Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like we broke out again today on the chart, hopefully it sticks and we can look to challenge the low 30's in the next few weeks... Must be patient though chaps, Queenie has her jubilee coming up and the boyz will need a couple more days to recover from the 'festivities'
Happy to share what I see!
It's important that the price responds to the trend lines of the pitchfork (like in the example I shared), the lines are like magnets to the price, pulling and pushing it. As long as price respects the pitchfork I'd expect the share price to touch at least the upper blue line before being pulled back to the median red line (or below) at some point in the next few months.
Thought I'd share for those that are interested in TA, pretty cool because of where the high / low on the 5th May & this morning printed. It would be nice to see that bullish channel hold.
https://www.tradingview.com/x/oNhwrDfi/
Current sentiment for the share isn't great and the obvious COVID/Ukraine situation has the market spooked which is why I think we've seen this steep drop leading into results. The company isn't going bankrupt tomorrow, the sale of businesses from the Portfolio division (which do not fit with the companies long term objectives) are ahead of the original schedule and Capita are still winning large contracts/extensions.
I think a short term target of 27p is reasonable from a technical and fundamental POV if no unexpected bad news included in results. This share has a ridiculously low P/E measure and I think the market will begin to see that the company is in a better place than it was 2 years ago when the share last saw these valuation levels.
Just to note, the cash received (or incoming) from recent disposals is probably higher than the current market cap!
Hope you didn't exit with a loss. This is a low MC tech startup with a pre launch contract worth 1mil+. Progress is always slower than the market wants, hence weak hands getting removed due to impatience and chasing quick gains elsewhere. These levels are for accumulation imo...
Yes there is the CLN provider, they'll be gone before the name change and further announcements designed to move the SP so they can afford further acquisitions or expansion for growth.
I think we've seen the lows before this happen yesterday
If the 0.3 low holds from April, I expect to see a run to 0.7 this month or early next. Averaged in at 0.35 with over 6mil. Doubt we will go lower but happy to add more if we do!
Already a 1mil contract booked, more in the pipeline and announcements to be made about other arms of the business which will also generate revenue! Good times ahead for all
Watch the stops get eaten today/tomorrow before we reverse at .26-.29 leading into the Turner Pope event.... GLA
You can see the pages by creeping about in the sitemap file of the site, it shows a few new links which reference 'Novum Sports' and 'Novum licencing'
Skitt, is that just coincidence the URL you linked is for a Novum brand? It's certainly the kind of acquisition of partnership news that would kick things off.
Another potentially related link here https://www.novumproductions.com/
Maybe today we will see another update RNS, after all the cleaners do need to be paid!
Spot on! Not much room for growth left with a 0.56M market cap and all the hype around Sefton/UNILAD coming on board....
Any Elliot wave chartists about to validate my findings?
In my opinion we are in the final leg of a complex correction targeting sub 4p. So far we have had an ABC (3-3-5 correction) followed by a zig zag(5-3-5 correction) these are connected by a W>Y wave at the beginning of November 2018. The Zig Zag is currently completing, this should be viewed as a good thing as the end of this correction should put an end to the decline in price - we should be taking our positions during the next week or two
I will share my chart with anyone who asks but won't publish publicly till I have taken my position
I don't see much issue in a return to 2.6 from these levels considering the events over the next month or so;
Drilling timings announced for MOD after the £15 million capital raise which was not dilutive
DFS release for MOD T3 after additional infill drilling and a rise in copper prices
Additional interest in a buyout of MOD
KML Drilling plans to be announced for the same prospective belt
MTR non-dilutive fund raise
I have been loading up during the retracement of the SFR news (we hit 78% retracement before today's rise) and intend to add more over the coming week. I believe this is a smart time to buy
Any market surprise from these events could have a significant effect on the share price. The market seems to value exploration success highly and as such any success for MOD or KML could mean large gains (20 million combined commitment to exploration in Q1? )
I'll have some of that at this price thankyou very much.
Happy Valentine's Day!
Things have slowed down here whilst we wait for NMT news but nothing fundamental has changed in regards to the potential here. Still expecting the price to drift downwards below the NMT placing price which is actually providing some excellent support for now! Of course any drops below this price should be considered an even bigger buying opportunity
Unless I am mistaken, no further interesting information on the identified Charrascala target or an inferred resource from the drilling so far so all rather boring. Just a replay of the Waymar drilling and the more recent campaign by OMII.
Everything is being kept under wraps and it will probably be a disappointment to the market that this didn't give any further clues
Maybe @AGEOS has spotted something of interest. There is a reason NMT got involved here but it doesn't seem obvious
MM's will hunt the stop losses but a large amount of them are going to be set at 4.95~ so I imagine we will, in time, breach that price.
Not a great idea to sell at those prices but their orders will have already been placed. In my opinion we should reach a bottom later this month that will serve as our new base at around 3.8p.. We still have the issuance of shares to get through which will likely be a factor in reaching these levels + the delay in the technical report.
I will be buying before then but these are my realistic expectations based on current price action.