Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You bought at 5.97 and the average between buy and sell was 6.0. Therefore the computer assumes it was a 'sell'.
The spread is now 0.5. MMs expect the price to move up.
Apart from the drop in share price, I'm very happy with how things are going. With the experience, knowledge and connections the CG team have I'm expecting to see some really good product feedback (stealth advertising) appearing in the right places and potentially even news of tie ins with upmarket retailers - both online and on the shelves. The real carrot is if we were to be supplied via the upmarket beauty box specialists that use a subscriber model.
Share Options have been granted to the new CEO at 7.68p, starting to vest in a year. The option is for 20m shares which I make to be £1.528m.
Now that is an incentive to a) grow the business b) grow the share price c) stay around
Which is a reverse of the pattern for the previous few weeks where it rose in the morning and then fell back for the rest of the day.
Hopefully it will settle back down into gradual rises.
Looking at the trades, it went up as expected on open and then there were a few sells just after 8am. Despite lots of buying pressure it seemed to slide back almost all day from that point. There were a couple of larger sells just before 3pm, but there were more buys than sells.
The only winners today are those that always planned to sell while up from previous days those that bought back and the MMs. Any new investors during the day will be well down :(
Buys do seem to be at least 2-1 and the volume definitely is up.
As others have said, the price opened up which triggered a small spike followed by quick sales. Others are now buying back / buying in. Though some are treating this as an AIM share, it is most definitely listed on the LSE.
I fully expect it to finish blue and then continue to rise into the new year. Though it won't always be a straight line.
Very simple - some short term traders bought on the impending news and then sold on the mini spike which has brought the price back down again.
They are aiming for same / next day shipping with standard 48h or premium 24h delivery:
https://www.cellulargoods.co/delivery-and-returns
Better to play safe to start and then crank up lead times.
I think he means watching all the trades coming in.
Looking at the L2 offers, the price definitely wants to move higher. The MM buy (from us) spread is a range of 1, but the sell is twice that.
The price has touched 11.5 a couple of times in the last month and then dropped back to 10s with no solid news / day traders selling. The short term target with a gradual rise has to be 13s. As soon as we have a launch RNS I expect 20-30 with a fall back to 10-20, before rising again in the new year.
Longer term is all about sales and premium market share. If the market likes what it sees, no reason why it can't push toward £1.
We still are :)
One of my friends has a CBD business and has made an absolute fortune selling to chemists.
The unique aspect for us though is every batch being identical due to the synthetic aspects.
When there is a drop of several percent, this often triggers stop losses, which triggers more stop losses and then general panic selling. Invariably the people who didn't mean to sell then buy back and the prices all start to recover in the afternoon.
Hardly any stocks are up today and most of them are covid related (though not all). Great day to buy if you have spare cash :)
A buy for £80k and 1 for £20k from yesterday morning have just shown up :)
Volume has dropped back a bit over the week. Its now closer to what it was in mid to late October. It will move very quickly with buying volume (which comes with news or rumours of news).
However the last few days the pattern seems to be lots of small buys in the morning that move the price a little followed by lots and lots of small sales in the afternoon - which moves it back down slightly.
Volume and especially buys in volume is king.
I’m not a marketer, but some of the specialists who have been recruited clearly are :)
I agree, no point hawking a product that’s not available yet. I’m expecting a gradual launch in December that will grow into the new year.
Of course if DB or VB tweet or post on insta, the sky would be the limit (as long as we can match the demand).
I agree its possible there are holding to let a buyer in, but I'm also wondering if its simply a shortage of shares in circulation?
If it were a shakeout, I'd expect the price to drop sharply for 10 minutes to trigger stop losses.
Price has dropped a little and hardly any trades are going through.
I can't even get a small amount with a Limit Buy. Very strange...