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IIs, debt providers etc are very unemotional. When PMO needed a debt rescheduling last year it took months and they extracted their pound of flesh with a very tough package, then shorted it into the ground to pick up more stock. PIs should take note that where a profit can be extracted - even a short-term one - it will be done. This stuff about 'long and strong' is so wrong-headed.
The bitching and calumny are a temporary squall, daz. It will blow over. But I am happy to use the filter. Why do PIs see the need for point scoring? Why??? Are these advances in the sp not enough? What an embarrassment.
...but of course it will be churned along the way. As with the previous RNS, no spike this morning as the story unfolds in the form of continued, good assay news which, let's be honest, is a yawn for the broader market even when positive. But as the broader market does not respond to this under-the-radar stock as the volume is too low, that's not a worry for me.
We know by now, as LTIs, that BA does not play to the gallery. I welcome that. I also welcome the restated (?) intention to get a revised JORC out there by end-Feb. BA has a record of poor time-keeping and he must know from all the adverse comment that he has to get it right.Ā No doubt Zaninovitch will assist. No crystal balls hereĀ but I'd be shocked if, with the continued dripfeed of good, old-fashioned, but dull drilling results and the looming revision of the resource statement, the sp did anything other than edge higher in a quiet market.
Yes, it's too dull for the herd but this is an investment, not a daily entertainment for greedy investors and assorted headcases looking to score points.Ā It's hard but please try to be patient and civil and filter anyone who keeps banging on about trading styles etc. rather than litter the BB with insults and innuendo. I'm disappointed, I have to say.
Meanwhile, this is on track for further advances, but too slowly for AIM's horizons, I admit. I witnessed, as I mentioned earlier this week, the speed with which stock was taken up at .1680 (ask) just ten days ago in a livelier market, so the idea of any retreat to those levels or lower seems a bit fanciful. But good luck if you see it back there again, as the alternative to a spike might be a churn, induced by the MMs, to whip up some volume. RNS news is like a stone tossed into a pond, causingĀ ripples which fade rapidly with time. The best time to add (or sell) is when these ripples are at their strongest as there is often an overshoot in both directions.
Wooldridge discussed debt funding with me at the AGM. That will only be available when we are closer to revenue with all pre-production boxes ticked. Hard-nosed debt holders without Chinese baggage will want to see where we will get the money to service the debt. I hope we get external (ie non-Chinese) funding as it adds diversity to the funding pot. A successful funding will show there is wider interest in the stock and will thus validate the investment case. It's all a bit too Chinese, for my liking, at the moment. As equity holders we should prefer debt to dilution. In any event, the Chinese have the funds to see us through to their off-take commitments and what happens in the meantime is no bigĀ concern to them, I suspect. It has been a good investment for them but they're mainly in this for the security of supply, I think.
.1825 - .1880
The ask is down but the bid is anchored. I wonder if MMs need stock. There is so little selling interest now that the RNS has sunk in. Expect that to change, however, as a higher bid might be the only way for MMs to wrest stock from understandably reluctant sellers.
I won't participate in any abuse of other posters - never have - and it follows that I won't support anyone who does it. You really cannot have your cake and eat it. This is a social media site and 'trolls' are always present - unpleasant but inevitable and of course they have an agenda. But I don't like inflated, pompous windbags either.
For myself, I'll carry on posting in as objective way as I can. But one particular pompous windbag is about to be filtered. The guy is ruining what used to be a friendly, uncontentious forum. Simply goes on and on... what a crashing bore!
I won't participate in any abuse of other posters - never have - and it follows that I won't support anyone who does it. You really cannot have your cake and eat it. This is a social media site and 'trolls' are always present - unpleasant but inevitable and of course they have an agenda. But I don't like inflated, pompous windbags either.
For myself, I'll carry on posting in as objective way as I can. But one particular pompous windbag is about to be filtered. The guy is ruining what used to be a friendly, uncontentious forum. Simply goes and on... what a crashing bore!
Fastjet, even-handedness gives comments credibility. I aim for that but I'd be shocked if we went back to the bottom of the trading range, as the brief visits to .1680 last week showed that buyers will scoop them up at that price.
You can also see this morning that hardly anyone sees these levels as worth selling into. If you seek further confirmation of this current move, that's quite understandable, so best of luck with it.
I suspect any move to a bid @.20 or above will elicit profit-taking amid increased volume - so the time to add will be when the mkt overshoots lower as that profit-taking runs its course. Be wary, be watchful.
I suspect buyers are positioned now for the much heralded move above .20. Early bids below .18 have failed to entice many sellers so the bid has now been parked at .1826. There's a real shortage of supply, I feel, so the sp must drift up. There is tangible progress here so stop sniping and get on board, I would say.
The ASK was bouncing quite actively off .1680 just eight days ago - happily, I myself picked some up at that price - and now the bid is at .1825. So it does look like the range has lurched higher and with good reason. MMs are thorough and patient when fishing for stock but it's tough.
Holders, imo, should reject these bids. Certainly, last year's long drift lower has planted scepticism - and this may be hard to dispel - but the trend has changed. Do your own investigation, of course, but I sense that adding at these levels will bear fruit. Just make your own mind up and don't be influenced by anyone - no exceptions - on this forum.
It's a sychogical figure, Ned. There will be sellers waiting to trade it down from .20. What we don't know is the strength of demand there, to counteract such technical trading. Frankly, however, these are short-term considerations, so of no major concern to us LTIs. Volume as always is the key. Traders are more likely to sell into any psychological level if volume were to surge. The drama, I'm sure, will duly play out soon enough. Never a dull moment with this exciting investment.
Yes, kezzd,it boils down to demand and supply. It's called a market, so to others I simply say 'Get over yourselves'. If you want to drive the sp higher, just buy and stop shifting the blame for a stagnant sp on market players. Nothing those verbose moaning Minnies say will change that fact.
It is somewhat characteristic of these BBs that people blame MMs, traders, profit-takers, and more - everyone but themselves, in fact - when the sp doesn't appear to reflect the fundamentals or doesn't rise quickly enough for the greedy sobs who people these BBs...
Greed? Yes, and there are no exceptions... that's what drives participants in a market - both the long- and the short-termers. There has been so much tripe talked on here recently that it's getting embarrassing. I'll be brief... if you want the bid to rise, BUY. If you can, yes, BUY. Just refrain from passing the buck, show your faith and B U Y.
Good morning. The bid has risen to .1870 just a moment ago? Yes, so what's not to like? This nonsense about greed is, well, nonsense... bordering on the delusional. If you've nothing else to say, I would simply button up. It's a market and buyers AND sellers must trade it or nothing happens. ffs stop ramping the thing... just STFU because a market will do what a market does.
1762 - 1898
The absence last week of a spike which anticipated the RNS has laid a firm foundation for further advances. Spikes, we know, just get traded and result in churn. Today's advance is more a case of an increasing ask as the bid remains relatively stable. Obviously the spread will have to tighten if this low-level demand continues.
Ned, you lucky fellah! I'm freezing here. Many happy returns for the 19th. We goats are very stubborn creatures. Yes, things warming up here, in at least one important respect and I'm certain we can stay the course. Maybe West Indies for me too next January.