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It’s fair to say 20p is stalemate. Everyone has settled for this price including the mms / seller and potential buyer.
Definitely forced seller, let’s hope we bounce from here although my charts show 17.4p as absolute bottom but I doubt it will get there.
We were told of updates by q1 on thambani also yet no news. I must admit I am annoyed at the sp movement and Lewis can vouch for that lol but the amount of news in the pipeline including offtakes and JV is really promising. However I’m not believing anything until I see it. Let’s hope the seller clears out today.
One thing is for sure …..this week will determine if we go higher or lower because there’s no way the seller can continue in to next week. Remember the seller has been at it for months. It’s not just the last few weeks where it’s been more forceful dumps.
Yes they have. A simple google search with “ songwe drilling results “ will show various drill results indications of potential material.
The key amongst all this is not only the major rise in price for the RRE but the need for it being so rare. Eg . Gojj on d can rise but there’s plenty everywhere and the rise will be limited or probably fall back once Macro environment improves.
With songwe is become of serious importance and critical to many including governments as such. Now is the time to really kick on but we are strangely kicking the backwards.
Twitter feed has gone all quiet recently and someone is selling bucket loads. Russian or not we must get clarity. Hoping for a small bounce up today.
Lewis my lovely. Go on to the Mka Twitter feed. #mka I’ve just posted my trade. I’m
Not here to talk bs. We ballers !!!!!
Looooooool. Lewis your da best. Honestly. Thank you for the diagnosis. I must admit it’s rare to find such intelligence on these bb. Your knowledge is far reaching and hopefully I will get cured at 45p. I’m in. 67,786 shares large today. Boooooom coming.
Ffs. Caved in. 67,786 shares added today. Look for my trade. You all forget I’m a holder ….. a believer but this s h Tt is p sssss ng me off.
There. You. Have. It. Kept 40k shares of powder dry. Now who the h is this Russian.
Crumbs. This is my issue with certain holders. Why do you feel that making me sound or look stupid is relevant to the share price ? It’s just my opinion and I would rather buy at 22-23p knowing it’s going to hit 35p + I love sentiment and currently this genius thinks nobody is buying for a reason. Rumours of placings etc etc are not easy feel. Good luck. See you at 17p.
It’s not only the seller we should be worrying about but the lack of buyers also.
This is going to break 20p support most definitely and then what ? How low will this go ? Absolutely crazy. Can’t believe I don’t feel like buying at current price ….no buyers out there. I hope cristalbal has protected his 500% gains lmaooooo
Pivotal week coming up. Dip to 17p or bounce to 26p. Place your bets.
Bonker. Seems like you know way too much for your own good. Yes. Fund managers do change minds on a daily basis and this is the exact problem here.
You all seem to think this is one big gravy train. All have rose tinted glasses on that cant see any issues with all the positives I’ve mentioned resulting in a 50% decline and yet more selling is on the way.
Good luck fella …..we are all going to need it here and bags of it. Just pray the market don’t sell off or we could see some really strange share price that will cause a few to faint.
That’s it. Attack me. Make yourselves feel better. Search my history , find faults …..still won’t take away your depression guys. It’s a shame you have to stoop so low …… oh on Thursday he says this ….last week he changed his mind and says this lmaooooo. W t. Ffff is wrong with u guys. Find managers change minds on a daily basis. Company fundamentals can change quickly, investors change minds and make decisions on a daily basis or actually on 4hr chart candies.
I’m just saying what we are all thinking. All the hype with no real substance. Delay after delay with the supposedly fast track used. Huge selling ….I mean huge selling over months now. 50% drop in price when RRE hits records Highs. It’s just does not make any sense. So why don’t we focus on this supposedly “ goldmine” of a company and what’s next.
Personally I think they have made a decision that’s upset a big holder or hone against their investment policies. They have dumped. If market sells off from here we are in big trouble.
Larus. Truth is painful and one must learn to hear it on these bb.
Fact is the buying pressure has not outweighed the selling pressure. Now god knows who’s selling but my thesis is we are going lower than current levels.
Everyone feels it but nobody wants to say it. Because I say what most are thinking I’m the mad guy who is talking bs. Look it’s very simple ….to me there’s a big problem here for a seller to be dumping at rapid pace. Expect 17-18p this week. Sad I know but we all know it’s coming unfortunately :((
To think I can’t stomach to press the buy button when I wanted 21p because I can feel this going lower.
