₦airaland Forum

yok:
TARGET TECHNICAL ANALYSIS COMMENTS FOR 24 FEBRUARY 2026
We are happy to see the market opening today.

The optimism for the continuation of the uptrend is high. Today is likely to be a Consolidation day or slightly bearish (but the bears knows that this is not the season for bears, just like we can have few rains in the dry season, few bearish day can happen in a bullish market especially when there is a negative news: Ellahlakes refunding IPO money, Zichis suspension etc).

There is nothing to fear in this market at the moment as long as the market is above the primary support of 193,500 (this is the first river for the vears to cross)

GeeKudi:
If an illiterate ask these two questions, then you simply sit them down and tutor them. But coming from a suppossedly lettered fellow, you just ignore because you can see through their veiled curiosity.
You know about the removal of fuel subsidy and the elimination of the arbitrage on the exchange rate by floating the naira, two important policies Nigerians were unanimous about in rescuing the economy and you want someone to start answering these two mischievious questions you are asking?
If you critique like a politician in opposition (they largely suspend their brains while doing so because they must not agree with govt), you are simply begging people to treat you like them.

ositadima1:
The way some people think genuinely surprises me. With all the bashing of Ellah, some were saying it would drop to ₦3 or even ₦1, haba. A few comments were clearly coming from a place of hate and bile, without any attempt to hide it. Statements like “Ellah Lake holders will be executed”, lol , are completely unnecessary....

For the record, I don’t own a single share of Ellah. I just don’t see it as a bad bet yet. They still have possible paths to win.

Thanks for reading.

HesInMe:
Agreed: Ignore the bile (and the blind faith). What possible paths to winning do you see for Ellah, please?

ositadima1:
I thought you had a solid understanding of financials. Take a look at their financial statements and see for yourself that they have the resources to execute, if they stay focused.

Don’t just focus on the cash they’re burning. Also examine the assets and resources they have available. As I’ve said before, and consistently maintained, if they are genuinely working toward a win, they absolutely have the capacity to achieve it with what they currently possess.

Burning cash with limited revenue isn’t necessarily a bad sign for a growth company, provided there is a clear and credible plan. Many successful growth companies have gone through far worse before stabilizing. I can name a few examples if you’d like.

HesInMe:
No vex. I'm not as smart as you. So you're assuming they give up on the ARPN acquisition and just grow organically?

BabsO2:
Ellah Lakes Gained 3.84% today to close at N10.80

About a billion Naira of wealth exchanged hands. Those wanting to dump will pause
While some may be tempted to buy back and reclaim their vacated positions

Stockpromoter:
Check my post on Dangote Refinery & insurance stocks vs $1Trillion economy.
If there is any place you can put money now,put it in insurance because you can't see a unit to buy in Dangote Refinery.

When it will happen,wetin I go hear from people then na Loco was right afterall.
Do it now.I will not like you to regret later

yMcy56:
Did you buy any of the 2 yet?
If not, monitor the price mvmt first
Talking as a layman/gambler not as financial/stock adviser o. Lol

** Reason: Banks results will go thru CBN first before approval.
** Note I may not be entirely right too

ositadima1:
The way some people think genuinely surprises me. With all the bashing of Ellah, some were saying it would drop to ₦3 or even ₦1, haba. A few comments were clearly coming from a place of hate and bile, without any attempt to hide it. Statements like “Ellah Lake holders will be executed”, lol , are completely unnecessary.

We really need to calm down. There are many ways to determine value; it doesn’t have to be only your method. Yes, the capital raise failed, okay. That’s not the end of the company, nor does it automatically mean the end of their proposed acquisition.

It almost feels like some people would physically drag Ellah down if they had the power, just to prove they were right.

For the record, I don’t own a single share of Ellah. I just don’t see it as a bad bet yet. They still have possible paths to win.

Thanks for reading.

emmanuelewumi:
Chill till the end of 3rd quarter na

abuhusna1:
I think the fees and commissions being charged by broker are outrageous. Imagine all the fees they are trying to charge me for selling. Ill rather hold forever

ositadima1:
Sorry, but I don’t engage in banter anymore. Talk to you later.

Bizibi:
any top insurance stocks?? The healthy ones.

ositadima1:
Two things, in my limited understanding, would make Dangote Sugar attractive again (for now until plantation mature): if the exchange rate falls to around ₦1,100 or lower, and if interest rates drop to about 10% or below.

We’ve seen this kind of accumulation before, only for the momentum to get crushed back to ₦60 or even lower. Dangote Sugar has a reputation for keeping its results under wraps until the official announcement, so don’t be surprised if the current rally is driven more by hope, and by the strong performance of other Dangote businesses than by hard numbers.

Stockpromoter:
All the tier 1 insurance companies are good but some of them already have bloated shares outstanding which I hate.

I like to play the low capitalized ones with improvements in balance sheets,less than 30% free floats.
Only Royalex fits wetin I want in insurance for now until I review again.
If they recapitalize without seeking to raise funds as I am guessing,it will be my best investment in the next 12 months.

Every mallam to his kettle

emmanuelewumi:
Chill till the end of 3rd quarter na

handsomebolanle:
lol. Sir, just watch as another news will come out. That’s the game Ellah is playing.

