Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks Chaebol. I agree with you, and obviously the SP performance since Feb does not lie. I don't see anyone blaming the MMs now.
Regarding selling at breakeven I will certainly reduce my exposure - maybe even before breakeven. This is not because I'm negative about the future of ARB (the fundamentals haven't changed - just the timing and execution of them). It is purely because I am over exposed having bought more than I should have done on the way down to £1.40. I do however expect a recovery once Texas is up and running.
follow the money, PW gave the signal, but ignore PW also sold at 29p and recently bought at $19.
Yeh they say follow the smart money, PW gave us the signal, I just chose to ignore and buy more dips to dips lol
Got to admit, a good bit of timing that with 3 directors selling at the same time too
Rams,American investors don’t understand the adr, ie 10 for 1 split. So it looks overpriced and ultimately overlooked.
The underwriters have caused this to become an insti miner, retail America will go elsewhere.
And Barney PW cashed out 3.7 million quid ;( ‘as better ops were around’
'As for Nasdaq, right now it feels like a really poor move, the yanks simply won't buy-in.'
I disagree, just takes time for the volume to turn up.. Volume today has been great so far nearly 1m trades in 2 hours. This reset could be just wait was needed to bring new retail investors into ARBK/ARB. Just means we get an extended cycle.
Great post BarneyR, I’m afraid logic left me when this mooned like it did. I certainly expected £5 £10 when we soared past £3 but alas here we are because of terrible executions of biz plan since April.
At least you have time on your side, I hope the time works out. One question will you sell at break even ? I ask because lots of people wil be under water and first sign of getting dosh back after quarters possibly years, will cause massive selling pressure…
Good luck
Great post, I'm in your boat Barney 50% back today.... on the brink of capsizing - talk about dealt a pup...... sad thing is I dealt myself!
What is clear is that it will take something huge ( and I don't know what that could be) to shift this up to £1.50 - £2 let alone the pre hyped £5 - £10 on Nasdaq......
As for Nasdaq, right now it feels like a really poor move, the yanks simply won't buy-in.
Hey Splatted. Hope all is well. I'm glad this one has worked out for you. Absolutely all to do with timing and yours was certainly much better than mine - and many others.
However, if you recall when the SP was trading in the £2.50 range it was being talked up to £5 and £10 by many. Increased mining, fund raising, impending NASDAQ listing (the alleged holy grail), Pluto, Texas etc etc. Sadly none of these elements made one iota of difference.
And anyone who dared say ARB was overpriced was lambasted, abused and filtered. Even I filtered a few!! The truth of the matter is that from February 2020 this has become an horrendous ride despite all the positive company news. The only negative news I can recall was Peter Wall cashing out over £1m worth. Good luck to him btw. No issue with this whatsoever.
Thankfully I can afford to sit on my hands for the next few years, because I suspect that is how long we will have to wait to see the SP recover to ATH levels again. And before anyone says I should sell up, there is zero point in doing so being 55% down.
Hey barney. Its my second biggest winner in 30 years of investing. All relative
Same here. It has become my biggest paper loss in 30 years of investment.
I am not chasing it down anymore. I am also not selling any and will sit it out until it finally comes good. Definitely not quarters. More likely years unfortunately.
I'm so under water on this one.
Question is, do I keep chasing it down with more top ups?
Is this because if the boatman capital report again?
Below £1