Member Info for Strider4

Hourly RSI and slow stochs are a rock bottom here. Bullish divergence in the MACD histogram too.

Some of the sells will be stop losses, I would imagine - check out the rapid-fire barrage at around 13:50pm. The �23k sold at 15.3p was also probably a stop set around 15.5p but they couldn't fill it at that level. Just an idea - but I'd say there's a good deal of logic to it.

Bangrak - don't we all like a good 100% gain in less than a year! Guess we'll have to see how it goes. BTW I invest primarily based on technicals but prefer to choose solid companies in which to trade. I sold my holding here at 127.5p, after it showed signs of taking a turn for the worse.

As Uncle Ben mentioned below, we may be in for a maiden dividend! Now wouldn't that be nice. In fact I would say there is a good probability they will be issuing a dividend - bring on the fund buying when they catch drift of that. Spread is not as advertised - just look at the buy/sells to get the true spread.

Bangrak - I wasn't aware that the "big money" had ever left? By that do you actually mean the "small money" aka you, sold out recently and would like to buy back in lower?!

I have a feeling the next set of interims are going to show some rather tasty numbers. They repaid their entire debt in 6 months from operating profits. It was their stated intention to pay it down in the half year report( from memory or the last interim), but they have done it incredibly quickly. Ticking all the boxes here.

First major resistance at 8p! That's a good joke - you're ignoring the heavy resistance zone from 6p and up there.

They should be minting it with recent upsurge in gold price. Confidence also appears to be gradually returning to Tanzania after the summer scare.

as of 30/09/17, so no Patryk, talk of a placing is ill-informed.

GG - that's what I did look at, and the half-year report - I may have missed some of the details but think I summed up the gist in my post. Happy to be corrected.

Ok, seems reasonable.

Any idea what the cash position here is? It was very low as of 30 June 2017. Debt has been reduced recently by partial conversion to shares, but payment of �4.7mil. is due by mid-year. Seems a bit shaky. Smells like there will be a placing as some point fairly soon here?

Looks like I lost that HUM vs AAZ bet.

Yes, but picking weak resistance levels is not in any of the trading strategy books now is it?!

Wasn't expecting to be able to get in at this level. Hopefully, it will turn out to be a case of thanks very much when/if this goes back up to revisit recent highs.

Yep, trade the bejesus out of them :)

Yes, I suppose it did get pretty low...it was all about the copper here for me. Maybe he has pulled a rabbit out of the hat with star zinc, but it just doesn't get the imagination going like Concordia did...yet.

Indeed, and not one you would be making if you were in. Just an observation. Not sure how strong the resistance is at 22p. I also am not in, but am watching with interest.

Lol - I take it you just sold then!

What's going on here? Up two days in a row...