European Metals Share Discussion Threads

[cyfalafwr] 16/2/2017 11:50

steeplejack
16 Feb '17 - 11:22 - 410 of 411 0 0

That's why these stocks go up and down like a yoyo tossed on the back of sentiment and speculation.

Exactly, catch the yoyo and make some dosh.....lol

[bookwormrobert] 16/2/2017 11:35

Hi Steeplejack! - not really. We already know enough about Cinovec that the basic picture is clear; only the details remain to be filled in. DFS less important here than usual as it is a surface deposit, and costs are much more predictable than with a deep mine.

[steeplejack] 16/2/2017 11:22

Actually,until the DFS is produced and until financing details are provided,calculations of ultimate profitability are little more than a shot in the dark.That's why these stocks go up and down like a yoyo tossed on the back of sentiment and speculation.

[cpap man] 16/2/2017 11:16

After such a strong rise it was always likely that EMH as with other excellent LITHIUM plays such as KOD would have a pull back on profit taking.

KOD has been bouncing back strongly and no doubt EMH will too.

[Other LITHIUM plays such as KENV and especially PREM need a sell off as they are now becoming over bought]

[bookwormrobert] 16/2/2017 11:13

The basic facts remain that:
1. This is a huge surface deposit of a much needed metal - lithium - whose price will only rise over time.
2. The deposit is in the heart of car-making Europe, right where the factories that need this resource will inevitably be sited.
3. The deposit is in a politically-stable business-minded country with medium costs, and the local population are eager for it to be exploited.
4. The deposit also contains enough tin and tungsten for those elements to cover the entire cost of mining, meaning that the lithium comes "for free".
All in all, I'd expect the shares to hit 150p on publication of the PFS, due at the end of March.
So good luck to all traders, but the last laugh may be on you!

[cyfalafwr] 16/2/2017 11:06

The Guardian
16 Feb '17 - 10:51 - 403 of 404 1 0

What you have to remember is that once shares in a company appear on the 'toplist,' daytraders, momentum traders, call them what you will, buy shares purely because the price is rising. They know nothing about the company and don't care about it's future. Once there is any doubt about the price continuing to rise, they cut and run.

That's not what I do ,I usually have a core holding and I have fully researched the company.

[cyfalafwr] 16/2/2017 10:58

Herschel K
16 Feb '17 - 09:15 - 398 of 402 0 0

Cyf,

IMO, it's way too risky to try to trade this kind of share.

You could lose your shirt in a matter of minutes...........

It was always going to bomb in a short period this morning - the gap from the other day needed to be closed for a start.

Hersch, AIM in general is a risk.I'm not risking huge amounts of money doing this ,really a bit of fun and generating £200/300 every trade which will accumulate over time. You, yourself in the above post saw the opportunity in what you have said about the share this morning ,a few others said the same.I have made some money watching the dips and peaks in BEM recently and getting the timing right,but not with 'losing your shirt ' money. This should not deflect from the future potential of this company .
I'm just trying to beat AIM.

[the guardian] 16/2/2017 10:51

What you have to remember is that once shares in a company appear on the 'toplist,' daytraders, momentum traders, call them what you will, buy shares purely because the price is rising. They know nothing about the company and don't care about it's future. Once there is any doubt about the price continuing to rise, they cut and run.

It's better to just have a slow steady rise that can be maintained by buyers who have a longer term view.

[runthejoules] 16/2/2017 09:32

Christ, they're at it again. Whether you're a soft or hard holder, I bet we all wish we'd sold out on that sweet high 80p plateau...

[madmonkflin] 16/2/2017 09:19

thats a good price to buy in, i sold at 78 so lucky, but still news to come. 60 is a bargain.

[wassapper] 16/2/2017 09:17

The buying earlier this week was relentless, with very few sells. Looking like accumulation to me. The pullback was inevitable and natural, and is also clearly being forced by the MMs to gain some stock - see early this morning. My view is that we shall see the rise continue by the end of this week. Of course what do I know, but I was waiting for a pullback to buy more and that is what I am steadily doing.

[herschel k] 16/2/2017 09:15

Cyf,

IMO, it's way too risky to try to trade this kind of share.

You could lose your shirt in a matter of minutes...........

It was always going to bomb in a short period this morning - the gap from the other day needed to be closed for a start.

The interesting bit was that we've had a week of million, two million and three million plus trading volumes to get from 40p to 80p; yet we were down 16% this morning within 10 minutes, from less than 100k traded..........

Who cares anyway about the daily fluctuations, I'm here for the asset - as Steeplejack quite aptly puts it above "this is a large lithium deposit,in a good location and the world wants lithium".

H

[cyfalafwr] 16/2/2017 08:59

Steeple that post was not directed at you ,just my thoughts about how to make money on AIM.

I also deal in FTSE 100 divi paying shares and that is a different long term play to generate regular income.

[steeplejack] 16/2/2017 08:49

Not me,I'm a long term holder.You have to be clairvoyant to play these junior miners on the AIM market.Most of my portfolio is made up of large cap steady eddies.These junior exploration holdings are my go-karting stocks,all the fun of the fair.Two days ago,I thought the shares might hit three figures but the tech chart plus the management saying that the stock was now more in line with Australian peers,made me think that the stock might suffer a shake.It's anyone's bet and too volatile to double guess.Yet,this is a large lithium deposit,in a good location and the world wants lithium,that's all I know at the end of the day.

[cyfalafwr] 16/2/2017 08:48

If this one goes into a pattern cycle of dips and peaks and you get your timing right it is possible to make some money. It has been the best way for me to make some gains on the AIM market stocks recently ,but timing is everything. No big profits in one go just an accumulation and you need the time to be able to do it and be near a computer for most of the trading day.

Have I just described a day trader !!!

[telbap] 16/2/2017 08:48

So own up, who has the brown pants on today??

[steeplejack] 16/2/2017 08:22

Always a possibility that EMHs price movements could mimic that of BCN which rocketed from around 40p to near a quid some two years ago and then slipped back to consolidate in a range of around 65p-85p.By all accounts,the rating is now more in line with those of other Australian lithium stocks according to the management.There might be a hiatus in the upward momentum once the resource upgrade is announced in a week or so and the PFS is out in early March.What price the shares reach on those RNSs is anyone's guess and whether the shares hold any gains during what could be a quieter news period up to the DFS in early 2018 is again in question.These oscillations are very AIM,no one expected different this time did they!

[runthejoules] 16/2/2017 08:17

...And that is why you don't have stops on AIM. I hope you guys managed to pick up some more, Hargreaves Lansdowne were too slow to get me a live price (which platform should I switch to?)

[fqr714bhp] 16/2/2017 07:50

I did say the other day what goes up must come down with a bang. LOL!!!

[steeplejack] 16/2/2017 07:41

Yes,Aussie closed at 72p equivalent.

[weller130] 16/2/2017 06:37

LSE and ASX are pretty much even again.

Got a feeling the LSE might start to lead on this