Member Info for Madpunter

Why do you think it will go lower?

https://www.sciencedirect.com/science/article/pii/S0140988317304103

Laks have you read any of the Michael Lewis book's? They look like good reading matter for those who trade indicies and from the comments probably quite funny to boot. I'm going to look in the local charity shops (always like a bargain), but failing that there's always my Christmas list.

IMHO the sell or transfer of shares has been done in an organised fashion and is almost complete. Hence the golden cross with the MA's is now very close with only 24 points separating the two MA's , which I think will happen tomorrow or Monday (the one with the 50VWMA and 200MA is an early indicator).
https://invst.ly/9d363

JS490 - IMHO the sell or transfer of shares has been done in an organised fashion and is almost complete. Hence the golden cross with the MA's is now very close with only 24 points separating the two MA's , which I think will happen tomorrow or Monday (the one with the 50VWMA and 200MA is an early indicator).
https://invst.ly/9d363

An interesting article and comments posted by StarRage earlier on FRR. Anyone read 'The Big Short' and is it worth a read?
https://mathbabe.org/2011/08/26/should-short-selling-be-banned/
http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827/ref=sr_1_1?ie=UTF8&qid=1314748054&sr=8-1

In case you hadn't guessed, I'm commenting on FRR.

Is 0.8p on the Ask which is more than double the 0.39p of the quoted spread :-
Share Price: 0.375 Bid: 0.36 Ask: 0.39 Change: 0.0075 (+2.04%)
The price dropped 7.48% earlier to 0.34p before the bounce.

Timster- Here's a comparison of the extraction rates and the quality of FRR's oil I posted on the 12th November :-
Top quality at cheap prices.

FRR's sweet crude of 41.5 API would be to the right of Brent and WTI on the chart in the link below. In fact only the Algerian Sahara Blend and the Malaysia Tapis are of higher quality looking at the chart. Top quality oil that can be extracted for less than $12/bbl, no wonder the super majors are interested.
https://www.energyandcapital.com/resources/brent-vs-wti-crude-oil-what-is-the-difference/17

The interesting point in the link below is the Comparative Cost of Production Table, where only Saudi Arabia produces some of it's oil cheaper @ $10/bbl - $25/bbl, than the less than $12/bbl costs for FRR.
Comparative cost of production
In this table, which is based on the Scotiabank Equity Research and Scotiabank Economics report that was published 28 November 2014,[2] economist Mohr compares the cost of cumulative crude oil production in the fall of 2014.

Plays Cost of production fall 2014
Saudi Arabia US$10–25 per barrel
Montney Oil Alberta and British Columbia US$46
Saskatchewan Bakken US$47
Eagle Ford, USA Shale+ $40–6 US$50 (+ Liquids-rich Eagle Ford plays, assuming natural gas prices of US$3.80 per mmbtu)
Lloyd & Seal Conventional Heavy, AB US$50
Conventional Light, Alberta and Saskatchewan US$58.50
Nebraska USA Shale US$58.50
SAGD Bitumen Alberta US$65
North Dakota Bakken, Shale US$54–79
Permian Basin, TX Shale US$59–82
Oil sands legacy projects US$53
Oil sands mining and infrastructure new projects US$90
This analysis "excludes "'up-front' costs (initial land acquisition, seismic and infrastructure costs): treats 'up-front' costs as 'sunk'. Rough estimate of 'up-front' costs = US$5–10 per barrel, though wide regional differences exist. Includes royalties, which are more advantageous in Alberta and Saskatchewan." The Weighted average of US$60-61 includes existing Integrated Oil Sands at C$53 per barrel."[2]
https://en.wikipedia.org/wiki/Western_Canadian_Select

While Mohr has been selective in the oil plays listed in the table, there are few other countries where oil can be produced cheaper, with all of them in the Middle East. The links below are also interesting :-
https://oilprice.com/Energy/Energy-General/Saudi-vs-Shale-The-Breakeven-Myth.html
https://en.wikipedia.org/wiki/Price_of_oil

Mole - I've updated the Frontera Archive :-
http://www.lse.co.uk/view-general-chat-thread.asp?forum=commodities-and-mining&thread=41C7D130-7E51-4344-82E7-83B697F53322&page=last#last

Timster - They have been at that price since 09:12.

