Member Info for myfirstmillion

Was a much better interview today by Colm. Not his natural habitat but credit where credits due, much improved. Liked the reassuring message across all three aspects, as they say we just need to be patient for a little but longer...

The main point about today's rns is that it near enough guarantees that all 3 started targets (ppa, commercial flow rates and funding) will be missed. For the CEO to put his reputation on the line and promise those 3 things and then to have to all but admit that they're now probably not going to achieve them is a poor show. Time after time AIM CEO's over promise and under deliver, when will they ever learn. Under promise and over deliver! Of course we could still get the ppa and funding but it feels as if everything is dependant upon the flow rates which we certainly don't seem to be getting in Q4. The only plus is that there doesn't seem to be any concern with the pods and it's anticipated that they will be commercial indeed they may even end up better than expected given the amount of water that's having to be pumped out but it does mean further delay and it is disappointing after earlier promises.

Closed straight back over the 200 MA today after closing below it yesterday which is obviously a good sign that support is there for this to move higher rather than decline.

Lots of theories about today I guess because no news and a falling share price tends to make people nervous so they come up with soothing theories to calm the nerves.

FWIW I agree with Oiltaps posts today about what's going on. It's what seems intuitively correct to me and was my thinking also. It makes sense to drill west to get more into 'indicated' because it just makes us more valuable and these guys want a big pay day (bigger lol) just like we all do. Then further drilling may test along strike and from what has been said several times by LR I'm pretty sure they want to put at least one hole deep to see what's down there (more resource and possibly the Copper source), which will increase the inferred resource size overall. I have no clue as to JV's or buyouts but have noted the growing enthusiasm they are talked about on here. All I know is if we continue to do the work, increase resource size and confidence, do the boring (but vital) stuff too, then next year we should be in a very nice position and with rising metals prices companies will definitely be very interested in us and fair value is far in excess of current market cap. I'm patient as you have to be with these things. Might have some money to buy a few more soon, something I swore I would never do but since the mistakes were made which don't need repeating, I like the way things have moved on and sometimes an opportunity is just too good to pass up...

They are raising $5M the rest is coming out of cash reserves.

I haven't mentioned any figures so I assume you're asking how much would YOU have to trade to make £500 a week and by this do you mean how much time would you need? Or how much bankroll? Or how many trades? Because your bankroll size will determine how much you can risk per trade, which in turn will determine how many trades you need to make and how much time you need to spend doing it. Also appetite for risk... until I know your bankroll to make this hypothetical £500 I can't really expound.

"Million 
What does the chart say now Thanks
Did it forecast the drop of last 3 sessions"

We've closed dead on the last level of support which means if the market is behaving normally we should now move up from. TA isn't predictive in the sense that you can ever know with 100% certainty whether the market is going up or down. The most likely scenario now given we're at support is a move back up. If instead we move lower then that is showing that something is awry, either timing wise or results wise. "Could the 3 down days have been predicted?" Well the last raise came up against the 200 day moving average which usually requires major news or positive sentiment to break through so yes you would usually expect the price to back off from the 200 day moving average when news was not enough to break price through this key level and where would it go to? Where we are today! How long that takes also tells you something but that's for another time, I have forex trades that need my attention.

Good news. Onwards and upwards!

Brad you've a very closed mind at times. A chart shows simply and succinctly the mass participation of all market agents. Regardless of volume every buy or sell is struck at a given price and that price leaves a history of its own. The chart doesn't know or care whether it's a well being dug or water being pumped out or a PPA agreement, it knows only price and time. All buys and sells are done with the knowledge used by market participants whether that be public knowledge or inside knowledge, buy or sell, it will be acted upon and leave a 'history' of price over time. How that history is interpreted is how I make money consistently over time.

Sorry wrong share bts but the point stands nevertheless, those that decry TA are at a distinct disadvantage when trading and investing imho. It can get you in and out of trades at more opportune times than merely waiting on news or the vagaries of market sentiment to decide entries and exits which seems like madness to me but hey each to their own.

By the sea, unfortunately chartists can't legislate for news. My predictions were accurate some time ago given no surprising bad news. We unexpectedly had a placing which as we all know hit us for six just as we had some momentum. I make money every day in the forex market purely from reading charts and charts alone. If there was nothing in it I wouldn't be able to consistently do that but if you want to believe what you believe that's fine by me. Remember also that chartists very greatly in their individual ability. Some like to call themselves a chartist because it makes them feel important to predict a price on a bb. I like to make money pure and simple which is why I stay largely quiet for the most part.

Hi Swizz just want to say that I am in 5 long term stocks and day trade forex so I'm pretty busy but I really appreciate posters like yourself who post so much quality research with no hype. Cheers mate and may you and all lth holders here be handsomely rewarded for our patience.

I posted yesterday that I believed we'd reached the bottom but I thought we may consolidate there for a few days before moving up next week. The fact we've moved up already bodes well I would say.

RNS out all seems to be progressing according to plan. Expect much higher prices here going forwards... PDYOR.

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.

Banker original guidance was 4 weeks after the JORC rns we have to assume that hasn't changed.

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.

Chart tells me we should start the next leg up next week. Target will be to take out the recent 3p high. As always PDYOR.

Bobby 99.84%