SonofElElyonRet:
Dis thing don dey resemble crypto

Stockpromoter:
📊 Free Float Figures of Japaulgold

Approximately 46.08% of issued shares were free float as at 31st Dec 2025 (about 6.57 billion shares) — from the company’s own filings. �
doclib.ngxgroup.com
Some market data providers show higher free-float estimates (around ~91%) depending on methodology and updates from trading sources, but the most conservative and official corporate disclosure is ~46%. �
MarketScreener +1
📌 What That Means
A ~46% free float means nearly half of the issued shares are readily tradable on the market.
The remainder is held by substantial shareholders and insiders, including major stakeholders. �
doclib.ngxgroup.com
This relatively large free float provides liquidity, but it also gives whales and high-volume traders room to move the price, especially in the absence of strong structural news or fundamental catalysts.

Until you kill what is killing you
Japaulgold remains a Jijo stock .
Be satisfied with any 30-50% you see in every rally.Na only whales dey enjoy the rally unless you can swim with them like Loco.

pluto09:
How will royal exchange recapitalise without raising funds?

yMcy56:
Loco, all these your lengthy talks on JAPAUL though.
Thought you're no longer in JAPAUL but in insurance...
Haven't seen your update on Royalex since JAPAUL newsletter and rally started.

You're talking like Mr. Manchos na just because JAPAUL commenced rally when the market is waiting for results and some stocks were slammed with warnings, thereby spreading panic sales.

* How much is GTBs OS and free float when it overcame all your so called whales all the way from 18 to be trading @120?
* All your shouting about ROYALEX, where are we now?

JAPAUL has 14B OS with over 9B domiciled with strategic long term investors and institutional investors mostly.
When JAPAUL is ready, no one can stop them, when the share price is out of you guys manipulative reach, we'll see how it goes......
JAPAUL is forging ahead either you like it or not, it's just a matter of time.

mikeapollo:
Some people seem to hype, promote any stocks they have and then try to write-off or de-market other stocks. I don't understand

Stockpromoter:
I am very patient with Royalex.It is my new safe heaven when the time comes.

Japaulgold is our Jijo stock.We always know how to bring it up and down for everyone to benefit.

I asked you to wait but you are struggling that's why I have to calm you down.
You will make the money,I will also make but hold on let the one we have done cool nah.You thought I didn't have Japaul?

Stockpromoter:
What the Market Expects from Japaul Gold & Ventures Plc to Overpower the Whales — Otherwise the Whales Stay in Control

Right now, Japaul is in a liquidity-driven phase. The large free float gives room for aggressive accumulation, sharp rallies, and systematic distribution. If nothing structural changes, the whales will continue to dictate short-term direction.
For Japaul to truly overpower the whales, the market is expecting the following:
1️⃣ Secured and Structured Funding
Gold production is capital intensive. The company must:
Announce fully secured funding
Avoid weak or under-subscribed capital raises
Possibly attract strategic institutional investors
Once strong hands enter, speculative control reduces.
2️⃣ Tightening the Free Float
The wide free float is the whales’ playground.
Management needs to:
Bring in long-term locked investors
Encourage strategic shareholding stability
Reduce excessive tradable liquidity
When float tightens, price manipulation becomes harder.
3️⃣ Tangible Project Milestones Before May 2026
The production timeline is May 2026. Before then, price strength can only be justified by:
Equipment mobilization updates
Processing plant development progress
Verified gold reserve confirmation
Offtake agreements
Recognized foreign technical partnership
Milestones shift control from traders to fundamentals.
4️⃣ Consistent Transparency & Credibility
Clear quarterly updates
Visible capital deployment
Strong governance signals
Mining stocks re-rate when execution is visible, not when sentiment is loud.
⚖ The Reality
If these structural moves do not happen:
Whales will continue to accumulate at support
Push price into excitement
Distribute into strength
Crash back to strong support
Repeat the cycle
Until fundamentals overpower liquidity, control remains with smart money.
Execution is the only weapon strong enough to silence the whales.

Until these are done,no real movement

Stay off for now and allow it to return to where the whales will accumulate for next ride

yMcy56:
Ok. Pls allow JAPAUL be.
Whosoever wants to invest should be allowed to do so at least.
I knew more about this JAPAUL since the days of 20/30kobo and you know that.
Some are still holding it since then....

JAPAUL is going back to base shey?
We don hear.....wait for it @0.20k or whatever junction you wish to wait, maybe yours is 0.10k....
After all Peter is still waiting for ZENITH/GT at below N10 too.
Why you're on its case is what I don't understand.....maybe you know what we don't know..
We'll be glad to learn more.

Stockpromoter:
Go through my posts you will know I am trying to draw out the mgt by pointing to loopholes in Japaul.
This was how we did it in Ellah lakes few months ago before chuka started the trajectory journey.He has changed but needs professionals with farming experience around him now.We will later succeed.

For Japaul,Watch out, Japaul mgt will soon re-act by dropping another press release and will also work on their free floats in addition.That wing is leaking and goals are being scored through that wing.....

For now,the whales are in control and may like to go very low before another news will surface.

Mercy,calm down,las las I will make sure other Nsempa members will join in the next rally.
Loco have current TA of Japaul at hand.When I sight a physiological support and strong support I will drop it here for all to benefit.

Just load cash while the whales holds the Cutlass