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Hi skitish, how long does it take to drill through the red sandstone as it is a soft rock and should drill through quite quickly I expect this part of the drill to have commenced and do they check for helium at different levels as they drill down?
The 22.28p buy signal proved correct on the handle taking the sp through my resistance of 27.40p to settle at 27.10p. I agree with wyndrum that it is hard to call the near term sp movement until news, the 1m sell could indicate the persistent seller is finished with the help of volume increase this week, if that is the case we could enter a less orderly market, as we know how the mms work when they are desperate for shares. At a push I would think three or four days in 27.40p region with at least one 10% swing either way
sorry that should read the daily candle chart.
The hourly candle chart is a work of art for any chartist as it shows a perfect cup and handle with the added bonus of a good shake out down to 17.40p in the handle, followed by two good upward days with volume, 22.28p would give the chartist the signal to buy, from this point I would think 27.40p will be achieved before news as the next resistance point.
The weekly chart high tight flag is perfect as it as not deviated over the last seven weeks apart from the shake out last week charts with a high tight flag can go on to make 200% or more. We have the perfect charts now we need good news for the catalyst.
Its on top risers and trending stocks on investing .com.
Being the opposite to flash crash.
very precise and informative skittish, well done.
The large seller(s) are still about surprised you guys can`t buy so maybe filling a large buy order sp will recover soon.
They may have sold at break even, a 5% loss would have cost them $1m and they wouldn`t have $20m tied up for when ever, instead they can exorcise at anytime over the next three years at a much higher price who wouldn`t want to be in that position? that is my point.
I have been giving the anonymous buyer through an American institution some thought, the fact that if they exercised their 53m warrants they would have to declare their holding at 3.75% so could no longer remaining anonymous, it may well be Russian money transferred through Veles International as I doubt it to be American investor putting $20m into a Russian play.
Who ever placed the $20m did so for the warrants giving them the opportunity to buy back up to 53m over the next three years at 26.5p until the rosego mines are proved up plus any other addons, including any dividend arriving before then. Therefore I think the placing share were sold off which along with investor fatigue has caused this long decline in the sp, this has now given the ordinary investor a very cheap opportunity to buy in or average down at 20p.
Apart from the seller a lot of traders saw an easy 10% on spud which didn`t occur, got out to chase else where, I am happy to wait and not trade they will be back as that is what they do excitement will return soon.
250000 sells have been dropping on the hour sometimes four/six a day they have to run out eventually, probably coming from various sources, mms` keeping an orderly market, plenty of time to see the back of them before the result, better to be gone before then to see a bigger rise to the sp.
Now you two have left the room I`ll have the thread back :)
It is obvious the sp will start to slowly rise as drilling progresses plus social media awareness, that you guys have just made us aware, this is/will be a red hot share because of its uniqueness being helium, there has not been another come to the market before, excitement will build for this first drill, red or black, hold or fold, enjoy the ride for the next four weeks too early to sell yet.
Barring any miss haps.
When appraisals are confirmed you will be disappointed if you sold out today, todays news was expected and priced in, personally I am glad to see the back of short term traders, those that saw the potential at 7p are now seeing a 200% profit as the drill bites the ground plus more bags to come should helium be discovered.
Chartists will know that the weekly chart is showing a high tight flag or pennant which is when a share rises 100% or more in quick time then doesn`t deviate more than 10% either way over the preceding weeks, this is a rare occurrence (as most stocks fall back after such a rise) were a stock can go on to make 200% plus on receiving good news, we are in that situation now.
Just read the disclaimer at the bottom of their page seems they get the prices from a third party probably the LSE think there was a problem through their live feed a while back.
Hi SeagullsFan thanks for the reply good to know its them at fault and not my desk top, is there any means of contacting them to fix it I am sure they are aware of the problem as its very annoying and been broken for far to long.
Investing.com used to be great but over the last month or so seems to stick and not upgrade have to keep refreshing it as watchlist though changes in price, percentage remains the same, wish they would sort it out it used to be spot on. Any one else had the same problem?
I had today penciled in for the spud rns and am still confident of an intra day rns they are on a similar time line to us so if they spudded first thing give it time to write it up and log the rns still think we could hear news today though.
The lowest volume today 5.18m since 26th March (4.14m) seller must be out now, we will see tomorrow so should start rising.
Thanks CAW that will do for me should have good news before November, surely.