Firering Strategic Minerals: From explorer to producer. Watch the video here.
Appointment of joint brokers. Sorry to sound ignorant, but is this likely to affect the SP one way or another? Thanks
Its not odd, just the way it works. I think if you're willing to hold then 5p is a good entry point. This company is not without its problems, but they do have a plan for the future, and improving finances so DYOR but im hopeful. Hopeful at 5p....not so much at the current SP
I sold my existing holding. Between now and the date of the new shares being issued i can only see the SP going down. Where is the incentive for anyone to buy in when they know they are paying over the odds for diluted shares of an indebted shell of a company. If it involves taking a loss then its your decision but I was able to retain a small profit and dump my existing holding after qualifying for the 5p shares. A ,uch safer position IMO. DYOR
5p is a bargain. Unless you at least double your investment I think it would be foolish to sell short term
Come on you bugger keep going up. Let's forget about yesterday lol
Agree with truth. More upside for you that way
Meh. Its AIM stock....anything other than amazing news is a disaster.
in what way? it wasnt a great RNS....
Yeah think its caused more of a drop than it should have. Certainly wish i'd sold yesterday and bought back today as a lot have obviously done
Yeah i suppose its not a great RNS
20% drop today. Really WTF?
Bubbleblower sorry but I disagree. The difference with IAG and RR is there was time for people to buy in before their rights issues closed, so it generated buzz. Buzz is something that ESL have killed off at every opportunity. The stock market is a simple game of who can shout the loudest.
Totally understand. But as a major investor/market mover youre gonna look at it as a 5p stock, because thats what its about to be flogged for. So no market movers will touch it, so how can the price do anything other than tank in the medium term. I'd imagine we're gonna see the exact opposite of what just happened to the Rolls Royce SP
No offence to anyone but im with TF on this. Very little short or medium term good news here. Closed eligibility for the placing basically as soon as it was announced so no possibility of buys lifting the price short term, and who's gonna buy this stock now when its only worth 5p. Cue a wave of red as everyone pulls out as soon as they've qualified for the placing. Which will drag the price down to 4 - 5p anyways.
also gonna depend on how MM view the stock. Don't think todays RNS will change the markets poor sentiment on the stock, especially as there's no time left to buy into the rights issue
Im expecting a big sell off and a plunging share price considering that registration for purchasing new shares has now ended. no incentive for anyone to buy.