Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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**1.07p now sorry.
Well Michu. Results are due by the end of September so if there is ever a time to gamble on this it is now I guess. Looks like a rollover trade this afternoon of 7k so I wonder is someone gambling on results? But revenue is only going to be £5.8m so it will be interesting to see the corresponding figure for admin expenses for FY 20 and the Ebitda loss. It is almost 1p where this has bounced off many times but still not for me. I wonder where Earl of AIM is? He was right before when this was 1.4p and after an a non strategic RNS he said it takes time for an RNS to sink in. He was so right as it is 1.5p now.
I see. So, at 0.01p you will still be buying.
You said "I'm hoping to be in this share for a long while yet" - okay, but while you sit and wait, the cash you have parked in FLX is missing out on opportunities elsewhere.
I have a suggestion - sell all of your FLX shares now, buy into ECK, BRWM or TSG, collect dividends along the way (at today's price BRWM has a yield of over 4%) then when FLX is at, say, 0.05p (a twentieth of a penny) take your profits on the one you switched into (leave the original capital there, take just the gain) and buy back into FLX.
Nice2.....sounds like your portfolio could be quite wide-ranging,
albeit quite bigger than I think I could manage, but at the same time
it does give you a lot more opportunities to find the BIG ones...
Best of luck on them all.....
ps : I've just realised that I've forgotten I dumbly averaged up a bit in 'my 4p by year end recent bout of 'over exuberance' - aka madness ? :-) - ' so my average here is now closer to 1.5p than 1.3p, alas .. but this is currently only approx. my 15th biggest bet in this high risk portfolio, at least.. and i'm open to averaging down here.. buy low, sell high chaps !
As i said before Noel, i'm a hard core player and understand I could lose all my bet here and in many other shares i bet on too.. but i can also win, including multi bagging on this and/or others.. and it's the overall across the whole high risk p/f that counts..
was it my post that lifted the curtain ?
Did you hear anything along the lines of...
it's time to play the music
it's time to light the lights .....blah blah blah
or something like that
I'll give you that one NTM. "Buy low, sell high" is another saying, so you might do well, but if you do add at under 1p, and it then goes to 0.8p, 0.6p, 0,4p - at what price do you give up?
unsurprisingly, I've gotten cut plenty from catching falling knives Noel.. but have also made some of my best wins from such a style.. sometimes you win, sometimes you lose .. and you don't actually materialise gains or losses until you sell.. and I'm hoping to be in this share for a long while yet..
There is a saying on this board - Don't buy until Falling Knife1 advises that it is safe to do so.
Also - Ignore FallingKnife1 at your peril.
"adding more here but very cautiously, with averaging down punchily as a key driver in that" - there is a saying in the stock market - never try to catch a falling knife. I think someone else on here is aware of that saying.
well called here again fallingknife.. but, as dodgepot is, I'll keep the faith here.... although I'm disappointed i didn't sell a tranche more when this came back to my break even in the 1.25 -.30p area.. but that only towards having more ammo to average down later.
My position here is fairly small now anyway and even though I understand that there is now a decent chance of this going under 1p again soon, i'll not sell at current 1.05 p type range ..and am also open to adding more here but very cautiously, with averaging down punchily as a key driver in that.. so would add at close to .9p type thing only.. hopefully it doesn't go there....and it may not. of course.. but who knows..
A hypocrite of the highest order is Dodgypot. Calls anyone negative on the share as"muppets" saying "tripe". In the next post he talks about " hope" that the SP will recover after a fall of 75% from its high. What a clown and deserves today's near 5% fall.
for the Muppets to make an appearance
reciting their Pearls of Wisdom in harmony.
Close your eyes otherwise you might start
thinking that because of the repetitive nature there
must be some substance to the tripe..