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O/T Jsmith23,
“TrekMadone, ARB is going to be listed on the Nasdaq tomorrow IPO, is that not going to increase further or already priced in?”
160p sell at ARB looking pretty good now. Hope you managed the risk.
ECR getting near the next top up zone now sub 1.65. Get ready to flip some more over. Higher doesn’t really help my average but rather it went higher!
Good luck with your investments
Trek
Keep talking like that Trek and Craig will offer you a pr job.
Hi jsmith23,
Always leave something for the next guy. I reckon it will spike early doors and pull back. Future is bright though for ARB. It’s USP is now a green miner. I reckon it will eventually get to £4 but that’s my point. I am not interested in a 2 and a bit bagger from where it sits now.
E.g like one of my other high risk plays IQAI is a potential 10 bagger in a blink so why do I need ARB anymore. Leave it to the herd my work there was done a long time ago.
ECR could do 10p quickly once it gets through 4p. After 3.75p there are only the Shen warrants left, 27.6m at 5p and they expire 16th June 2022. If they convert chances are they will hold and ECR get another wedge. Getting through 4p again from here is the hard yards.
There will also be loads of trading opportunities along the way. Chances to bag some extra shares if you know when the warrants convert.
I expect CB being a finance guy will have an eye on those Shen warrants and we will see a build up in news ahead of them. That could be easy money for ECR and there would be no complaints even with the dilution as by then we will need to think of cash and all holders from now would be well clear. It’s just a pity there isn’t an accelerator clause to force their hand.
Just the clock that’s ticking! Lol!
I don’t see one piece of news shifting us now, more like an accumulation of events. For me the real deal will be when they infill the diamond drills with RC. That will be going for gold!
There’s also the chance of JV and the licence applications, for sure they will be accretive but both are by comparison hope! The JV depends on what we find and the licenses can take flipping years!
The drill is in our hands that’s what I like! What CB has done in getting the mine decline acreage, the drills, pXRF, core sheds, extra geo’s and peeps on the payroll and even the last raise is all about being in control of our own destiny. It’s a longer game but it’s got solid foundations.
It’s just that atm investors know there really isn’t a hurry. Many would rather wait and pay 4p knowing those hard yards have been done. There aren’t many that sniff out a ‘bargain’ and are able to ride it out or trade along the way but imo we’ll be the big winners here. Imagine it gets to 20p that is a very real possibility and you have 4m shares at less than 2p average.
That’s what BCB is doing and I fully get why. Plus if you have a few bets across the sector or small caps in general it improves your chances of finding another ARB!
Usual caveats
Trek
TrekMadone, ARB is going to be listed on the Nasdaq tomorrow IPO, is that not going to increase further or already priced in?
I sold all my ARB now. My average was 4.3p.
At one point I had 750k shares!
I sold most too early but I have exited there now and bought where I see better value like here and grabbed some divi payers on Mondays dip.
Having dmor on aim playing the wider market is easy by comparison!
I bought GLO, PHNX, TGA, AV. and DLG as main income plays. They made it through my filters some were top ups.
I am looking forward to slicing lots of my high risk stuff to land more income. Hopefully before a Santa rally!!
Yes it can be done I retired at very early self funded from the markets and yes it can also go very wrong! It’s not easy like some folk think. But you only need one or two big winners and no reason why ECR cant be one when you look at our neighbours!
Good luck with your investments
Trek
I am not good at dates and I don’t like to reminisce because I was such a twt! Lol!
An investor idiot of the first degree! My only winners were lucky. I remember some silly wins on RRL, RKH, and even DES before SQZ, SOU & CAZA went the proverbial **** up.....
And then NPE I bought for what I thought was an obvious takeover, held for over a year, sold it. Next day takeover!
Then BPC was a good one, I reckon I am one of a few to have made money there. But to win you HAD to trade NOT hug and time the cash calls!
There was a website called RNS live or something like that. I used to get a text of all the RNs’s that I had signed up for. It arrived at 0700 conveniently whilst I was walking the dog. Then I’d go home and get ready to trade the spike! (the site was later modified due to a change in legislation!)
