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JT that's not quite true. here excerpt is one of my recent posts ' .....don't risk more than you can comfortably afford - oil exploration is high risk, high reward'. I also post charts showing simple techincal analysis to try to help new investors identify trends, support and resistance levels. I don't need to do this. I warned when it was overheating here when the SP touched 5.16p as I was pretty confident that there would be a pullback/consolidation before the next rise to come.
I think that a pullback will happen soon with MATD as RSI is overheating at 86+ (see chart) particularly if no immediate positive news is due. Also today strong historic resistance level.
https://www.screencast.com/t/mIKn2Fxf
Of course I could be wrong and there may be sufficient sustained momentum and newbies diving in to push SP to around 6.9p where there is very strong gap resistance. But still believe that money is better spent here atm.
Good luck whatever your investment strategy is.
There's been a pumping crew working the boards for MATD sucking in the gullible who just notice the SP increase and get greedy like moths to a flame - many will get spiked there.
Those buying there today would be far better putting their money here imo.
There was a closing auction.
Close now reported as 4.22, bid 4.14, offer 4.3
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/AU000000RMP0AUGBXAMSM.html?lang=en
correction - through permafrost, sands, lots of oil (hopefully) and rock ')
Diver this drill is land based through permafrost, sands and rock. Try to get a t least some basic facts right before posting.
Good luck all genuine investors. The next SP rise will come soon enough just have patience and hold your nerve and don't risk more than you can comfortably afford - oil exploration is high risk, high reward.
Believe this ')
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/AU000000RMP0AUGBXAMSM.html?lang=en
Means you probably have a piece-of-shit car, because you spend your time trolling here rather than earning some real money.
It's a good job you don't do it for a living as you never post anything of any value in terms of research or technical analysis only deramping drivel. I thought you actually had bought in end of last week but obviously if you did you sold already.
https://www.screencast.com/t/CXxbszyMf
https://www.screencast.com/t/S2l6fZqiz1
RSI nicely cooled down now ready for next rise to come. SP still closing at the strong support at 78.6% FIB (around 4.3p) .
Hey Richy your target used to be 9p then you are gone - I guess that's expectation inflation for you ')
Fubara how many times are you going to post the same warning shite. We are all big boy's here and have done our research so if you are really invested here then why the repetitive negative posts? If you can't handle it then sell up and go and find your mummy for a cuddle and get lost.
Something wrong things are getting posted twice - must be system glitch ')
The institutional and sophisticated investors from the recent capital raising will have already made a very nice return on their 2.8p shares - most have already been offloaded as these guys aren't really interested in the drill and are completely risk averse. The main interest after spud will come from PI's and I'm sure we will see a new influx once the drill is underway - too good of an opportunity here to miss out- I'm convinced if we hit oil in the Nanushuk that Oil Search/Repsol/Armstrong guys (or another big player) will want to buyout our consortium interest here.
The institutional and sophisticated investors from the recent capital raising will have already made a very nice return on their 2.8p shares - most have already been offloaded as these guys aren't really interested in the drill and are completely risk averse. The main interest after spud will come from PI's and I'm sure we will see a new influx once the drill is underway - too good of an opportunity here to miss out- I'm convinced if we hit oil in the Nanushuk that Oil Search/Repsol/Armstrong guys (or another big player) will want to buyout our consortium interest here.
The institutional and sophisticated investors from the recent capital raising will have already made a very nice return on their 2.8p shares - most have already been offloaded as these guys aren't really interested in the drill and are completely risk averse. The main interest after spud will come from PI's and I'm sure we will see a new influx once the drill is underway - too good of an opportunity here to miss out- I'm convinced if we hit oil in the Nanushuk that Oil Search/Repsol/Armstrong guys (or another big player) will want to buyout our consortium interest here.
Here's the same daily chart but as line chart based on daily closing prices. Very neat ')
Once drilling commences I'm expecting a strong permanent break out of the upward channel that SP has been traveling in for over 7.5 months!
https://www.screencast.com/t/kTiatkSWR
(The blue horizontal was referring to previously on the rsi chart is around 57.7)
Here's the same daily chart but as line chart based on daily closing prices. Very neat ')
Once drilling commences I'm expecting a strong permanent break out of the upward channel that SP has been traveling in for over 7.5 months!
https://www.screencast.com/t/kTiatkSWR
(The blue horizontal was referring to previously on the rsi chart is around 57.7)
Consolidation was necessary as RSI had been overheating needed to cool down a bit. No surprises, no need to panic. SP at the 78.6% FIB support around 4.3p at moment. Great buying opportunity pre-drill.
Don't let the appearance of the dreramping crew spook you. Once this spuds the SP will rise very quickly in anticipation as we approach each of the 3 targets- particularly the main target the Nanushuk
Here's my chart (daily)- nice and predictable SP ')
note on the rsi chart the blue horizontal - this is a consolidation trend line, frequently hits then bounces off.
https://www.screencast.com/t/iOYRirtkofjS
Another joker appears with a t missing off end of name.
I bought them.
(in my dreams)
Yes only risk what you can afford to lose, if you already made some profit then great, well done. Better than being a greedy noob and losing it all.