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Thanks for your honesty Laallee, I have really appreciated peoples' comments today. They have made me feel slightly better! As you say, we have our health & that is paramount. I hate the way SML haunts me every day, especially as I really believed in the BOD & to a certain extent, still do! I am so hoping they do something soon to restore our faith. Everything crossed!
ouch!
Don't worry Arkey.
I am in for 2 million for 2.68p average. Sitting on a massive loss but I am still breathing! It can't be as bad as Sirius Minerals, can it?
Tarry, AB told us at great length his strengths and contribution to the 'success' of the company in a recent proactive interview with JP. Despite his 'leadership' I still believe the BoD will deliver a JV for LCCM but that it won't be delivered until the new year (after the PEPR). Good job we're all patient (or not prepared to sell at a loss!)....
That very one Prop.
Yes trout - the Brenda fiasco, the double raise for Redmoor, Bonusgate and the most recent figure manipulation has made me much more wary of SML which at one stage I thought was a 'sure thing'. It has felt very much like a lifestyle business of late (JP's lifestyle) - if he can't make LCCM work and secure an advantageous and non dillutive partnership agreement for shareholders he had Broome really need to consider their positions.
I'm not even sure what Broome does apart from collect his paycheck and bonus.
Ah, you mean the ‘text of intent’.
You can research as much as you want but cannot do much if the BOD are less than truthful .i.e. RNS of" letter of intent" last May made me decide to average down with million shares at 1.8p. You expect shenanigans on AIM but for BOD to actually lie about it in an RNS you cannot legislate for.
Thanks to Trout's detective work the news they give us still cannot be trusted.GLA.
Casinos are regulated.
Arkey - I'd echo all the thoughts on this thread. AIM can feel like a casino and it's often referred to as such. I think the key and I learned this to my great cost is to avoid having all your eggs in one basket. Sometimes you're up, sometimes you're down but in the end if you don't believe in the company/story/bod sometimes it's better to cut your losses as I'm sure we've all learned.
A lot of folk say DYOR and you absolutely should yet most of us have full time jobs, kids and other pressures so you end up blending real research with hard lessons and a little faith in fellow posters (not too much mind) to reach decisions. I believe (and hope) SML will come good and I've also had a very painful lesson here too - I still have some faith that we'll see 2p again on positive news from LCCM and Redmoor for the win. That said I've reduced my exposure here a bit and was fortunate enough to invest in GGP around 3p and here's the kicker - I've got DJ to thank for the heads up on that.
This time next year we'll be millionaires surfing that tsunami of cash ;)
Not ‘overly’ - I meant ‘lovely’
Some overly supportive messages of advice and support, this morning - I wish every one of you emotional and financial success during this torrid time.
Thank you guys, strangely you have made me feel a little better! Here's to more positive times for us all.
Arkey - I feel for you.
All the work has dried up in my sector and I’ll be in the same position in a few months time and will have to sell in early 2021.
Bitcoin makes a good point about our largest investor- they are still here and also probably have an average well over 1p which is likely to be a £1m investment in SML. GLA
Great post Bitcoin
I’m also sleeping in the spare room!
Almost impossible to get the purchase/exit timing right in any AIM share imo. Do your research and trust in a bit of luck!
Don't be too hard on yourself Arkey. I too was in at 3p and followed it down to where we are now. I did trade on the ups and downs but did not break any records. I too have had to sell shares at a great loss to get business projects finished and it sucks !
Perseverance is a good word for this share. I think as we know where it can go without the 2 projects we have we still have hope it can get back .
Like DV I have loaded up in the .40 region to get my average right down.
This will move quick on the right news. Lord Manners has 79m shares most purchased at top dollar. He is still here too.
But probably sleeping in the spare room because of it :))
I was new to Aim when SML sped up to over 3p & assumed with such amazing results, the only way was up! It appeared to be one of the best stocks on Aim; what was there not to like!! I have never had any more money to top up, so I am ashamed to say I am stuck at over 2p!! I have to sell a few right now to keep going due to the perfect storm of brexit & covid, but I feel sick to the stomach. Yesterday there seemed to be a small rise, but the price I was quoted to sell was so low, compared with the headline figure. I have never regretted anything in life but this haunts me every day!