Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Some buying opportunities ahead after the infamous retracing!
https://www.proactiveinvestors.co.uk/companies/news/1008266/rolls-royce-downgraded-by-barclays-ahead-of-ceo-update-in-second-half-1008266.html?rel=scroll
My Big Loser gut feeling is telling me to wait for this retracing and stick all my severance package topped off to the limit of my 2023 ISA allowance in here on April 1st, after this retracing happens.
Timing is perfect, risk is worth doing it and what could possibly go wrong?....this is a free ride to £7 after it retraces to exactly £1.29.
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How to stay calm...that is a good question. Back in 2020 I did not manage to stay calm, learned a few lessons the hard way, and I think now I am kind of ok with uncertainty. Don't get me wrong...I am down 60 percent with darktrace and alpha wave, 20% with IAG and up 600% with some aim miners an pharma...
You dont control it, only can control your selling points, so stick to it and wait for the next right price to sell.
Stay calm or nervous does not change things.
I sold my entire holding yesterday at 149.52p, after a very much enjoyed 66.6% upwards ride. Still some hope it might hit 1.65 next week, but it seems pretty much out of gas (should I say jet fuel) and still a pile of debt to repay....
Will be back in with a big share of my portfolio if it retract s below 130p .
Based purely on ignorance and a careless attitude towards my money!
You are quite right, its not ambitious, just an exit strategy which is why I will be selling part of my holding at £2. Out of my control whether it will be in the way up or in the way down.
I am quite happy with that,bearing in mind that my investment in Fum is basically money I made selling rubbish I had around the house (including a vibrating IR light foot bath, a jumping rope, unicorn umbrella, horrible butter dish) during the covid lockdown. It got x5 before selling at 75 and rebuying all of them (naively) at 50.... but I knew it would firmly come back. xD
I would not be surprised if we reach a £2 spike on FDA approval granted, as that would trigger some commercial announcment right after, probably next day. There may bea few RNS coming out in a matter of 2 or 3 trading days before the dust settles and it gets back to £1ish, which is where I believe it should be until sales materialize
Results are apparently expected to beat EBIT forecasts. I wonder whether that wil propel the share price above £2 mark.
In may 2021 I was feeling lucky and jumped in on the assumption that US would open travel to UK and Europe. Which didn't happen and left me holding the can with my 5000+ shares bought at £2.07just for a wee while...
Any hint where this can go on the back of a good set of results?
Anyone has an informed experienced opinion pf how high this will go before it starts falling? My take is that 0.5 will become baseline as thats the price for the chinese partner. However I see that with $117 million funding, a SP that puts the market cap on
about 120-150 million would be much more representative (that's about 0.65-0.8p??
I am feeling so confident this is going to fly today I got a Venti Cappuccino in the airport Starbucks to start off big. Now I expect news today, as I didn't adjust for inflation in coffee prices before splashing out in this one!!