed. Bound to be a short period of consolidation now.

Reckon that news of a divi will be the next driver.

Hehe. That's the 1st gap closed. Next 1 is around £2.40.

Closed just underneath the gap left in August 2019. Tried a few times to fill this gap over the last 6 months & never got to £2.14.

Fundamentals are great & RIO is looking strong so this could go tomorrow.

If this price holds until the close, a tentative breakout from the downtrend is underway.

Game on!

Looks as if the downtrend from April 2018 is being broken.

Given the cash position last time I think we can guess what the figures will be - wouldn't surprise me to see a whopper payout around the £50m mark.

Decent volume today.

And not just a paltry 7.5% move either.

Big move coming.

£3 is perfectly realistic. Possibly higher.

Slingshot move coming to take it through the recent resistance around £2.10. Then onwards to £3.

Granto - always found your posts very informative during the last run up 2016/2017.

Have you seen this?

https://twitter.com/humenm/status/1290939741907673088

What do you make of it? I see that the RIO adr has popped 5% in the US - making new 5 year highs.

China has been setting new output records for crude steel:

https://auto.economictimes.indiatimes.com/news/auto-components/china-daily-crude-steel-output-hits-new-record-in-june-on-robust-demand/76994417

Good news about the ceasefire https://www.rferl.org/a/eastern-ukraine-ceasefire-conflict-russia-/30748183.html

One less thing to weigh down the SP.

Let's hope that £1.40 resistance level becomes support now!

Still struggling at £1.40 level. Quick pullback here should give it the impetus to go through.

The shift into supplying Asian markets was a nice touch - demonstrates the management are agile & resourceful.

Might rally into Tuesday. Looking good so far today.