One MM is on 0.8p on the Ask.

Fair enough Mole. Was that from an email?

AJamesW - Mole was referring to the link posted yesterday. I googled the document and after a browse copied it to the Frontera Archive, but the link didn't work. When I read Moles's post this morning I tried the link in the Frontera Archive and it didn't work. For some reason it doesn't copy and paste every time, but the working link is now in the Frontera Archive.

Mole - I just noticed the same thing happened to the link in the Frontera Archive.
http://www.lse.co.uk/view-general-chat-thread.asp?forum=commodities-and-mining&thread=41C7D130-7E51-4344-82E7-83B697F53322&page=last#last

ma5k - The chart below indicates a golden cross using the 50VWMA and the 200MA. The 50MA and 200MA are still 80 points apart and they were 1365 points apart on the 20th September, so I wouldn't consider the lines parallel, as described by 1onic. I'm not trying to persuade anyone, just posting what I see in the chart and it looks like they will cross in a few days (the 50MA and 200MA). I previously posted a bold statement that I thought the golden cross would occur in two weeks on the 14th November on the M board, so I have followed that with today's chart. Your SOU chart is looking pretty accurate for the likely floor btw.
https://invst.ly/9bwf0

Laks the price doesn't always rise steeply as soon a the GC takes place, as can be seen from the examples in the link below. Also, some traders will wait for the GC with the SMA's rather than the early indicator that I've used.
https://tradingsim.com/blog/golden-cross/

https://invst.ly/9bvmd

The conclusion from the link is copied below :-
https://tradingsim.com/blog/golden-cross/
The golden cross formed by two moving averages. When the faster moving average breaks a slower moving average, we get the golden cross signal.
The most common moving averages for trading the golden cross pattern is by using:
50-period MA as a faster-moving average
200-period MA as a slower moving average
There are two types of golden cross indicators based on their potential:
Bullish Golden Cross – occurs when the faster MA breaks the slower MA upwards. This creates a bullish signal on the chart.
Bearish Golden Cross (Death Cross) – occurs when the faster MA breaks the slower MA downwards. This creates a bearish signal on the chart.
Three other averages you can use to spot a Golden Cross:
50-period EMA + 200-period EMA: The EMA indicator has the same functions as the SMA, but it places emphasis on the more recent periods.
50-period VWMA + 200-period VWMA: The VWMA indicator differs by placing emphasis on periods with higher trading volume.
50-period VWMA + 200-period SMA: The VWMA will react better to important price impulses, while the SMA will give you a peak into what the “herd” is up to. This method will provide you a slightly earlier trade signal versus using two SMAs.
I've used the latter, as it's an early indicator of the return of bullish sentiment. 1onic you have used the simple moving averages, which are currently 50MA @ 0.4050p and 200MA @ 0.4139p and are looking to cross in a few more days.

The conclusion from the link is copied below :-
https://tradingsim.com/blog/golden-cross/
The golden cross formed by two moving averages. When the faster moving average breaks a slower moving average, we get the golden cross signal.
The most common moving averages for trading the golden cross pattern is by using:
50-period MA as a faster-moving average
200-period MA as a slower moving average
There are two types of golden cross indicators based on their potential:
Bullish Golden Cross – occurs when the faster MA breaks the slower MA upwards. This creates a bullish signal on the chart.
Bearish Golden Cross (Death Cross) – occurs when the faster MA breaks the slower MA downwards. This creates a bearish signal on the chart.
Three other averages you can use to spot a Golden Cross:
50-period EMA + 200-period EMA: The EMA indicator has the same functions as the SMA, but it places emphasis on the more recent periods.
50-period VWMA + 200-period VWMA: The VWMA indicator differs by placing emphasis on periods with higher trading volume.
50-period VWMA + 200-period SMA: The VWMA will react better to important price impulses, while the SMA will give you a peak into what the “herd” is up to. This method will provide you a slightly earlier trade signal versus using two SMAs.

As I've used the latter, it's an early indicator of the return of bullish sentiment. This may explain the MM's taking down the sp today, despite good news, enabling them to collect a few extra shares ready for the rise.