Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you are buying today may be safest to ask your broker if you will get Accustem shares, if they say yes ask them to email you that, tell them you will be relying on the email and don’t buy until you have it in writing!
The price action isn’t what many of us expected, myself included. I doubled up last week to give me shares to trade into an expected increase, but I am happy to add these extra shares to my long term holding as I believe that the combined value of this and the spin off company will be significantly higher within 3 to 6 months. In truth the non-event of a last day spurt has done me a favour as I will probably do better holding the lot. It shows that you can never take the market for granted. Perhaps others are taking a different view than the widely held one here that today is the last day to buy. I phoned my broker yesterday and was told I’d have to buy by Wednesday at the latest to be entitled to Accustem shares but I didn’t feel confident in that advice. Well we will see what the rest of the week brings forth, maybe a few surprises.
So putting it another way young buck if someone buys Friday morning they will get the shares in Accustem? That seems unlikely to me. If I sell Friday and you think I wouldn’t get them someone has to get the Accustem share. I have to say I don’t intend to take any chances myself. Any I decide to retain will be owned by me on Tuesday and will not be sold this week. It is a pity though that there should be any confusion over exactly where we stand.
You would think it should be quite a simple thing as to when you can sell to still be entitled to shares in the new company but it seems to be causing a lot of confusion and certainly a lot of comment. Since there will be a share in accustem on a one for one basis there must be a point where entitlement to that share flips over to a new buyer. My take on it, and only in my opinion, is with T +2 I must be the owner of the shares at close of business Tuesday 27th. If I sell on Wednesday 28th I will still get my shares in Accustem.
I nearly doubled my holding last week and these extra shares were bought with the intention of trading by close of play Tuesday, but retaining my core holding. If the price doesn’t move enough I will just sit tight on the whole lot. I had been thinking that by Tuesday we’d be hitting £3 plus but , even with the positive move today, I’m not sure if we will see £2.50 by tomorrow’s close. Could well go absolutely crazy tomorrow though so it will be interesting. Whatever your strategy here GLA .
Short term traders clearly selling today , keeping the price down. Today’s RNS is good long term news of course but a lot of people don’t want to wait. Whatever works best for you , but I am finding patience brings rewards and I expect that here. This could easily double again on strong Covid related news and I am sitting tight .
https://www.thetimes.co.uk/edition/news/coronavirus-explained-what-we-know-about-covid-19-so-far-zpbdr5wsh
We get a mention here , behind pay wall, should be in the paper tomorrow.
‘ A British drug, made by the pharmaceutical company Synairgen, involves inhaling a protein called interferon beta, which is crucial in the immune response but is suppressed by the coronavirus. In preliminary trials it was shown to have a dramatic effect on the recovery of severely ill patients, but has yet to be validated in the large studies required for medical approval.‘
100% agree, I just keep accumulating and waiting for news. Fundamentals always come through eventually.
In my opinion this is an excellent time to accumulate , which is what I’ve been doing. I see no reason to think this won’t soar once the details of the share split (or share sale) comes out. I am patient, I am happy to build up my position at what I regard as a bargain basement price. I intend to take something off the table around £2.75 to £3.00 .
Yes this has gone up a lot, even before yesterday’s RNS but when you look at its current value I find it very attractive still and topped up this morning. I am unlikely to sell even a slice before the next news and if we stay around this price I will be building my stake as funds become free elsewhere.
Pretty much any company could do a successful placing if they give a third off . This will probably keep us around the placing price for months. I don’t intend to sell and may top up if and when funds are freed up elsewhere as I think we should recover from this but I am singularly unimpressed at the placing price.
I agree, sit tight and wait for more news. Trading range could be as wide as a quid to £1.50 but I’m not selling even a slice until around 2 quid. I’ve learnt taking at least a medium term view works best for me. If I am in funds from profits elsewhere at the time I’ll be topping up anything around £1.10.
It’s entirely natural for Companies to raise money, that is the prime reason they are listed, and of course this has a tendency to pull the price down short term towards the placement price. But fundamentally it’s good for the Company to have a stronger cash position. Unless you are here for a short term trade this is nothing to worry about. The price was stuck around a quid for ages and it was a great time for accumulating. I really don’t care if it goes down to £2 or if it takes months to start going up to £3 plus. The story in imo so fundamentally good I am sitting on my holding. I bought more on Thursday at £1.80 and if I’m in funds will buy more if we retrace to there. I want to see what happens about the spin-off and I don’t intend to sell any shares until I know what’s happening with that at the earliest. It’s a fantastic investment here imo and gla.
Relatively recent holder, 1.5Million at .49p.
First time I’ve gone through a suspension which will hopefully see a RTO so I’m interested to see how it pans out for us. Definitely one of my riskier positions!
I have read so many people calling a load of rubbish the golden ticket over the years that I am hesitant in using that well used phrase. But I do think this really may be one of those those rare occasions where this really is said golden ticket! There is always a risk , hopefully small, that it could disappoint but on the face of it this seems to have potential to be worth over a billion. Maybe a Nasdaq listing, we’ll see. It’s already been life changing for me and my wife. Very best of luck to all holders.
I’ve been holding here a while, average price under 30p. I do like to take profits but so far I have only sliced just under 10% at 2.10 to 2.20. I think with some more positive news we could easily be 4 times what we are now, perhaps several times that. I don’t intend to sell another slice until around 3 quid. It is clear that we could be a multi billion pound company and I will certainly ride out the bumps on the road. It will find a level , perhaps soon , and we’ll see a sharp rebound I think. Anyway that’s my strategy and best of luck to all holders, old and new.
I’m sitting with an average price of 0.49 , the spread doesn’t help! Target for me is 1.0 or as near as then I’ll be taking something off the table. Happy to hold into the suspension if necessary and will top up if funds become available.
We all have to decide what works for us and I’d fault no-one for profit taking. Personally I am sitting tight and think we could hit 1 billion in value if the home tests are positive .Charting is useful and I like it but fundamentals are the most important thing and this treatment is what the world has been crying out for. We are likely to finish today somewhere between 1.25 and 2 quid I think but what I’m looking at is where we are going in the next few weeks. I am prepared for pullbacks and will not worry if we end today lower than where we are now.
These micro caps are driven by sentiment between RNS’s and sentiment tends to be down whilst waiting for news so no surprise to see us drop. Probably due to the Higgs’ buying the price has held up better than expected. I regards this as one of my most speculative shares but I have gone into it with my eyes wide open. I think it’s too early realistically to expect sales and we could drift down below 3p in the next week or so. For me it’s a matter of when to pull the trigger on a top up unless some news drops quicker than I expect. If you are thinking of selling out worth having a look at the company website first
https://catenaeinnovation.com/
, just to be as informed as possible before making your decision. There’s a good run down of the Company’s products.
I hold over 30 shares , simple mistake to make and I think you know exactly what I meant. We all need to be careful with our investments and I am well aware there is a high risk in this tiny companies, but patience and topping up works well for me.