Member Info for Swanley

LOL what were the first 6?!

Thanks mate, and your view is?

Awesome, forgot to link to daily chart: https://ibb.co/PT0CDS9

Of course, having said that, the price has gone south... Standard.

I can't tell what will happen next, and it depends on your timeframe for trading/investing. Look at the weekly chart here: https://ibb.co/w0dfd3s you will hopefully see the long term down trend that's been influencing this stock price since Jan 2018. After that you'll see the current down trend from end Jan 2023 which is controlling price today.

I see a nice double bottom pattern forming between 8th Nov 2021, 23rd Jan 2023 and we're at the bottom of the 2nd bottom, which typically (not guaranteed) suggests a big reversal, and when you look at how depressed the share price has become since 2018, there is a strong probability of a reversal (not guaranteed).

If you look at price on the weekly vs the current trend, you'll see this week broke through it and if you look at the MACD (I prefer to use 21 55 8 for clearer trending) you'll see a divergence, where price has hit similar low levels, but not lower lows, and yet MACD has produced a higher low. This is another indicator of reversal. Finally, if you look at the MACD/Signal, they've almost converged, so now I would look to the daily timeframe to see what's going on there.

From the daily chart, you can see from price action that the lower lows are becoming less severe. From the MACD you can see that there's divergence which indicates reversal, and current price action has broken through the downtrend line and is currently reacting to the daily 50MA. If price stays above the trend line, and if it makes a higher high, I'd say we're in reversal.

With regard to flat, sharp up, or down trend re-establishing, it all depends on macro, RNS flow, and watching the price action.

But, DYOR and don't blame me if it all goes wrong :)

Getting a bit twitchy. Would expect to see an extension request by end of day tomorrow, otherwise there will be information for sure Monday and most likely some action on the w/e.

Price bouncing up off of the long term support trend. Hope to see it stay up and recover upwards now.

Wait, YOU'RE LEX LUTHOR?!!?!?!

I feel the same like there's something else going on here. It feels too quiet and the lack of mention of the offer period did seem weird too - silence is deafening.

What are people's thoughts on the value of Solgold as a company if bought out - with all its other tenements in various states vs value of Cascabel if hived off? My view is that they'll say that they're going to production, but really they're looking to sell the whole company with an increased price to include the other tenements which have a value (albeit not proven up yet).

Thanks Hedge, I guess time will tell.

@Bighand - I wasn't suggesting the value of Damian's investment was significant, I was suggesting that him remaining in, or selling up would be indicative/significant. I respect what he's done in previous ventures, he's not a chancer and he knows this industry well. He obviously has a view, which is worth watching and seeing how it plays out IMO.

Agreed, this resource is so significant, it's never going to be allowed to fail. The value is already there. Now it's just how it plays out.

Anyone can have my shares, but they'll need to pay me at least 75p each for them :)

Bit of price action so far today, dropped down to 4H 20MA then reacted violently back up to 810 currently. MACD will break zero line today most likely, daily MACD showing uptrend and weekly at the end of it's downturn. This looks like reversal here.

By c.820 price will be challenging the long term downtrend. Fingers crossed here.

Thanks Josey

Agree with Stupmy, daily trend is down and has been since its close encounter with the weekly 200MA at 586 (EZY got to 582) on 2nd Feb.

Follow the MACD trend then look for support points: On the daily we have prior highs around 518, which also ties into the previous long term prior highs of Jan-Jun 2023. On the daily we also have support from the 100MA creeping up, and the weekly 20MA. I wouldn't be surprised if price hits all of these points and then reverses upwards c. end March/start April.

If you're into multiple timeframe analysis, then the MACD on the weekly is coming to an end, so this price could continue down until it's then supported by the weekly 50 or 100MA and this would coincide with the interim results around May, which could well be the catalyst for the next leg up.

All IMO and subject to change at any point with significant news. I look forward to my mate Cevodunny's response which will include at least the following: "chicken bones", "tea leaves", "Do I expect to be taken seriously" and almost certainly something about disrespect for "Warren Buffet".

GLA

"Hanson is still in with 1.5% - why wouldn't he be, nothing has changed since he invested from an adverse perspective."

Agreed in principle Hedge, but the major change, of course, is that his 'investment' of £147k is now down by c. 30% and valued at £102.5k.

My point being, that if he's still in, then that gives confidence. I wouldn't be surprised if he (or another 1%+ holder) will now make an offer, because the share price is depressed and the trailing high prices are c.25p. Otherwise why on earth would he stomach a c. 30% loss? Someone's been block selling chunks of 100k shares today, I count 7 so far..

Does anyone know if the market has to be notified if a 1% holder has sold?

Looks like someone put in a market order to sell during auction and it got filled at nearly the lowest price of the day. Ouch.

The previous orders were at 8.4 and IG has printed a close of 8.510.

JD.com Full results posted on March 6th. EPS missed expectations, but a better than expected revenue rise. Also interesting of the prediction of a Beijing-led consumer recovery. Suggests why they might want Currys if their earnings are lower but the foresee a consumer recovery. They want a larger piece of it and Currys will help them achieve it:

https://finance.yahoo.com/news/jd-com-full-2023-earnings-130039247.html

and

https://finance.yahoo.com/news/jd-com-approves-3-billion-105709827.html

Certainly their share price has been steaming up so far in March and hopefully this will give them the incentive to make their offer.

If Hanson's still in? Is an RNS required if a >1% holder sells?

4-point harness fully buckled up. Bring it on.

Yeah I bet Elliot didn't like having to go first. Wouldn't be surprised if his words "following multiple attempts to engage with Currys' Board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it" were an excuse to pull out so that JD has to bid next, and then Elliot can see where next to position his third offer. Lazy or just plain shrewd, forcing JD's hand.

I hope from SmElliott's withdrawal, JD took the hint that they had better enter with a sensible price, or they'll get f*cked off in the same way.

I'm guessing 86/87p as their starting price.