Member Info for Phoebus

You're spot on about opportunity cost Q. Investors often sneer at trading, but locking your cash in an investment can mean you miss out on a lot of hot money trading opportunities, whilst your investment just drifts slowly. The hot money traders often still get some of the upside from the investment when it finally moves. Constantly striving to seek the right balance between trading and investing given market conditions.

I've had my eye on it also. Everyone's watching everyone else until this first few buy and then everyone begins to pile in.

delayed 1M buy just reported at 1.5p.

suggests this is THE move.

There will be some frustrated folks on the sidelines. Expect further inflows when they make it ISAble in the next day or two.

is not a sell, just me adding a few on the uptick.

Sorry, I must further qualify. 5th lowest float among AIM resource stocks under £4M market cap. 25th smallest overall out of about 300 stocks.

Well it's only had 3 changes of direction on the day chart in the last ten months with almost zero retrace during each move. It did 1.25p to 4.95p on the last up move, so here we go I'd say.

Looks like time to get in. Funding in the last few weeks at 1p giving a positive net current asset position and funds for gold exploration operations due to start Q1 2017. SP moving up for the first time since the placing and for the first time in many months having bounced near the placing and CLN conversion price of 1p. Market cap only £2.1M. Share in free float only 28%, the fifth lowest among AIM resource stocks, meaning that when this blow it will really blow. Last rally earlier this year saw the SP rise 4 fold in about 3 weeks. This is the fourth day with volume picking up and it looks time to back up the truck. Check out the chart. GLA http://charts-cache.moneyam.com/telegraph/Chart.aspx?Provider=EODIntra&Code=PML&Size=800&Skin=BlueWhite&Type=3&Scale=0&Span=MONTH10&MA=;&OVER=&IND=VOLMA;&COMP=&XCycle=&XFormat=&Layout=1Line&SV=0

You might be right, but I don't like it when a lower liquidity venue gets ahead on the way up or the way down. Often indicates a turning point, though likely only a short term one in this case. GL

Price dropped to 28.8p on the more liquid Warsaw Exchange so LSE now at a strong premium.

:D

GT, thanks for pointing that out. Can only buy £250 on quote and deal now. Think that 25% gap is about to close. I note that the other day when the SP went sideways for a few days, there was no arbitrage gap.

My point is more how the valuation changes so quickly over a short space of time with no news. This means either yesterday's valuation or today's is total BS. Shows the weighing machine is very broken at least some of the time. That's why we can make a lot of money on AIM. Blue chips are for wimps. AIM or die. :D

I've also been watching this for a long time and was waiting patiently to buy. Tried yesterday, but couldn't get liquidity at a nice price. Perhaps we will have another chance. Hope you are in big.

I'd say the move is down primarily to the very low free float of 23%. Short squeeze.

just goes to show how useless and inefficient the stock market is for valuing companies. Unless there is a bid or somthing, for a stock to wipe away what is almost 2 years of declines in what amounts cumulatively to about an hour of trading is frankly ridiculous. Good luck if you're riding the wave. And here is the denial RNS.

to get in. O&G sector recovering and WRL SP moving off all time low. Cash flow from project stacks up extremely well against current SP.

Getting totally destroyed on technical issues with a development well! What on earth is going on with SP? Drop is an absolute disgrace.

to buy on quote and deal.