Phoenix Global Resources Share Discussion Threads

[treacle32] 02/7/2014 17:58

MACD Indicator building further bullish divergence every day. So primed for a breakout and spike which will possibly happen on news too imo.

[treacle32] 02/7/2014 17:43

Moved to 0.15p offer before close and the blocker at 0.13p could be finally gone.

[mo2550] 02/7/2014 13:28

Treacle32 - thanks again

[treacle32] 02/7/2014 13:12

Thanks - also to note that PEEL is an operating market maker on this stock.

They are the highest bidding MM and the highest on the offer at 0.19p.

Maybe PEEL have got the big tranch at these depressed levels for onward sale at much higher prices? Be a nice profit for them.

[mo2550] 02/7/2014 13:09

Hi Treacle32,Two minds think alike - that was what I had been thinking after the two sells had gone through leading to Mc Keon purchase which is very positive - peel hunt well informed then if a connection can be made between the two - thanks for looking into it for me -

[treacle32] 02/7/2014 12:48

This is what I've worked out.

Peel Hunt.

3 June 2014 - 134,082,103 - New acquisition I believe, not on the shareholder list.
10 June 2014 - 151,689,420
17 June 2014 - 142,402,612
23 June 2014 - 137,989,708

It looks like to me they offloaded 15m at the time to allow for John to top up his holding at 0.13p.

[treacle32] 02/7/2014 12:41

I've not had the chance to look into what Peel Hunt have been up too. But i'll have a look in a mo.

[mo2550] 02/7/2014 12:38

Hi Treacle, I find peel hunt major acquisition of shares interesting and puzzling at the same time - they recently acquired approximately over 150million then sold off again approx 13million in two trades - do you have any theories as to why they would buy a huge amount of shares the sell a small percentage off within a week or two ?

[mo2550] 02/7/2014 12:27

Sorry - John Mc Keon

[treacle32] 02/7/2014 12:27

I hope so - also the positive snippets in the finals at the beginning of June 2014 and then mid June 2014 the press speculation on claim being worth $35m.

So hoping for big positive news on long running saga.

Chart and L2 suggests breakout.

[mo2550] 02/7/2014 12:25

Hi Treacle32,Thanks for the update - At long last some encouraging signs behind the share price - J Mckeown must have a very good reason to dip in again - expectation of some news imminent I think - gla

[treacle32] 02/7/2014 12:13

As I've been describing.

There was a 2m blocker for weeks on the offer which has reduced to 1.98m finally this morning. All the MMs at 0.15p and well higher including sell orders now appeared at 0.16p and 0.19p too as of today which suggests movement is due.

Someone has been bidding on the bid for days and taking any sells.

Just this 1.98m line left on offer before 0.15p.

John Mc Keon purchased 15m at 0.13p not long ago - not be ignored imo. Holding around 157m shares.

[mo2550] 02/7/2014 12:09

Hi Treacle32,How's L2 looking ?

[treacle32] 02/7/2014 12:07

0.12-0.13p again.

Could clear that blocker at 0.13p and then 0.15p including breakout.

[treacle32] 02/7/2014 09:36

Orders now appearing at 0.16 and 0.19p on L2 - for the 1st time. IMO in anticipation of breakout.

[treacle32] 02/7/2014 08:33

0.12-0.13p - could breakout today. Keep an eye on L2 imo.

[treacle32] 01/7/2014 21:27

- More positives in chart & ta and to add to the many others including Kumo breakout on Ichimoku Trader.

Next resistance 0.163p and nearly full house

[treacle32] 01/7/2014 19:59

At least you have one of my stalking hateys supporting you by red ticking my posts. Saddos. Just posting on a bb where no vetted interest for over 6 months is freaky.

You said not to buy at 0.12p yesterday, it opened at 0.13-0.15p and closed at 0.12-0.14p.

Pretty clear who looks the bigger fool and hopefully any day now will jump over 0.20p.

Big positive update can't be to far away too.

[treacle32] 01/7/2014 18:59

Mike111D
1 Jul'14 - 18:52 - 3484 of 3484 0 1 (Filtered)

You've been in a depressed state on this bb for over 6 months it seems.

[mike111d] 01/7/2014 18:52

Sorry but your report for today reads "must try harder" - poor research IMO.

[treacle32] 01/7/2014 17:59

The price only above even 50 day ma now for the 1st time since last massive spike to 0.45p in late August 2013 - telling imo and the MACD indicator is well on its way to building the same bullish divergence. It went from 0.20p then to 0.45p and imo PGR can do a SER type rise to 0.30p.

[treacle32] 01/7/2014 17:27

Further signs of imminent breakout. New breakout bull was issued last night too.

30-Jun-14
0.12 Bull Kumo Breakout

Type in PGR

[treacle32] 01/7/2014 16:56

Just lacking volume for now but chart & ta improving all the time to break through the upper bollinger band and breakout. Price already above 50 day ma after ages and once 0.15p is broken the 200 day ma will be broken too which is at the same level. Positives across the board in June 2014 in news snippets and imo a big update could be forthcoming.

[treacle32] 01/7/2014 15:49

Not much volume inc. ISDX but at least won't get cheaper than 0.14p to buy now and before breaking out.

[treacle32] 01/7/2014 14:37

Background
Mr. John Philip McKeon is Co-Founder of Oman Resources Ltd. Mr. McKeon serves as Consultant of Niche Group PLC (The). Mr. McKeon co-founded Circle Oil plc in 2003 and served as its Business Development and Marketing Director until September 2008. Mr. McKeon has spent over fifteen years in stockbroking, corporate finance, property and project finance. He has been a lead manager of private equity and institutional dealing teams successfully raising funds for several Official List, AIM and Irish and internationally listed companies. He has experience in international mergers & acquisitions, debt re-structuring and corporate advisory services and he served as a Principal in the European MBO of circa US$600 million European infrastructure assets, formerly part of Metro Media Fibre Networks Inc. and the subsequent reverse take over by a listed Singaporean group. He served as Director of Circle Oil plc.