Member Info for PortfolioPower

Market just starting to wake up to the potential here.

Expect plenty to be looking in over the long weekend and hopefully some nice exposire via the press would be great to see this race out the gate first thing next Tuesday.

Another compressed trading week next week to hoover up the cheap stock whilst it's on offer.

Looking good for a solid SP rally right through April into May and with the local lab times turning around assay results so quickly going to be some exciting weeks finally for all OMI holders!!

First it was NT to buy for £10k and above

Now NT to buy for £5k!!!

BEIJING — Zijin Mining Group Co Ltd , one of China’s biggest gold miners, has agreed to buy Continental Gold Inc for $1.33 billion, saying the purchase would increase its gold reserves and boost cash flow as well as profit.

The Buritica project, located in Colombia, has measured and indicated gold reserves of 165.47 tonnes and an inferred reserve of 187.24 tonnes, Zijin said

Our neighbours who sold for $1.3billion to the Chinese

https://financialpost.com/commodities/mining/chinas-zijin-mining-agrees-to-buy-canadas-continental-gold-for-about-1-bln

Looking v strong for a breakout rally next week

Agnico are still working in fhe district with the locals implanting the sustainability plan for both our MMA and our neighbours Royal Road Minerals.

OMI with now full 100% ownership of MMA have the far better ground with multiple gold bearing targets right across ANZA.

The neighbours Royal Road Minerals are presently valued at 27m Market cap and have been as high at 100m market cap.

They don't have APTA which is shaping up to be 2Moz+ of gold.

Plus we have a new discovery at PEPAS which could well be another multi million oz discovery.

OMI SP & Market cap can easily triple/quaruple from here and still look cheap vs our neighbours alone.

As the results continue to come in and the resources modelled up I see a 250m market cap valuation here quite easily.

If the Chinese come in looking to buy, they 1.3billiom is what they paid for Burritica down the road once that was in its early stages of resource modelling

Strap in for the journey ahead.

GLA

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Here's another site with all the Daily moving averages for you.

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https://lse.swingtradebot.com/equities/LLOY:LSE

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Looking Very bullish

GLA

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=LLOY.L

"Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 16/02/2024, 40 days ago, when the stock price was 41.83. Since then LLOY.L has risen by +23.52%.

Market Outlook

The bulls are in full control.

The negative sentiment that led to the last bearish pattern has evaporated. The current price is quite distant from the confirmation level, so the probability of a bearish confirmation is very low.

Besides, the signal is suggesting to STAY LONG.

It is best to follow the signal and continue to hold this security. The Delayed Intraday Module is OFF"

Markets closed tomorrow and Monday

So might get a few comps throw in an RNS late in the day or after hours..... or could just be a quiet one :-))

The one that got away eh Dai,

I think lots probably sold early over the past month on fears of a capital raise.

All the while the SP just kept trending upwards.

I posted over on RR. Around a year ago that I saw it contimuing the momentum and hitting 400p+ with a P/E around 14 so my target there has been hit

I will be moving funds from there into LLOY.

whist the market is not pricing in fair value for the significant sustained free cash generated YoY here this is a buying opportunity.

I might not look obvious now, in the same way when this moved up c.400% post the 2008 crash from 21p to 83p but it will look obvious in 12-18months from now imo.

GLA

Of the Top 10 US based peer banks all are presently valued with P/E ratios between a P/E of 12.5 to a P/E of 18 with the mid point P/E of 15.25.

Lloyds is presently trading with a P/E 6.89 allowing plenty of room for the share price to put on some significant weight before it could be considered to be priced 'fairly' vs its US based counterparts.

The UK banking sector is long overdue what could be a major correction to the upside and should Lloyds SP continue the upwards momentum that has recently been seen to move toward a P/E ratio of even the most Conservatively priced US counterparts the shares would then be trading around 110p.

Even at that price, when benchmarked against its US based peers, it would still be difficult to argue that it would be overpriced at those levels.

Some interesting trades been printed over there again this afternoon.

One showing miles & miles below the bid at just 1.23p.

I wonder if they would like to take the SP all the way back down to that level like they did in April 2020 before letting it go on a rip up to 8p zone.

Does seem like a concerted effort to push it down atm.

Still just watching patiently..........

Doesn't really matter who is funding it, The drill crews themselves are mostly third party drilling sub contractors.

I occasionally look at gold futures and there are many ways to play these on a Leveraged or non Leveraged basis.

Another alternative to CFD which has rocketed in popularity is spread betting.

It is more the gambling side of things for short term trades.

I know we did a whole thread on lots of different brokerage accounts previously

There seems to be more apps that offer spread betting than ever before. IG/ spreadex being the early ones.

It's not something I'd encourage as I'm sure there are many who get addicted to this type of thing far more easily than normal investors.

Can't say for certain, but I imagine it's the gamblers who go around these boards getting very angry with everyone . Lol.

Dai,

Its taken far far longer than some of their holders had hoped for, and Zambia is only just coming out of their wet season, so the big heavy tracked drilling rigs can't move onto site until all the mud roads have dried out otherwise they'd just get stuck.

Given a year has gone by that's a decent amount of cash to throw at drilling this and next season.

Anglo have very deep pockets so can afford to take on much bigger drill programs and drill 1000's more metres in a single program than what a small junior would normally be able to accomplish on their own.

Anglo are only interested in discovery of a Tier 1 size asset.

If they do land on one, there would be plenty of pie for ARCM to share in.

Dai,

A rollover is the process of keeping a position open beyond its original expiry date.

The position can be both held long or short.

Many leveraged trades bought on credit have an expiry date attached to them, at which point the position will automatically close and any profits or losses will be realised. In some circumstances, however, the trade can be rolled over. This means that profits or losses will be realised and the trade gets a new expiry. Often, a rollover will come with an associated charge.

You could open a position on credit and just pay the interest for the period the trade is open, if it reaches the maturity date and you want to roll it over for say another month, you'll pay a fee to the broker for doing so.

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I'll let you know if/when I jump in, but suspect there could be a bit more downward pressure in the short term.

Tro,

Looks like the MM's might take this back down on little to no volume in between news.

Would Deffo sweep up another chunk if they take it right back down to the 1p area

Chunky £120k rollover just printed.

SP still struggling under the 1.8p placing price.

Still watching from sidelines to see if the bashers bring it lower.

Should be another placing bear trap reveral once Anglo American get out drilling (they have committed 10's millions in free carry drilling to earn in to their Kalahari copper belt project so must have a level of confidence.

Mentioned as a possible post placing bear trap reversal play.