RE: A question1 May 2025 13:25
Dusty
I'm going to stop provoking you now because after CRML at $2.40 and MIRI this morning I am genuinely worried about your mental state. However, one last point.
Do you know what marks you out as a mug more than anything?
Statements like "I make little beneficial trades like Miri as I knew it was heading for a fall".
Nobody apart from a 24 carat mug punter buys a stock, even for a trade, that they can see, at the time they press buy, "is heading for a fall". That MIRI RNS could have come at 7AM any day in the last God knows how long. It has been in the post for years. Literally years. It came today while you held. You got burnt.
So when called on it by 4k, your after-timing mentality means you HAVE to say you saw it coming and sold before the fall you foresaw. But in reality you did your conkers along with many others.
Bringing this back on topic to TM1, the coup de grace announcement for them could come here at any day. Literally any day. The writing has been on the wall for at least 18 months and the share price has cratered to the point where it is, as one formerly friendly commentator pointed out, priced to fail. There is a massive overhang from the death spiral at what is now a discount to par.
Anyone buying, or indeed anyone holding against that backdrop is, like you, a mug.