Member Info for Echo1

Anyone else thinking next week could see another RNS?
Markets are taking an absolute thrashing at the moment what with Covid-19
Reaction to the Kimberlite intersection discovery was subdued IMO. Maybe they'll wait for release any news once the current slump has passed??

FW and spin memory could be the golden eggs for ALM.
But the markets are absolute carnage at the moment.
Even if they had good news to share the reaction from the market is likely to be completely muted?
I'm staying form and holding. NAV alone makes it worth the risk IMO

GLA!

historically this isn't as low as we've been

Company debuted at 120p and bottomed out at under 2p
MM's are having an absolute field day IMO. Plenty of days when consistent buying is seen but very little up lift. Then days and weeks like today when they drag the price down (either activating stop losses or forcing people to sell) on nothing more than speculation and Covid-19.

I'm holding and topping up if they decline continues. Happy to hear opinions from the rest of you guys
GLA and DYOR!

I'm not arguing in the slightest Nucky but is a SP of £4 a tad optimistic?

If we made a quid I'd be smiling from ear to ear if im honest

Does this latest move put into context the appointment of the interim CFO??

My break even is 30p.
So I need a good 30% increase just to break even.
Bought long ago at around the 60p mark and have averaged down. My main thinking was that the electric car ‘revolution’ would make this a very good long term hold.
Any thoughts?

Yes a good point addic.
Why do I get the feeling that once this has been through the wash I’m going to be feeling rather annoyed. . . . ?

Some excellent points made fellas.
So assuming an MBO is on the cards what share price do you think we could achieve?
I hasten to add that I like a lot of others have been sitting on a loss for a long while . . . .

Drilling started on 11th February, and then an RNS it’s 24th with kimberlite identified.
So that’s a time span of about 2 weeks.
Maybe we’ll hear of further developments next week?
Thoughts??

Yes you’re quite right.
A do forget we have a number of good prospects.
Fingers crossed for the coming weeks :-)

Cheers Nuck
I do enjoy the debate on these boards - and I do genuinely try not to be biased.
We’ve no influence or real idea what’s going to happen.
But I think with crystal amber on board we’ve a good chance of a good outcome?

Great spot from you addic :-) well done.
Do love it when these activist types get involved. Hopefully he’ll build his stake and kick some ass at board level.
Similar to crystal amber at allied minds.

Tiger - don’t think you could’ve phrased it any better.
I class this as an all or nothing share.
If they find Marsfontein 2 we’re all making a lot of money. I genuinely think 5p is realistic if one of the big miners comes in.
If they don’t we’ll be back at 0.5p very quickly.

GLA, DYOR!

I’m waiting on federated wireless to do the business :-)

Alright flabby
I’m with you on the reasons for investing in trin
But I’ve very much gone from a ‘let’s see if we can make some money mindset’ to a ‘if average down enough I’ll break even mindset’
The oil sector for me anyway isn’t trendy atm - although it is absolutely needed. I’m just not sure what the trigger for the trin sp recovery will be. Any ideas?

Yep I’ve taken an absolute battering these last few days too JL
But I’m holding FCRM for the long term. If we reach 20p I’ll be averaging down I reckon.
Although Botswana diamonds could be my joker in the pack this year!!

Afternoon chaps
Results look solid to me and great to see the divi making big leaps.
Not tempted to buy back in if I’m honest, maybe if we reached 390’s I would.
My holdings have taken a thrashing these last few days. How’s everyone else doing?
I’m blaming corona

Looks like someone has confidence moving forward.
New holding buying up 3% of the company.
Fingers crossed its the start of upward movement :-)

Never had a 10 bagger. If I got a 5 bagger I’d probably singing from the roof tops lol

I’m holding. No way I’m selling. Could end up with multiple bags - COULD.