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This is ridiculously undervalued against its peers!
Precisely MAJWandCo. - would AAZ really have bothered to include 3 pages on CGNR in their company presentation if the deal wasnt going ahead:
https://wp-angloasianmining-2020.s3.eu-west-2.amazonaws.com/media/2020/09/30155141/Anglo-Asian-Mining-Proactive-Presentation.pdf
Post from PXC on Twitter of the first gold to come from the Empire Mine in 80 years:
https://twitter.com/Phoenix_Copper/status/1316690017771716608
Yep, another two 50k buys, someones loading up.
Good to see some large buys going through today, and a could of sizable delayed buys from yesterday.
Q4 starts today so that updated Resource hopefully isnt too far away.
The the big seller finished a few days ago as far as I can tell, and that was executed quite well to be fair. It's unfortunate that we have had a broader market downturn and then a fall in PM prices which have further depressed the share price. However I believe that these are exactly the types of opportunities where big money is made (if only I had more cash!).
It's small trades that have been driving the price for the past 2/3 days (and possibly MM manipulation, if the chunnerings on certain boards are to be believed...) PIs are not rational, with the amount of news due to arrive shortly, this is the worst possible time to sell. What has been very interesting is that I have been been doing regular dummy sells for many multiples of EMS, and at no point in the past week have I not received a quote. The same cannot be said for buys.
I think it's a perfectly healthy pull back. Prices had got massively overextended, so it's only right that that they correct and come back into balance. I full expect the price to continue on its upward trend in the coming weeks. Here is a chart: https://www.tradingview.com/x/CQJxFGPH/
The only question on my mind is whether I top up now, or risk seeing if it goes lower.
Have you seen all the late reported trades that have come through from yesterday - wowzers! Over 800k worth. Wonder if we'll get a TR1 in the coming days?
Certainly is cheap - I can't think of a better opportunity at this moment in time on AIM. Minimal downside and massive upside, only a bit of patience needed. I don't have a target personally, happy to let it play out over the coming months and years.
Price seems to be moving more freely now.
I think there's a seller about. Been soaking up a constant stream of buys since it flatlined yesterday afternoon. The big sell on the 15th makes me think a distressed seller started offloading into the rise. It's just the same as HZM at 4.2p - once the seller clears we'll be off.
Two subsequent buys straight back up at 3.7 after the big one went through. Does look like they dropped it to fill that order. Hopefully smart money is loading up ahead of news...
Don't know, but that's a nice big buy printed at 10:40, so maybe?
Zodiac means that the minor downward trend in price has hopefully finished and we have now found a base to move up from. The doji (open same as close) shows that buyers and sellers are in balance and neither one has the strength to move the price. Traders have sold, price has cooled off, now fresh money will enter and hopefully take the price higher.
The MMs are not the spawn of satan you know... they do actually perform and essential role - which is providing liquidity in small cap stocks. Their job is to make a market where there might not otherwise be one.
They set the price in order to meet the demands of the market, to balance their books, and to make money - that's what we're all here for after all! I can't claim to know how they go about their business in any great detail but obviously they need a reserve of shares in order for us to be able to buy them. They acquire shares by either dropping or raising the price in order to encourage us to sell or to hit stop losses. If a big RNS drops on Monday and they don't have enough shares to sell then they will have to raise the price in order to induce people to sell. Another possibility might be to sell the shares in advance and then drop the price heavily to hit stop losses. Either way, it doesn't matter to the investor, they can't keep the price down forever if the demand is there.
Ultimately it's up to the PI to do their research, take their position and not worry about daily price swings.
Hello Warren, I think that Pharma is the place to focus on for the time being. Have to be careful though, particularly with testing, as there are a lot of horses in this race and a few will most probably crash along the way. If you want to diversify then a couple of less risky bets are Open Orphan (ORPH) and EKF Diagnostics (EKF). Both have already got money coming in as a result of the crisis and business will only increase in the near future. ORPH specialises in virology testing and is running Covid challenge studies. EFK is manufacturing sample collection tubes which are a key part of the testing procedure.
Hello Adam, only you can answer the question 'should I add more or should I stay put?' you shouldn't look to others for that advice, especially not on a board/index (AIM) like this where some of the posters are traders who will play you for their own gain.
This is a risky stock to be invested in. Ask yourself if you can afford to loose what you have invested because there is a very real possibility that the trial will fail, or some better alternative will come along before the drug can be produced and distributed on a large scale. If that happens then the price will crash and 70p might well become 10p. You should do your own research, decide on your appetite for risk and invest accordingly.