Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I look at it differently. If i short and shareprice goes down i give investors opportunity to buy cheap...;)
In the end company/fundamentals will have to deliver and SP will follow when investors agree.
That is why I think it is telling nobody on this BB is buying shares while saying it will multibag soon...makes no sense unless no conviction or no cash
I understand why people short but it is not for me, leaves a bad taste in my mouth.
I'd happily pick up a £5 note off the floor - but I would not be the one cutting a hole in somebodies pocket to help make it happen😁
Horult completely agree.
Only difference: shorting adds even more return especially on AIM. Nothing wrong with shorting. Difference in opinion makes a market.
Malcy short and clear on last :news;
Petro Matad are able to get access to Heron 1 but not much else
"hold half your pot and trade half, you are in for any potential rises and have funds to average down/ increase you number of shares on any dips. best of both worlds IMHO"
Yes, I agree with what you wrote Horult. I had already decided to do pretty well that. Let's say that we get another RNS soon announcing that the land access papers have been signed. There will likely be another spike - but this time probably more to previous resistance levels of 8 to 10p. I then intend to sell at least a third of my holding, and after that take it from there. Bank something tangible, rather than keeping a paper profit. There may be another raise straight after anyway.
There's no way if that happens that there will be some kind of smooth upward trending price action as many on here are hoping for. The algos will kick in again on the news, volumes will soar, and then a flood of sell orders will come in once the computers decide to sell and bank their big % gains. So the price action will likely be more volatile than ever.
I believe its safer than holding long term personally. Certainly on AIM.
hold half your pot and trade half, you are in for any potential rises and have funds to average down/ increase you number of shares on any dips. best of both worlds IMHO
Some would say I would miss out with only half money in, when the big rns comes - but I say I'm safer if it suddenly drops and so far have made more than if I had just held
I now have more shares at a better price than my first investment. Ultimate goal of course is to get a whole bunch of shares on a free ride
whatever is right for you. I hope we all make money with whatever strategy works for you ( except shorters #spit)
Horult : with hindsight I would have done exactly the same. Last May for example I could have pocketed nearly a 100% gain when it spiked to about 8p, but I stupidly decided to hold. I could have made 5 or 6 decent profits on the various spikes since late 2019. Every spike has generally been caused by an RNS release. Without high volume very little happens with this share - normal daily volume is extremely low.
"She is talking about PM and PC. And block 19 @20. Have they merged the blocks as a joint venture."
Tbh the activists are either very muddled on their facts (e.g. petro matad is Canadian) or more likely imo they like to muddy the waters (e.g. by tapping into existing angers about the Chinese), so in sum I wouldn't read too much into anything they claim!
Also surely, that would require an RNS?
Horult: that's just great - congrats!
And still - i'ts a gambler's strategy and could easily backfire on you. I guess I would call you a successful hazardeur!
Nearly, Nearly there, The latest RNS puts pressure on the Governor, who of course will not like being outed, but it does seem a matter of time for sign off, either the right size brown envelope turns up, or I would imagine political pressure from above will force his hand, I guess we are seeing traders from 2.8 selling atm
For what its worth. Malcy's take on the RNS.
Oil price, Touchstone, Petro Matad, Molecular Energies.
4 March 2024
Oil was up on Friday after Opec stuck with the 2.2m b/d and Russia cut by 471/- b/d under strange circumstances. Today Touchstone have announced the amending of current facilities to now be fully funded and drilling on all fronts. Petro Matad are able to get access to Heron 1 but not much else and Molecular Energies have another announcement.
Anyone on here good at translating Audio.
Badprophet : MATD is basically a very thinly traded stock with very little volume. If an RNS is released, then it gets a sudden massive injection in the arm as a load of trading desk computers are alerted by the news and subsequent higher volume. Once the sugar rush is over and the trades have been closed, then the volume levels return to normal.
Until MATD actually becomes income generating, then this pattern wont change. AIM is mainly a market for short term trading, due to the possibility of quick and very high % gains. On Friday trading desks might have taken 20 to 30 % gains in a day had they jumped in fast enough - that's why the decisions are mainly made by computers.
