Member Info for myfirstmillion

https://youtu.be/EVWAikAZSVo

I've been following this for the last week. There has been chatter about the way Silver and Gold are artificially managed to a low level as well. Would be nice if they had a pop at silver. Gamestop had a 700 or 800% increase in a week...

It appears that as me and mr moagi suspected, the 2MW to 10MW (glad that's been reiterated) is a contract with the BPC and distinctly different and separate from the 100MW tender which we and Sekaname are bidding for from the Botswana government.

This clarifies most of my queries but still does not clarify how much of this 100MW government tender we are bidding for. Sekaname have publicly stated they were bidding for 97MW but I can't see, a) them achieving this or b) Gilby being happy with 3MW! If Sekaname can actually convince the government that they have a viable proposition (debatable) I suspect a much more even split of the power. If they can't then we could end up with the whole thing.

This initial funding now for the 2MW is absolutely crucial so we can prove the concept can work in Botswana and with TLOU heading things. Nothing gives momentum like seeing something actually up and running already, producing and making real cash. Also crucial is the timing. From a trust point of view (shareholders in the company) and from a practical point of view (hiring for the transmission cables) this funding needs to come when they have indicated. ie. late Q1.

"We never mention our duffers do we"

EUZ!

https://twitter.com/scwilliamson24/status/1353839129532968962?s=19

They're aiming to finish the drilling around the time of the additional metallurgy studies being completed to bring it all together in the PEA so they may not be in a rush to complete the drilling if they know the metallurgy is gonna take longer, I know from other companies I've been in that the metallurgy is always the thing that takes longer. If the PEA is delayed into Q2 that's not a problem for me, more time to accumulate further should I wish too... Nice solid assays again today and a confident statement from the CEO.

The megawatts issue still makes very little sense to me and I don't think I'm being thick!

We've negotiated and signed a ppa for 2 MW, presumably scaleable to 10 MW as mentioned way back but I don't remember reading anything about scaling to 10 MW in the latest rns that declared the signed ppa.

That's my first issue. Then we have the contract being negotiated with the government. 100 MW is stated but Sekaname want 97 MW which would leave us with 3 MW?

Do I have this wrong or what? It's fine you telling us what you 'think' is going on Brad but what do you actually know 100% that you can prove by directing me to an rns that spells this all out with 100% clarity. Not supposition or inference.

What Zak is doing may look to the uninitiated like hedging his bets but in fact he is saying that he believes it will rise based upon current market action IF it stays above the support price that he gives. If it breaches that price however that would then invalidate the initial trade / idea.

TA can't predict price movements with 100% certainty otherwise everyone would be on it and be multi millionaires, there is a percentage chance of certainty for each prediction hence why proper risk control and reward / risk parameters are so important to technical traders.

Your parting statement, 'if you're in it to the end it doesn't matter' or words to that effect. Well for many LTH here I would argue that it could be crucial. If you are deep underwater and your break even price is high, say higher than Zak's target price then a good strategy would be to sell at that technical target and buy back in at a lower price thereby lowering your average price paid per share.

You further compound this effect by being able to now afford more shares at the cheaper price which in turn means that any future price rises will mean an even quicker route to breakeven or profits.

Shed - "Maybe Zak Mir followers who bail when his chart dysfunctions? :)"

To be fair to Zak Mir he did say "by the end of next month" so quite some time to go yet.

Obelix you should be able to buy the NMS size. I believe they have a regulatory requirement to fulfil NMS size orders at the quoted spread price. This is 30,000 shares I believe.

Dcat if you want to complain maybe worth giving the nomad a call.

People often say there is no MM manipulation, I have always thought they are completely deluded.

The job of a market maker is to literally 'make a market' ie. take price to a point where buyers and sellers are matched. This is often not what they do. Today there is clear demand and no supply so the price should be raised to the point where it entices sellers to step in. What do they actually do, drop the price! How in any way can this be seen as market makers facilitating the job they're supposed to do?

There is just one caveat and that is if we see a late reported large sell, barring that they're just manipulating the price down when there is clear pressure for it to rise.

With the small free float available here and the expected progress of the company this year I only see that pressure growing. Imagine when the 'herd' and twitter ramp gangs turn up it will be carnage here with everyone scrambling for shares. We could see some truly amazing days.