A few texts were beauties, like RRL I sold at 9.9p it closed at 6p! Then VOG I remember buying the day before at 4p and selling it literally the next day at 6p! Then DES - frigging oil into water! I was Iucky. I got out by the skin of my teeth. Sold the news thankfully before the bombshell!
Yes I also had some Ariana Silver, I forget the ticker, also MARL, CNR and AAZ the only miner I made money on. Just wish I held AAZ but the chance of civil war put me off!!
I have goosebumps now. XEL I was nearly wiped out! I mean I fell for it. DYOR does NOT always work. In this jungle folks lie. I know it’s heresy to state that but it’s a fact. Do not trust any BoD. The best you get is some are better than others. There are very few without an agenda. PI’s ARE a means to an end!
Don’t trust BB’s, don’t trust directors, don’t trust policy makers, peeps miss that one, but think of the left field impact like tax changes, regulation etc! Don’t trust brokers especially their macro outlook or any of their stock ratings!
There. Now that’s clear, walk down the high street, what do you see. Talk to a friend that has their own business, what’s going on. What are the kids spending money on. Well I bought boohoo at 45p on that one!
You get the gist! That’s real!
You can make or loose shed loads of money here I have done both! Thankfully I am doing ok!
Next lesson is averaging down with the same money on a falling SP. Have you followed my posts here?
I bought back 300k today. I am hoping for a dip tomorrow for the other 200k
It can be done!
Trek
Ah, the good old days! Apart from Unit Trusts I hadn't invested in individual companies at all until the 'crash'. My first three were Barratt's (39p) & Taylor Wimpey (11p) as we always need new houses and Johnson's (dry cleaners at 4.5p) as my friend was a Regional Manager. Thought the 'game' was easy; how wrong I was! Thought we had now weathered the worst of the small cap mining downturn but may be wrong. Over weight here and ccz and never expected to be buying at current levels in either. Assays are next key news which will determine short/medium term direction imo.....
“Picking up on your post, Trek. Does this feel like a repeat of 2008 to you?”
Yes a little. Especially with the pull back and what is hopefully now the nadir.
The tactic for picking potential winners for tomorrow though hasn’t changed.
1. BoD
2. Financials
3. Postcode
It really isn’t that much more complicated. If you have an experienced bod with skin in the game that have the wherewithal to raise cash when needed at the right price in a proven postcode within a safe juro that’s as much as PI’s can dig out.
For sure many companies have extra ‘bells and whistles’ like ECR where their operational autonomy sets them apart or like PXC with their clever non dilutive approach but for the main part....
‘A rising tide lifts all ships’ but those that tick the three boxes will do well and in much calmer waters than some others!
If you then pick three or more you have a better chance. As pointed out below you only need one winner!
You can then sell the others or slice even at a loss if necessary and ride the winner(s) hard.
I have been working on a clear out and backing harder my conviction picks. ECR is one of them.
Usual caveats
Trek
This Is Where It Starts To Get Dodgy Selling Around These Levels .... Before The Crowd Pile In Again ... Buy Order In ...Let’s see How It Goes .
I have posted before that I have been trading this down a while now. My average is just over 2p. I have cash ready to buy again having sold 500k at a tad over 1.8. I thought I had missed the boat but will be putting in soon. Just waiting for Japan/China to return from holidays.
Started buying blue chip divi payers again today.
There won’t be any tapering. Mr Market has just given the fed a taste of what could happen! So could get a bounce as soon as end of week!
Usual caveats
Trek
Talking sense
It's not what I want to do but it has been our pattern here for a while. Just thought to keep it interesting while we wait o real rises sell at 2p buy back at around 1.5p ..its a risky game I know because it could get need that sends it off on big spike when I am out but that's the nature of the beast.
If that's what you think is a good strategy then go for it (personally I'm holding on to my shares including the trading pot)
Again...seems like we get to 2p and bounce hard off thus back down to 1.5p.. prob should sell up and buy at 1.5p and rinse repeat tbh