Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Morning. My take? Someone got asked to put out a tweet while they analyse their line logging results and picked an unfortunate quote. They can't seriously be at above 200m still without having clarified anything to the market.
Rightly or wrongly, I have messaged the company through the website contact form to point out its potentially not an ideal quote to choose - shoot me down if you like but I'd rather do that than sit on a whole day of 'does this mean there's a problem?'.
Probably an RNS will land now I've typed all that.
Joshwaa, thanks, love the charting. All plausible on great news, but how many of us would hold our nerve to get as far as chart 3? ; )
Was hoping for 7am today but more likely Wednesday.
Wyndrum, the 'Eyeore hat', as you so neatly put it, is one of the things I like about this board - because there's a few folk who keep a realistic balance in their posts. It's easy to get carried away in the excitement of a rising share price, especially since HE1 looks solid and DM is doing such a fabulous job. But it is all out of our control and that does bear repeating.
Fingers crossed we'll be further de-risked this week.
Myoung, I am assuming this is an extract from the times article (can't get past pay wall).
I honestly can't understand why he wasn't able to put together a more balanced piece. It would have been entirely possible to spell out the same risks without skewing the facts or removing them entirely. Just the suggestion about the drill delay - hinting it was due to conflict rather than because DM actively chose to move to a better target based on updated data - actually makes me quite cross.
Putting share price, risks and potential success aside for one moment, it seems utterly un-British for someone to invest in a company so rare in its business model and so potentially huge, only to then disparage it publicly through a lens of inaccuracy and derision.
Wasted opportunity.
Harpman, I was thinking it could be on the BBC website over the weekend or in the coming week. Anyone know anyone at the beeb? ; )
Thank-you for the update Shares, Myoung and Bluebay - right so we're about as close to certain without the results. Its gonna be a long weekend waiting for this one ; ). Off to listen to that interview.
I've been off the board most of the week and think I must have missed something here. We've had a show RNS'd and now people are saying we 'know' that the trap and seal are working effectively.
Shoot me down if you like, but I'm going to ask anyway.
Wouldn't we have to have an RNS to confirm that the trap and seal are working effectively? Otherwise, how have people come to that conclusion? Is it a fact I have missed somewhere or most likely scenario given DM is flying out?
Thank-you!
Sorros, valid reminder in amongst the excitement. Thanks.
Stick to your plans everyone if you have de-risking plans.
Here's to a stunning RNS on Monday so we can all get even more giddy ; )
Dom-Bella, I agree with you and it would be nice if we could have a more constructive board beyond today as well.
I think I made my position clear earlier when I posted, but as we seem to be on a merry go round of people refusing to stop posting, I'll post mine again:
Thanks Rambino for your post, its excellent. I am hoping for consolidation of the share price of the next couple of days, with a chance of a rise on Friday FOMO.
I am still a big fan of VLRM, have done my research and want to be here, sharing the excitement when it hits OTC.
Let's hope we have a great day today, although I'd take a quiet one as well.
GLA.
Rambino's summary:
We all know the OTC is imminent, so looking at the last few days:
1. We had the placing (at 70p, and warrants at 80p). I believe that's usually a signal for a base price from investors.
2. Then you had the selling, some would say it was induced (at prices lower than the placing) of smaller shares and bigger block sales, but most of the bigger block sales were bought up.
3. MMs will obviously require shares to sell when OTC happens.
3. I've heard (and I haven't had time to check) that OTC listings are usually Tuesdays.
Could it be? that is the question
Some Holmes sayings springs to mind, "when you have eliminated the impossible, whatever remains, however improbable, must be the truth", OR even better
“In solving a problem of this sort, the grand thing is to be able to reason backwards. That is a very useful accomplishment, and a very easy one, but people do not practise it much. In the every-day affairs of life it is more useful to reason forwards, and so the other comes to be neglected. There are fifty who can reason synthetically for one who can reason analytically…Let me see if I can make it clearer. Most people, if you describe a train of events to them, will tell you what the result would be. They can put those events together in their minds, and argue from them that something will come to pass. There are few people, however, who, if you told them a result, would be able to evolve from their own inner consciousness what the steps were which led up to that result. This power is what I mean when I talk of reasoning backwards, or analytically.”
