Member Info for myfirstmillion

Personally I'd much prefer either debt or some off take agreement to fund the capex as our Valore shares could become extremely valuable with the quality of the Pitomberas and Angilak assets.

When they talk of 'significantly' reducing capex you'd have to figure in something like 20-30% savings? This looks eminently achievable to go this alone surely. We may need to sell a few Valore shares to get us to that point and then a loan or up front off take agreement for the capex to to start but we get another 500,000 Valore shares in August too...

If Carlsberg did RNS'S... a stonking rns today for so many reasons. I won't bore anyone by repeating them. The one thing in it I didn't see commented on was the extremely low capex of $9.5m to get us started and according to the rns this can be reduced even further:

"We also see feasible opportunity to significantly reduce initial CAPEX, which along with increased resources and Life of Mine, will significantly impact an already robust Project NPV and IRR. In addition, we would like to highlight the simplicity of the operations and processing route, which makes the Project amenable to a fast-track approach to production and cash flow, very opportune at times when we see peak iron ore prices and recovering vanadium prospects. A revised PEA with the inclusion of the discussed upsides is expected to be delivered by end of Q2 2021."

At this kind of capex level would there be a need to partner or JV? Surely we could do this with debt on our own. With payback being extremely quick or am I missing something?

Anyway we now have more Valore news to look forward to and another Carlsberg RNS in a couple of months. I haven't studied the chart today (obviously this stonking news blew straight through my 9.4p level) but I can see this continuing to rerate steadily throughout this year as we move towards production. I will not be selling!!!

Yes Dcat the treble digits indeed is where it's at and a juicy dividend cherry on top. My conviction that we will achieve all of that grows by the day.

I completely agree bebeto. With the recovery in oil price and todays announcement you have to think that adding the extra two drills for this current year has become more likely.

Seems like all partners are eager to make up for last year and with drilling cheap and production easy to add to you can see why.

Plenty of other companies progressing with assets abroad Brad and I'm talking about actual work on the ground not just securing funding that can be done easily socially distanced and or with video conferencing. You can't keep using Covid to explain the lack of funding.

Chart is looking good for a continued rise. Two of my methods are indicating a possible break of our daily trend channel with price reaching 9.4p if we do then we'll probably come back and retest the channel as resistance becomes support at about 8.4p.

On a broader theme. Zak Mir did an article some time back on one of the common themes of stocks like ggp, eua etc. that had gone up massively, we're talking 3 or 4 thousand percent in 12 -18 months. JAN is displaying those same signs.

Now obviously I would be foolish to predict that we'll do the same but we are showing the same characteristics which does give pause for thought and show the kind of strength we have here.

If any stock is going to do something like that it would be one with a low market cap starting point, we had that (and still do), they would have a small number of shares in issue and be tightly held (check and check) finally they would have huge potential (once again check). Just something to muse while we await news ;)

Should at least get the RNS this week about another tranche of Valore shares, last one was the 14th August and they're 6 monthly.

Why keep talking about ufo they have a bb for that share go there and ramp it up. As others have said it's done anyway. From nothing up to 3p and now back to 1p and people talk about a spike here! The likelihood is that if it can continue it's journey it will be at a much more pedestrian pace. BZT is where ufo was 9 months ago so the smart bet is right here. Also some of your assumptions about BZT smiller are incorrect but I'll let you figure that out I'm not here to make other people money!

We've had the strong surge in the oil price now natural gas is rocketing in certain locales. Will this affect the price we can achieve for our gas? We have gas now from Egypt and later this year from Selva...

https://twitter.com/JavierBlas/status/1360351218355347457?s=19

https://www.mining.com/web/jp-morgan-sees-commodity-supercycle-already-kicking-off/

A very nice announcement today of the Metrock acquisition well ahead of the proposed last date for completion (mid March) with the necessary licence thrown in as a bonus. Shares issued to pay for it at a 17.4% premium to yesterdays closing price. Orderly market lock ins and options at .40 couldn't really have asked for any better news.

Now we have a huge area to explore and I'm sure CB is chomping at the bit to get the EM helicopter survey done ASAP.

Talk yesterday and last few days from pops and a couple of others that he was past it, had taking his eye off the ball, had too much going on, even that he was too old, I mean come on, ageism in this day and age? Jesus the blokes in his 70's not his 90's! I said from day one pops couldn't be trusted and the rubbish he's come out with lately nicely proves my point. A superb rebuttal by CB.

I can see this doing a meteoric rise over time. It won't happen overnight but hold here for a year or two and you'll see some amazing percentage gains that far surpass a 5% here, 10% there strategy. AIMHO. PADYOR.

