Member Info for Bitbuybit

08:20:54

A decent purchase at 14.899 show soon

But what made this open 6% up?

Great price!

I think so

I have probably got in way too early but can’t help thinking that 18% down after 20 minutes is too much. I was quoted 168 something but it was withdrawn. If you see a purchase of 11681 for 20k that’s mine. The company is doing all the right things so no dramas. They can do nothing about the hynnvia appreciating against the dollar. They have paid off a load more debt and because of the premium product are able to make profits and pay dividends even when the basic iron ore fines price has fallen. Reasonable cap ex and all maintenance as expected to help deliver a bigger output.

Matt

Getting ready to throw the kitcsink at this

I freely admit I sold 40,000 shares yesterday and currently retain 10,000. I sold because there was no holdings RNS and I thought the price would drop. (In the hope of maybe lowering my average and buying back in cheaper or just using it for another opportunity).

Normally I would see that Woodford has bought more and pile in hoping for a decent rise that I would be more comfortable to hold. It has to be said I agree with leas that the wild swings are putting me off - that and the spread and the difficulty in purchasing. I don't consider myself a trader but that's my thoughts.

I suspect there will still be ups and downs until further news is released and a different trading range is found.

BWDIK

Cheers,

Matt

Ps I may be back but at least 10% drop needed for me!

It’s 73 million

Peeps,

Have a look at the RNS tab and compare today’s RNS to yesterday’s. Wallbrook sold their 0.4% on the same day that Woodford increased his holdings by 1.02% (this was on Tuesday) - however we only got notified of Woodfords actions yesterday and Wallbrooks today. The upward share price movement since Tuesday tells you that short term this looks to be heading North.

Thoughts?

Matt

Aaaahaaaaa and look at the date of selling. We know you want back in lower :-)

Matt

They’ve reduced their stake Shelly1996 and well you know it. Dishonest twerps like you are an utter risk to other investors. Just because they’ve slightly reduced doesn’t mean it’s necessarily a bad thing (it appears they sold on Tuesday after all). They could be banking some profits (wise move) and spreading risk or whatever. The sp has flown since someone bought their shares off them BUT they certainly didn’t increase their holding.

FWIW - I think it will be a blue day too but WTFDIK.....

Best,

Matt

Was 92p to sell or 92.6675p to buy. I got a few more. Market Cap still seems way too low for what we have.

Matt

I have been stung many times by going in early doors. Waiting and watching for a while is sound advice. I can see both sides but there’s no disputing that 25% of the company has been given away for what six million? Great that the company is now derisked but Mr Ali has been bent over IMHO.

Matt

Traders will bail this morning I reckon with fat profits. Wait for the dust to settle......

Matt

It landed yesterday buddy. I thought it was ok but I clearly know nothing. Wait a little longer Oldfinger, you may get more for your money.

Cheers,

Matt

Those who are in this know what the potential is. Stuff like 1 pound today etc will put people off. Also, I would like to buy more at a lower price. Aaaaaahhhh honesty.

Looking at 2 year chart, could 1.50 be coming? Seriously?

Thoughts please?

Matt

I would pile in at that price!!!!

Got to admit I thought that considering the planned upgrade they had done very well indeed and thought this would be the turning point. They paid off another 173 million dollars of debt in April and I believe its a very well run company that just gets on with it.

I appreciate Samarco will come back online next year but can't help on a p/e of around 4 that this is chronically undervalued. But, take into account geopolitical risk, only operate out of one country and Trump is well.....

I'm out but have been in and out of this before. I won't say I'm not hoping for a lower entry point as that wouldn't be true but I'm still fascinated that the market just doesn't fancy this one.

KR,

Matt

See you in September