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No position here but looks like a good result with Debt fully repaid by placing

Might be some profit taking from those who punted around 0.4p but otherwise other than any overhang from the placing at 0.5p risks have reduced significantly.

Moving up as expected

Just realised I've replied on the PRD thread by mistake, so will paste again for future reference

CDL presently trading at a 50% discount to Net asset value so could potentially rise 100% to get back to NAV.

I understand they have an interest in 3 production oil Wells due to comence in Q3 that is projected to return 0.8m in revenue (small beer but look at the present market cap) they also have a number or interests on the adjacent licences.

The big one could be the listing of their US baser mineral exploration arm which they own 100%

Would need to dig abit deeper into all the above

Particularly some of their numerous licences where they have eliminated the need to fund exploration by farming these out.

CDL presently trading at a 50% discount to Net asset value so could potentially rise 100% to get back to NAV.

I understand they have an interest in 3 production oil Wells due to comence in Q3 that is projected to return 0.8m in revenue (small beer but look at the present market cap) they also have a number or interests on the adjacent licences.

The big one could be the listing of their US baser mineral exploration arm which they own 100%

Would need to dig abit deeper into all the above

Dai it's completely different on every trade.

Generally the higher risk micro caps will need to deliver a larger percentage % gain to cover the spread and risk vs reward and constant monitoring and manually opening and closing out tranches.

In FTSE stocks its easier to rely on stops and limit orders actually fulfilling at the price you want them too, also far easier to trade in size and not worry about getting locked in or having to accept price below the bid to get out in size or having to break up sells etc.

As im sure you know. On AIM trades you have to be all over it at all times, much harder to trade in size in this present market and therefore its generally best to use any volume spikes to sell into strength.

In the small cap space, I'm not trading anything anywhere near the position sizes that I would have felt comfortable with two years ago when the small cap markets were awash with liquidity.

There were a couple of £10k buys last week on CDL and now its ticked up on thin volume.

Same situation with SGZ where someone took £35k on Friday and then it was walked up yesterday on each small buy coming in.

I've been watching a few like this on a number of micro cap stocks that have been in free fall where not even the MM's want to hold any size.

If someone then comes in a sweeps up all available they have to keep ticking up the price as each subsequent buy comes in to try to free up some stock.

In situations where there just aren't any sellers left you can see some aggressive SP reversals.

If any kind of volume comes into this It could move up quickly

Just like SGZ the other day.

The vultures have been circling this one for a while and started buying some this morning

I've never really listened to any of his content previously as for me this kind of thing just all falls under the broad umbrella of the 'charlatan trading educators' as Anton krell calls them.

If any of them were any good why waste your time trying to flog TA courses or getting into online spats.. lol

Tells me everything I need to know.

Just watched that swazers chart on prem uploaded to YouTube about 3 weeks ago where he talks about getting attacks from troll accounts online.

In fairness it does look like he accuratley called the drop from the 1p resistance area.

Quite an amusing post over on PHE bb from DrAnomaly talking about the coal miners in Bridgend complaining about a proposed Hydrogen plant :-))

Not seen swazzers posting over there recently.

He must be down a fair bit if he started buying at 4p and its now 0.4p

Cant be helping the subscriptions to his charting vlogs either!

In fairness alot of these gurus have taken a hit over the past 12-18months.

I'm glad I don't have followers that I have to create content for which is where the average guy can still have an advantage over the 'experts' as we don't need to justify buying/selling over an ultra short time frame if wanting to quickly jump into and our of a trade.

Dai

Looking near to a triple top on the chart at PRD.

Patience has been rewarded there but as you identify there might be diminishing returns in further headroom from this point in the trading range.

Could be right Kev

Impressive 'no news' rise all the same.

SP being walked up?

Bre-X scandal - well worth watching on YouTube

It's not drill results

It's not trenching results either

These are selective grab samples of rock chips that have been picked up by hand shovel & pick from existing artisenal workings where locals have previously dug up some gold that's been outcropping at surface.

They have will have bagged and tagged and logged these rock chips and then sent off to the QAQC assays lab which would Cost around $40 per sample to process.

Extremely low cost effective way of undertaking some pilot sampling of walk up future drill targets

Its rare that rock chip samples move the needle if its from known artisenal workings

Even greenfield rock chips revealing a new discovery zone unless its over a very large area

It's low cost early stage work usually to help define future drill targets

@Horult

Sorry just noticed you posted about frasers earlier on.

Not sure what time make of it just yet as wondering if Mike Ashley will want a bigger stake than 5% and if so will he want a seat at the boardroom table in the future?

Whatever anyones view on Biilionaire Ashley, I wouldn't mind being a pound behind him with his net worth of over £4billion

Mike Ashley has just bought in and holds 5.009576%

Norges Bank has stopped selling and reduced now to 2.97463%

Norges were loaning out shares previously.

Short positions have reduced from 5.25% down to

Total 4.21%

Added it back onto the watchlist after Tro suggested it recently

Last time it found support in this range and bounced of 33p it went on to reach 60p

Can't see it getting back to the heady heights of 400p anytime soon, but a trade back upto 60p could be in play and if they can get their USA distribution centre open that would surely put a rocket under the SP.

Need to dig abit deeper into timescales for their purpose built US distribution centre going live.

If anyone knows when this is likely to happen post it up as it should transform their business stateside.

Have you guys spotted this one?

Not seen such a fully committed out and out ramp account for a long time.

https://www.lse.co.uk/profiles/ria20/

Actually find it quite entertaining and in fairness whoever it is they have called some flyers recently but gets a shed load of hate from shorter accounts stalking it so proceed with caution

Just checked the CDL bb, the new CEO is already getting some hate.. lol

Think I'll watch from the sidelines for now even though it does look cheap.

If some dramatic inflection point / news happens I've added to the potential short term trade list given the present discount to net assets.

Let's see if the trolls buy in and start ramping it from different accounts in a few weeks time.

Looks a shady bb atm. :-))