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DB, when you say that it's "pretty clear technically" up to 35p, I don't think you could be further from the truth! I count 3 or 4 massive barriers on the way up.
Once bitten twice shy here. Tony has shown that his word should be taken with a jar of salt and that he loves a good placing (vanilla equity). If I could bet that there would be another placing within the next 3 months, I'd put some money down on that, rather than buy SO4 shares!
RTN, I am of the same mind. Think back to the pandemic crash...in the final collapse, there were a number of prominent commentators (e.g. Bill ackers) who were calling the end of the world, while they closed out their shorts and went long. A week later they announced that the bottom was in and that they had gone long - the world was no longer ending, thankfully.
Based on what happened yesterday at IKA, the small mcap here and the relatively low free float, I think it's not beyond the realms of possibility that we will see 400p today!
Gutted I missed this. I have it on my close watch list, but it moved so fast it took me by surprise.
TWD looking like it might do the same very imminently. This sector seems awash with interest now and not that many options to throw the cash at in the UK market.
I'm in for some. The EV sector is going wild now- ref Ilika yesterday. Chart looks absolutely ready for a huge breakout.
Nice pickup in volume and convincingly broken out of short-term downward channel. Still a couple of significant obstacles in the way, but if gold holds up (which it appears to be doing), I think there's every chance it'll push up strongly into the 30s after a little prior consolidation at around 30-31p to create a launchpad.
That's very entertaining Newboy. When you say "decent" posters I assume that you mean ones that state there's buying pressure, that they are having a cheeky topup or 10, and that they are confident news of the fast track FDA will drop anytime. LOL.
Ah yes, you mean the gold explorer (not miner)...that's hugely overvalued. Well, there's no accounting for insanity is there! that and tracker funds being forced to buy at massively inflated prices, pushing it up further into crazy ville.
Wbernard, good for you; why not putting together a post on the tech that's worthy of reading then!
Absoutely true that my comments on the price dropping are as yet unsubstantiated! They would have to be as I am predicting a slow grind lower over the coming months. Only time can validate it! Evidently - basics.
Care to be more specific about which gold miner? What comments? If it's HUM then I'm bullish on that.
Redknight, Earthling took the words out of my mouth there - NCM aren't in the running for anything imo! A bHP JV for Alpala is a possibility, but NM would be doing a uturn on his summer rhetoric and I believe that NM is a very tenacious man indeed, so I don't think he is going to allow himself to be pressured into anything.
Porvenir...hmmm. I want those assay results before anything more can be said on that. It's gone decidedly shifty and quiet on key results.
Same for Tandamyamgochi - want the assays before getting too excited.
Miguel, care to check out the financial reports instead of posting pie in the sky numbers? At the current rate it'll take them about 15 years to get to 100 units (15 placings later...)! Consistent cash burn of ~$7m/yr and ramping up commercialisation will burn through a LOT more than that.
As i said, dial shifting news flow is very unlikely in the run up to next October. Anyone who thinks that selling an additional unit or 3 is going to do it, is uninformed.
Wbernard - what precisely is unsubstantiated? I have made no comment on the tech side, which I like incidentally. This have nothing to do with that, and everything to do with the serious news vacuum that started today and will last for many months. And your effort at sounding knowledgable about the tech there (second paragraph) is frankly laughable. We all know that the potential market is huge - just got to get the FDA approval - big IF/WHEN.