focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I would hasten a guess that the Rom figures won’t be all that special due to the shutdown over the winter for the pre-stripping, but going forward we’ll now processing higher grades there and I would expect them to get better after this incoming set.
First target was 0.93 I believe if we break upwards, but again, we would need significant volume to get there which would more than likely be news driven in my view.
As i keep telling people, technical analysis of charts only displays possibilities, they're not written in stone. Only had a quick listen myself but we're in a wedge consolidation on both weekly and daily charts and is looking for a break to the upside but there is a possibility of us tagging the 200MA in the low 0.5's first before we break back up. Sometimes a pullback in price action is what's needed to generate sufficient volume to get buyers back on-board, one step back two steps forward if you will.
Looks like rollovers as I would imagine buys like that would've had a greater effect on the sp.
Agreed, it can and does happen but volume has been thin here of late as has overall market liquidity so I'm not holding my breath. Market seems disinterested in anything apart from the bloody BP licence.
Agree with your TA, but remember, charts only show possibilities of what can happen. We would need volume and/or news to break resistance in my view.
I would expect the quarterlies on Monday at the very least.
....I see SRES top of the risers board after a non-bonding MOU offtake RNS announced. We secure ours with one of the biggest commodity dealers in the world and hardly budge. That’s AIM for you. I share the frustration of many but keep the faith, our time will come.
Same horse, different jockey Cast. Just wish things would get a move on.
I wouldn’t expect this set of quarterlies to set the world alight, certainly not in regards to Rom due to the partial shutdown for the pre-stripping, but going forward I reckon they’ll markedly improved. Q2 will be my focus. Zim could prove to be a pleasant surprise again though.
Disagree with that Quindell. I don’t think the low ff helped here as the share moved in a very illiquid manner. One look at the chart will show it got very over extended in a short amount of time. The greater the extension the harder the snap back, which has been further compounded by recent unfavourable news.
Agreed on that LM, just wish the Rom Gov would be a bit more proactive and speedy in their issuing of said licence.
In fairness to Baron he did clearly state the risks involved in this share.
Thanks for the speedy reply Lee, appreciate it. I'm remain confident that AP is the man to get it over the line and will do so, it's just a case of when. Further patience required.
Lee, are you able to elaborate any further with regards to the - 'very long tricky and laborious avenue which we were advised to take in order to obtain the B.P License' - comment? What was/is this laborious avenue and who advised the company that this was the best route to take in order to obtain? As much as I'm a firm believer in patience and that boredom and impatience are an investors worst enemies it is all getting rather tedious on this front now. Thanks in advance.
Cheers Lee.
Lee, you posted recently that you were going to share your thoughts with regarding the show and meeting AP. I'm sure you asked questions along the line of 'What is the general hold up with BP licence?' so are you able to shed any words/thoughts on the matter and anything else in general?
https://twitter.com/vast_resources/status/988806926615138305
Agreed on that Bestmate. The whole Beaufort scandal has helped liquidity either with thousands of clients money and shares locked up in the admin fiasco.
Agreed Cast. Great news, wrong time of for release. Late Friday afternoon when the weather is beaming as it is isn’t going to catch the attention of many. 7am this morning would’ve more preferable so the market could’ve digested properly before open. Would’ve at least expected a 10% day then. Revel in more positive news, if not a positive appreciation in sp, will more strongly hinted to come. News like this reaffirms the investment case for me and for those looking from the sidelines. Market will correct us at some point guys. Have a great weekend.