Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like they sold another approximately 1.5m today along with a small amount yesterday. Obviously no one can be sure, but it does look like they are looking to completely sell out. Cannot be more than 3m left and the SP is still climbing even with these sells. Demand is growing!
Well, I thought the Chinese might give us all an early Christmas present but I can deal with a slightly late one instead. Hope everyone has a great Christmas!!!!
RNS on 30/11 says that it is expected that initial payment of $1.65M is to be made late December.
Extremely satisfying to see that million chunk go in one go, feels strange to be celebrating large sales!! They can only have about 4-5 million shares left right?
Feels like we're in a stand-off at the moment. Noked seemingly unwilling to sell any lower than 2p and no one else willing to buy any higher (at the moment) than 2.10-2.25 because they know that Noked will most likely sell into it instantly if they do. Would really like the RNS this week just so that we can clean Noked out and move up from there.
From the update on 30/11/2017: "Shandong Ruyi has confirmed to Bagir that it has instructed its bank to make payment of the $1.65m initial payment. This payment is currently in process and, subject to the completion of the various Chinese foreign exchange regulatory requirements. Shandong Ruyi anticipates that this will be received by Bagir by late December and Bagir is discussing this matter with Shandong Ruyi. Further announcements will be made at the appropriate time."
It is nice to see a buy above 10k for once, hopefully see many more of those this week
I wouldn't be surprised if around 80% of the shares sold recently were Noked Equity, would be great to see a bit more volume to clear them out more quickly!!
3.12% now, still probably got a few months of the SP suppression then we'll be clear to rise.
I was thinking the exact same thing on the next spike. The thing is, if there is a background seller as was alluded to in some of yesterday's posts, any rise (including imminent cash RNS) will theoretically be sold into. Perhaps the best way forward for now?
So full of hope at 11 o'clock but looks like we're going to finish about where we started, it would be nice to see a stable 3p before Christmas.
Shame to see 3p hasn't held, still early in the day though. I'd be happy to finish around these levels and push on tomorrow.
50%!!!
On very low volume all things considered, crazy how quickly this moves up. Imagine if the buying picks up a bit!
I'm actually really excited about the prospects here, and for the first time in my investing life (8 months), I think I've actually got in at the perfect time!
With a ticker code of BAGR how can this not multibag - it's written in the stars.
Took profits from VAL and put them in here, feel like BAGR is defintiely flying under the radar at the moment. Best of luck to everyone!
Bought in whilst in a traffic jam going to work - engine off and keys out the ignition just in case there's any of the old bill around! Saw a guy mention this on another BB yesterday so thought I'd have a research. Seems extremely undervalued and under the radar of a lot of peeps at the moment.