Badprophet ; whether the news is considered ' good ' or ' bad ' is immediately shown by the price action, so for example in the Nasdaq pre-market or full market open the technical indicators will show immediately how the news release is being perceived by the market. Then the algos kick in accordingly. The trigger is ' news ' but the subsequent action is all down to technical indicators which the algos are programmed to work with and act on.
Today there is very low volume on MATD, because short term trading will have moved to other stocks with the right technical indicators which may well have been triggered by some kind of ' news. ' It doesn't always require ' news ' however - a support or resistance level may have triggered trading activity.
One way or another market hasn't been convinced yet. Till then traders are the winners and LTHs are suffering.
If we, no longer need LP to start Heron then we should expect operational start/commencing update this week.
She is talking about PM and PC. And block 19 @20.
Have they merged the blocks as a joint venture.
"Surely someone or something (AI?) must trigger the algos + whether the "news" is +ve or -ve."
They may be some kind of algo trading going on, but I think it's also a case of some investors thinking we were there and buying in, and then perhaps realising we're not and swelling out. As said before, we've been here quite literally countless times with MATD, and only when a barrel of oil is filled and cash having transferred hands will I be confident we really are there.
Researchandhold said //BP is like a stain on humanity//
Surely someone or something (AI?) must trigger the algos + whether the "news" is +ve or -ve.
I hate shorting too
but yeah Michu trading is the best way on AIM, even when you are a believer and interested in it for the long term
you get an idea of when the placings or good news is coming and buy more / sell as relevant to build up your holding
4 times I have bought under 3p and sold into the rises. Still interested in long term outlook but am in a much better position than if I had just bought in and sat on my hands all that time
The activists are at the local council office. They’ve just been kicked out. She is going on about PM
Master82 - see my post below about what really drivers short term price action and the sudden spikes followed by sharp pullbacks. It's nothing to do with the way that the RNS was written.
The worst Management I’ve known. Turns a good news in to bad. Do they have motives to keep the price low.
Keeps their shareholders in dark. If we didn’t do our own research they would be hiding so much from shareholders.
MB what are your motives
The guys with the least tick ups are often the guys who make the most money in this - brutal - game , alas ( I don’t short but those who do on the cesspit this is AIM must, on average, do better than buy and hold , sadly .. I do actively range trade though .. to give myself even half a chance )
Re short term price movements, I'm not sure how much people realise that most trading these days is algo driven, in other words computers make trading decisions according to the algos with which they have been programmed. Algos are a series of stages, so if x happens then you need to do Y etc.
I watch small cap Nasdaq stocks most days which are high % gainers on the day with very high volume because news to do with that company has just been released. When the news comes out then you often see in the charts several huge green candles with very high volume when the market opens. This is because the computers have registered the news, and are programmed to jump in immediately. So volume ( shares changing hands ) goes through the roof for a short while. Then when certain levels have been reached ( resistance levels etc ) or certain % gains made, the algos trigger sell orders en masse. So the spike is over, and the price levels fall back quite sharply with so much sudden supply flooding the market.
The same kind of thing happens with UK shares. If you take last Friday, when the news hit, half hour volume went up from about 0.2 m soon after the market opened, to 4.85m when the RNS was released, and the algos had therefore just kicked in. By 3pm on Friday the volume had fallen back to around 0.2m. Total volume on Friday was 18.5m and yesterday it was 3.7m. Today so far it's about 0.5m.
Trying to understand short term price action without paying any attention to volume is a bit like trying to fly a plane without instruments. Of course yesterday and today you will hear people saying ' oh, the market isn't convinced, as there are still hitches with the Special Purpose Certification etc.' The reality though is that the sharp spikes followed by sharp pullbacks are caused by algo driven short term trading/scalping which kick in typically when there is some kind of news, so that a particular share registers on that day as a high % gainer on abnormally high volume.
That is aim for you
if you are not trading - you are losing
NicetoMichu - I guess for some people the truth hurts!