Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Generally there is a bit of a mass exodus in uk shares at the moment but looks like a major shareholder needs money/lost faith.
Lets hope there is no black swan event to drag it down further.
Time will sort this.
Question is when to top up ?
@ Alans55 - looking at your posts. What a rude person you are to everyone.
Placees will now offload at any profit and then as it drifts lower and lower at any price. Same as all those in previous placements.
By the time this is a profitable business early investors will be diluted to zero. Last second investors will do well.
Back to new all time lows coming. Algos and bots and shorters will make sure of that regardless of fundamentals.
Need some rate cuts.
Placing at an almost all time low. The money wont last long.
Next placing in the 0.0035.
Rinse repeat.
Looks like Bennelong Resource Capital Pty Limited have just thrown a lot of money in the bin. Same as the others at a higher price.
@ cj
" I still fell SP will rise to 1.5p on DMIRS permission "
What a foolish comment.
A Lot further to fall followed by a placing. Then they will sell it.
The new owners will be Very, Very happy,
Mining icense will make no difference to the sp at all.
A working mine with profits would make this go up which unfortunately won't happen whilst owned by shareholders.
That was the last bounce with the interview. Only one way now until Q3.
50-90% retrace whilst waiting. The usual AIM retrace.
Below 0.010p sound right to me. Why would anyone put money into this before any profits with this track record.
Early investors on AIM always get punished if there are no profits. Early investors are used to get the project going a bit like eurotunnel if anyone members that. Great piece of engineering but at investors expense.
"3 months until they get going and 4 weeks testing all going well and then however long it takes for them to give us results"
Very true.
That is the amount of time it will drift downwards. Why would a lot of investors wait if they are sitting on a profit and can take that and get back in at a latter date cheaper ? AIM is news driven.
If we all write on here with capital letters, blind optimism and put a few rocket and smile emojis this should go back to 3.
No reason to pile in now for months. 10% + drops per day now.
Happens to virtually all shares on AIM now where you have to wait.
Be good value at 0.5 in June. The blindly optimistic said under 2 is not possibl.e lol
Sub 0.1 coming quicker than I thought.
Complete disaster this. Anyone thinking the iron ore will ever be mined is deluded.
Will be sold off sub 0.1 and some people will do very nicely out of it.
Will buy some sub 1p.
Lots of people will take profits and go else where for a few months.
Market makers will do everything to drop this to as low as possible sp.
AIM mostly not for long term holders - they get diluted out of existence
Why buy now ?
Clontarf Energy plc (AIM: CLON), the energy company focused on lithium brines, and petroleum projects, is pleased to update shareholders on the terrible loses they are sitting on. Don't worry there is a lot further to fall before a placing.
Possible commercialization by as early as 2032.
Mike's buying again.
Cjmorley looking at the graph upside down,
Have you spent your profits yet from here ? You should have sold after the knac when it went up so much.
A lot tp look forward to - Mining license will see this drop another 40 -50% same as other announcements. May go up 5-10% for a few hours on the announcement before going down again.
Great way to lose money here. ( and no I don't want to view the graph upside down to see how great this is )
Looks like a leak of awful figures ?
We are in Recession. Inflation not going down and being stubborn, A lot of people prefer to buy dustbin fodder from temu and shein, UK markets are a shorters paradise........
Am hoping this will stop falling but does not look good.
Has Mike messed up ? ( he's not infallible )