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Getting the mining license was the catalyst for the SP going up. It now seems to be slowly meandering down and down. All that time waiting but the background work on deals seems to be slow in bearing fruit. Is it that or something else that has led to a decline ? This share has potential but the market seems to not recognise it. It seems a common problem in all parts of the market.
And the SP did go up.... Traders left, stale bulls left. Market has had jitters so some selling on that, but we know there has been a large shareholder at least that the market has been told has to stump up AUD$700k to finance somewhere else that ACP has helped provide....During lower volume times this has a negative effect on the SP, but they have to leave sometime and each shares sold is one less to sell later on.
Expectation will only ever let you down. You think it is a long time, in mining development time it is different. You want and expect an offtake.... But ACP must wait for the FEED pt 2 to finish, get recommendations from Xinhai, costs and a possible deal to build with an integrated offtake.... Then finalise offtakes of the balance with several competing world wide international companies....
Not putting together your Tesco shopping list and popping off to get it....
I don’t think it is creeping down. It crept down, but 5p has become a floor.
I think you have to factor in that the ML was pretty much expected, it was just a question of when - or more importantly there didn't seem to be much risk of it not being given. This was just my reading of it, I could be wrong and maybe the risk was greater than I thought? Anyway, assuming the market mostly though the same as me then it was probably mostly priced in already at current levels.
IMHO, the current SP is all down to K selling.
I believe it would have been higher before ML and held onto the gains after ML.
My view it that it would now be 8p.
Still over priced. Spread is up to 5.20!! - Too wide.
No immanent news.
This is 4 all day long and will fall over next 2-4-6 weeks.
I have to disagree, as it looks like it has bottomed out to me. Kabunga/warrant sellers have either sold through for now or will not sell lower than 4.8p.
The spread doesn't really matter when you can actually buy now at 4.96....
News definitely imminent on a number of fronts;
FEED phase 2, Offtakes, a reoptimised DFS (obviously expect NPV to be positively affected), CISRO further testing update, finance details with debt maximised and minimal dilution.
I'm excited......
It's not imminent haffy...it's imm a nent lol
Typo - I suppose when you have no clue how to invest and put all your money in HZM and ACP.
Guess you could benefit from a laugh.
Time to wack the nightwatchman with his big torch
Seller on HZM 2p. No more seller on HZM 8p.
Seller on ACP 5p. No more seller on ACP 20p.
My algo is simple. When seller is around -> buy -> wait (doesn't matter 3 months/2 years whatever) -> make money -> laugh all the way to the bank. We got time, no rush Matt. I'll take all Mr Kabunga's shares, I just need time to do it....
How many warrants does Kabunga still have to exercise, roughly?
About 20 million. If I remember correctly about 15m have to be exercised by March 22 and the remaining 5m by September 22.
@ Haffyplan
@ Olderandwiser
Add 23 million shares to the equation, which is Kabungas current holding, and you can see why there is a current constraint on the price.
I cannot wait until this time next year, as i think the price will be far above where we are now. Hopefully Kabunga will be fully out which will facilitate the rise. Along with the any further positive updates.
In March he sold 37 million:Then holding 19 million:then exercised 4 million warrants @2.2,Nice work if you can get it
Are we not surprised the sp is going down. It will be nearly two months since the release of the license news. We’ve not had a peep from the company apart from interims that showed nothing new. (Also the exercising of warrants). I am more than aware of Kabunga cashing in but I think the lack of trades and sentiment over the last few weeks is destroying the sp now. There’s only so much value you can buy into a company at a cheap price as most investors have there position. Come on Matt it’s time to act! We are about to touch November.
Write to the company, stop whinging at us...
Comp so slow,motto must be never do today what you can put off till next year
I did write to the company Aim on several occasions and guess what?? They never replied. I’m trying to be proactive as I guess Matt reads the boards. I for one am discontent on how we are being communicated to. I’ve said it before that the communication and PR is well below par. The license has arrived and apart from Kabunga selling there is no excuse. It’s been two months. It’s in the company’s control now. There is plenty of news to come and for one I want to hear it. As does the majority of the shareholders.
Like the ML the company may have submitted their bits. They may be waiting, so therefore not in their hands. It take at least two parties to negotiate a deal. I don’t know if one or the other is in a stronger position to push.
As for the communication I agree it could and should be better.
However they can only communicate thing which are not material to the SP unless they put out an RNS.
So any communication would be mundane.
I consistently read on AIM bulletin boards about how sh*t communications are from companies. A wooly update just to appease a portion of shareholders typically has a detrimental effect on the SP as there is no substance to it and the market starts reading in to what it is not saying. Expectation now seems to be that business can be done in 2 weeks and updates are expected if the COO goes for a dump whilst pondering over the tax assumptions in the financial model. I've waited about 8 or 9 years here so I can wait a bit longer lol.
Completely agree Juxtaposition.
some meaty buys appearing
And hoovering up the idiot sellers!
Don't worry, tomorrow will come another few 250k warrant drops and over and over again. The buyer will have a lot to take coming days. These warrants are 'investing prevention system' here.