Thanks Rambino for your post, its excellent. I am hoping for consolidation of the share price of the next couple of days, with a chance of a rise on Friday FOMO.
I am still a big fan of VLRM, have done my research and want to be here, sharing the excitement when it hits OTC.
Let's hope we have a great day today, although I'd take a quiet one as well.
GLA.
Rambino's summary:
We all know the OTC is imminent, so looking at the last few days:
1. We had the placing (at 70p, and warrants at 80p). I believe that's usually a signal for a base price from investors.
2. Then you had the selling, some would say it was induced (at prices lower than the placing) of smaller shares and bigger block sales, but most of the bigger block sales were bought up.
3. MMs will obviously require shares to sell when OTC happens.
3. I've heard (and I haven't had time to check) that OTC listings are usually Tuesdays.
Could it be? that is the question
Some Holmes sayings springs to mind, "when you have eliminated the impossible, whatever remains, however improbable, must be the truth", OR even better
“In solving a problem of this sort, the grand thing is to be able to reason backwards. That is a very useful accomplishment, and a very easy one, but people do not practise it much. In the every-day affairs of life it is more useful to reason forwards, and so the other comes to be neglected. There are fifty who can reason synthetically for one who can reason analytically…Let me see if I can make it clearer. Most people, if you describe a train of events to them, will tell you what the result would be. They can put those events together in their minds, and argue from them that something will come to pass. There are few people, however, who, if you told them a result, would be able to evolve from their own inner consciousness what the steps were which led up to that result. This power is what I mean when I talk of reasoning backwards, or analytically.”
Now that the share price is bouncing and everything everyone wanted to say has been said, if anyone comes back with any more of their assertions, to try and spread fear, it will be pretty obvious what the agenda is. The share price was recovering mid morning, so the posts here got noticeably more scare mongering shortly after, and sure enough, down it went again.
Hopefully, everyone else who posts or reads will have worked out the agenda now and won't keep asking questions of people who come in trying to spread fear. Lets try and get some calm back on the board now. Thanks. GLA.
BlackX - you have been asked to stop posting by a number of investors and you have said 'goodbye' / 'final word' several times in the last 24 hours. Enough is enough.
Great that they are not admissible until next week, so we won't have a new potential seller until next week, when more news is likely anyway. I am hoping we've seen the back of 17/18p for this week.
Enjoyed the helium jokes yesterday, very funny. He he ; )
Great post SirJames. Yesterday was crazy and I also think we need to put it behind us and move on. The more we feed anyone with an agenda, trolling, trying to get back in cheaper, whatever the reason, the more unpleasant the board will become. I think the price will be back in 70s today and better on Thursday / Friday on anticipation of OTC.
Someone in the telegram group very kindly posted about it after either spotting it or buying from it. It looks like ING are buying from London and making a market in Germany with an additional margin (20%? Ouch). The PI who spotted it says its been there some time. I have no experience of this kind of re-listing, so can't give you any details on how it works or who instigated it (VLRM or ING).
So thank-you for the TA is how I should have finished that post ; )
I don't post much but since we hit the peak of 23p, the only people whose views I pay attention to on the share price are Wyndrum, Joshwaa and Glib, for the TA take. If I could do it myself I would, I definitely see the value in it to get a more realistic expectation of what might happen with a share price.
Also Xerxes is right - some hype, PR and diamond hands would go a long way, although I expect it works better with smaller caps and less free float.
I don't think its ever really been just one or two big sellers, I think its also PIs who got in much earlier, de-risking or re-weighting.
Harpmandoodle - what analyst's re-rate? Was something published today following the show?