PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Buy kicked in this morning @ 31.3p - Range bound 30p-36p. Hott/Optimus- what you targeting on RR? circa 1100P back to top of short term range? Can see it's sat on suport line from 2012 and the resistance line from 2010 &2011... Or is it just a buy bad news and sell on good news trade for you two
Sorry missed this busy weekend, yea looks great for day trading at the moment due to liquidity. How you getting on with it?
Agree, I brought my first tranch this morning at 224. Brought as having noticed this was on the 10 year support line! hit it last year when it bounched off 200ishp and hitting it again this time at circa 220p. In four the 8 months or so which seems to be the time this takes to recover. See CLLN is up today on contract wins...
back in the 13's where i intially bought before the spike to 18p/19p. Should have sold... rah rah rah as was making a nice profit for such a short holding time as i did on NYO, CEY and MARL (Way to early i was bigging it up from 1.10p sold at 1.30p whoops. My gold plays at OMI @13p and AAZ at 31P, both have had great RNS of late and very undervalued. Was watching keiser report last night and guy from zero hedge was saying JPM are now long on gold and the only big metals trader to be so, so could be interestign here on. Also nice article below regarding golds link to deficit and how it has gapped recently... http://www.forbes.com/sites/kitconews/2013/09/12/interview-u-s-deficit-gold-price-show-relationship-etf-securities-mcglone/ long and strong on omi happy to add at 13p or 11p again.
today wanted 12.5p but was to slow today. Sold previously in the 70's yonks ago as was trading the the 60p-80p range I memory serves. What i do remember about this was it is not the first to leave the station, tends to follow others after a few days later spike wise anyway no doubt due to the lower trading volumes and being off the radar so to speak. resistance free up to 20p on the chart so nice target would get me 50% return, well done for those who got in the sub 10's.
Anyone trading this TLW? Down below 1000p at the moment, previous support resistance around that area, not aware of what the news is though and havn't checked the tech indicators either?
Yea i've seen them on ADVFN, decent levels of OMI related chat on there! Yea i dont want to get caught up in gold explorers with no cash, just incase the money markets cease up... And was thinking also gold may fall back after US increases debt level. so which watch gold stocks no doubt fall and buy in ;) Check out Kryso also, going into production relativly soon, mine would be in the middle of no mans land though....
Take it you noticed theres not alot of people on the board, but someone keeps increasing the volume each day with all the 5k shares purchases... Looking good here, so much news due. Had alook at your other tips, im more of a fan of gold producers with decent cash or due to be coming into production. Im partically interested in ALD sub £2.00 and highland gold sub £1.80. Any thoughts? ALD looks cheapest!imho
Selling pressure really kicked in to quashed the initial buying after the rns update... Going to build a nice holding up to results early august, lots of news due to on further exploration which both Orosur and other partners in its licenses. Will continue to buy 70p soon
MCAP £45.65 usd/gbp =.6112 average gold price over the past year circa $1350 Following on from the recent release of the past years production figures, i thought it worthwhile to project the earnings for the year..... Analysis REVENUE 55,820*1350= $75,357,000 sterling £45,967,770 2010 revenues was $59.61M so approx a $15m increase due to gold averaging 1350 in this 2011 tax year compared to $1000 dollar in 2010 tax year. PROFIT Being conservative on costs per oz, i think in the 3rd quarter update they said it would be around 750 so i will use this figure.( Real cost per ounce had reduced in past couple of months to circa $650 i believe) $1350-$750= $600 per oz 55,820*600= $22,492,000 in sterling £13,720,120 Earnings Ratios EPS £45m/65m=0.69 P/E .70/.69= 1.16 That is incredibly low! This is a must in the current climate, not sure how much reserves are left and how well further exploration is going. These are rough calculations and do not take into account currency fluctuations. This is my first real attempt at doing valuations as such with miners as i'm an oily man myself... However i just could not ignore this stock, having done well out of amc in 5p in December. Regarding dividend payments i notice that they have previous paid 5.5p and 2p in 2007 & 2008 respectively. That is one why to get this share price alive and kicking...
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10886994 Total of 55,820 ounces of gold for the financial year to May 31, 2011. Above company target of 55,000. Also to note the Arenal deeps is progressing ahead of expectations. Very news, the financial results should be out soon so hopefully the re-rating should occur shortly.
sickie as did i... no wonder the economy's in such a mess...:/
112 Good trade mate, i saw 110 as big resistance so sold at that point. Not sure not looking to add to pf at the moment, what with all the bad macro economic data out... poor growth, no qe3, OPEC probably upping oil production... Will defo add to watch list. ATB to all holders
those targets aren't worth the paper there written on, how simple factor is this is undervalued when compared to other stocks....like hallmark said earlier there maybe a logical reason for this though...
Theres alot of info on this stock on the iii BB... look it all up from this morning. Also the PDF just added should included the info required. Don't buy on the spike...p.s. i'm out now quick 10% as the markets irrational at present on equities...