All the tweets, articles , rns news and TR1 holders have done nothing here.
I have never come across any stock before that has had so much positivity in press and material Compsny news only to lose 50% value over a few months.
So going back to my original point ….. hands up who thinks these 20-21p buyers loading up won’t sell before 30s when they making 50% ??? That’s my point. Any news gets sold in to and world markets in general don’t look good.
Tin hat time guys. My new entry here is 17p. Just my opinion and an honest assessment of what’s happening. Ps. No director buys ?
Now imagine IF that rns ever lands that we hope …..there will be am “ awful lot of sells “ banking their profit and the price retreats again.
Even if you believe in charts or not the sentiment and charts indicate lower from here. Lower highs + lower lows. All it will take is one of those 100k sells and today’s buys would be in vain so although I’m praying for 30s 40s n more it’s highly unlikely we are going anywhere fast.
Also what price do peeps think the raise will be at ? 24p last raise and it’s currently at 23p. My guess would be 20p mates rates only to institutions.
Hi guys. Anyone care to quickly summarise here. I’ve been looking for a while but never in depth. There’s many references of different blocks and drilling etc.
Can someone bullet point the blocks , percentage of interest and time of drill. That would be amazing.
Also how much money do eco have because they got done from the JHL acquisition also and now this raise.
Many thanks guys. Hoping one of you know can post this.
Cristalball, Amazon investors are also unhappy , do you want to tell them the sp has risen 15,000% lmaoooo.
Good luck to those that got in at 5-6p. You could be in profit by £2k or 10k. Regardless of that it’s sad to refer to the old sp and not what the company and its price is doing now.
39p down to 22p is nut looking good. I’m not unhappy because I know my money is safe, but don’t discount out seeing teens the way this is going. Then your 500% goes down to 300% or will you then tell me you banked your profit at 39p and de-risked the rest of the 5k shares. Lol.
Good to have a bit of humour on here :)))). but reality is far different. Good luck anyways chaps. Let’s hope these raise and get back to a decent level.
Lewis - I trade and also happy to hold long term. What I’m saying is what most are thinking …. We are in a race against the market. If you look at the VIX index it’s gone from below 10 ( very stable ) towards 30-40 range ( volatile) hence the 2-3 % swings happening in the US.
The markets will correct very hard, I just hope we don’t get caught up in them. Also in comparison as I posted about sovereign …can’t help but get slightly jealous that they managed a 100% sp increase inside a month.
Seriously after all them tweets months n months ago there’s like a damp squib and more importantly the sp has completely died down where those 10% gains look a distant dream.
Ps. Time to look without rose tints. Yes the long term looks great as a company going forward ….let’s hope the returns justify our investment as shareholders.
Not sure what you guys are smoking but how is this “great news “ ??
We have enough on our plate to carry on and finalise without messing around with this new location that will no doubt take very long to validate.
What’s happening with thambani ? And rutile ?
I just don’t get why they would raise more money at these low prices to go and pi ss about at sone new location.
Last raise was at 24p so I guess it will be the same again.
I’m all for expanding …..once you have your house in order, at the moment the house needs more attention.
Looks promising we hope. It’s really strange but am I the only one who feels we would need Musk to tweet about MKA in order to get a 10% gain? Seriously it just feels like those days from December /January where we would pop 8-10% as normal are many miles away ….yet we enter the most important time in the companies history.
Let’s hope we can get done blue. Big sell yesterday of 250k+ and today of165k + showing up. Regular 50ks being sold. Something don’t add up.
I think that fomo roti mentioned has expired lol
We have not had a 10% gain fit a while.
Would be nice to get 27p on ask today and a 10% tomorrow.
Either way I would be ecstatic if we can close the week close to 30p. Sets us up nicely to target 40p on 2 blowout rns statements.
Just looked at the sp rise in the last month or so. 25p > 52p today. Not bad.
Only way it happened is concrete news like offtakes and rutile reserves etc etc. I am dreaming but I guess there is hope.
Personally I don’t think it’s wise to announce anything public that will take 3 months to finalise, however let’s hope it all meets up at the same cross roads and we get a rise like sovereign ……it’s the least we deserve.