Australia's largest stock trading and investment forum Australia's #1 stock forum

ESS

Click for more information

0.00%

50.0¢ essential metals limited

Chart Info, page-296

First 296 Last

Share
Profile

Follow
Chey-9

1,516 Posts.

630

25/10/18

11:36

Post #: 36256011
Share

Originally posted by Cheynne ↑

This is a thread for charts not one for non patient holders not generally comfortable supporting the company and its successful work to date.

The 1 year Bollingers (after the 5 year) is closer to home for a new probable breakout. It is also on a daily basis and easy to see. It also displays the bands closing and the chart is in a base stage awaiting results for a break of some form at a moment, unknown when by anyone and will more than likely be in 2 stages with an up down up movement of some form as day-traders and wave traders clear the decks or trade the moves they see fit. The SP is low for an upwards spring.

Some minds have issues that's for sure. Yes DC is not the most exciting communicator but doing his best not to overkill.. In terms of caesium, He has gone to print stating that the first pit should bank mote than $10 mil.. Cabot have protected PIO beyond the norm as they like what they see with a 2 year interest free loan with guaranteed forward sales and will also purchase all similar grades found in the Sinclair area in any surrounding pits and intersections. They like what they see and in this regard you can't get better than this in today''s share market environment.

Also I feel setting up CR possibilities for the future is actually responsible planning in case occurrences down the track require development quickly rather than later if needed for moving ahead elsewhere with short delay. You have to spend money to make money if you are going to be a larger producing miner further on.

Yes we have the right to vote against the the benefits proposed by the company on their successes coming up and that is our right if we desire if we feel there is something is not logically right at a given time with the information we have received or needs clarifying. Though some relevant large holders may feel happy generally with the way things are going although the odd one may feel that salary increases in the high end in the meantime are premature until the turkey is on the table and money generating from all Sinclair products being mined with sales contracts signed. Irrational exuberance alone to many may not be a good enough reason for salary increases and incentives without some more defined conditions being met, maybe that is an issue? Maybe not if they have a better concept of the future in general discussions.

Of course it is a fact companies know a lot more in probabilities on their upcoming abilities than holders do but it doesn't help those who can't read this between the lines which in turn makes their negative head overpower their positive head at times with a fallibility of man syndrome in his timing of communications. Of course this is often due to unfinished negotiations when sales are involved causing some frustration wihen a path not as clear as they want it to be. A fact of life is that it takes as long as it takes for sales closures. This is tricky when a new by-product is involved and there are a few around the negotiating table. Patience required when things are getting near, especially in new ventures as in KP dealings when full stockpiling not quite completed and being a new boy on the block. We are told dealings are advanced and we know it will be a big kicker when it happens. Can we handle speculation, that is the question? We are most there in the mining stakes and the full value of further facts as they evolve will be invaluable in the yet to be known stakes, even though reasonable speculation assumptions added to basic knowledge on the new mining ventures, including KP and lithium add-ons get us well in front, big time.

It has has to be said that some appropriate research speculation has to be made and expected at this end of the market – look around at and you will see that this is a fact at the 'spec' end. You will also see we are in a better place than most as we continue to become a miner and can only improve upwards when desired resits appear.

If there is some surprise at a low price then it moves quickly. The waiting and confidence is the difficult thing even when it's evident - that is human nature. Market cap is more financially relevant than number of shares. Small numbers of shares do make breakouts quicker and higher due to FOMO with the limited holdings of course but if the big boys join the party then it will be a different story.

Facts will over come fear as announcements and advices of note follow, especially if the board expects their packages improved . This would have to in the back of their minds as holders wait for results coming through. A further problem is that not everyone votes but the board wants a happy ship. .

I guess when the caesium shines in the sun next month as we hope, everyone will breathe a little sigh of relief. Things in general are looking a lot better with gold, cobalt, lithium also on the the back burners.

A statement of opinion of course; the charts will tell the truth. I'm positive.
GLAH

Expand

Smart money buying weak hands setting off .017 stop-losses on the way. Buying value when there is a little blood on the streets. This could be the beginning of early volume indicators for smart money taking advantage of weak hands which is often a first sign a lift will will occur later on. The Bollingers are set in position and require volume moving along for any break to occur. If we look at 5 year charts Bollingers daily, we can often see that early volumes are early indicators for value traders/investors a bit further on. Worth a watch at this stage as speculative charting - buying opportunity for some i.m.o.. VWAP ./0176. DYOR

PIO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 83 more messages in this thread...

First 296 Last

Add ESS (ASX) to my watchlist