The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You've got it in one, Wasa.
You can't really make money following the herd, and being a contrarian investor is difficult - Where the herds are shooting something down, and talking it down non-stop... That's generally where you should start buying.
Granted, it's not an exact science, but on the larger trend it does seem to work.
This company hasn't hit any of my red flags, and my red flags are where I look to close positions early... NOT Price action.
I too, have a little too much in here, but I'm not overly concerned as sub 3p is the place to be as greedy as possible. Absolutely agree with you on large churn at 3-3.5p, and again at 5p.
3-3.5p is where the largest volume of shares have been traded. Also considering how by and large, people behave on sentiment alone, it's where stale bulls will break even, and those buying in at 5p will deem it to be an place of 'acceptable loss'.
5p churn speaks for itself, as it's where a lot of the 5p buyers will see break-even points.
But you know, on the flipside - Many who bought at 5p, sold at 1p, laughed at 0.4p, and cried again at 1p will likely be buying again at 5p again.
It's stupid, but it's sentiment and the markets. Until such time as MB fails, graphite thesis fails, or Tanzanian Government fails... There's nothing here telling me to stop averaging down or to sell.
First of all, this is a HUGE stepping stone.
Nearly 559 days ago on 12 May 2021, BKT received approval for their investment from POSCO.
Now, we see the first stage of their finance package signed off. The near $60 Million commitment from the South African Bank will be huge for the region, and infrastructure development. It's NOT the entire package, as BKT will now look to additional lenders, POSCO, and an equity raise to fully complete their funding package.
This initial commitment for a huge chunk will make it significantly easier for them to complete finance and get the ball rolling for the entire region.
Huge positive, and once the finance is signed off, as I've said before - I'd expect MB and ACP to start newsflow within 3 months of BKT fully signing off.
I'm certain many are more than happy to agree to disagree...
But for the 559 days we've been hearing the same thing, over and over and over and over.
This would stop imminently if the same point wasn't repeated on every thread here by a certain person. All points have been addressed on multiple occasions, and explained by multiple posters in multiple different ways.
Yet we still have to read the same post over and over again.
"Firstly how do you know I was in profit?"
Because we can look at the share price charts HAHAHAHAHAHAHAHA
It took 559 days from that date where you couldn't be in profit had you bought in on the back of that announcement.
Quite despicable to wish ill on other traders/investors.
It makes perfect sense that you've sold out, and are now bitter.
But I fully understand why you're upset.
Sunday will be 559 days from the 559 days you had to sell.
13th October 2020 - 25th April 2022 = 559 days
25th April 2022 - Sunday 4th November 2023 = 559 days
You're basically had another 559 days to reflect, and I can fully understand why you're so upset.
*ring* *ring*
Disgruntled Trader: Hello, FCA?
FCA: Yes?
DT: I found a forward-looking statement that caused me to lose money. I want to make a compliant.
FCA: How long after this statement did you feel wronged?
DT: 559 Days... But they used the word IMMINENT!
FCA: Hmm... And what happened after 559 days that led you to have an issue?
DT: I started losing money. But that's not the point. They used the word imminent!
FCA: Please hold for 559 seconds.
FCA: Well it seems as though you had 559 days to sell at a profit, and you chose not to. Is there any particular reason you didn't take issue with the statement then?
DT: Because I thought it was imminent, and I was telling my family how great a trader I was.
FCA: So now that you're losing money, you're just looking for someone to blame, but when you were making money, it was of no consequence to you?
DT: YES! That's exactly it! It's all their fault. Thid is all because of their statement dated October 13th 2020. Can you please process my £559 refund, please? I need that money imminently.
FCA: I'm not sure if there's anything we can do to help you. Especially if you did not seek financial advice when making this trade. If this is still not resolved for you in 559 days, please feel free to consult The Treasury who should respond imminently.
*click*
I think it also comes down to the fact that it is difficult to get permitted in Greenland, and a PEA tends to offer better figures than the PFS, which in turn will offer better figures than the DFS.
It's the Capex to NPV ratio that is the issue, and with banks getting stringent on contingency funds etc (i.e. HZM) there's still a lot of work to be done here.
Apparently on 13/10/2020 the board made a statement about progress being imminent.
Shareprice hit a high of 4.5p.
Now assuming a trader would trade on this news being 'imminent', I would hazard a guess that they imminently bought in.
Now how long is imminent?
A week?
A month?
At what stage does a trader say : "This isn't imminent!"
You see, after the above statement, the shareprice hit a high of 6.4p a whole 236 trading days later! That's 340 da calendar days for a trader to take a step back an say: "This isn't imminent, I was misled! I'm going to sell!!!"....
From the 13th October 2020, it took total of 389 trading days, and 559 calendar days for a trader to see the shareprice fall below 4.5p, giving ample time to say to themselves: "This isn't imminent.. I don't trust the BoD... I'm selling!"
Now in all that time, a whole 559 days... A trader could have sold out without any sort of financial loss based on "imminent" progress, indeed not being "imminent".
