Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Did Tosca pay 75p for there placement of shares?
I invested in this share for long term. I believe that the share and company could have good prospects if the board makes good use of the money and if the they apply a good strategy . It may take 1-2 years to see really good results. It seems to me that the problem are sellers who fear for the worst and this drives the share Down. Hopefully this panick of selling will stop soon or the SP will go down more.
Well someone on another BB seems to suggest (with no evidence) that the shares are going to zero. Another debenhams by the sounds of it. Failed rescue followed by wipe out.
Ninja - scaremongering would be to misrepresent a situation to scare people. Where as what I have said is accurate if not likely. As for your deramping comment - my only reply is that I'm currently holding myself. As has been said before that cash has already been valued and spoken for. I am sorry for not demonstrating faith.
Scaremongering, thanks ocean, people need to invest in this on its own merits. Market cap is £146m, is that what TED is worth? Yes, to the penny right now. But one has to consider that they've raised £75m cash to support a restructure, there is a potential sale and leaseback occurring (think that's another £70m odd but can't recall exact figure). So cash equal to market cap if that comes off, cool. This share is currently priced to fail, if you think TED will fail then don't invest. If it doesn't and can churn a decent profit then it will be valued higher than today IMO. Thanks for the deramp though, everyone sell and put your cash under the mattress!
I believe many are looking at previous trading prices and believing the will be a recovery. IMO that is a mistaken point of view. There are now 4 times as many shares in issue the pre issue. That isn't just a to rights issue, it's a capitalisation of the company. The shares are simply not worth what they use to be. Thinking it traded at 400p then suffered a loss of confidence to fall to 100p doesn't make 100p fair value. A fair value of this share is 75p on a good day. But as with the initial sell off stemming from lock down this will now be sold off to reflect the new market conditions. The new fair price for this stock is 75p I see a sell off on confidence to 50p. 75p isn't discounted it's fair value - that's what a rights issue it by definition. There are too many people here believing the share price will rise on days with more buyers than sellers - again another mistaken belief. If people submit sell orders before the are lapped up by buyers demand for this stock will have no influence. 50p here we come. That is a discounted price, on a good day.
just have to grit your teeth like i'm doing. i won't be selling. defo won't be selling tomorrow Friday so i may as well not look at SP for a day and have a long weekend. my plan here is to hold for longer and not get tempted to sell on the first bounce etc.
"i once followed Thomas cook down, kept averaging and ignored the signs (got burned)"
TED is nothing like Thomas Cook.
However, the continuous drop is starting to become a concern. No doubt some will appear and say, well what did you expect. I expected 75p, but to drift below seems a bit extreme, given the II purchases. I wonder if we'll see an after-hours holding RNS today.
Perhaps someone could explain why funds buy to lose money. Everything else might make more sense. Starting to wish I hadn't taken up my open offer shares or at least had sold them when they arrived.
@downbutnotout every additional post you make, they're dropping it by another 1p
fat chance though. only 3 mins left to close.
i'll be happy if we can get to 76p before close.
wtf dropped to 71p on the bid.
seems to be good support at 73p.
likely i'll be holding for longer. that way gains may be much better than expected by many at the moment. the sun will shine here one day.
Haha
Thanks Jonnie5x - congratulations on your own success - a win is a win.
Back to TED, which is looking very dismal sadly. Not sure I understand it.
Must be down to company sentiment, but considering how much buying there was directly after the open offer at levels much higher than this, I'm surprised. I had always thought there was a danger of 75p - despite topping up my offer shares at 97p and 80p. However, I didn't expect it to stay down here for long.
If it goes below 70p, I'll probably come in for some more, but really hoping for a reversal upwards.
from 72p to 76p in a flash.
well done Knowbody ! (always good to see a success story)
i also got lucky on boohoo, on Tues i bought 1000 shares at 252, then sold 272
(but only held the shares for like 15mins)(, so my profit not as good as yours, but will keep me in beer tokens for a weekend)
yesterday my Boo bottle went, even though i was very temped at £2, i didnt want to hold overnight (I need the sleep, lol)
AML/Mars are more mini worries of mine
"boohoo board/stock is madness at moment (may be a win other there)"
Be careful over there.
I got tempted in yesterday by some ramping (which I rarely pay attention to) - bought at 250, watched it fall to 200, held my nerve with the very tips of my fingers and eventually got back out today at 279, with £1400 profit. But it was one hell of an emotional roller coaster!
Would love to see TED rise like that, but the fundamentals here are vastly different.
with the recent placing , hanging around below 75p is a concern to me
i get a feeling this will slowly trend lower, i once followed Thomas cook down, kept averaging and ignored the signs (got burned)
GL to all, keep strong & try avoid losing money if you cant't make it
boohoo board/stock is madness at moment (may be a win other there)