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Surely the large hand-out from the Australian government should have some bearing on the price?
Woohoo carefree you crack on with the posting nothing wrong with a bit of entertainment for us lol
Q E D
I generally don't post on the board, but do follow it reasonably closely. Would disagree strongly with your opinion that posters are rampers flogging this investment as 'get rich quick'. IMO very clear in the discussions that this is a LTH and value ultimately won't begin to properly reflect in the SP until it moves into production (hopefully) be that end of '23 or later.
@diverboy, Not really sure what you mean, i did make my account today here to post. i have had no reason to sign up before. I use Barclays for my platform and find their research centre a good tool. I read the chat board here as i value some of the insight from some posters. EG i like alot of the analysis from Hydro and some others. I thought i was pretty open it was my first post in the post? Just because my content maybe doesn't suit your agenda shall we just pretend i'm a bot or some other conspiracy?
C'mon folks - can't you see the effort to reduce buying pressure as it hits new levels!!!!
Been sitting on this since 4.8p and have been through the highs and the lows.
Problem is that I've spend over a year watch my gains get eroded week after week after week.
This morning I finally pulled the trigger and moved 40% of my position.... I'd said I'd not do it but the relentless erosion has got to me
Carefree,
Long time holder, but made your account today. Feeble attempt my man. You aren’t the first and won’t be the last
See what they are trying to do- strip away any new interest in the stock - they know they won't shift the LTH's so its the nothing to see here for years bit- sick and tired of reading O-level psychology course work (predicted grade E/unclassified
ENOUGH ALREADY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I think you must have read my post wrong, There is upside here, alot i beleive but its not going to happen overnight. There's a huge impatience here from many as if they have a golden ticket they can cash in very soon. Reality we are in a transition from an explorer. Thats why i'm holding. People need to be prepared to stick in for years to realise strong gains which is what i intend to do here
Always a good sign when these lot turn up :-
https://www.griproom.com/fun/how-to-spot-fake-comments-on-stock-boards
Yes same old narrative. New posters coming in when the SP and falling and stating that there is little or no upside in this. No calculations to back it up just a clear attempt to spread doom and gloom.
What a load of blx.
"Just my thoughts - i think the unhealthy ramping keeps attracting the get rich quick type which is further hindering organic SP growth"
This isnt 2020, there's no flood of people jumping in because price keeps going up. Whether people here say this is worth 10p or 1p it doesn't move the SP or entice new people in any sort of quantity to matter
SP is SP, 38p was unjustified (at the time) and 11p is unjustified now
Carefreeinvestor - great, reasoned and balanced post. I'm slowly accumulating here, currently at around 50% of my target holding. Have no issues with the SP in the short term as for me this is a 2-3 year hold, hopefully with an average around the 12p mark.
My point exactly one and half million quids worth between them ain’t great!
First time post for me, i have been a long term investor in this stock and have a healthy holding. i'm a regular reader of the chat board although haven't contributed before. I have chosen now to contribute as i somewhat really question if many on this chat are actual investors or paid rampers as what i read regularly as an investor i find frustrating. (No offence meant but will explain my thought below)
First of all this stock seems to have attracted the get rich quick type of crypto investor, Its heavily ramped and people talking about 10x plus is a little delusional. Unfortunately the consistent over ramping has attracted people that can't often afford to invest so plough their money in expecting a quick buck and due to financial circumstances then have to sell their stock when it doesn't materialise in their time frame.
Secondly there seems to be the perception that this is undervalued just now. in reality its not. This isn't the world best kept secret, we all have the same tools to diligently research our investments and we are where we are as people are choosing other stocks to add to their portfolio over this one. If this price is unmissable then institutional investment funds and private investors alike would be buying like theres no tomorrow. We are where we are on price as thats what the market dictates we are currently worth.
Shorters, this seems to come up alot and although i agree with some of the sentiment (also reasoning outlined above) i think there is unnecessary jealousy around some shorters tactics. The reality is although its not for me shorting this stock would have been highly profitable and the 2,3,4X gains would have been achieved by many shorters. so lets leave them be, all stocks have them.
One of my biggest concerns is around our leadership, i seen many posts ramping the podcast delivered by Sean as if it was important. In reality it was nice but not important, the concerning element is the lack of shares both Shaun and other directors have in the company. Investment funds like to see a healthy holding in the leadership team (Although not as many as Meeson has in Jet2). With Less than half a million shares the majority here has a larger holding than the captain of the ship. This is a huge concern for me and i'm sure others.
As a long term investor i have realistic expectations particularly with rising Cap-ex costs before we start realising product from the mine's i have orders for sell in at 18p, 24p, 26p and 28p and limit buys in at 10.5p 10p.
i think it will take us a couple of years more to get back to the 30p mark as other sectors recovery in the pandemic means the gains and dividends are strong elsewhere for those with a diverse portfolio.
Just my thoughts - i think the unhealthy ramping keeps attracting the get rich quick type which is further hindering organic SP growth. Lets keep the insight flowing but the ramping is getting tiresome. This is a slow game, and a long hold.