Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When buyers start coming out of the woodwork as they think it’s cheap- don’t know when that will be obviously but we could be close to it- then there will be a sharp reversal as FOMO takes over with all the people who have sold out. Well done if you can time the top and bottom , you are better than I am, I’d rather hold and wait as I have a high degree of confidence in the company. When it turns you will not be in any doubt as it will be a surge upwards! Keep the fundamentals in mind and the potential size of the market for these tests.
It’s hard to swim against the tide when the market is moving the other way but this is when your conviction will be most tested. I place shares into 2 types, conviction hold, like here, where I will hold for a specific event ,news, and reassess then or shares I’ve traded the uptrend and I intend to sell when sentiment turns. I have an average buy in here of 62p and so I had a large position at £2.10 . I will not be shaken out here but I always reassess when there is concrete news. The other underlying factor may be a sentiment that Covid will die off and this product will be unnecessary. I don’t think that is likely in the short term so I’m not being swayed by that . Sometimes sentiment seems so strong you wonder will it ever change, then suddenly it does-often for no apparent reason!- and suddenly the tide is strongly with you. You have to learn when to sit on your hand. GLA
Just tried to top up, no surprise NT
I agree. Underwater here at the moment but I’ve done my 2nd top up today and will be holding at least until there is some news. Very small market cap and so vulnerable to large share movements with no news. You need to have conviction on AIM or you’d be blown all over the place.
With the home test pushing back the results the herd are away to other pastures and when we near results time I think we’ll see a scramble to get in. I have no idea of how much lower we will go till then but I’m sitting tight as I expect to see £1 on FOMO before the results come out. If it falls below 40p then I’m looking at a top up. I could be completely wrong but That’s the plan I have.
Yes could well be a big squeeze upwards in not too distant future , I think it deserves a re-rating but for now patience needed.
General market sentiment down especially for small caps I think.
This has a v small market cap and it doesn’t take much activity to move market dramatically either way.
I’m holding all my shares and awaiting more news. May well rally significantly later if there’s a change in market mood. This is AIM -expect wild swings !
It says it’s exclusive for direct to consumers globally. We will know better when the details of the deal become clearer. This should fly when the test goes on sale but this feels like a wrong move on the part of the board to me.
Thanks for your presentation Magic, you have really put a lot of work into it. I’ve been a PI for 25 years but until buying in here have never bought a mining share! This seems a very exciting prospect and is now one of my largest positions.