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Ripe for Brandon Wade.
https://www.youtube.com/watch?v=plMNOBc8zCM
Yes and women.
Correct me if I'm wrong, but I gather from what you're saying is, if you like babies and heap leaching tech, it's a win win scenario.
The other consideration is if we all bought 5%, then only 20 people can get mega-rich.
Also, if you declare yourself as owning 5% of a company that is worth £100million, so you have £5million, everybody will want you to give them money. Women will claim they have your baby.
Yeah mate!
Hand in your notice and start looking for a boat!
;)
May sound a bit crazy but if someone wants your shares that bad, just under 3% or not, they will find you and take them one way or another.
"ICL, so what are you saying? We are going to be millionaires?"
Only 34 of us, holding just under 3%.
The problem with holding 3%+ is, an unscrupulous private equity could find out who BIKWIK is, send in South African mercenaries, attach electrodes to him, and force him to sell.
Best to use a third party to buy more than 3%.
That's great news, I can retire before I'm 40 then.
Of course, we've known that for several years...
ICL, so what are you saying? We are going to be millionaires?
Charts 'R BIKWIK.
I'm the Dyson wannabe.
Make a note, when they invent the time machine, jump back to June 2019.
Buy at 0.03p inside an ISA. £20k can buy 66million shares, but don't buy more than 3%, which is 56million.
Have to pay 0.045p now. 50% more!
ICL, it is those exact things you pointed out about the chart that excited me, it's built a little foundation for the first time in a very long time combined with the fundamentals I really do feel times are changing here and a surprise may be in store for us.
"Well I bought 3m yesterday near the close and another 5m today.
Gets me up to 55m, just under a disclosable stake.
I could buy another 1m, but then you'd find out who I really am."
Shares in Issue 1,889m
1,889m x 0.03 = 56,670,000
1,889m / 55mm = 34.345
There can be only 34 people holding just under 3%.
James Dyson is worth $5billion, 3% is $150million, which is ~£120m
At, 0.045p, 55million shares is £24,750
£120m / £24,750 = 4,848 times.
After a 10:1 dilution
£12m / £24,750 = 484 times.
That is the dream.
Take a number, the 35th is a rotten egg.
You could get somebody else to buy some for you, of course.
£20k ISA allowance buys ~40million shares, at 0.05p.
Let's face it, if you try to buy 40million, the price will move.
Absolutely spot on mate and thank you for taking time to write that post.
Just in case anybody was wondering who's been buying shares recently. Well I bought 3m yesterday near the close and another 5m today. Gets me up to 55m, just under a disclosable stake. I could buy another 1m, but then you'd find out who I really am. Why buy more shares you ask. Well the chart for one thing. I know I said that this week is halfway through a 10 week cycle. That is true and why would I buy shares on the theoretical high point of that cycle. There are many cycles, not just a 10 week. There appears to be a much larger 41 month cycle for instance, so three cycles back takes you to around the start of 2009, the depths of the financial crisis. I think the 41 month cycle low has occurred very recently. It got to that point (about .025p) after the steep price decline which took place in May and most of June. That also left the price way overextended below the 50 and 200 day moving averages. So, we have already bounced back a bit, but there is further to go. We are currently flirting with the 50 day around .04p (mid price) the 200 day is a lot higher around .074p. I'm not saying its going straight back up to that level straight away. It could I suppose, but i'm not getting excited about that. What is interesting is that usually with downward price spikes, the price usually bounces back quickly. This recent time its spent about 4 weeks making a small base pattern before rebounding. That suggest to me that a more sustainable recovery could be in prospect. Certainly the fact that (if I am right) the 41month cycle has bottomed then that would suggest it too.
Fundamentally, the outlook does appear to be turning more positive. They got the General Meeting resolutions passed so they now have leeway to raise more funds. Accudo seems to be getting more serious now, and in the absence of the Copper project in Turkey with Deep South (which I am still a bit sceptical) they do have the Zinc tie up with Proses which seems to me to be the agreement which looks more likely to bear fruit. Don't pin you hopes on Multicom. It may come off but id give that less chance than possibly Deep South actually, though I could be wrong. No I think Accudo and Proses are more likely to bring home the bacon. Also, I think some sort of larger financing deal is a possibility, maybe with Accudo or someone else. So given the Technical and fundamental out look, I just had to buy more!
These really need to get moving! I'm sure we all agree on that.
No material change at all.