Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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> "Last year in July I bought from 7.90p then went all the way to 64p and of course I didn’t sell it . ... I just don’t get why wild it drop back from 64p to 18p so fast ."
I seem to recall someone say that there was some news that was misinterpreted positively by the market - that's why it so rapidly moved up to 64p and then back down again once it was corrected. I had bought about £8k at 10p and sold £8k worth at 64p - I obviously regret not selling the lot!
PM, if you're going to do some research on SAREUM, a good place to start would be to read the RNS of 1 June informing shareholders that a HNWI had invested £900000 as a subscription at a premium of 8%. It was that news which started the SP rise as uncertainty in respect of cash requirements had been removed. We have to assume that the HNWI had carried out due diligence before subscribing. All the indications are that the Government backed Covid trials have proved successful and the results are imminent.
People suggesting some are selling to buy Sareum here. Market cap is now 159 million. It has more than 10 bagged in just over a year. For it to double from here market cap will need to be about 320 million. I wonder if the portfolio really justifies this market cap. Val market cap is 11 million which is nothing.
Sareum has not had any significant drop and I just see it dropping fast at some point. I will be doing some research and with anticipated results due any limitations then it could drop massively. Who remember when Val dropped from 74p to 22 on the same day. Sareum a possible short for me after results but it is all about timing and results. If it does not justify market cap then it should slump.
Someone on here suggested buying net scientific at 180 on last week and I did say not to buy due to significant spike and look where it went.
I think Val will go the same way as Sareun when a partnership is announced and could 4-10 bag from here easily over the next 12 months. A steady but significant rise like Sareum over many months. Always buy low, do research, be patient and sell high and for that reason Val will be a significant winning for me. Buying on spikes can make money but quiet often it goes back down significantly and that is why many lose on AIM. Therefore VAL at 11 million market cap is a big BUY for me.
CB
Perhaps Purchase some lovely ladies, they could be your next big success?
Good luck
OB
Val will turn up great %100 . It is the time and of course what they are working on it is not easy and short term it is long term results. Once they are successful this will fly . But I learned with my other shares before the news comes it goes higher and best time to sell it will be before the news . It seems with all the shares after news it head back down
In 11 years on AIM, Sareum is my only serious success story. I think Val will come good eventually but I've only got a handful of shares. I do think Suzy is as straight as a die but we need some good news soon.
Sar !!!! Mate that was 0.80 when I bought val haha . Since then I have watched it and I can not believe it how it has gone up now madness . I could have more then 1m in my pocket now if I had invested there instead lol . But this is stock goes up goes down .
Agree re Sareum.
I would guess a lot of the sales ( and subsequent price drop ) is that people are pulling their capital and putting it into Sareum where big news is expected soon . That would be my take on why the current price is what it is
Metom - it dropped from 64 to 18 as it was pumped by the likes of st tropez, small free float and I think also slater from the tr1 issued sold out at the top and bought back lower having same percentage of the company, others taking profit etc. In hind sight if I had of known I would of done the same thing :o).
It will go back up I believe, I'm trying to work out where support is as thought it was the 19 range but might be a bit lower given today's trading. Plus we have 100k seller too at mo it appears.
Patience will work out in the end, imo of course
GLA have a good weekend
Last year in July I bought from 7.90p then went all the way to 64p and of course I didn’t sell it . Now heading back to where it was . What the hell. I was about to put another 35k in here last week . I would have gone mad if have done today . Of course on other hand this will go up again . I just don’t get why wild it drop back from 64p to 18p so fast .