If imminent is within a month or two, what was the rationale for the remaining 44 months where you didn't see this "imminent" news?
I don't really expect an imminent response to this, but following the above announcement there were 559 calendar days for anyone to stop and think to themselves: "This is clearly not imminent".
It's highly possible of course, that a trader could have said to themselves: "I need to sell this imminently"... And they have an entirely different perspective of the word imminent.
559 calendar days. That's how many days since the RNS a person would have had to decide to sell at a profit/break even.
It goes to show, people will blame anything and anyone for their losses any trading decisions, aside from themselves.
1. 43 RNS' compared to 5 RNS' - And that's led to a 6% difference in decline.
Now you're going to argue that 'They will be ahead' when the market turns.
*facepalm* *facepalm* *facepalm*
Well that's partially the point! You're rather be releasing news into a good market, as opposed to a distressed one!!!
Release into something bad, and the market ignores it. Then when the market turns, it takes a lot longer for the market to reflect said developments. Release into a better market, and the market reacts a lot more positively... You know, because people tend to have more liquidity?
Furthermore, Ecograf were always ahead of us. They haven't 'gotten ahead'.
Don't worry if you don't fully understand the above. I understand Dan only recently made the concepts of bear markets clear to you recently. Just know it means we'll get to your 3.5p 'cut losses and run' price a lot sooner. But you won't sell at 3.5p, 5p or even 10p. Because you'd rather just be here moaning... Creatures of habit and all that.
2. We discussed this, and it was already explained to you. A FORWARD looking statement does not count as misleading investors. If a CEO said "One day this company will be paying dividends", and then those dividends never come - Does that count as a misleading statement? NO. It's a prediction. If a CEO says "We plan on paying dividends imminently", it's still a forward looking statement.
If a CEO said: "We plan to pay a dividend of x amount on date y" - That's entirely different and would require a corrective statement!
Speaking of which, how's that FCA complaint coming along?
But we already explained forward-looking statements to you. You just refuse to learn or acknowledge anything.
3. I don't need to filter you. I have an investment here, like many others. So I'm more than happy to counter-balance your nonsense. Anyone who sees ACP on a top-risers leaderboard will undoubtedly see your nonsense. So I'll keep you unfiltered until you hit your sell price and then finally walk away from this board.
4. It's nearly impossible to have any form of nuanced or serious discussion/debate with you. There are very knowledgeable posters here who probably choose not to because of trolls/whiners such as yourself.
Smarten up.
Okay, Captain Barstool.
You've baited me.
Ecograf have released a lot of non-material news, and a little material news regarding Free-Carry. But on the whole, more or less silence.
IT STILL PLUMMETED OVER 90% FROM THE ALL TIME HIGH.
With the recent increase, it's now only down around 78%.
Armadale with no news plummeted 93% from the all time high. That's a 3% difference.
With no news, we're now around 84% down.
That's no more than a 6% difference in gain/loss on the basis of one company producing news, and the other not producing news. YOU Amtech, said "Plus the fact that they are actually doing something instead of sat on their hands".
So according to you, all of that non-material comms, and 1 piece of solid milestone news is worth 3-6%.
That's it.
That's a 6% difference on the basis of one company allegedly sitting on their hands, and another company allegedly taking action.
How does that account for the 85% loss you're probably sitting on? You can have the 6% for lack of comms, so that means 79% of your losses are just down to your own poor trading choices.
Trading choices YOU made, and WE have to hear about day in, day out. You couldn't even stick to your own words about staying quiet if we finish the week blue.
So there you have it. There's your comparison for the difference in price between a company that's releasing (albeit non-material) news, and a company that's had absolute silence.
We'll all have a whip-round to cover the 6% gap between your actual loss, and what your loss should have been had MB sung like a canary. Then maybe you'll stop talking such utter drivel.
I wouldn't hold my breath, though - Because the last time you said you'd stop posting you could barely stay silent for even a day.
Amtech? AmConfused more like.
Stop making sweeping statements.
They've had a huge blackout period when it comes to making progress, their shareholders have been moaning just as much as ours have, are also behaving as though they're waiting on BKT to progress infrastructure and they've recently bounced near all time lows.
But don't let any of that get in the way of your narrative.
Lol Wasa,
he's been rumbled!
ACP 1st October 2020:
"For once I managed to sell out near enough at the top at 4.9. Couldnt ignore a decent 4 figure profit. This share is still a multibagger in the making though so looking to get back in. Just hoping for a dip in the price."
But on the 26th and 27th August 2020:
"Last chance to get in below 5p. ASK is 4.915p but wont stay there for long...."
"That was a sell based on the time it was executed. But still bodes well as a £17k sell still couldn't keep the sp from rising. Looks like mm's dont have enough shares to satisfy demand. The sp is extremely undervalued. Mcap should be £100m+ so at least 20p."
Then in March 2022:
"Im back in @4p. At these prices its a no brainer. This will easily clear 10p, once news starts coming in."
How you buy and sell share is entirely your business. What you post on public forums is everyone else's.