Member Info for Strider4

That's the spirit - credibility in tatters and head held high as ever.

Yes, I doubt it too.

Perhaps you might want to be a little less certain/arrogant next time then.

Likely to be late reporteds. The £120k could well be a buy, which has helped with the move up today.

Glad you brought that up Troajan.

There are a few parallels between WRES and HUM (and by the way, as I said before, I sold at 36p so not bothered - you can believe it or not - couldn't care less):

1) Both have a short mine life...yes it's just a case of proving up the reserves later on isn't it? That's what the mantra was on the HUM board. Turned out it wasn't so straight-forward after all.
2) Both are being/were delivered "on time and budget". Well HUM was, or so it appeared - turned out they had a shed load of trade credit that they forgot to mention! Will WRES be the same? Who knows, but the market clearly isn't abundantly confident in MM's ability to deliver, given past false starts. It may well be a case of prove you can be profitable first here, before the share price reacts as all the rosy tinteds on here have been suggesting.

Good old MM - he does like to keep them regular.

Lol - completely missed that as it wasn't at 7am and it didn't affect the share price much, then.

K3MC - any comments? I think it was you who were telling me that there was a 0% chance of a placing in both 2018 and 2019...

Let's see what tomorrow brings. Three times now 35p has been tested and found to be strong. This now favours a move to the upside.

making a move? Early birds taking a position.

Only joking...or am I?!

Your daily reminder of all the good things going here:

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources.
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP). BHP
6) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news, resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and 2 Majors on board).
8) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.

Sclem - are you sure you're cut out for this? Practically everything you just said is either untrue or a massive exaggeration.

Bottomz - interesting. I have made SOLG my exception to the rule, as it were. However, this is based on the fact that the chart is in a strong uptrend (overall), as well.

Ref CNR - yes it has been on my watch list ever since I sold up in autumn 2016. I've noted the recent rise off the bottom, but am yet to be convinced. They have a drill programme and BFS to fund so think a placing is on the cards. Perhaps they thought Mellon buying (rather than placing) would send a stronger signal to the market, and get the share price up a bit before Bam. Despite the recent rise CNR remains in the grip of a strong downtrend (overall). And I don't see any big upcoming price catalysts there.

Ok, good to know (regional update due before year end).

Non-TA related comments aside, I concur!

How does CNR square with your TA though? Haven't you been holding that through a protracted downtrend?

See you in a month? Hopefully longer, don't hurry back.

Like I said, you've nothing positive to say about anything. As I think AK pointed out previously, a quick look at your posting history shows that you hang around tiny cap mining boards pouring a dose of sarcasm and negativity on all who have the misfortune to come across you.

Thinking about this is more depth:

Cascabel - it's now been a month since the last assay update. Given previous form, I would expect an update any time from now, and certainly before the end of Dec. There could be some juicy cores in there, from the NW section of Alpala.

Regional news - not a peep since mid-July. With 43 geos on the ground, they must have made some serious progress in the last 5 months. The quiet before the storm - maybe, just maybe, they want to downplay this a bit until the drilling permits are granted...I'm hoping for huge things here throughout 2019.

PEA - Jan 2019 is fast approaching. Could they even deliver it a bit "early", as per the MRE?

Santa rally - not news but still...the markets are primed for it given the recent drop. Let's see that Christmas rally into the New Year and then onwards and upwards to our belated Christmas present (PEA) in January.

That's risk management, which agreed is a vital part of trading, and in my opinion, investing too.

TA gives additional confidence to entry and exit points. You might not go too far wrong taking the Naked Trader kind of approach, which is basically: does the chart look like it is more or less going up?! Although he denies using TA, or that it very much takes a back seat, he does establish whether or not a share is in an uptrend before he buys.

Monte, I take your point wrt not knowing how long the calm will last. However, if TA is used consistently, you may take some moderate losses during a period of volatility, but this will be more than outweighed by the gains made during trending phases.

Ah. Don't forget that the Newcrest SA comes to an end in just over 8 months' time. Should be an interesting summer to say the least. Personally, I like the SA with BHP. It shouts NM wanting to buy time to prove up value - I'm guessing here, but I think a primary driver will be that he wants to get his teeth into some of those other mouth-watering prospects first. It would be a bit of a shame to sell the company before having got some drilling into BN and La Hueca.

The drop is hurting all who hold significant amounts here ff course, myself included. But the fundamentals remain so strong that I have this as a hold/add. I saw no glaring short-term trading opportunities. The longer term chart remains strongly in bull territory, as it well should.

There are 3 facts that I like to remind myself of most: 1) NM has £30 million odd in this, at current prices, 2) BHP came in only recently for a wodge at a 30% premium and a full 10p higher than where we are now, 3) Plenty of cash in the bank, so NM won't be forced into any turd discounted placing.

Schlem - not sure I'm with you there. What's the SA agreement? And what is this "near term liquidity event"?