Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I hate to say it Red but I see 103- 104 as a likely finish. Fingers crossed that we are both wrong and have to hang our heads in shame.
I'll start this thoughtful thread with "most of this is obvious" and I'm not trying to preach, I'm just putting my thoughts to paper.
I now believe that the price for RR is fixed in the lower regions of 100 because a lot of people came into RR expecting a quick profit and then expected to move onto something new or get out quick and buy a car etc. Now these investors find themselves stuck in a situation where they can either pull out and loose money or wait until they get back to the price they are in at and then pull out . So everytime we hit preciously held ground I. E 107 110 115 120 130 etc. we will meet massive resistance, not from any secret organisations manipulating the market but from ourselves as we sell to either take a small profit or break even to move on. The only thing that can stop this cycle is to see RR making profits: selling assets and good news about variants just won't do it anymore as we are now all acclimatised to the new world of covid. The first time RR show a profit with a forward moving graph towards more profits then that's when this share will gain massive ground. I keep reading about snakes, bears, bulls etc. but I never really wanted to be part of a zoo and I like to keep things simple... RR WILL MAKE US MONEY ONCE IT'S IN PROFIT! .... sing it from the roof tops because our day will come and all those pulling out after sitting through the worst of Covid will regret their short sighted investment strategy.
Of course some are making good money from the daily fluctuations and I have to tip my hat to you but hopefully one day you will be on the wrong side of a 30% rise :)
Denfos.
If I were a investment advisor I wouldn't be in this chat room listening to pie in the sky forecasts from people like you who have as much idea about investing as I do. I originally came here for help and to chew the fat, but with snipers like you waiting for people to raise their heads above the parapet I've decided that perhaps it wasn't the best idea.
The reason the price is dropping is because of the news regarding travel confusion over zones etc. This news means that people like you and I are supposed to panic and sell out shares. I've held my shares through 3 lock downs one worldwide pandemic with no vaccines 3 variants of major concern and a partridge in a pear tree. I'll take the mick all day long about RR being the submarine of shares but I'll never sell after going this far.
Didn’t I read that the part of RR which is designing and implementing the nuclear mini stations will break away from the main RR business? Does this mean it becomes a separate business and has no effect on the RR share? Might be a dumb question but I figure one more won’t hurt in this forum :)
130-150 this year. Do me a favour! The only way this can happen is if the people buying Ralph Lauren miskey when they are buying shares.
This share will go up in value but in the same way a wreck of a house goes up in value if you close the doors and leave it for 5 years.
It was so upbeat that it beat down the share price. If RR were a horse someone would have to do the decent thing.
The share has forgotten up but knows down and sideways all too well.
It depends where you are in the storm. Some people on here in at 65p or so and I think they are happy little sailers but some are in at 130s and these are the ones that have taken on water and feel like the boats sinking a little bit more every day. And then we have the ones that have been in since before the virus, I can only imagine how they feel, especially the ones that didn't go with the Rights issue. Its been a very depressing share for well over a year now and we are nearly all out of excuses. Last month has all been about the Indian variant holding us back but now thats petered out I wonder what the next excuse will be. I'm staying whatever happens but I'm starting to see why so many people turn negative and jump ship.
In a sea of blue, I see RR as the little red lighthouse that other shareholders take comfort from when they see their losses are nothing compared to the battering RR takes on a daily basis.
The good news custard pies keep hitting RR square in the face but they just can't get the comedy car out of the ring.
Today... Would you rather be one of the many people who bailed last week? Or one of the people who stayed in waiting for the inevitable good news. Monday morning I think there will be a lot of ex investors trying to get back in at somewhere near where they pulled out.
On the face of it the BBC news today means I should sell my house and pawn my wife's wedding ring to buy more shares because the Indian varient has supposedly been holding us back for weeks: but this is RR and RR always seems to do the opposite to what the news suggests, so fingers crossed that this news is so good that even RR has to do the logical thing and move onto the 120s. Compared to where we were when we hit the 130s you have to say nothing can now stop us moving forward But! this is RR and we have all been here before.
BBC News - Covid: Pfizer and AstraZeneca jabs effective against Indian variant - study
https://www.bbc.co.uk/news/uk-57214596
Blue
If that's your pessimistic view then I can only hope we hit whatever your optimistic view is so that I can retire.
I'm predicting another week of sideways movement. Nothing has fundamentaly changed since last week. Sure we have possible this and possible that but I see nothing new. The trouble is that we are all looking for good news and ignoring the bad news. Example.
We BELIEVE the vaccine is effective against the Indian variant..
We HOPE the flights open up between USA and UK.
If we all stopped looking for good news and listened to the facts we would all be better off. Believe and hope are for the crystal ball.
Still, keep the faith because we have the entire planet sorting this problem and if they don't manage to win the day then our RR shares won't really matter in a post apocalyptic world.
They also did this in the 1940s but we still visited Berlin in 1945 so this should be a short lived ban.
https://www.bbc.co.uk/news/live/uk-57210425
You can almost see the fingers hovering over the small profits button. I hope we keep the hard core investors and get rid of the roulette players sooner rather than later.
Share just went green. No one breath or make any sudden movements.
I've just being going through some of the past chats on this forum going back to early 2020 and I have some good news. No one on this forum needs to worry about being prosecuted for insider trading.