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AXX, AIM1, AIM5 probably follow the same wing and a prayer... notice they are trading up now.
5 day line chart showing the formation of a cup and handle ....
3,758,554 got scalped rather than scalped - if it is the same.
@GreenWolf not ignoring advice from 3.14159 or Archimedes' constant. lol All advice is welcomed. Thank you for any tips supplied.
Good luck everyone and hope this turns around for everyone. :)
@3.14 (p),
Appreciate it's difficult to go positive...
@larrygrayson agree on an intra-day basis. on technical with illiquid AIMs.
Last RNS stated:
"In addition, the Company has stockpiles of unprocessed, part processed and fine coal, in addition to the coal that is being mined on a daily basis."
"The sale of fine coal is providing an additional income stream for the Company and several customers are taking regular shipments."
"The Directors expect the sales of fine coal to provide an increasing source of revenue for the Company over the remaining three quarters of 2019 and beyond."
"Subsequently the Company is concentrating on its commercial coal operations, whilst maintaining a dialogue with Tanesco, ..."
" Further corporate cost cutting measures have been undertaken and the Directors have not taken their salaries since December 2018, after only taking part of their salary entitlements in 2018."
"A further update regarding financing will be made as soon as practicable."
"Edenville expects to release its full year results for the year ended 31 December 2018 in early June 2019."
@Greenwolf possibly though there are to many technical indicators signalling trend reversal to be ignored. Latest is the Awesome Oscillator also signalling trend reversal. Let's see....
Interesting to see what happens tomorrow but technicals are pointing to a trend reversal. We got a nice bullish engulfing pattern on daily candlesticks. Some oscillators, RSI etc were pointing to a possible reversal yesterday which happened today. Going north felt like the path of least resistance today. All it takes is an RNS and going short here is exceptionally high risk. It's all high risk here anyway but shorting is higher than high risk.
Possibly but there no real money in it. Just sucking in peanuts or beer money. If they want to make real money they got to head north but if all they are interested in is a cold beer than have a drink on me...
This company is averaging just over 2 RNS a month. So on the law of averages we are due another soon. We are currently trading at the extreme southern tail end of the market profile price/time distribution. How we can possibly go south from here is beyond me but I would say never to low to sell and never to high to buy despite that an RNS now isn't going to be the end of thw world as we know it.... lol
Have a good one.
"... invest now where profits are nailed on, fundraising isn't a hobby and the guy running is a major shareholder and earns a reasonable salary instead of one that is twice that of the prime minister. ..."
Good luck with the above algorithm. Hope it works out for you. ;)
@larrygrayson
William James made good points on perceptions on meeting people (in your case the BoD). It went something like this:
"Whenever two people meet, there are really six people present. There is each man as he sees himself, each man as the other person sees him, and each man as he really is."
"I have decided to bail out of AIM" - bigboffer
Don't blame you. I also decided to bail out of AIM a couple of years ago or so..... :) I soon realised that deciding on something and doing it are two entirely different things lol
Every dog has its day. Bid offer spread ought to tighten. 24% is ace conservative... come on... still good to see some positivity.... if red hair is watching - which is doubtful - LIFT you got nothing to lose and everything to gain.
@larrygrayson You've got to be in it to win it. No point crying over spilt milk......
You've got to be brave to go short here as this could very well flip easily significantly on the upside. So, it's cover your shorts or sit long. If it wasn't for the green on the roulette wheel we would all be billionaires right.....
Go on throw in your t-shirt as well as your pants....
@larrygrayson,
Fair enough. Like you said it's a massive punt. Why put money on an AIM that you couldn't afford to throw in a casino? If punters did then it would be a good lesson for them. This is a casino and if you're not enjoying it then you've done something wrong.
Would be nice if the BoD put something out but my guess is they are enjoying a G&T or two rather than actively reading these boards with punters that are crying over backing the wrong horse.
Punters ought to learn, move on, and try win back losses elsewhere, preferably avoid AIM.
Good luck.
You might as well consider this a charity case and if you're nutty enough average out your 99% losses at these levels.
You could probably average it out to near damn enough the current trading price.
The fact is the company is sitting on a resource. It has demonstrated it can mine that resource (it's sitting on the surface). It just needs to sell it.
When you invest in start ups in Africa you might as well consider it a charity. In any event. it all goes to helping develop the region on a sustainable basis. Charities tend to feed people but not tell them how to grow their own resources to feed themselves. So in effect they draw out salaries and in opinion are the biggest scam of all.
Good luck and lose your pants.
Sure thing... Will forward my banking details to send transfers too in a minute. Thanks. Booking a flight right now and will be based in Mafia Island Marine Park. :)
Earnings per Share - Basic:
31-Dec-15: -1.00p, 31-Dec-16: -0.50p, 31-Dec-17: -0.11p