European Metals Share Discussion Threads

[rafboy] 27/3/2017 09:01

Just bought a further 4176 shares. PFS coming very soon and that should give the share price a boost IMHO.

[runthejoules] 26/3/2017 21:09

Frankie, I bought into kod at 0.4p, sold out again at about 0.27, bought in at 0.23, now just about in the blue... bloody pelamis. Lithium is bloody infuriating but I'm sure this, kod and even my bcn will get there in the end.

[luisfrg] 26/3/2017 16:56

Let's see what this week brings could be very exciting

[rafboy] 24/3/2017 14:13

Looks to me like they could be filling another decent size buy.

[frankie83] 23/3/2017 21:30

I'm in at KOD too thought it would be similar to this to be honest ain't gone too well it's the only red in my portfolio tho! I'm sure it will pick up....

[runthejoules] 23/3/2017 20:29

Well done Frankie, I'm 35p myself. I think it's time one of the mods updated that lithium value chart, I'd love to see what it looks like now... put KOD in it too please? ;-)

[frankie83] 23/3/2017 19:38

I'm a risk junkie as well I risked buying these shares at 5p....!

[runthejoules] 22/3/2017 12:57

General background: New £300m UK plant to build electric black cabs

Now for some news from Coventry, where the grand opening of the first new car plant in Britain for more than a decade is taking place today.
The new production line in Coventry
The new production line in Coventry

The London Taxi Company (LTC), maker of the famous London black cab, will build electric cabs at the plant, creating more than 1,000 jobs. It is being funded by a £300m investment from China’s Zhejiang Geely Holding Group, owner of LTC, plus a £16.1m government grant.

As well as being a boost for Coventry it’s a boost for the UK automotive industry, which backed the remain camp in the EU referendum and has voiced concerns that Brexit will lead foreign investment elsewhere.

The business secretary Greg Clarke said the new factory, where research and development will also take place, showed that the UK was a “world leader in the development of new automotive technologies”.

[rafboy] 22/3/2017 11:35

With the PFS due within 9 days I wouldn't be selling at the moment.

[sambuca] 21/3/2017 19:55

I still think a lot of the selling is due to profit taking to use the tax allowance before the end of the financial year, even for people who brought in November this is still showing over 50% rise, unless there is news I am just holding until,the new financial year.

Sam

[scrutable] 21/3/2017 12:25

It de-risks this share and comforts me that the three great German car makers: VW, Daimler and BMW have done the due diligence for us and decided to build battery factories within an hour's drive of Cinovec- just to be sure of the lithium.

I am betting that the pre-feasibility report will unlock the wealth contained within those mountains and make some of it available to us through a rapid escalation of the share price this Spring. Realising that I am a risk junkie, I have to caution you to DYOR.

[petersinthemarket] 21/3/2017 10:22

Good summary Steeple....
As implied, I am concerned, but obviously hope things work out well for us.
pete

[steeplejack] 21/3/2017 09:55

Technical analysis in its purest form doesn't have anything to do with fundamentals.You hand the chart to a technical analyst and he will extrapolate support/resistance levels and interpret where the shares are trending,he doesn't have to know what the company does or whether RNSs are due.Personally,I'm not that keen on charts other than as another analytical tool but there's no doubting that technical analysis can have a marked influence over trading intentions.Here,the stock is settling into a trading range,that's pretty clear,it's mimicking BCN to some extent.If the company comes out with some unexpectedly good news or reaffirms best expectations,all good and well,the shares could breakout above 80p but the market attempts to discount such eventualities.Tech analysts like to think they're predictive but I think that they are invariably reactive which makes charts useful but not indispensable.

[bookwormrobert] 20/3/2017 20:15

How can chart analysis have anything to offer under the current circumstances?!? Surely, there is so much news to come that it renders chart analysis irrelevant?

[scrutable] 20/3/2017 19:29

psim

On a different interpretation of the same facts the share price has hit a double bottom in its retracement from 73p to 64p - admittedly short of the normal Fibonacci level (57p) - so it could fall a further 10p, in the absence of positive news; but the pre feasibility report is bound to reverse this trend

So we have something to look forward to

[petersinthemarket] 20/3/2017 10:48

As I understand it, this chart is showing a very clear bearish descending triangle. This usually indicates that distribution (selling) is taking place. It is normally considered to be a continuation pattern which could mean the share price will continue to fall when the triangle completes. Since I have a decent sized holding here, I have an interest in this analysis being wrong, but I suspect we need some powerful good news, and soon, to reverse this trend. Any chartists care to comment?

[rafboy] 17/3/2017 15:28

Will we see some buying into the close. News on several fronts due including the PFS by month end?

[bookwormrobert] 17/3/2017 08:06

Hi Luisfrg! Well, considering that we should have metallurgy news and off-taker updates as well as the pre-feasibility study, I think everybody's working assumption is that EMH's share price is going to soar in the next couple of weeks. But markets are funny things, so who knows...

[luisfrg] 16/3/2017 22:29

Whats price movement expected before end of month announcement?

[rafboy] 16/3/2017 16:20

Excellent news and sells going through well above the bid. Expecting delayed buys to show up later?

[banshee] 16/3/2017 16:09

from today's FT


Print this page
an hour ago

by: Henry Sanderson

Albemarle, one of the world’s largest producers of battery chemical, lithium, raised its forecast for demand by the end of the decade due to faster uptake of electric vehicles.

The company said it now expects lithium demand to grow by 30,000 tonnes a year through 2021, from a prior forecast of 20,000 tonnes.

The company said while there is continuous innovation in battery design it doesn’t see any “disruptive non-lithium energy storage technologies on the horizon.”

[rafboy] 16/3/2017 15:40

Struggled to buy 4000 shares but have them now.

[rafboy] 16/3/2017 09:06

Indeed myst1, so is the share price going to be at current levels in 2 weeks time? I very much doubt it.

[myst1] 16/3/2017 08:55

Before the issue of the PFS, in the last Directors talk interview Keith said the following news will be released:

Metallurgy Results
Further information of the product and
Further information on off-takers

That's a lot of news in the next 2 weeks!