Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Personally, I'm indifferent. I lend shares to short sellers at an 11.68% interest rate, and when they cover, my shares naturally rebound from the minor dip, so I profit either way. Day traders may not appreciate this, but for long-term investors, a temporary dip is merely a paper loss.
Don't worry a little bird says it'll be 10p by Summer and 30p by Christmas
New tax year so people are filling their ISA
The longer it takes for new or more advanced technology to come to market the higher the chance it will have competition and lost the competitive edge. Its the chance you take with any product development that is looking at a solution for a problem. For some reason some in here believe only one company looks for solutions to a problem rather than all of them.
A placing at this level would be a grave mistake in judgment, likely causing the shares to plummet and making future fundraising even more challenging, while also destabilizing relationships with creditors.
May 4th, 5th, 6th take your choice. Either one its a Bank Holiday weekend and the stock exchange is shut.
Where are the promised new customers? Relying solely on one client is risky for the future. If that one customer withdraws, it could leave the company vulnerable. Tarana may not be around indefinitely.
They've been promising that since Christmas, yet it seems to have not materialized. Meanwhile, the share value has continued to decline without interruption.
Whatever is shared here is unlikely to impact the share price significantly. This platform serves essentially as a sounding board and a place to air grievances. Research indicates that groups like this influence share prices by no more than 5%-10% at most. It's akin to conversing inside a goldfish bowl; most people pass by without noticing, while the occasional passerby stops to watch the fish for a moment to feed us before continuing on their way. With my average at 2.24 and the current sell price at 0.60, selling now wouldn't be a wise decision. I'll hold off and wait for an opportunity to emerge that allows me to exit with my shirt still intact.
Knigel, I'm not concerned with the actions of other companies; they're not pertinent to this one. However, if we are comparing, more are in a favourable position than not. Your comment suggests you invest only in companies with poor management. I expected a decrease in value upon this share's relisting, but this is not merely a drop—it's a collapse. You may be comfortable risking £30k on a whim, but I am not. The idea of DC stepping down seems unlikely unless forced by ill health. I don't have an issue with DC personally, only with his management style. He's an effective salesman but not suited for what follows, turning what should be a profitable deal into a costly error. My stance is clear: if the share price recovers, I'll exit, but I won't accept a £30k (73.21%) loss that could easily have been avoided so you will just have to suck it up and put up with the moans until the error has been reversed.
The spread only affects day traders, there is a lot in the works with this share and this won't be the only special dividend in the works. I wonder how many will reinvest dividends when they're paid on the 10th.
An intriguing trivia fact is that in the United Kingdom, the name David Jones is remarkably common. Research from the Open Register (Electoral Register) indicates there are 5,959 adults with that name. It's quite a leap to assume that the individual who mentioned was a Rio Tinto executive; it could have been the Deputy Chairman of the ERG, any other David Jones, or even someone from a different part of the world. It might also refer to the David Jones department store and fashion retailer. Who knows...
"Down 75% in the past year"
The precise figure is 72.83%, but notably, there's been an increase of 13.64% today and 7.76% over the past week, indicating the potential for a turnaround.
Euston - I'm unable to view Safetrader's posts since I green-boxed him a while back. It seems I've attracted a hate club here, so I simply block those who lack civility and maturity. If insults are all they offer, then they don't deserve my attention.
From the 13th March update - "The Board would also like to advise shareholders that discussions regarding the terms and conditions of the extension of the loans to A&T Investments SARL and Mercuria Energy Trading SA beyond the current effective repayment date of 29 February 2024 are continuing, and the Company will update the market once finalised."
An update is overdue, and a bit of positive news would be a good start. However, any news is likely to be followed by a placement to cover terms. Next month, we expect a quarterly update from BP, which will hopefully show an increase in copper conc mined et al and 'in profit' as previously estimated, indicating that there are potentially two or three updates in the pipeline.
"Manipulation to sp is staggering, the timing of sells to every buy is telling"
Thats definitely the quote of the day. Are you seriously that ignorant of how equity trading works. For every buyer there is a seller lol
A positive update is needed, not just a RNS for the sake of it, or one that matches the quality of the last couple which have led to a decrease in value and sentiment. As Dreamingforgold implies, one should be cautious in their desires, as an unnecessary RNS could just as likely result in a value of 0.5p or less, rather than an increase to 2p or more. Patience is required here. I would sooner see a little sideways trading than another plummet in value.
"just calling you out and maybe look you to refrain from posting blatant misinformed nonsense"
For clarification, to which 'blatant misinformed nonsense' are you referring? I have been invested in this company since December 2019 and have thoroughly followed and researched its activities. Therefore, I am very interested in understanding how you believe I have misrepresented the company's exploits and financial position.
Claiming an increase from 5.10% to 6.68% is factually incorrect if calculated from pre-consolidation to post-consolidation figures. The 5.10% must be recalculated in the post-consolidation context, as this alters the result. Although the increase is nominal, the reasons behind it remain unclear. Interpreting this as a positive sign, implying insider knowledge, cannot be substantiated or justified given the present situation.
I incurred a minor loss when I downsized my investment before the consolidation, but it didn't result in a financial loss since that amount offset my Capital Gains Tax (CGT) liability from profits on other investments. As the saying goes, there's more than one way to skin a cat. Should I exit this share completely, any resulting loss will similarly offset future CGT liabilities. Naturally, I'd prefer a profit, but it's prudent to prepare for all outcomes. He may, as easily share the same view.
Is a surprise RNS expected, or if one appears will it be merely an update of what is already a work in progress?