Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So they have decided to notify the market that they they have sold 0.67% of their holding! Strange that.
Maybe thats them done then.
Frustratingly slow to exit aren't they this lot. Have forced me to rethink my strategy. I've decided to keep some in for the results. Gulp. Could be 10p or £1 in two weeks time!
miggy - my bad... wrong column.
Date Shares Held Sold Holding sp at close Amount Sold
14/07/2020 10,266,293 1,000,000 6.87% 34.5 £345,000
03/07/2020 11,266,293 3,000,000 7.54% 41.5 £1,245,000
10/06/2020 14,266,293 4,502,547 9.55% 36.5 £1,643,430
1m shares at 35p is £350,000.
They've recently sold 1,000,000 for an approx. value of £3.5m (assumes price at close) - to me it's a significant slow down both in terms of amount of shares and the numbers sold.
Date Shares Held Sold Holding sp at close Amount Sold
14/07/2020 10,266,293 1,000,000 6.87% 34.5 £3,541,871
03/07/2020 11,266,293 3,000,000 7.54% 41.5 £4,675,512
10/06/2020 14,266,293 4,502,547 9.55% 36.5 £5,207,197
I'd say they are likely to stop from here on.
antofelli - before you go around throwing stupid comments, might be worth reading the thread - the information required for you not to be a numpty is in there. Acacia decided to sell - but not as much as I had suspected (see comments from last week). The much smaller off load leads me to believe that they may well have stopped selling - i.e. the share price won't be held back. Which is good news as the share price will go up and it's extra profit for those invested i.e. people like myself.
Now, I can ask you the same question - do you work for Acacia?
What?
Great news. Acacia are down to 6.87% looking forward to seeing the end of them. The smaller reduction suggests that they are going to hold above 5% for visibility.
I actually reduced my holding after considering one of Nolupus's posts. I have been in since 15p. I thought my lowest buy was 18.
I think if the results are favourable, averaging up is an option but you will have to move quickly.
TFFT Nolupus,
I absolutely respect you as a poster; not much of a trader of late though! Sorry my virtual friend I couldn’t resist! And hey never ever underestimate the power of the placebo!
All said I think we’ll do Ok here. One of the reasons not thus far mentioned and I am surprised at that is RM is a bit of a SP agnostic. I mean the guy is a complete nerd. He seldom comments on the SP. Much more comfortable in the Petra-dish!
Of course that works both ways but look ‘it’s my train set and it’s gonna work!’ And I guess we both think it will!
Over 10years In the making this formula, please don’t argue that’s its 15 or produce a paper copy of an RNS! Honestly you can have it! lol!
Atb
Trek
TRek,
No , I have a confortable position now and will double up if good results and of course take a hit if bad .
Have to be careful with these readouts and there will always be occasions to average up, if need be ...
johnht - "Despite all the negatives on Neil Woodford, the entire field were aware of what was going on - if his investments were allowed to run for another few years, the view would be very different"
Spot on. A lot of his stock picking has been vindicated and the collapse was more reflective of the erratic blind way money is piled into things these days (and then pulled out). The net result of investor panic, a tanked SP, and then even worse returns as the administrator squandered the value that was still left despite all of this. Can't help thinking investors would be a lot better off if investment funds had minimum terms or limits to the amount that can be sold within 6 months. Instead of the prospect of administrators.
No Lupus “Until we get more TR-1 all we can do is guess ...”
Precisely, well nearly, coz sellers often buy as well to help sell more. If your MO is just to offload you need to feed a little hope. But re the TR1, absolutely. That’s why Acacia were taking the pss with their notification breach. Slap on the wrist or even a small fine is probably less than they made from the trades.
Wonder how many PI’s here actually could be arsed to copy my email template and send it to the FCA. Imagine, it would probably only take about 10 complaints on the same subject and in the current climate they’d want to avoid any more bad press and given the Woodford shenanigans they’d probably take the easy points and make a public fine. Showing some teeth them FCA. Of course only if appropriate!
But nah I expect investor inertia rules ok and lets just stick up posts blaming the nasty market makers, delayed trades, buys as sells and tree shakes when we are listed on setsqx and most punters here haven’t a clue what that means.
Still thank fk I took a near free carry at 68 but then i’ve called the bottom wrong at 37. Now i’m really scratching. Do I take a hit and catch the knife before it hits the floor, get it wrong and there’s blood everywhere or do I sit it out.
Well not that it’s of any value i’m sitting now as it’s pretty binary and I’m risked accordingly.
Atb no lupus. Hope your not over leveraged.
Trek
Miggy invested in both public and private companies, but the AIM is extra special even for public investments. Despite all the negatives on Neil Woodford, the entire field were aware of what was going on - if his investments were allowed to run for another few years, the view would be very different. Link, Acacia and MM shenanigans are a real learning curve. Synairgen the company is one of the most undervalued companies I've seen.
Itshendrz - it's NIO I'm celebrating not Tesla.
Gla
Johnht- Well done on your Tesla gains ;-)
Good night folks and gla for next week. I'm off to celebrate some positive gains this week from an unnamed electric car manufacturer.
Johnt- I'm starting to think anything is possible with this share or rather SP. Its almost two different entities the company SNG and all the good things and then the SP and all the games and shenanigans that have been going on. I suppose everyone's money is the same colour but i cant help but think SNG and the PI's deserved better in respect of the II's that have been involved with this share. Would have been nice to have sticky handed II's but there you are. We've had to deal with what we had. I guess they (except Acacia) did help fund the trials etc. I do beleive you can't hold a good company down forever though. The results or anticipation of them should be enough to blast away Acacia as we get nearer to them. GLA.
I think last time the selling stopped around 35p from watching the trading.
If you look at the time spent under 35p it was in hours rather than days:
https://www.tradingview.com/x/YFiN4Ia1/
It just took a little while around 35p before PI's felt confident the corner had been turned (and much like now there were the same hysterics :p).
Nolupus, I was guessing from the volume and sp, but as yourself will wait for the TR-1.
Miggy I honestly thought a 34p topup would be possible today, but that didn't happen. Next week I will try for a cheeky topup around 33p/34p.
Johnht,
We don't know anything .. It might not be Acacia selling or it might well be them
Until we get more TR-1 all we can do is guess ...
i remeber 32.8p. I think if we head to around 33p I'm diving in again. Interesting that when JBER were on the sale at 36p they were on the buy at 33p. Maybe that gives us an idea where they see the bottom. Its hard to catch a falling knife so i'd be happy anywhere between 33-34 although current price is very fair too imo. We know its low because of the current and historical selling. For me they are giving people a chance to buy in. Still no guarantee it will be a success but i think it is fair to say this SP is currently skewed to the downside.
I believe you're right Nolupus... 31.8p, but do you think they will stop at 5.5% holding? If so Synairgen is about to go to Mars.
Last bottom was 31.8p if my memory is correct so nothing to say that 35p will stop the slide ....
Agree with your last comment. I'm seeing a 33p to 35p bottom. As previously mentioned it should put them around 5.5% today. They might keep at 5.5%, as they've already derisked by approx 40-50%, and retain some observational privilege. In which case Monday/Tuesday this is going up dramatically.
However, there may be one more round. If I was Richard Marsden and I knew there was good news, I'd wait for Acacia to get to their baseline before announcing RNS.
Is their bottom line 5.5% or 0% - the answer to that could be great for PI's to figure out.