Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How do I see this panning out?
I see some positive news that may cause a bounce that may take people by surprise and they will get reeled in again. If this involves the majors putting more money in then I see a whole bunch of related party transactions, which will ensure that they get paid first.
In this scenario administration will come in later and will manifest itself by some bad news RNS's that will cause the inevitable. In this scenario there will be more regular RNS's and more truthful ones.
The other scenario is they fail to agree and take it to admin. My preference is for the above though. Either way no chance to recoup any of the money most have invested here.
Rover,
I may have been very arrogant in delivering my damning verdict over the months but it is because I have seen it before.f Good resource, good mines, run by people that have one thing in mind "greed". You want to know what tipped me over over a year ago?
3 things in the order below:
1. Investors here focusing only on fundamentals, thinking that this is all that matters. They completely discounted the "greed" factor that comes in play from directors and big institutional investors. Never did I see one of the "preachers" here considering the downside. This created alarm bells for me. It was fertile ground for this thing to go wrong and in a big way.
2. Wasa - Yes wasa. This gambler was touting in the early days how he was pumping all his money in including house sales money , living in caravan etc etc. He had a huge following from the equally naive here, treating his endless calculations about NPV and pontifications about resource on the ground etc. etc. Everyone was reading his posts like Godspell and pumping more money in undoubtedly. This for me was a huge alarm bell.
3. Jeremy Martin - always smooth - always pretending he cared for the shareholders but never committing any of his funds in a serious way to buying even at crucial stage points. As you know I was screaming about this.
and some minor things:
4. At some point seeing the macro situation unfolding i.e. rising interest rates, people and governments putting the whole green folly agenda on a back burner and firing up coal stations I knew and I warned about this multiple times. No one in this economic backdrop cares about green credentials and overpriced EV's.
5. Lateness in securing financing deal. I remember clearly saying that these guys were late in securing the major financing package and they are behind the curve. Reason - I could see the bear market for mining unfolding . Incidentally we may be reaching the bottom now.
6. NOTHING WENT WRONG during construction - This just does not happen. All the mining cos I followed always had a bit of bad news RNS's during construction. When I saw the latest report about how close they were to completion and the fact that there was not a single point of bad news yet coupled with what I thought was a fairly stagnant share price, was my trigger to go short.
Most of it was based on psychology and a contra attitude. I do not concern myself with fundamentals when it comes to AIM. It is roulette. For me it is a quick in and out. Anyone that claims to be a successful AIM investor certainly will not be in these forums and will more than likely have access to information no one including me have even dreamt of.
I think perhaps a whip round in amongst the hopefuls here - Perhaps 1 pound to acquire all assets and assume the debt.
Lots of good accountants here with immense calculating capabilities about NPV's etc. You should all be able to balance the books. Careful though I am watching you all. You should buy shares in your company straight after you buy it for the good of all private investors.
Mugs
Translation from Arabic - ha ha class
Hello, Mr. President
Greetings and best wishes to all your family members. And prayers and peace be upon the Prophet Muhammad.
You might think I’m a crazy guy, but you have my honest assurances that I’m not.
Please pay immediate attention and give your esteemed board of directors a great opportunity to invest your king’s wealth. AIM fish metals are now Horizonte (the “HZM” symbol). I know gambling isn’t one of your favorite things there, but SAR 45 million, it’s a real deal. Trust me
Love and Best Wishes, LSE Chat Panel
Helicon are a bunch of opportunists - They were also short I believe via some instruments
Exactly Slurms. Why don't you all expend your efforts trying to figure out what is it that Jeremy Martin and co knew that were not reporting? I am sure between you you will have access to lawyers that could advise or begin something along the lines of a malpractice investigation. Maybe even a collective reporting to the FCA or whatever other regulatory body. Most of you will not bother because you have a defeatist attitude to these things (in true Brit fashion of obedience and fore lock tugging).
Go after the ones that shafted you. Not me that I was warning shortly after the big finance deal if not before.
Lawrence - this is verging on hate speech. I have reported your post. If you continue there may be more. Cease and desist the deeply personal attacks. And by all means seek help
Lawrence you are so angry still you even fail to read my posts fully - I did say in my post that I bought at 70p. I exited for a loss. Still in profit though from this mess you still tout purely on the basis so you can exit. Only God knows what your likely exit scenario is but it is not happening.
Yes Jeremy Martin was decent too according to many here. He was viewed as having shareholders interests at heart. etc etc
When I was screaming that he was not buying any shares despite all the good stories he was selling the likes of wasa, Lawrence, picked peck and a few others always had an argument as to why not.
Look at what Jeremy did. Now this new guy is decent of course. But not for your kid's inheritance...Grow some investment nous for god's sake (any god btw)
Lawrence despite all the warnings from months / years ago here you are like wasa hoping that you will recoup your serious losses. The only one I know that successfully shorted this is myself from 130p or so down to 80-70 and even I was foolish enough to buy at 70ish hoping for a bounce and then exited quickly.
Anyone shorting now is shorting the hole as there could be bounces due to the low liquidity environment the games the MMs play and a myriad of other factors.
It is clear wasa has a gambling problem as Publican says. I was highlighting similar months/years ago by saying that no sane/serious person would risk their house money to live in a caravan in order to invest everything in one horse. Total and utter madness. Breaks all rules of investing. Without any hedges of any sort for that matter.
You guys are not investors you are gamblers with a problem. You both need help but I think Lawrence your problem is more of an arrogance and a sense of intellectual superiority if I may say so. Some would argue delusional. I have problems of my own I admit. I straight talk too much for my own sake and like to be proven right. I should be a bit more gracious but unfortunately I am not.
Anyway get the help please
Funding it will get - just without any of you
Of course when it eventually does get sold to USA funds, then all misery guts will be moaning that nothing British is left as their beloved LLOYDS.
450Million is chicken feed - I wish Brits stopped being so risk averse and bought shares that are doing well and generate income. The US has woken up and the LLOYDSA share price jumped up considerably. I foresee a time that this will be bid for by th Yanks as it is so undervalued. British risk aversion of course does not help which may be the impetus to take this bank and list it in the US. Enough with the cobwebs of British investors
Billy how's the NDA you have signed but state here on the hush hush with information that all is well?
Have they not come after you yet of this is true?
Or are you still in bed playing with the playstation ?
I say this because I see posts the size of bedsheets from Lawrence and Strow clutching at straws. Never ends well.
At this point is comical.. I will not even bother to explain, it has been done may times, why this fails.
I am personally here for the amusement factor and to see the final conclusion of my never ending pessimism about this company's action circa 2022 if not before. Just look through my posts.
Strow you seem to have forgotten how the game is played. You blame shorters for your atrocious decisions yet you have had ample warnings here from me as well as the publican. You just chose to stick with donkey stubbornness to a view that all rational logic couldn't explain. How many times have I said here that the big boys will try to take this for nothing as it has so much debt. Now you cry like a little b about shorters. They are not the problem you are
Something is up
I replied yesterday Hazbeen bit my post got deleted as it was probably deemed advice.
I drip feed money into Blackrock BRWM. Pays circa 8% divi and includes the big mining co's in it. When the cycle turns it goes up. When the cycle is down your divi gives u some compensation while u wait. Do not go all in. Do some basic TA and buy the lows on a Bollinger Band or a support - It is at one support now but it could fall further on the next one
NO ADVICE DO YOUR OWN RESEARCH
Someone here said respect to wasa. Hmmmm I was the lone voice saying that no man puts all his house money after a sale in a single stock and lives in a caravan waiting for a pay day. I have been warning about this for months if not years on this board. Please treat this as a lesson you did not have to pay for.