No doubting yesterdays announcement was much more positive. We finally got the interim ppa signed off and also and perhaps more importantly a connection agreement signed off as a Brucie bonus.

The Governments renewed commitment to CBM is welcome as long as it's backed by action.

The recommencement of the full ppa agreement is also welcome, there seems a refreshed commitment to getting things moving, I just hope that it carries through to real progress.

Finally and most importantly in my mind is talk of getting the funding. Now we have the ppa and connection signed off I would imagine the funding may come fairly quickly. I'm sure the ppa & connection were prerequisites.

So all in all a very good announcement. I feel a renewed sense of optimism around TLOU. Roll on financing and then we can hire a company to get us connected to Serowe!

I've changed my rec from 'hold' to 'buy' in light of this progress.

Well a new all time high price was traded today 25,000 bought at 6.2p and price closed above resistance. Couldn't be happier with this investment.

https://www.tradingview.com/x/e9G1EJtd

Couple of points, last weeks rns seemed very good to me, confirmed strong Copper grades and more importantly confirmed we have gold there just as CB had suspected! This is very significant when you consider the size of the potential tenement area. Why such a flat reaction then? Well to my mind it was because of the wording of the rns, it WAS flat, no trumpeting of the grades or the presence of Gold it just stated the facts in a very matter of fact even humdrum manner. Now the question you should ask is why? There's no doubting this was good news and with the size of the tenement potentially very good news but look at our market cap and the very early stage we're at with these assets containing world class Copper grades at a time when everyone is looking to secure future commodity supplies. Colin is no fool and has been in this game a long time. That rns was deliberately toned down in my opinion.

As for todays early drop, well they did the same on Friday down around 11% for most of the day but finished even. Didn't get enough cheap shares? Drop it further today. The Mankayan deal is coming and these thieving MM's want their fill for when they take it up when the news lands. Either that or someone has put in a very large order that's proving hard to fill.

Take all this with a pinch of salt. I'm not trying to convince anyone but these are my genuine beliefs. It's tough to make money on AIM for a reason. Just remember we have great assets, some with world class Copper grades and we have Gold confirmed now with a huge area to be tested. PADYOR.

Thanks guys. Tbh it's very little compared to the in depth research posters on here post every day, for which I'm truly grateful.

Ok first the technicals. Stochastic on the daily is at 77, overbought previously has been a fair bit higher at 89 and 93 so plenty of headroom. RSI is at 60 overbought previously was at 90 so even more headroom on this indicator. MACD has recently crossed to the positive and did so at a point just below the 0 line which is close to optimal. On the chart (daily) I have highlighted the relative increased volume of late. Also below the chart is the ADX indicator that shows trend strength as you can see this has recently turned upwards also. The point at which it turned upwards was a reading of 11 which was the same reading as when the last ADX uptrend started. Then it took us from 3p to 5.2p a 72.33% increase. If this was to be repeated we would hit 8p. That's not a price target or prediction mind just an observation. We could fall short or could continue much higher. The main takeaways from the technicals are that we are in a nice uptrend with clear headroom for higher prices, prices I would suggest above the 6p all time high. I was convinced we would hit that last week but a seller stepped in to spoil the party but note how quickly it bounced back the next day. With such a small available float we will have big up and down days with buys and sells the key is not to get too excited by either and remember the long term trend is nicely up and looks to me set to continue.

https://www.tradingview.com/x/zPssY9dt

Theres a bloke in the news today who threw away a laptop having forgot that he had 7,500 bitcoin stored on the hard drive from many years earlier when bitcoin was worth next to nothing. He's been trying to persuade his council for years to let him dig up the landfil site promising them 25%. The hard drive is currently worth 210 million loooool. Imagine having to live with that, going to work every day no prospect of an early retirement (I'm summising) but knowing you'd thrown away all that money...

Hot on the heels of Goldman Sachs J P Morgan now predicting an even higher price

https://twitter.com/JavierBlas/status/1349463311843274756?s=19

Hi all first post back here since before Christmas! Just had a quick butchers at the chart after todays lovely rise and it is looking superb. I would say we're very likely to hit or exceed the previous all time high of 6p either tomorrow or Friday. More detail and a pretty picture when the week closes ;)

Yes I noticed that grappa but that hasn't stopped a couple beginning to speculate 'what ifs' and on bb's what ifs soon translate into everyone starting to get excited with their own what if scenarios. I'm just urging caution.