Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cheers NTS not sure how ive missed Tenstar before - was a bit worried when i googled them i found its a procumment company and the bloke used to own an aquatic shop!
I maybe wrong but cant remember a company called Tenstar trading being a significant shareholders previously. At the latest update (21st March) they held 14 million shares. Could they be the ones dictating these price fluctuations ?
I've stopped trying to second guess AIM price movements but even by normal standards this is nuts. Thankfully even though iI check on a daily basis im more relaxed about this company than I ever have been in the 4+ years i've been in. Its just a case of when not if now.
Did someone fall asleep on their keyboard last 30 minutes - some random trades ! - good to see us finish the week up - onwards and upwards to hopefully where the company deserves to be.
Its nuts that a dog like Prem can more than double on rumours.
couple of nice buys today - see they snuck a sell in at 16.28 to kill the little blue rise we had off the back of it.
Well I dint think we would see the teens again, what a difference from Monday when it looked like the warrant sellers had stopped.
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Its nuts, you can see the way the price reacts to a few buys so if youre a warrant holder have a bit of patience if you want to be out and let it increase a little and dont exit when there is a massive spread. Im assuming market makers have introduced the stupid spread knowing that people have had to bite on taking up warrants and so some will be selling them straight away so they are trying to mug them as they exit. You can see why MMs do it.
I would agree with your comments Scooby, we need to find a higher base price in the share price and there should have been a roadshow of press interviews after the lithium project news. Unfortunately AIM is more about sentiment than actual assets so to have kept the communications up might have halted the inevitable share price drift and the next news then gets us higher highs. Some might see it as waffle from Vince or Len but we have the assets to back it up so why not continue to spread the news with regular press interviews/updates. That being said todays update is great news. Sitting tight and adding more shares when i can.
Ok Cheers NTS
Anyone have any idea what these tiny trades are - theres been loads recently for similar amount £7 - £9 - £4 and even ones for £1.76 and 0.88p. It cant be private investors surely as fees are more per trade.
Markets makers turned into market manipulators again - never seen 12/13% spread on here for ages, havent moved it up all morning despite buys but happy to move it down on sell at 22.60. Told myself i can ignore day to day movements given bigger picture we know is coming but still frustrating to see them messing around with it so much.
I know I whinge but I think I prefer it when the board is quiet compared to some of the ramping bo**ocks below. Ironridge IRR and Internal rate of return IRR are two fundamentally different things ffs.
Couple more late algo trades to drag us down again at the end of the day - frustrating
When some muppet could have sold for 15 yesterday but then waits for a good RNS to then sell at mid 13s what more can you do ? Agreed the sell on RNS, has been an ever present and really does make no sense. The price is turning though over those last few weeks, so if people like this jump out along the way that can hopefully be a good thing and we can reach the next leg - the assets dictate we should be far higher.
Anyone know what the craic is with these algo traders ? 7 of them in the few minutes of the day to bring the price down.
My understanding was the iron ore was put on the back burner a few years ago when demand/price dropped but surely they must have have had a plan for when it got to this point.
At its highest since the company formed - if they are not looking to sell it now why not ? doesnt make sense to hold it.
My average is 20 as most of my buys were around 28p a few years ago, had a few more nibbles to get my average down but before I commit any more I need the board to start acting and stop talking (actually they dont even talk that much anymore).