Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Arkaded,
As this is your first investment, don’t be too dis-heartened. Think of it more as a learning curve. When I first started investing I’d lost £10k before I started making any money. The best advice I can give you is have a diverse portfolio and try and have a bear minimum of 5 investments at any one time, eg if you have a budget of £5,000 to invest, spread it equally over 5 different companies and over atleast 2 industries/sectors. Unfortunately, if you want big games you have to go for company with more risk (88E prime example), you can reduce the risk by spreading your investments out though.
The hardest choices are what you’re faced with now. Sell-up and take at a loss or hold and hope the sp goes up in the future. Here for example, the HRZ has potential to take us above 10p alone. However, there’s no guarantees it would ever get there.
I'm looking at the price reaction and to be honest the price is holding better than my pessimistic forecast.
Definitely let the dust settle and if someone wishes to make a quick profit buy at 08:15.
I'm looking at the price reaction and to be honest the price is holding better than my pessimistic forecast.
Definitely let the dust settle and if someone wishes to make a quick profit buy at 08:15.
I will be getting up early to send my vote to spill the board.
Unfortuantely, I have found that AIM shares usually fall further in the days after a monster fall. So the best time to buy more is likely not tomorrow but a couple of weeks down the line. That is unless, of course, they release something else soon- and it is true there were some things in the RNS that hardly fitted in with the 'absolute disaster' interrreptation that a drop of this magnitude implies.
I will probably sell tomorrow (because of how cheap blue chips are) but I do think that if you hold here until the next big drill (especially if you average down once at a good time) you stand a fair chance of making your money back. This share isn't an AIM dog by any means.
I agree with Bluke
Wait a few hours for the dust to settle if you’re going to sell.
Got to expect 0.4p to 0.5p today aka a big fall.
Do you sell at those prices ? or do you wait ?
88E has cash, no fund raise needed.
HRZ shale coring results around July. That if good is worth considerable upside with a farm out. It was the biggest target in value terms of this drill - and why I will hold.
Condensate results likely around July as well (Exxon may be interested if the size is large enough and gas/liquid ratio good, they are the big gas/condensate players in Alaska)
Yukon Gold farm out news with a drill coming in around 10 months time.
Lima prospects still in play.
So plenty of things that could push the price back upwards in the months ahead. Each to their own decision to sell or not.
Personally I will wait. At worst its 10 months to the next drill (Yukon) and there is potential in both the HRZ shale news July and Condensate news (probably July as well).
So near and yet so far.......
Good luck all, it was a binary play thats now fallen in the middle of the two binary outcomes.
thanks for this advice... potentially there's money to be made by those willing to risk buying early cheaply then selling later in the day when it goes up on the bounce! Or am I being naive? I'm still learning this game!
Hopefully not of course but there is another 5 or 6 hours for the Australian Market to clear off and leave the scraps.
To be honest I don't know.
I took my loss 4-6 weeks ago.
For 0.3 we would be looking at a 75% drop or so. I think that's a little overdone but (sadly) not so very far. Going rate for a duster (yes, I know it was not a duster but this is AIM) is 40-75% down in general. I'd expect 60% down on the bell and possibly an intraday bounce. My instinct is you'll do excellently to get out with 40% loss.
However, selling or buying in the opening minutes of what will be a day with furious volume is a hazardous activity and many are mugged in the rush at the bell. So be careful.
Oh wow I didn't expect it to be that bad! I saw in Australia it was posted they started 60% down...but you think more than 90% down on LSE is likely to 0.1p?
I'm afraid you might start at 0.10p, if you hold might make 0.3p after a while.
Sad as it maybe.
I'm afraid you might start at 0.10p, if you hold might make 0.3p after a while.
Sad as it maybe.
Had high hopes for this and it was actually my first investment and I put quite a lot into it. I am now wondering at what kind of price is it feasible to sell stocks at tomorrow morning? Will it already open much lower than the close? Advice would be very much appreciated. Sorry to those who have lost out and good luck to those sticking with it!