George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Unfortunately the regulation of people who run this sort of borderline fraudulent business model is absymal in this country, forget to tax your car or pay your income tax and you are toast but people can indulge in connivery and misrepresentation with the aim of misleading others and walk away to do it all over again!
Disgraceful that companies can be manipulated like this, run into the ground, yet the people behind it can just go and start all over again!
The regulation of such activities is pitiful!
Morning folks. Nor quite sure about the IG Index thing as it is still showing Yourgene as of today?
It is on my share watchlist and still showing live prices.
I'm going through the exercise of sorting my share accounts and was wondering whether there is any point at all in keeping the defunct BMR shares? I can have them transferred onto a share certificate and close down the account they are held in but is it likely to be worth bothering for some future value?
Sorry if it is a daft question folks!
Sometimes necessary to diversify at times like these, bet the markets short using a spread betting account then pick up shares at knock down prices when things look like they have settled.
It is all a bit of a gamble but that worked well for me during the 2008 crash and subsequent recovery. I ended up with shares in one of the UK builders that relative to the price paid per share were bringing in over 50% dividend annually in my SIPP. I've gone to cash in the SIPP for now and just bought £50k chunks of things like Barclays for short term upswings, taking the odd £5k profit here and there to add to the pot.
As for Yourgene I'm in for a good few in my ISA, bought them at the same time as Novacyt, stupidly sold Novacyt for a small profit which would have been £40k if I'd held on. Can't get them all right I guess.
Gut feel is that with all that is going on we've a way to go on FSE shares; I don't think the banks have set aside anywhere near enough to cater for debt defaults they are going to face. We will see mass unemployment, inevitable tax increases and if the government don't toughen up on the anarchy a lot of civil unrest. The long term cost to the country will be immense.
Being retired is probably not a bad thing right now, some cash to invest, some fair size bets on the upcoming USA election so still things to do.
Well recall those days, put down a big chunk of deposit on my house in the country from the profits but kept a few for later. Needs to get on a fair bit to break even on those but the profit was taken at the right time. We had a meet up in town to celebrate, wonder how many of the people who went are still on the forum?? Managed to get through best part of a bottle of Old Pulteney that night :)
Tapping away at a previously tested resistance level at the moment, I guess some are small automatic trades set up by people who had a target in mind. The large sums put in yesterday don't suggest random buys to me, someone out there has access to some pretty tasty information. Very unlikely that they are punting big sums like that into an AIM share on the hope of a few percent upswing, this is just like waiting for the cork to burst out of a champagne bottle....in more ways than one!! :)
Anyone see if it looks like they are finding shares hard to come by to fill big buy orders?
Quite a bit of volume all of a sudden? Someone out there got a whiff of info perhaps? Getting near a bit of historical resistance so good to see that behind us if possible.
Trading at the top end of the recent range with what appears to be only minimal selling at the 20p mark, be good to break through upside and create a new support level!!
Got to feel a bit sorry for the newbies that are getting rinsed over on the mouse forum (Hemo)
One that I didn't see in your list that isn't specifically and solely CCP virus related is Yourgene Health, it looks as though it has some pretty good underlying profitablity building alongside potential involvement with Novacyt. Don't take that as a pump, it is merely an observation.
I have a fair few companies in my CCP virus watchlist including "soap, dope and rope" companies and know that the majority are one trick ponies with very little fundamental substance. Just a matter of backing the right one (or two) and not getting carried away by the pump and dump squad.
The ramping on some of these forums is disgraceful at times and we all know that some of them are getting paid to do it!!
Interesting second test of support today, if it breaks below there is nothing on the chart much below for a bit of a while!
Obelix....is waiting until June/July unusual? I bought these a while back and am in no rush to cash out, they have risen steadily overall and look good for the future.
That isn't intended as a ramp by the way :)
Could you give a little more detail on why you think this please, it is very intriguing!
Your comments are very bold for someone who then suggests that they have a "humble opinion"
Do you have inside information on this one? If not can you confirm that you are going by gut feel?
Many will be sitting in a very difficult position on this one now, their fault of course but some during times like these are grabbing at straws in desperation.
Let's at least agree that it is just a punt. The chart tells the true story of what has gone in here!!!!!!!
OOOH, just got a row of stars over the word I used on previous post, for anyone who thought it might have been blasphemous I can assure you that it was just the correct term for a female dog. :) Not sure why it would censor that when you look at some of the utter rubbish that gets through the filters PMSL
Oh well, that didn't work then, best you keep on *****ing and whining at each other while you continue to get rinsed by the MM's and paid rampers!!!
Can we have a more civil day today, no punching in the clinches, no gouging, punching below the belt, biting, kicking or spitting.
Get your gumshields in, could be a bumpy ride.
Caution if trying to catch the falling knife!! Some will have bought at 15p and will now want to average down, buying on the dip, that presupposes that the SP will then rise above the average holding, most times it never does and just ends up tying in more working capital.
This has been a classic case of how the markets are worked, a real opportunity for "newbies" to learn from, hopefully without having lost money they can't afford to lose.
Equates to a market cap of £119,000,000
Just saying.
That is a lorra dosh in anyones book!!
Good luck for the morning, I've stated my views and will leave you folks to your fun. Bigger fish to fry ;)