Bushveld Minerals Share Discussion Threads

[coldspring] 19/10/2020 13:19

Just where is not very happy limited today? Amazed as a big holder he isnt extolling the virtues of this company to encourage more research.

[gah123] 19/10/2020 13:16

Wow!! Some massive delayed trades

[gah123] 19/10/2020 13:10

Volume already 9.3m. If there seller is still around could be gone by close today.

[gah123] 19/10/2020 12:16

Agree, I've seen it with so many stocks off late

[parob] 19/10/2020 12:15

Breakouts from long downtrends can be incredibly powerful.

[gah123] 19/10/2020 12:14

Only going one way from here. It's been held back long enough and most traders/investors realise it's now or never

[parob] 19/10/2020 12:13

I am not so sure about that.There is so much pent up demand here and so much money that's been waiting on the sidelines, that I imagine every little dip will get bought up over the coming sessions.I'm personally expecting the first bit of resistance at 15p but once through I see another wave of buying taking it much higher, pretty quickly. We'll see.

[jc2706] 19/10/2020 12:09

You could always put a limit order in. Otherwise you'll have to wait for the inevitable pull back but you don't know, of course, at what price that will be. I am expecting at least a pause around the 12-12.5p zone as that is resistance.

[parob] 19/10/2020 12:05

Well over the last week or so there have been a number of posters on the lse bb stating they're looking to buy millions of these. Let's see what the volume is like over the next few days.

[lovewinshatelosses] 19/10/2020 12:00

Having tried to buy in without success, I finally thought that I had managed to get my order filled. I am now the proud (and embarrassed) owner of 1000 shares here (doh!). NT of course for the number I had been seeking, and still NT when I tried to 'top up'.
Oh well :)

[parob] 19/10/2020 11:58

Technical traders will be looking to get in too, amplifying the move.

[gah123] 19/10/2020 11:56

Agree 100%. This is just the start. If GS are not out they will be close today with this volume.

[parob] 19/10/2020 11:53

This is what I mean. Following comment by Steve4077 on lse:---I've been watching this for a while and waiting for the GS selling to stop. Now its starting to move I can't buy it :)----That's why I think we're going to see a super speedy recovery.

[parob] 19/10/2020 11:39

Looking very good here now. A close above 12p is significant from a technical perspective.I bet there's lots of investors looking for volume trying to get in but struggling because its been NT for much of this morning.

[gah123] 19/10/2020 11:14

The best low risk opportunity in AIM currently. We should easily recover to 25p before news on the Eskom tender. If that comes in as expected then all bets are off as we will be 50+.

[parob] 19/10/2020 10:58

Should see a rapid recovery here now GS appear to be out. What an opportunity they have provided over the last few weeks.

[gah123] 19/10/2020 10:17

12p paid, gaining traction.

[gah123] 19/10/2020 08:16

Get the feeling this about to pop soon. One of the most undervalued companies on aim currently.

[jc2706] 17/10/2020 10:27

It certainly could be the case but we have had pauses in the past that have resulted in short term rises. We need to see a sustained rise above 12p to suggest that the price direction has changed and above 15-16p to suggest significantly higher levels.

[parob] 17/10/2020 07:04

I think there's been an expectation that GS would be out by the end of the month, and many have been waiting for a cheaper entry price but if their remaining shares have been transferred to another entity they will obviously no longer be a drag on the share price. (We were averaging about 1M of block sales a day since mid Sept. There have been no 250K trades since Tuesday).I personally think the long-awaited re-rate started yesterday, I guess we'll know for sure by the end of this coming week.

[plat hunter] 16/10/2020 21:30

JC- I suspect we've been relying on the MM's for several weeks now

[jc2706] 16/10/2020 15:18

Not completely. Market makers can go short or long to provide liquidity in order to make a market. But an orderly market does work best when there are buyers and sellers (to state the obvious!).

[plat hunter] 16/10/2020 15:12

Lol no traders, no liquidity.

[parob] 16/10/2020 14:07

I think we'll see some bigger moves here next week once the 10% traders are out for the way.

[jc2706] 16/10/2020 13:37

Well, if GS is out I doubt whether a few percent is the limit of any rise but experience suggests that there is always an opportunity somewhere in the market so I wouldn't kick yourself too hard.