Chances are that today is the bottom imho. We retraced back to the placing price, which as one or two more savvy individuals pointed out was always likely to happen. It may take another day or two for folks to realise we've actually stopped falling and then there will be a rush to get in at what they realise will be the cheapest price their gonna get and then we will have started the next leg up with the build up to the mets for added spice and excitement. Psychology of investing 101.
The thing that puzzles me is how we can get a 12% overall increase in total resource size and JORC compliance AND 2.7 MT of resource moved from inferred to indicated status yet the broker says the value is exactly the same as before this happened! Also we now have possible Copper credits and the resource is being touted as being open to both East AND West (as well as at depth), this makes no sense whatsoever to me. Is it laziness on their part or is there some other explanation...
No. I understand if you're not a chartist that you may take comments such as mine with a pinch of salt and that's fine, I know the power of correctly interpreting charts and make money daily from it (forex). Btw I'm not suggesting we will take out 3p next week neccessarily but the next upleg should begin and the next peak should be in excess of 3p barring any negative news being released. PDYOR.
Tlou has the only independently certified CBM gas reserves in Botswana, with 252 Billion Cubic Feet (BCF) of 3P gas Reserves certified in the Lesedi project area. In addition, the 3C Contingent Gas "Resources are approximately 3 Trillion Cubic Feet (TCF). The potential upside from further successful development of this area is phenomenal." Also drilling started at Mamba and initial project financing close to finalization.
Make no mistake first 'indicated' resource IS a big deal and will warrant a significantly higher share price. Whether that is achieved before, on the day of announcement or after is of no consequence. Just be assured that we're heading much higher.
Yes we had the golden cross some time ago and a nice peak in the price with a pretty standard circa 50% pullback now from the peak. I still stand by my price prediction next target around 0.00125 but what the charts can't tell you is exactly when but that's where I see the next peak hitting barring any exceptional news good or bad of course. My guess would be that we'll hit that peak just before or on the day of the JORC upgrade to 'indicated' status. That was slated as 4 weeks but also 'early Q4' so we may not have 4 weeks to wait depending on when that was written. I reckon 2-3 weeks, so maybe consolidate further here and begin to move up next week perhaps. BTW interesting posts today about Lundin thanks to all that contributed.
As usual Brad I have no idea what you're talking about but one thing I will say is to label someone that finds your posts meandering let's say, as well as off topic, as also an untrusted poster would in my opinion be a mistake. I may not like your posts but I've never failed to see the promise of TLOU and have never posted under any pseudonym nor posted maliciously against TLOU like that **** on @dvfn. Don't let emotions cloud your judgements, just as with investing.
M.A.T brilliant post, copied straight from Wikipedia but at least it's better than your usual nonsense, maybe try copying everything from Wikipedia in future instead of espousing useless conspiracy theories 24/7