Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I found this on the ADVFN site.
Apparently the mug punters on LSE are being fluffed by a rumour of a 50MW+ battery storage and 200MW solar scheme and some green hydrogen thrown in for good measure at Armtrac, 70, Reach Road, Burrell as Corcels next big inflection point. Or might be someone wants to stick solar panels on a roof:
Planning Application: 20/00655/SON
Address
Armtrac 70 Reach Road Burwell Cambridge CB25 0AH
Description
Prior approval for installing 2 x 30kw solar systems on both sides of the roof
Dates
Received :
Wed 20th May 2020
Validated :
Wed 20th May 2020
Your cash is required so someone can extricate himself from a bad gamble. It was rude not to. Are you the next mug? Be careful.
Mmmmmmm
I just added up the shares bought by Mr Scott since the beginning of July.
617939 at an average price of around 75p. so over £460k in less than two months.
Nobody can say he doesn't put his money where his mouth is.
I'm not a great believer in averaging down as it's too often throwing good after bad but averaging up is different.
I bought in at 42.35p a couple of weeks ago and today doubled my holding.
Capita was the very first share I ever bought in 2017 and thankfully I got out before it crashed but at these prices it can only go one way.
Onwards and upwards. :)
LOL, I'm not entirely certain I want your Ar5e Dick but, hey ho, don't knock it 'til you've tried it.
How much? :p
As for being a LTH (which seems to be warn like a badge of honour hereabouts) or clinging on or being brave or all the other terms that get bandied about here and in other threads, I tried that a couple of years ago and lost my shirt. Now I dump anything that falls more than 15% but missed a bit with JOG as I'm stupidly sentimental about it.
I'm not smart enough or experienced enough or hard working enough to be able to properly analyse companies like JOG or VOG or SOU or HUR therefore I ended up listening to people on the internet like Malchy or Dick or several others. (sorry for lumping you in with that idiot Dick) and based my buying decisions on their suggestions. In most cases this was a VERY bad idea as apart from JOG (Dicks choice) which eventually paid me back, the rest crashed and burned taking my money with them.
Thankfully I never had to have that discussion with my Mrs but it came close. You know the one.
"Sorry dear but I've lost all our savings"
"What have you done now you blithering idiot"
I bought Oil and Gas shares that have crashed but don't worry they'll come back"
"And what makes you think that"
"A guy on the internet said so"
"You're a f&*%%!ng moron!" "So why didn't you sell before they fell so low?"
"I didn't want to loose out when they fly back up"
"YOU F&*%%!NG MORON!!!!!"
This would have gone on for a while but you get the picture.
I'm comfortable now with my buying decisions and for the most part the shares I buy are not Oil and Gas or mining wanabees but companies that actually make real profits. Maybe not mythical 10x baggers like get mentioned so often but real companies that make real profits and mostly give me profits that I can bank.
I only put small amounts into any given company, never more than £1k and usually around £600. so I now have over twenty different shares.
This is no 'get rich quick' strategy, Any given share needs to rise by a couple of percent just to break even and when one has a sudden jump of 10% or 20% the change to my portfolio is small but then the same can be said for sudden falls.
I'm not trying to make millions, nor am I trying to double my money in a month but I'm having fun and so far doing better than if I had the money in a savings account. I don't have that feeling of dread every morning before turning on the computer to check if a single RNS has wiped out all our savings, and I sleep in my bed at night.
These are just my thoughts, this is what works for me.
GLA and I hope you all do well here.
Thanks Dick
You're probably right and I probably jumped too soon but I've been here many times before. I had a sizeable amount of my savings in JOG when the price crashed in Sept 17. That was a bad day.
Thankfully I recovered the losses by selling on the good news the following week.
Had I decided to be a LTH and cling on I'd still be on a large loss now as the price has been mostly falling ever since. Fast forward to Jan 19 I saw the price at a crazy low and bought in again but only a small amount. Once again I sold when the price was around double what I paid so I'm now up nicely and plan to stay that way.
I predicted a few months ago the price was heading for £1 and would buy back if it went that low. I stupidly couldn't resist buying in June at 154p so I've lost around 25% but thankfully only on a small amount.
Whether this news is good bad or indifferent the price has been falling and I still feel like it will hit £1 before long and I won't sit and watch my savings crash again.
If it does hit £1 I'll buy back and who know's, some day we might hit the jackpot.
Buying and selling like this may offend the folk who like to call themselves Long Term Holders but in my case it has made me money.
If I'm wrong this time I walk away, still in profit.
Like I said earlier had I held my nerve like many here recommend I'd currently be down around 66%.
But what do I know, like you I'm just an idiot on the internet.
Good Luck All
For several days I've been checking the true value of the shares I still hold by requesting a price from my broker. It seems they are so unloved I couldn't even get a price. Today I can get a price albeit a rubbish one.
Normally my broker (X-O) is pretty good at giving me a price when I hear others complaining they can't so I was a bit surprised.
Should I read anything into this?
Unfortunately at the moment we are falling again so as I see it these are our options.
Sell up and wash our hands of this crazy stock. Only madness lies here!
Sell up and hope to buy in again at a cheaper price before any RNS. £1 or less is distinctly possible. :(
Sell up and hope to buy in again after the RNS lands. Good luck with that one!
Hold on grimly with the hope of an RNS that will save us and put loads a money in our pockets? In the meantime watch as you get poorer and poorer.
You gotta love JOG, at least it's never boring.
Well done for buying at the right time second time around.
I originally bought at £5ish but after reading the Naked Trader's advice to never sit on a share as it falls I sold with approx 15% loss.
I bought back in again last week and still in negative but not by much.
Hoping to get be in profit on this one next week.
GLA
Brexit caused a massive increase in storage across the country last year with companies trying to mitigate the inevitable supply issues.
I'm not sure if this is still the case but the manager of a local storage company told me he couldn't keep up with demand.