Member Info for cluelessinvestor

Got my top up in, this is quite exciting.

Just throwing a theory together, based on nothing but my own point of view:

If we look back into the suspension, it was to "clarify" the relationship with CITIC. Since the suspension, multiple interested parties have come forward.

Within 9 days, we've gone from no news to going into the 'takeover' process, got UBS involved as part of the process, and subsequently resumed trading based upon:

'The Company confirms that it has entered into a success fee based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the Company's mining assets. '

So is it safe to presume that work has been going on behind the scenes in regards to a deal for a very long time since the initial suspension, but may have been put on hold because of Covid-19, hence because the work was never finalised, so the relationship couldn't be 'clarified' because it wasn't in a position to be?

Now we sit here in July with perhaps the behind the scenes work completed and the position 'clarified'.

It may mean we may be now very close to a deal, it's all about reading between the lines.

They are busy getting loans and credit cards approved so they can pile in later at 20p.

Some huge buys are going through, everytime the price drops it's gobbled up within seconds and the price moves back up by 1/1.5p.

You have no idea how monotonous you sound with every post.

I'm in, albeit at a very small amount but I had a spare £1000 so I'm looking forward to see how the story develops from here.

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Burn baby, burn...

I'm sure someone posted about an extension till Feb 2021 the other day?

If we get a notification of an offer price, would it only then resume trading but at that offer price? I.e offer of £1 so opens and floats between £1.00 and £1.05?

Not sure how it works just wild guessing.

What's your take on HEMO? I've been watching but haven't pulled the trigger yet.

Lovely RNS.

Will be a bit sad when it's all over, there's a lot of good guys here and I'm sure with some of the large holdings you guys have you can happily sod off into the sunset haha. But I'm sure some of you will still be around to find your next profit.

'Don't cry because it's over, smile because it happened'

Honestly ODX is a completely different scenario, the writing was on the wall for a while, the speeding ticket was the start, their PR was awful over the last few months and all sentiment was lost, it was obvious to see everyone was hanging on for the design freeze and then sell to get out. The interview with Colin King yesterday was just awful and was the nail in the coffin.

On the contrary, every interview I've heard with Gabriele Cerrone just fills me with confidence. Can't understate how important is for investors to feel confidence in the key individuals running a company and not just the 'story'.

I agree with the lack of traders affecting the share but I'm not sure whether it's due to the spread, the spread was also huge a few months ago when the Covid play attracted people here, but there was a lot more trades on a daily basis.

I just feel like it's very under the radar here and not many people have realised the potential.

The way I see it now, I've held on so long already since February that I can wait a tiny bit longer, we should be on the home stretch now.

Moving quite quick now, up to 7.14.

Our friend Punit must be scrambling out of somewhere else at a loss to buy back here.

That's twice now that rumors on LSE or ADVFN of a placing have come true the next day, first AVCT, then here.

Sorry to hear you sold at a 90%, it’s very depressing to hear stories like that but it’s the reality of investing more than you can afford to lose.

For me the writing was on the wall for Hurricane a very long time ago, I sold out at a 1k loss as I lost confidence after Warwick results, which now looking back was a great decision.

One provisor I would say is, if you do find yourself in a position where you have invested too much, do your due diligence, there’s usually a turning point for everything, where all sentiment is lost and you can sense in the wording of an RNS that they are clutching at straws. At that point it might be worth selling at a minor loss and coming back to fight another day.

Oh I do agree tree shake is overused a lot to define a drop, but the reality is there is a lot of investors that, either:

1. Invest more than they can lose
2. Are new or have very little experience

So if they see the price dropping, they will be inclined to sell, not just from personal experience as well but I've seen a lot of other experienced posters on LSE admit they done the same when they first started too.

Ironic thing is, you sort of have to take the pain of some losses when you first start investing with small amounts, to at least learn the best ways to protect your capital in the long run otherwise the system will just play you like a fool forever.

Not necessasarily £100k worth, but tree shakes are defo real, I experienced it when I was new to investing, I would look at random price drop and sell off thinking I was protecting my money, next thing I knew the price was actually up from where it was before the shake lol.

However not every single drop in share price is due to a shake, that's for sure, if you go over to the Covid BBs, they think every drop in share price is a tree shake, rather than a lack of a product or dropping interest due to no news.