Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well. Well. Well. I must say there has been a lot of negativity on this board in recent weeks. Share price drops and the comments start and look at where we are now on track for a recovery and potential set of gains to take us past our previous high. Just goes to show that you can never call it as no one saw this coming. No one has a crystal ball but you can look at the fundamentals and ecr has looked a good bet since we first saw the original rise. News could be a monster release as other elements could be tied in which were held back. ECR is going to make us all rich. GLA
Those were my thoughts also as to EOY so that would be a possible explanation as to the sell off. However if this was the case this pattern would be repeated every year... also why sell at a loss as a lot would have been doing.
Just to throw this out there... perhaps certain people at ECR want the price to drop? As to why god knows... just seems very odd as to how we were flying with good constant support and then bang which wasn’t based on any negative news but no news.
Also keep in mind this isn’t just us seeing a drop look at EEE...
Once upon a time a man discovered gold. He invested in the equipment and started to mine. After 3 months of activity the gold disappeared. They kept mining but in the end gave up and sold their equipment. Another man took expert advice from geologists and purchased the equipment and mine. He started mining again and within a month discovered gold and an enormous resource and made many 100s of millions. True story. The lesson to be had? Don’t quit as you can be a step away from a result that would far exceed your expectations. I am all in. Am I worried. No. 8-)
Well he is waiting for something and releasing two bits of news at once would have the most impact. It’s what I would do 8-)...
The other thing to consider is that ecr has over 4 million in the bank? It’s not like the company is going anywhere. Own drill rig running at full capacity - what’s not to like. Even if they don’t get great gold results on the first hole there will be a lot more to follow. People are too focussed on a quick win perhaps that’s what drove us to 4p re comparison to ggp etc.
Well I said I would leave this a month and come back but can’t. If CB said 2 weeks and has not given the RNS in my view he is waiting for something whatever that may be. My bet is that it is to do with the JV. We need to keep in perspective where we have come from. It wasn’t so long ago we were at the low 2’s and were stuck there. A lot of the holders bought in at this level so are still up. I think we need to keep things in perspective ie Rome was not built in a day. Have confidence in the business model and the positives in play. Now is the time to buy more in my opinion.
The best thing to do in my view is take a break and come back in a month. By then we will have news good or bad, if it’s bad or good it won’t matter to me as I am in this for the long haul. Gone all in and will stay all in even if it takes 10 years to get to a mine or two in production then I will take my dividends 8-)
I have gone all in on ECR. I think we need to keep things in perspective and not worry about the current drop. We are not far away from the JV news. The drill programme is proceeding at a good pace and will continue to. I wouldn’t be surprised if they don’t announce a new drill purchase soon. Makes a lot of sense to ramp up further and increase the odds of finding the jackpot. Correct me if i am wrong but not much has changed as to the reasons we have all bought into this. Just need to keep our cool even if this does drop further.
Thanks PROP. I do agree in that KRS has something tangible which is revenue generating whereas KOD is pre-revenue. In this game no one has a crystal ball so luck in my view plays a part. Best of luck with your investments and thanks for your valued input.
Totally agree diggit and yes I get it ??
PROP thank you for the input. We will see what happens here. I am invested in KOD and believe this share will perform and take off. You refer to inaction on a share such as KOD but the same can be said for many others which have then seen a meteoric rise. Companies change and develop and some make whereas others don’t. My bet is KOD will come good due to the players involved and the demand for lithium. I may be wrong but for me there is more upside in diversifying in low priced shares which have the potential to break through.
Well... if they state those facts and people are investing on that basis it must be accurate. It would be illegal for them to state otherwise. As I say they have a mine in production, that to me gives them credibility. Perhaps in an interview under pressure everyone can make mistakes. The information I have quoted is on their website. I may be wrong and of course respect your opinion. With no doubt with your number of posts you have been here around longer than me so have more experience. Time will tell.
In my view the positive is that they actually have a mine in production. It shows that they can actually pull it of and get to that stage. The product is of a premium quality and they are pricing it so it competes to get market share. If I was a in that game I would buy it ie more bang for my buck? Togo will have to wait and see but for me there are a lot of positives and potential with this company.
Not sure about that 850k sell. If someone wants to get in they could create that situation to sell and lower the price further with others selling. We are human after all... to illustrate the point of social proof and that we follow the actions of others: https://m.youtube.com/watch?v=XZDLbbfT9_Q
Food for thought ??
Says it all:
https://mobile.twitter.com/Moonshoot2000/status/1301426740514955265
I am in full agreement with the comments made about lithium - it is the trump card. In my view this could become more valuable than gold due to the demand. In my view I think you have chosen wisely and patience is key. KOD does stand out to me as an attractive investment there is a lot which will play in our favour. I am new to investing but in my opinion the greatest gains can be made in chiding shares such as these you just need to look at the likes of EUA and GGP. Shares which were flatlined and then BOOM. Time will tell but I do think you will recoup the losses and come out with a smile on your face. The most important thing is that you did not sell to lock in your losses which would have been significant at that level. Other posters have mentioned knowing when to walk and I do agree with that but for me the is one share I would keep. GLA
ECR is the next GGP.
Thanks for your thoughts. In your opinion how do you know a share which is right to top slice? Also to sell on the highs and buy on the dips is there anything you look for to allow you to judge this?