Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Saliva " not passing" at PD does NOT necessarily mean that it has failed on spec and specifity. PD may have concluded that the spit test, for large scale testing is not suitable given it's inherent danger of contamination and they would rather have a nasal swab test. However I would be surprised if the reagents used for each test are different. Saliva will be suitable for smaller scale private testing. It will happen and will hit the market. Everyone should relax and try to add some more, avoiding Monday morning's games if they can. GLA.
PL75 is right. Huff Po update refers to the AN test as showing great promise. It is not that there will be an updated saliva test. The original article did say that the new test had been approved. Infuriatingly the update does give cause to think that it still has to be rubber stamped. All in all it appears that things are not quite so clear cut as I had though last night. Still great cause for optimism though. Be careful of the spike early doors on Monday.
Surely time for some communication from the company about this drop in shareprice, either to say that they know of no reason for it or to report that the CEO has put his hand in his pocket. This drop is just never ending it seems. Some reassurance fo shareholders needed now. I can' remember seeing such a slow motion inexorable drop on no relevant news.
Today only proves that this will be a long haul back to the 30's. The fall is, of course, overdone but it is slightly more explicable when one sees the large number of very big sales over the past week or so. Someone, or some entity wants out and until they are we are going to see a number of false dawn's. Even Newcrest's very positive comments last night really didn't help and remember we have still to get the rest of the SWAG results and no one seems to be very hopeful that they are going to help the SP. We all have different time scales and this set back is a sore one for me, about to dip into my SIPP for the first time, but things will resolve and the gold hasn't gone away. GLA.
Paddy: Don't think we have heard your definitive take on the madness of the price drop here. Many different theories have been suggested. I think we would all value yours. ATB and thanks again for all your tireless work for all shareholders.
If the buy/sell ratio is even approximately right and we have seen absolutely no upward momentum in the share price then it is very likely that there is a very large sale in the background here. I said earlier that inexperienced traders have been responsible for the drop here but it seems that there is more to it than that given today's price action. I called 24.5p as the bottom and we settled there but there was a drop to the mid 23s around 4pm which was disconcerting. I know I will get hammered for even suggesting this but given the new appointment and GHs demise could he be selling off? Who could blame him? Just a thought.
TomE: You find it difficult to understand why people would sell GGP. With respect I think you must agree that there are different types of holders. You and I being LTH and having done our research know the potential here and would not consider sacrificing our shares, but many others, as I said in my last post, jumped in the bandwagon having done no research at all and when the Swag rise didn't happen, panicked and sold and those who held on saw the lack of response to the Newcrest results and ran for the hills. None of this matters to you and I but the inexperienced short termers can't hack it. I really think that we are now over the worst and, I think like you that normal device will resume shortly. ATB
Think I will call the bottom of this insane drop at 24.5p. What the hell has happened here. My take is that a huge number of inexperienced retail investors were sucked in around 35p on the hope that SWAG was going to propel us to the moon. Delay led some to sell off to around 33p and the results themselves caused an absolute avalanche of selling. Some held on to see if the SPwould settle and it briefly did, but it didn't rise again as many anticipated after Newcrest results so the short termers then resumed the panic selling. This is just one of the downsides of investing in largely retail held shares. On the up it's fine but on the way down it can be like a waterfall of selling. Like many LTH I have not sold but added here. Where we are is simply wrong and the feeling I get is that the selling may be petering out. I may be wrong, but you know what? I don't really care. It is sore watching your paper profits diminish but if you have done your research you KNOW that we will be back in due course. GLAH.
This latest pathetic effort at an RNS is the final straw for me. Does anyone even know what it means? Am I the only one who thought we were at this stage over 6 months ago? I will, no doubt, be called a de- ramper or worse. Not so. I have held a large number since 40p days. I have gradually sold out given the lack of transparency from the CEO. This has just not felt right for months now. It just stinks of so many other AIM pipedreams which have ended very badly. This morning was the end for me. GLA.
Damp squib of a day. So much for investors buying in for the results tonight. So disappointing to see momentum and confidence totally shattered. So angry with myself for not de-risking in the mid 30s. Mark my word this will now be a long, slow haul back. Just shows you that nothing is a sure thing on AIM.
Sentiment totally sucked out of the share price and not confident that even a good report tonight will do much in the short term. Very disappointing for everyone but the froth is well and truly blown away and hopefully a lot of the short termers and traders. Yet again I have been unable to sell some at the right time, a repeated failing of mine which I think is telling me that the markets are not for me. I have had sure things in the past that have imploded. I don't think that this will be another but who knows. If it ever reaches previous highs again I will be selling off a good portion. I have had a good run. I think it will now be a long haul back.
Merc HAS been rumbled. On here proclaiming holding for ever and on the OMI board at 8.37am yesterday proclaiming that he would sell up here if not at 40p by Thursday and put all in over there. Just shows you that you should trust NO ONE on here or anywhere on LSE. Merc has no credibility whatsoever now. Anyway DYOR.
jdt. Look at Magic's view. No real hope that next 4 drills will be any better. Didn't go deep enough. Good God, Greatland's success at Havieron was because they went deeper than others had. This was a bad failure and was avoidable. Sentiment and momentum has been shattered and I am not hopeful that even a good Newcrest report next week will propel us back up in the short term. If my memory is right the last good report didn't do very much for the share price. In fairness my view of the present situation is coloured by my particular circumstances. I am retired and want to cash out my SIPP asap. I am very much in the sale of the company camp. 50 or 60p a share would suit me fine. By the way, I think that there are a large number of people on this board are of the same view but aren' t saying so!