The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
1.3p is a gift. 1.8p is still in no man's land.
If this goes to 1.4p or 1.3p. hell even 1.2p. that would be an all time low and pretty worrisome - as who knows if a new low will be tested. hopefully there is a lot of support. what are the fundamentals that will now make this skyrocket?
it's a great pattern though for repeat buying and selling if you time it right.
like i said previously. holding on AIM is a bad idea for any share - especially if there is a long way it could drop. it's the wild west. and to be fair. most people buy and sell without even reading the charts. and then of course are unhappy when reality hits.
Maybe, but you do realise posters have been saying that since the OTC days?
10p would be something. I remember when REM went up like 4000% in a month. Let's see what happens here over the next couple of months.
Back in the day there was 1 holder on this board, or iii before the message boards closed. He had over £250,000 invested over time. Luckily he had a successful business that he could use profits to invest. I don't know if he still holds or not - I hope he managed to get a big chunk back at 8p.
My point was, better to keep your money safe and watch from the side lines - and time your entry. With AIM, it's not like holding Amazon or Apple where you should expect the price to stay somewhat the same or increase. With the amount of shenanigans going behind the scenes. I wouldn't trust my "investment" to be safe for 1 month, let alone years on the AIM. 1 or 2p isn't a bad price as you should expect to see 3p+ again some day. But continuing to hold at 6 or 8p? No chance.
I am not bashing ARCM, though you probably could. You can make money for sure, as with many other companies. Do I see them as a company being successful in the future? I don't know, I hope so. Vassilios seems like a good guy the couple of times I met him. I don't doubt they are all trying. But the aim is to make money, not get emotionally attached.
I'd like to think everybody that has been here for a period of time had the opportunity to cash out at some point. Unless you bought at the absolute peak. Then well, tools should have told you the stock was overbought.
You've seen 4, 6p and 8p. If you bought in lower you had multiple chance to take a profit.
Never hold the bag on a penny share It doesn't just apply to OTC/ARCM - it applies to all companies on the AIM. Dip in and out if anything. You could have 10x your money here if you had repeated selling on highs here over the last 5+ years. Alas, if you held the entire time hoping to see 20p. Well, that wasn't the wisest of decisions.
Unlike other mining companies that are no longer listed on the AIM from the last few years. It is a miracle OTC has made it this far. We'll see what happens over the long term - but the game is making money.
Roy, if you are still about - I hope you doing well.
Caddy, the only way to have made money in the last 10 years was to rinse and repeat (buy & sell) when it hit ~2p and increased to 3/4p and then tanked. It happened maybe 8+ times.
FatZone (R) - if you still read the boards. I hope you are doing well.
"I don’t know what to do now. "
maybe you need to work that out before buying shares in the future. strong strategy. buy and then state i don't know what to do. this isn't a forum asking for advice. what would you have done if the share dropped? please don't write. "i don't know"
Feeks if you had bought in to OTC at sub 1p before it him over 3p it wasn't a bad investment was it? In case you missed it, we saw the worst financial crash in history. It wasn't just OTC that dropped, it was 99% of the market. So you are saying they were all bad investments too? Had anyone been buying into AIM years prior to the crash you could pretty much pick any stock and see it rise. No one knows for sure what will happen in the future here or elsewhere. Same with all the pros speculating on blockchain and crypto. Plenty have been burned so far buying BTC @ $19k. and it dropping like a stone - but it may go higher one day
funny to see you still posting here SPOT. do you come to this forum every day? i can't remember the last time i had a look. for someone that owns 0 shares you must lead a fun and active life to keep coming back year after year
It looks like no one has an answer for you. It's the first time I have seen it after such a rise. Closes @ circa 0.60, and opens @ 0.20. Pure BS if you ask me.
Nice call here harold. I was looking at buying in myself yesterday. Hope it all plays out well for you guys.
True it does. But can you see it being this low in the future? I can't. That is why I just added a few more to my holding. Not a huge amount, just 175k shares. Still brings the average down a bit.
That is a serious amount of shares you are holding there john. You'll have one big smile on your face if this goes beyond or even reaches our expectations. I still can't believe people are selling now (unless they are taking a profit), let alone @ 0.81. I would at least wait till the results and site are up. When Orogon hits the shares newslines with its huge potential it should attract a lot of new investors.
Lets not forget the 17 too john. i think that was your 180,017 ;). Touch wood we see a greener couple of weeks this month. There has been too much of a downwards trend here. I am really excited about the company and its potential.
Did people really sell for 0.81p earlier. Holy moly that seems low. I didn't see the bid drop to that. Can anyone confirm?
Now is a good time if anyone wants to. I very doubt the SP will be the same come the end of the month.
I thought i'd post it again. I received this email earlier today (another poster received a similar email recently too); Dear Mr XXXXX Thank you for your enquiry and our new website is complete and will go live in the next 3 to 4 weeks when we complete the acquisition of the remaining 51% of Orogen Gold. If I can be of any further help please do not hesitate to contact me Adam Reynolds Chairman Medavinci Plc Adam Reynolds
Hi, Can you post more information on the parternship please as you seem to be a fountain of knowledge and a few of us are probably ignorant to the facts. I am not sure of a placing, we did one recently and raised £1.5 million so I think our balance sheet is looking pretty healthy for now. I don't think there is one to worry about in the immediate future. It looks like they have enough cash to also purchase the remaining 51% (49% cost £370,000 so the remainder should cost much more) of Orogon without too much trouble. Sorry I can't provide more info on the partnership, I hope you can share your knowledge. The future looks very rosey for MVC. The old directors from Orogon are coming on board which will bring about a lot of knowledge in the area, as well as their experience in the sector. I say bring on the results from the sampling and show us the updated website.
It looks like quite a few buys went through around lunch time, and only a smallish sell. Even though the SP seemed to recover a bit doesn't want to move the way of the green. Oh well. I doubt very much it will be like this in the coming months. Time to put on the patience hat again.