Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
CEO Mike Struthers expands further on the exciting plans ahead -
A great listen . . . .
hTTps://total-market-solutions.com/2020/08/21/empire-metals_august-2020/
Some years back I was swept along by 'THE NO BRAINER SHARE' talk on bb's.
It ended up costing me £130,000.
That's why I take a profit when I see a decent one these days.
As rare as hens teeth are THE NO BRAINER SHARES which took my great grandad to an early grave.
So many unknowns can arise out of no where,as we have seen here.
'Those investors who thought they play it smart and sell some and buy later at lower price, let me tell you based on experienced experts, it is always works better if you stay invested, it is very rare to make money second guessing the market. This SP could go back up fairly quickly and you could end up paying more than what you sold them for.'
Utter clap trap I'm afraid.
A trailing stop loss protects against' LOSING massive profits' as many have with this company
Thankfully I have protected large gains by selling a % as the sp dropped on several occasions and then bought back again as sentiment turned.
To have followed your advice would be leaving me with substantial profit losses.
Context- Love this company and still hold although a much smaller holding.
Living in the country as I do our cars are indispensable to us,as there are few bus's a day, together with no air pollution. We holiday away most months thanks to a strong BMN bank balance and the car gets us away to enjoy the fruits of our investments before the inevitable end comes.
I joined the THR party this week after doing due diligence,sold down a while ago on my BMN trading stock to take a position here after a break from holding some years ago.
I feel the time may well be right now to see a northerly move.
My money is now on the table.
Excellent Balanced Post
Sickotrr
All I can say on the dilution front is since my first buy my shares were diluted x3 but the value has appreciated x11.
I would not be enjoying a price of 40p without that dilution.
From memory the only dilution I really had a problem with was Erongo where a value was agreed which would be paid in shares. Cycle on to the deal conclusion and because of share price increases Erongo ended up with shares worth several times the deal price. They then kept us suppressed for a long time whilst they sold them (the now legendary Erongo overhang).
So dilution can work both for us and against us, but so far the positives have outweighed the negatives by 11:3.
The days of "keep the lights on" placings are long gone and I would expect any further dilution to be for investments that would return multiples in future.
That said if the company could avoid all dilution by using other instruments then so much the better. However should they need to dilute me to build a plant at Mokopane that will effectively pay for itself in just a couple of years but be worth say another $150m on profits multiplied by a PE of 15 or say £1 a share minimum after dilution why would I be afraid of that?