European Metals Share Discussion Threads

[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

[luisfrg] 16/2/2017 00:12

Getting hit in Aussie market although now starting to recover

[banshee] 15/2/2017 22:18

Trades that size relative to nms (400k) don't even have to reported the same day, it is likely from yesterday.

[luisfrg] 15/2/2017 21:59

Is this traded on the Aussie market? What's the ticker?

[jovi1] 15/2/2017 21:57

Hope Aussie do well tonight I don't like the 400k traded at 65 after hours
Still in for the long run and this quick bounce provide excitement as a bonus
Good luck

[weller130] 15/2/2017 21:17

In theory it should get priced in at the £300m MC, then who knows from there...

[weller130] 15/2/2017 20:25

Definitely get an ISA!

[sambuca] 15/2/2017 19:57

Wassapper
I only really trade shares for a hobby I take a little profit and keep some freebies for my "pension" until now my pension portfolio only amassed to just over 26k so never really worried about tax side of things now this year I have had really good runs with paf,,sula,sun and emh which means I have made enough to pay cgt.
EMH has taken 3 months and numerous attempts to break 40p then in about 6 days is knocking on the door of 80p.
I have got 75000 shares still which at 72.5 p is enough to pay off my mortgage and most of the cgt that the sale would incur. (not something I really thought about until the figures say that I could.)
I am not rich but dont have any financial worries, love my job, happily married for over 30 years, emh at this price is just a bonus.
On saying that will see about an isa :-]

Sam

[banshee] 15/2/2017 19:11

A new use for lithium batteries :)