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Agree that it does have a unique product but there have been other examples in the past where it is the second or third phase share holders who make the money after the initial investors are wiped out through an administration or massively diluted via a debt for equity swap as the cash requirements are so often way in excess of initial estimates. There is another potash company at a similar phase listed on aim with continual cash demands.
Shares like these will spike at some point... so just watch... happened to all you mentioned...
It is in exactly the same phase as all those other companies I mentioned got to, plus Flybe and Afren. It is a penny share where money can be made or lost on sudden bounces, it is those who hold to the end that take the hit. Thomas Cook is a great example. Just 5 weeks ago speculation sent the price more than doubling in a few days from c6p to 14p. The Board was full of rampers saying “fill your boots” and 30p coming. It is now at 4.5p and heading down.
SXX has a pretty unique product, loads of it, and much needed around the world at a fairly critical point in human history. Development start-up difficulties aside, thats a pretty impressive set of fundamentals which sets it apart from the crowd. Fingers crossed all PI's, LTH's especially, dont get shafted by the big boys. Years of commitment to the cause deserves better than that.
Sorry this share is currently in a different trading range with new Traders coming in, not for the prospect of the company it doesn’t matter anymore, it’s the quick buck that matters , until of course SXX give us a positive RNS until then play the game
I totally agree, your own research is essential an these boards to contain some very inaccurate posts.
Point is that some people are seduced by what they read. There were a couple of very sad stories on Debenhams where individuals lost more than they could afford due to what some were posting which was nothing more than wishful thinking and ignoring fundamentals. This business is currently cash negative and requires funding, those organisations who hold security care nothing for the PI and would happily wee them wiped out if needs be.
Franalex
I would add a "Do your own research" delivered with especially wide and suggestive eyes, and specifically that that "research" needs to be done wholly away from this potentially-biased (in all directions) BB.
Franalex...what is your point? You need to be an adult to trade the stock market and there is risk crossing the road.
For any new investor, if you look back you will find exactly the same comment on Thomas Cook, Debenhams, Interserve and Carillion in the recent past. This is not an investment, it is a gamble where shareholders could be wiped out just as easily as making money.
Big buys coming in above the ask...looking good for this afternoon
Based on what? Never listens to people like you or brokers.
Load up before u miss out, one of the cheapest share with great potential, just one positive RNS and it’s a multi bagger