Member Info for optimist59

Stonk , no doubt they work better on the ftse 100 than on Aim but some aspects of TA work better than others.I don’t have time to day trade but I won’t ignore a trend reversal.This share is mainly about the end game but in between there are bound to be top up opportunities.All imo.

I think what you are telling me is never to rely on tech analysis alone and that’s good advice but I don’t ignore it either.
There was a support line at 20p and I was going to top up on the bounce.Phil Taylor got in first at 21p .C’est la vie.

Well Ian ,so he a PI and he has gone long.
Not an expert at the life and times of Phil Taylor But I would have topped up at 20.5.Not a day trader but I do read the tea leaves.I think most people understand the concept of support lines and resistance lines.You must of anticipated a bounce off the 20p line.If you didn’t then you have learnt something today.

Had a feeling something was imminent just didn’t,know which way.This guy Phil Taylor whoever he is obviously feels the same and gone long.Thats all that has happened;a PI buying a lot of cheap shares.If a rise continues for the rest of the week we may be able to read more in to it.But 23p/24p is still a bargain basement.Pity really I was planning a small top up at 20.5p.All imo,Gla.

Would any company buy a mine when it’s too late to mine it.There has to be a cut off point and the sp suggests we are close to it.Perhaps that’s what Eua were alluding too when they published pictures of snow being cleared.Imo we are approaching a deal or no deal imminently for 2021.

Are there any miners out there that know how long it will take for a potential buyer to set up their mining infrastructure?

Say what you will about derampers they have done a good job here.They have pulled the sp back to the price they want.
I think 20 p is their target as thats where a support line is.Too often on Aim Bod’s allow it to happen whether by design or because they are powerless to stop it.One guys patience certainly ran out.I wonder if he can buy back in again at 20 p.

Their way of saying you have a snowball in hells chance.

A good point that was made a week or two ago.Most of the predictions made about the sp are based on 15 m ozs and at the current price of palladium .But palladium is predicted to more than double in 5 years and the calculation for a sale will actually be based on the average price over the lifetime of the mine.They have barely started to make electric cars so will that do to the price of palladium and rhodium over a 20 year period.Base it on the potential 40 m ozs and you something off the scale.I just can’t work this one out.

Then of course there is Rhodium.One million ozs is worth 10 of palladium.Even so how does that square with rivalling the Bushveld as that would push the Sp into £10,£20 and £30.

God forbid I should criticise the board but if we really have resources to rival Bushveld what advantage is it not to say so.Surely we want to tip off potential buyers not drive them away.If you were advertising a car you wouldn’t say “car for sale with 1 to 4 wheels possibly more.Just don’t see that tweeting a picture of snow is going to set the world on fire.

Upwards of 50p?
Tell that to “The Hooch”

Well I have seen the History of geology posted on this board but never has anyone posted what they believe is in the ground by metal, potential or known.Most people’s estimate of a sale price seem to be based on 15m ozs of Palladium.

Tens times the price of palladium,if only we knew how much Rhodium we actually had.I can’t understand who can possibly gain by us not knowing that.

A picture of snow says it all.
To start with we now know it snows in Russia.There is a clue in there somewhere.

I think Eua will have no choice but to issue an Rns soon though not for the reason we hope.Terrible news in the short term but I expect the FSP to be pulled very soon.The good news is that prices are going out and a sale in 2022 will be a good one.It was always going to be difficult sell a resource when you don’t know what you have.The best guess of Pi,s is about 15m oz of palladium.Get ready to top up in the summer.All imo.

All things considered 24p isn’t the worst entry price,down from 40p.I am hoping to top up at 20p in a few weeks if the big one doesn’t drop,

The fundamentals have not changed if you are waiting for the final deal but sentiment does seem to be moving towards a no deal short of news.Likely to hit 20p if you follow the charts,All imo,

Could be the buyers are waiting for Pgm prices to go up so they pay a little bit more.

26p is being dangled like a carrot, as if !