Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jupiter selling out gives a great entry point for new investors and a perfect opportunity for past investors to average down.
Jupiter are not even selling due to lack of faith in RevB they just need the funds to liquefy their position.
Lovely jubilee.
Teddy, it looks to me that theyre not willing to let any of them go under 18p, that will seal the bottom (there abouts) If it does go lower due to others selling up, i would grab the chance too.
I actually think they will up their sell price knowing that theyre getting snatched up at 18-18.4p
TR1 duesoon, if they sold any on Friday.
Another TR1 due for what they sold today (assuming it's Jupiter)
They will definitely be down to single digits anything between 5-8% left, they'll get through all of these this week if they're going to zero.
they will give out a TR1, I believe they have 48 or 72 hours to notify and they will only have to do that until they are under 3%, looking at the figures today I reckon anoth 3-4% of their shares sold.
This will bounce soon after.
This 250k sell has been hanging around waiting to get filled for a while now.
L2 showing that there is very little holding this back atm. This doesn't mean another large sell can't be made though.
Thanks for your reply Hexam.
Nice to be in agreement with someone for a change. The only thing different is that I'm am going to take the plunge sooner, there is always risk but at this price i'm finding it difficult to find one that values this at 18p.
I'll catch you here in just over a week hopefully.
GLA
Hexham.
Wouldn't you say the RNS on the August 2nd gave us bad news and the drop was huge on this news?
At this price if there is any reasonably good news it will fly but bad news has been taken into consideration.
I'd say at 18p this is well under priced.
Castlepaul, As a dilution goes...Financially, this should not have dropped less than1.5%. As we know from dilutions, investors want the same price as the diluted shares are/were sold for.
investors know this and get out know the price is about to drop, then others follows suit and so on.
More importantly MM's know this and open up the markets on a much reduced price so people sell even cheaper.
In Oracles positon the money generated is to push the company further along.
In my humble opinion this will climb back up very soon and with promising news will fly. This share has only dropped through MM's and scared investors getting out (NOT on the companies performance)
Good luck.