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Wtf is happening here? makes no sense that It's fallen so drastically after such good news. SP remained relatively stable in the long lead up to ML acquisition and now were almost back to where we was 10 months ago.
Considering all the lithium hype we are getting in the MSM, you would think this would be attracting buyers. It's only a constant down, down, down. One good day since the licence was granted four weeks ago, which is all very disappointing. Anyway, if it keeps falling, eventually it might fall to sub 17p, then I might buy more to average down.
Another bad day and only -£13K to recoup haha. Maybe tomorrow will be blue.
DanielC43R
yes its certainly a worry.. seems so much grabbing going on, seeing these drops in good companies with good prospects
hope things improve
ELsteve- this will translate exactly onto the balance sheet, because now they have a real asset. However, the balance sheet will not be updated until final accounts in 2022. Once they know how much additional spod 5 they have to add to the total. Spod 6 is already in the bag.
Unless of course they make reference to it in the interim report.
Many companies trade under asset value.
The problem is that although the company has great potential this does not actually translate onto the balance sheet. The company makes no money and at some point they will need to disclose how they are going to fund production and this adds to the uncertainty meaning market makers can easily run short positions marking the price down daily. Adding to current long positions now is like catching a falling knife and until a genuine uptrend starts to emerge or some defining news emerges I am not going to average in, I am small long from the mid 30's and happy to sit and wait but I'm not going to throw good money into a falling stock.
And certain stocks seem to have thrived and maintained their gains. Watches of Switzerland would have been a pretty decent buy In April 2020. 7 bagged so far and showing no signs of slowing. People will always want expensive watches it seems!
Thanks for the responses and insights. I got into KOD at (what I thought / hope is a good price) based on their potential. I took a small slice of profit a while ago around 0.3 . KOD is one of my (few) with profit stocks right now. I will continue to hold but just deflating seeing sp slides everywhere from an investing point of view!
Sonofyoda, if you are looking long term we would expect until the study or the annual accounts are released, most of us are settled in until then, 2022.
However, there is a risk factor for us that it could fly up too high before then. A leak of a potential deal. A company offering a buyout. A hint of the amount of additional spodumene 5, and prices per tonne could set off a stampede. I am more interested in other deals around the world to see what the new high priced lithium landscape looks like.
If you like trading, you may be lucky with some news or not. But we are due an interim report this month.
Having said all that, I'm happy with my SNG, ZPHR, TXP and ALL this morning - all blue!
Sonof - there's a view that there's a wider problem with the market: that so many trades are done using AI and bots, it's hard to get a handle on pricing of shares. Look at the reaction to positive RNSs: either the sp spikes (and then fall away rapidly), or it drops. Before all this, you would see a small gap up, then a steady rise over the coming sessions, and the rise would be held. When all the trades are executed automatically, they are highly sensitive to volumes and short-term moves.
It makes it hard for PIs, and sadly, it takes all the fun out of it.
I am in way too many stocks and virtually all are getting hammered. Company news that last year would have seen 50% gains now barely ripples a share price. There is general uncertainty due to Covid so people stockpiling cash or taking profits / crystalline losses where they can even if SP is well down from its peaks. Lots of companies I own have great fundamentals / prospects but that doesn't seem to matter right now. Question is, how long will this state last?
Evening All,
Just wanted to say Dan, that I am in a similar situation and swimming in a sea of red at the moment, but not nearly as significant as yourself. I only have a couple of thousand and change invested in the stock market but I didn't put it in to see it evaporate!
I walked into this investment thinking it's a go'er and have not changed my mind. I do FEEL, however, that BA has tied his shirt to the mast with this one as he has gone down the shares route and not looked to cream off a higher salary during the process. I think he knows he needs to deliver the goods and his career and reputation depend on this, however long that might be.
Surely he doesn't want to leave a legacy of having duped retail investors? The next five months will tell all and I am happy to maintain my trust in him. Lets look forward to a positive future.
Keep well, AJ
Thanks Dan ... your right ..we just gotta sit tight and hope the world gets a little less mad. Best of luck with all your investments hope we can all retire soon
Same for a few stocks in my PF incl. this one. EUA down from 43p ish in Dec 20 to 22p ish now, GGP down from 37p ish in Jan 21 to 14p ish now. Less said about COPL, SYME, ICON and LEK the better (3 main market stocks there - who would of thought it lol). In a year my PF value down from £153K to £86K - yep, very depressing. I keep telling myself it is not the stock but the state of the world currently. Fingers crossed that 2022 brings glimmer of hope. GLA, Dan
Getting very depressing watching the SP melt away day after day ... Will be worth less than prem at this rate ??