RE: Whizz5 Aug 2020 09:37
Tbh, there isn't very much anyone can add during the pandemic - it is a waiting game.
It isn't a nice waiting game either, I was waiting for my placements to be tradeable on my IG account so that they would be valued at market rate instead of zero. The difference beween minus £7k and minus £4k on my account awaited ..... stone the crows, as soon as IG London sorted it , the ASX market followed LSE and dropped the price to produce a 9.5k loss despite CBA and Hargreaves being in profit (my dividend chasing holdings).
It wouldn't be so bad if it was big holders getting out, but it is small fry dragging the price down for a few hundred quid or even less! Poor wording, it would be catastrophic!
On ASX last night one ******** took 3.2c for 7k shares or around £140 costing me thousands and the pension fund stacks times that!
It is the lemmings amongst us that are allowing these low prices , MM's ramp to the cliff edge helps them to jump. "Strong buy" suggests a quick profit in my book , unlikely to be quick until a Covid vaccine is found! So he is creating disappointment of course, and more lemmings.
I am happy that TG is keeping this outfit on the road despite the diminishing share price ... I feel so sorry for the organisers of the pension fund who must be under pressure because of one dicks £140 sell!
Roll on news that #4 dewatering is nearing completion so the stagnating price rises nearer to break even levels based of strong volumes in busy markets.
Whizzer is right on the lack of news there. TG could have told us how many barrels of water a day we are extracting? Hopefully new water is not being introduced to Lesedi with all that sun for solar power, so every teaspoon pumped out is one less teaspoon less left to pump?