Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Building up a portfolio of stocks is sometimes about letting them ride, initial, profit or both. I let mostly profit ride here, my initial went elsewhere to do the same. All on the back of MB/NJ misleading RNS (there is no defence for their actions). Yes I should of sold what I had after it became apparent they mislead the market but these are experts in their field in a (sighs) regulated market and everything was ticking along. Never trusted him since and won’t again, so thought might as well leave it in now and see what happens. As it turns out, nothing barring £30k extra out of shareholders funds in his back pocket. So this new venture and a raise for it could well suggest that the ‘other’ investments ain’t doing so well or he’s expecting a lot longer wait that he previously thought on the Tanz project if at all. Who knows.
Other thing about trading (from somebody who does it) is it's sometimes more efficient not to do it in shares but do CFD etc but then you have carry costs and if so I just wouldn't understand why somebody would sit years underwater on a trade with ongoing cost. Part of the thing I like about shares is even if I have a 7 figure portfolio (I no longer do, but I once did) my regular fee was like a tenner a month. As I understanding keeping a cfd alive for years is like a real pain
Ok so your trade went wrong, I get that too. I'm not a trader (hence losing money because I held too long - so not necessarily disagreeing with you - I could have sold my Horizonte holding for 7 figures starting with a 2 at one point) but my understanding of traders is they exit when losing because they get the fact that you're unlikely to get it back fast and usually there are better opportunities elsewhere? So part of a traders mentality is trying to make more wins than losses and I totally understand that strategy even if I haven't practiced it myself. So in that context I don't understand why you wouldn't sell here, take x loss, try to make 2x on the next trade on something better.
Hence why I believe AIM is not for investing it’s for trading. CEO’s aligned with shareholders means nothing, just like us they are in it for themselves and will do whatever for themselves.
But you're literally posting because you don't like him (I can't remember why and probably none of my business). If you were invested, and wanted your money out, you wouldn't talk him and the company down surely? Because that would mean you couldn't extract your £ invested imminently?
So I don't think you're invested, you got beef to grind with him, I get that, I got that too with JM at Horizonte because last August he said on time on schedule nothing to see here and 6 weeks later when away on business I'd lost £800k I could never get back. So I get why people don't like certain people, it happens.
For all I know he could be 150 years too late for the silver mine wasa, anyway you know my take on why I don’t like him so I won’t go into that.
Dee £3.5m of his own money are you sure? His average must be massive.
I have a choice and I had a choice. If I had my time again would I have put into AIM? Of course not, and I put that on the HZM board, as a parting thought. Now my choice is to wait it out (here) and see what plays which is why I'm here. I have a choice today, to sell, I could sell my shares. I can't sell shares in GRL (because it's suspended) and I already sold them in HZM (because it's toast).
The thing I still don't get is why people hang around if a. they're invested and underwater and don't believe in mgt. Just sell surely and move on? b. not invested but like to offer others advice on boards i.e. the famous djryan approach it gets really tiring real quick because people love it when you go around boards telling everyone AIMs an itshow and steer well clear or c. really not sure why you post Amtech you obviously don't like the guy so do you stay invested/sell/buy more? Obviously the silver mine might get developed imminently then we're all screwed because that could take 3yrs+
GRL - Remains to be seen
ACP - Progress unfolding, and let's watch it play out.
I too partook in the placing. It doesn't make sense not to when we're seeing progress.
As for HZM... I'm sure I told everyone I could dozens of times to steer clear.
MB is putting his money into ACP, with around £3.5 Million of his own money in total invested. Jeremy Martin took OUT around £8 Million over the years in HZM.
It's relatively simple - If Matt Bull Fails, we fail. If Matt Bull succeeds, we succeed. I really want to see more details about this project. Grades, ore, etc. Then we can all make a fair assessment.
Doesn’t look like you have a choice wasa, aim casino at its best.
>>GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
should have read auditor resigned. Always good when your auditor resigns it means things are going well usually.
Good or bad to be said about every company but here were my three great investments from around 3 years ago, similar weight, I actually have most by £ invested in ACP:
HZM - now worth 1% of what I paid, CEO went with 7 nearly 8 figures taken out, paid in 0, company about to disappear
GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
ACP - soft pedalled while Tanz gets its act together (note - Blackrock, for all their great RNS' still producing the same amount of graphite as ACP), company solvent, cash in bank, placing at 10% discount(ish) to fund another near term mine in decent jurisdiction, CEO puts in £100k of own money
Which do I prefer out of the three? Well I'm well down on all three but I know which of the three I might not lose my shirt on. Hence I supported this placing and remain invested. If people don't like it, don't but, or, you can always sell.
GLA