Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Resistance broken at last. Great end to the week!
I agree with everyone else here. I can only see it as a reaction to, no more bad news for once. But the gains are still surprise me. Need to look back at the big drop after the profit warning, to compare numbers and price back then.
Taken from Adfn
Before the RNS I thought 3 possible scenarios. Good, middling and poor. when I read the RNS I thought low end of middling.
On reflection many good points;
Reduced workforce
Cash stable
Market recovering
The subsequent RNS detailing contract with AWSC is also very positive
Share price indicates the market thinks "good". A pleasant surprise for the first time in a long time. Maybe Dave Sweeney's chat with Americo was correct sign after all.
Think that's two 5M buys at 23p from this morning. POG also still looking good...$2,294 at time of writing...
Looking good for next week
https://www.tradingview.com/news/tradingview:fd7350412094b:0-xau-usd-gold-prices-blast-off-to-new-record-above-2-235-on-safe-haven-buying/
Great to see a bidding war!
Yes I know, 6% down. They just rarely match up by day but do pretty much over a longer period.
A bit of late afternoon price action.
Don’t forget. It might only be 14% of your holdings at £2.50. Then hope this profit isn’t eaten into by a drop below £2.20 on the balance of shares.
I do believe the offer has put a floor of £2.10 on the price though, for the short term at least.
I bought 41,369 earlier. Been meaning to buy for months but have at last.
Good news indeed. Do remember that there’s around 273 Million shares issued, so £550m. Hence if everyone took up the offer, which I doubt of course , you’d get 20% of your holding at £2.50. In reality, it’s probably going to be around 50%.
The official RNS of the orphan news.
https://www.lse.co.uk/rns/PRTC/fda-grants-prtcs-lyt-200-orphan-drug-designation-cdyug9org18y374.html
£2 being tested yet again. The BMS Acquisition being approved will solidify the price I’d think.