Member Info for marineclark

I have the close at 6.70p on Google finance, a dam fine closing price. Follow up price and volume have been strong the last two days and are very indicative of a higher move ahead. I wouldnt take any profits just yet, though there will always be the "take your profits early" traders. A move to 9p is looking good. A break past that and 12p is on the cards. I do find that with mining stocks, that its better to buy at a good price and hold as long as you can. These do multibag more often than not. Especially with the future demand for copper staying high and increasing in the future.

Thanks Steve 4077, I know very little about porphyries but hopefully I'll have a better understanding once I've checked out your links.

The price is at a critical juncture right now. Its broken out of its current base with good volume. If we see follow through tommorow or next week then we could target last year's high of 9p in fairly short order. It was the break out this morning that got my attention this morning and I bought a decent amount to capitalise on the momentum here. Yes it was bouncing back and forth as you say before today, but thats normal when a stock consolidates. Thats over now, but it will depend on how the price reacts tommorow and onwards to see if the breakout holds. Breakouts do sometimes fail though. However, it it holds and rises than things are looking good. Never heard this stock until today, so trying to catch up on the fundamentals fast.

Anyone know the NAV for this stock? I just bought in on a breakout upwards. Looks like a potential multibagger here.

Luckily I didn't hold in ADV which has dropped 80 percent this morning. I always said Char was the better one to risk.

Happy to let the price settle for a month before reentering here. Now that the gas is confirmed, the next driver of the share price is debt finance, which is what I'm waiting for - expect it will take a while so not rushing to buy. It' be easier to decide after the next placing though, which is inevitable.

Is that 1900 ? I'm ony seeing 17500 on https://tradingeconomics.com/commodity/rhodium

Well done to holders here. I'll wait a month to let things settle before I start taking a position in preparation for the debt financing. Also, expecting more placings soon, so I might just wait for that first. Nice move today, not as much as I was expecting but see how the next few days look.

I can't think of an easier way to make cash than to buy the lag between the rally in the RHO price and slower reacting SLP price. The downtrend, lasting 2 months has finally ended, and the price is in the beginning of a new uptrend swing. I would be buying now, imo. Been a boring 2 months waiting for the seller(s) to F off, and was testing my patience, but this month is looking good, as Rho recovers to previous highs. FInally ready to see some movement back into the 120p and beyond.

Dividend is 0.92p per share or about 5 percent of the current share price.

Ex dividend is approaching folks. I waited for a pullback before I bought and it came today. Good time to get in for the dividend. But DYOR. Expecting dividend buyers to drive this up before then. Good luck.

... Let me just put on that seatbelt...:)

Something fishy is going on this morning. May the hook has caught some gold?

Nice one Stock1, I bought in the other day. Technicals look good. There is now a trend reversal upward, which was the reason I bought in. The IC GARP list should help with pushing this upwards. Just need a Simon Thompson tip , for more momentum. Analysts have given a price target of around 180p, so a lot of upside to go at this cheap price.

Three days of profit taking is now over. Expecting a return back to the 50p level before too long.

I just bought in. Can someone highlight the positives for investing in GFM, and also the negatives ?

Shakeouts will scare out some holders, but as I I see no drop in PGM prices so no reason for me to sell. I will be hoding for a few more months yet.

Price of RHo is holding. As long as it holds than I'm in. No need to repeat the fact that the microchip wont last forever.

The price action is normal for a consolidation period(base) where the price moves up and down inside a tight range. The base is only two weeks old ; it usually takes a bit more time(4 weeks+) to clear out all the sellers(profit taking from lows). Growth shares are more like escalators not trampolines. The breakout to the upside will happen soon enough. With time, as the sizeable cash dumps into the coffers each quarter, this will will rerate to close in on the mispricing on this stock.

Whats with these closing spikes on Google finance? Every night for the last few days, the closing price Google has spiked upwards? Bit odd. And the next morning its back to normal again.

LunaNera,

I would disagree that leverage is dangerous. Too much yes, but a small amount can make a big difference in reaching profit targets sooner. I can't say for certain whether BUffet used leverage, but I did hear it in a video I watched about his trading style. It was about 1.6 times leverage, so something like that so it wasnt a big leverage but small.

I would have happily leveraged a long position on SLP at 86p. With my stock trading accounts though, leverage isnt offered. Could do it with a spread betting account, but I prefer to spread bet on trading indices than betting on stocks.