Member Info for russukarian

Let's please not start dragging this discussion board down to personal insults. I joined here hoping for informed factual discussions, sharing and benefiting from our pooled experiences and knowledge and also in my case I have an interest in using charts as a tool to predict sp trends (which in a way also reflects human behavior as previous support and resistances/highs and lows etc reflect these behaviors and have value).
A little leg pulling and banter is good but not acrimonious remarks. Those that have sold, or are waiting for a possible lower entry point to buy, obviously have their own vested views and hopes for the SP to fall whereas those who have already taken their positions have a wish for it to rise. Simple as that. Let's use evidence and knowledge though to make our cases.
GLA

Every one makes there own decisions as to when to buy or sell. In my opinion it would be very risky, if you are holding, to sell at these prices (MM's offering 2.563p to buy my shares all day today) or even if SP happens to drop slightly lower. There is high probability you will have to pay more to buy them back later. Volume was unusually low today but I take that more as a sign that those with sense are not selling for peanuts but are holding their shares for the big ride to come. I have already bought and am holding to my main stash, I have just a little cash in reserve.
Good luck with whatever strategy you choose.

Good luck waiting for 2p! ')

I expect the SP to reach 4p during Sept then at least 9p in the new year pre-dril, these are not unreasonable expectations. During the drill itself this will be seriously ramped and we could easily see 20p or even higher on the run up to target depth, particularly if oil shows are reported in the cuttings during the drill.
The current SP is still a bargain and anyone contemplating investment or topping up here should get on board soon.
All imo of course.
Here's my current basic chart (if link works!) which I hope will help some of you, showing the upward channel the SP is traveling in, I have also included the FIB support/resistance levels on the chart.
https://www.tradingview.com/x/w4kFoYtW/

GLA

There was some profit taking and some large sells when it went 3p and above, understandably. Some had already doubled their initial investment and were happy with that and cashed in.
The growth potential here though is huge and so larger buys were returning later this afternoon as people realise that anything sub 3p is still a bargain.

Best to keep a core holding as this will continue to climb, with small occasional pullbacks. It is very risky to trade this share because of the large fluctuating spread. I'm pretty sure you will get your 9p Richy even before the drill bit hits the ground.

It's really not worth arguing the toss about.
The ASX is back to following AIM now anyway. Some consolidation below 3p (in range 2.98 to 2.5) over next couple of days would a good thing prior to next push forward so as not to overheat..

exchange rate atm is £1 = 1.74 $Aus
so ASX closed at $0.052 - you do the maths

(2.98p)

Woodfromthetrees actually ASX close is equivalent to 5.2/1.74 = 2.98p not 3.2p

SP may be held back due to an element of uncertainty until the final drill permits are received this (which should be 'a done deal' can be as late as 31 December though hopefully will be sooner). The re-rating will certainly happen than.

Closing SP has been held by the strong resistance around the 78.6% FIB (c2.22p) since around 30 July.

Volume traded on ASX increased last night after being low for a couple of days. On AIM though, volumes traded have been very low with a decreasing volume trend over the past few trading days. I'm not sure if this SP is sustainable unless volumes increase on AIM or it is artificially pumped higher by MM's. Just my speculative view. As I haven't made millions from share trading then my view is not worth much ')

I find Jarvis (x-o) execution only account very good. (Only £5-95 per trade with no other charges) I've been managing to get live quotes for RMP all day without problem.

02-Aug-18 10:42: 2.50 15,487 Buy* 2.00 2.50 387.18 UT

It was a small uncrossing trade put through at 2.5p (15,487 shares) that appeared at 10.42AM this morning that skewed the SP data. This is a system correction made following an auction and not a true indication of market price..

Aside from that I can't believe the strange/unusual fluctuations I'm seeing in the ask price, bid price and spread for RMP on LSE.

Yes sprintman I'm now getting buy quote of 2.09p as of 12.23! Very strange price action this morning glad I didn't panic and buy in at 2.3p.
GLA

What's going on with SP this morning? Ask shows as 2.5 but get quote of 2.29p to buy. What is the true bid at moment anyone know? Really low volume - wierd.
Guess I was stupid to offload 305,000 yesterday morning at 2.025p doh! (which strangely never showed on the recorded trades for the day).

Didn't let me post chart, link doesn't work sorry.
https://www.tradingview.com/x/9KdmYZfx/

That's a sensible strategy bonum. I had an average of 1.4 and just didn't want to sit and watch 2K profit dwindle away as has happened to me in the past when holding other AIM shares long term. If it breaks out with volume and closes above 2.25 I'll jump back in.
https://www.tradingview.com/x/9KdmYZfx/

correction: I got 2.025p sell price not 2.05p

The only way to get the true real time bid and ask price is to get a quote for dummy trade unless you pay to trade from order book. Spread for RMP has been ridiculously wide. I offloaded 305,000 this morning around 10.45AM got 2.05p sell price, decided to sell some as I'm uncertain if these prices are sustainable considering exploratory drill it's 5 to 6 months away yet . Currently buy at 2.09p but falling slowly, last sell quote now dropped to 1.91p atm. I'll just watch SP to decide when to jump in again over coming weeks/months. Not sure if this will be pumped any time soon prior to a capital raising, though suspect it will sooner or later! Spread uncomfortably wide and unpredictable for me to try to trade this though at moment.