With today's strong bullish candle print along with some positive indicators I'm predicting another strong day tomorrow.

https://twitter.com/jangadamines/status/1359745588171005952?s=19

Interesting tweet with a report that states oil demand has yet to peak. Best estimate 2025 -2037

https://twitter.com/JavierBlas/status/1359438891795775494?s=19

Next news may be the oil seepage report from the WM licence. Not as exciting as Ash3 maybe but vital to enable the management to go out and 'sell' WM to prospective partners.

Mailgirl1,

There are many types of technical trader. Some use indicators, some patterns and some pure price action.

Each has their merits and their weaknesses. Many indicators are lagging in nature or limited and misunderstood in their correct usage.

Chart patterns such as double tops, head and shoulders, cup and handle etc. are open to much interpretation which can make them very subjective.

It is for those reasons that I favour studying pure price action. Reading the 'story' the candles are telling overall and combing that with demand / supply levels and specific candlestick patterns at those levels for precise entries.

Notice the difference between individual candlestick patterns that are made up of between 1 and 5 candles with very specific criteria and chart patterns that are formed by many candles with a much looser interpretation of the pattern.

I would say if you don't 'get' chart patterns don't use them. Instead focus on the aspects of TA that do make sense to you. Trading is a very individual thing, any 'system' has to make both logical and intuitive sense and must give you confidence in it's probabilities.

HFT is primarily used by the institutions and hedge funds although as technology has progressed over the last few years the retail punter has had the opportunity to participate albeit in a less sophisticated manner in general.

A good book to read about HFT and how it came to dominate the world's financial markets is Michael Lewis' 'FlashBoys' and if you want a great story of a British guy who did his own HFT trading from his bedroom (and made millions) read 'Flash Crash' by Liam Vaughan.

Brad, there's when a saying that goes 'when you believe everyone else in the room is an idiot...' I'll let you complete it.

Look at your track record man. Doesn’t that tell you something about your ability to pick winners? If it doesn't it should!

I'm not saying that TLOU is going to fail but I am saying that your judgement (by your own admissions) isn't good.

I never said we need to commit only to solar. I said if we had funding we had many more options. One of which was to get our connection to Serowe which is vital! Until we're plugged in we can't sell any type of energy, solar or CBM.

Drilling another well to dewater Lesedi is almost certainly going to be necessary they have said as much in the latest rns. Finally solar whether you like it or not is definitely going to play an integral part of our strategy. The world demands greener energy and that's precisely what the Botswana government will want to show the world. So yes we have enormous reserves of CBM which is certainly more efficient than coal fired power stations or diesel but not as clean as solar. They will need solar alongside the CBM to enhance it but more importantly to put a truly green face upon the project to placate the government.

Yes I remember Winnifrith, as I say Bobby I'm not here to try and convert, I know charting works. I know plenty of chartists that predict forex moves daily and make a very good living not from a tipping service but from trading. Many do share their trades but with the size of the forex market none have the kind of following that could ever hope to move the market.

A chart is a chart is a chart. They are all just a visual representation of all the buying or selling pressure in the market and all known and insider knowledge in the market.

Human behaviour although erratic and random at times is largely predictable by social psychologists and other scientific professions. So if human behaviour can be predicted to a certain degree then it stands to reason that a chart representing the human behaviour of buying and selling will also be predictable to a degree. I'm not claiming 100% but certainly enough to gain an edge in the market which is all we need look for. An outcome that has a greater than 50% chance of success.

The best forex chartists can increase the odds of a profitable trade upto somewhere around the 65-75% winrate which combined with a positive reward to risk profile and correct money management can be extremely profitable.

Stocks in some ways are easier than forex because with stocks you have an actual company that can produce profits or potential profits and you have time to hold the stock to wait out shorter term fluctuations.

Take EUZ for instance, the chart isn't a screaming buy right now but we all know that they have the goods in the ground and are in a very favourable locale as we're entering what many experts and market analysts are predicting to be the next commodities supercycle. We can afford to wait to receive our reward (well some can) but ultimately we expect to get a positive return here.

Nice close for Brent

https://twitter.com/JavierBlas/status/1357814914493145090?s=19

That's a very cynical viewpoint Bobby. By that logic why would any rich person ever help anyone else rather than be laying on a beach counting the zeros in their account?

I don't know if Zak Mir is rich (or connected) but I like his approach to charting. I myself make a living from trading charts (forex) but I'm not here to convert the unconvertable and of course the obvious question is so why did I get involved with EUZ, well I actually just went on the fundamentals with EUZ, when I got into this I was still working at a 9 to 5 job and was only just getting into TA so I went a lot off of fundamental research only. Mores the pity.

Daisy Duke was more my cup of tea.