Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can’t buy on my Halifax account at the moment and was only a small trade? Under £100
Made a small profit on PFC after Covid , but thinking my 6K investment here is/has gone.
Might just stay the distance and take the pain
I have decided to bail out of this share with a 50% LOSS. Good luck to all those who remain invested.
The lack of news doesn’t bode well, although we should be used to that by now. Just get a feeling that this is rapidly becoming a one trick pony that is going to run out of cash before producing a drop of oil
I have held shares in MATD for some time and have on occasion, sold up for a small profit
However, this time round I allowed myself to get over excited with the imminent news of LP.
The result is a 50% loss and rising.
My head tells me this is just another RKH, oil discovered but still in the ground accompanied by the huge rise and eventual fall in share price
My heart hopes for a similar spectacular rise on the next RNS , but my head say MB will bail when cash runs out
Much the same for myself, have held a small amount of shares for an eternity. Nearly sold at £2.28 before dividend. Wish I had just punted them and moved on.
Share buy back is a disaster , spent a fortune buying them back at what seems too high a price as it continues to fall . Maybe the should halt ,but no,they keep on going.
I do love how people are talking about , double and triple bagging. Let’s not forget that this share is almost 50% down since the consolidation. I bailed out , saying I wasn’t a fan of consolidations and took a few peters for saying so. ( blue -square )Since then RMM seem to have sorted out geological and finance issues, so I’m back in. GLA investors......but remember, some investors have made large losses .
Lol...Blue _Square.... Why are you so certain this won’t go lower? You criticise everyone who disagrees with your judgement, but provide nothing to back your stance. I said I wasn’t a fan of consolidations as they are a blunt tool for generating interest in a company and I sold up at .401p .
You criticised my point of view and since then share price has dropped. Financially the company seems to have sorted itself out, now the practical side of mining will have to be established. This company could go either way depending on how that pans out. I may well reinvest at some point, but for now, I won’t invest . Why criticise others who don’t share your opinion?...
@JAdam
Not looking for argument, enjoy an open discussion especially if there are benefits.
Everyone has different investment methods, taking a profit when I can, works for me and my financial position.
I do hope MATD does well as I still have an investment in it. Looking forward to some announcement on Licence in the not to distant future
JAdam
The answer is that while you/ I wait for the MATD share price to rise , I took my profit and put it into PTR, which luckily, is up 15%...MATD may be a winning share , but the market is about investing to make a profit not waiting to see what may happen.
You don't understand my strategy? I don't understand yours? MATD price has fallen and I chose use the profit generated to invest in another company and have a wider portfolio.
My choice , but I don't see how I've missed out at present ,potential gains as you say are exactly that.....potential
I was fortunate enough to buy in at approx 3p and see over 100% rise, decided to sell just under half my holding and will let the rest ride. Totally agree its about timing, I just decided to take some profit before the price started to slowly fall and look for other investments. Can afford to sit back and let my remaining MATD shares rise on news when it emerges. GLA LTH think this company will do well
In London, miners were following commodity prices lower.
Fresnillo lost 3.4%, Glencore 3.6%, BHP 3.3%, Antofagasta 2.2%, Rio Tinto 2.3% and Anglo American gave back 3.4%..
Major producers like Anto are down from there highs of last couple of months. In fact ANTO share price almost mimics the fall in RMM
RMM need to be producing ore to make money , would you agree Blue _Square?
I can’t grumble about this share as have been involved since early doors and 30p a share era. Have bought and sold numerous times and up over 100% at present. That being said, I am getting frustrated the way this share reacts to what seems like a reasonable profit.
Mind you, if I hold onto the shares for 20 years as PP1 recommends, I might make a lot more. Enthusiasm is fine if tempered by reality, maybe it’s time this company looked at giving a dividend to its shareholders instead of big rises to the bosses for meeting targets?
Nice to hear from someone who clearly knows about mining, there's so much chat and hype about it at the moment.
Unfortunately I let go of my ANTO just as they started to fly..... lol....Typical.
Shouldn't grumble too much as still made a profit and that's why we invest
Yes, Different type of mining , watched it go from a flooded pit to fully operational mine. The point was that Ormonde hit financing problems and got nailed by a bad geological decision..... dug in the wrong place after years of testing. They had done deals for financing , became a minority holder and either had to find 10 Million to overcome issues or bail out, which they did for 6 million. I'm hoping RMM don't end up having the same problems
Impressed with your knowledge of mining ,I always thought open cast was cheaper to operate
Thanks for the comments , BOO up 114% and MNZS 45% since I invested, as previously mentioned I am not a fan of consolidations , but everyone entitled to their opinions. Will watch RMM and maybe come back. Copper price no guarantee of rocketing share price, Antofagasta down from highs of £19.......invested there too.
Just my opinion, previous consolidations I’ve been involved in never turned out well. Obviously my choice to sell as have many others at this point, a 3 to 1 ratio at present
If the share price remains stable I will probably buy back in, my choice, my loss /gain will be the difference in selling / buying price plus fees. Sarcasm is deemed the lowest form of wit, so there are a few witless wonders on here.......lol.
Goes for approval today, takes place on the 27th if it’s approved
So which part is S@@@, that RMM is a good company or the share price will have to go immediately go to 40p at today’s price to break even. Never seen a consolidation do that , share price usually increases but not enough to cover the reduction in share holding. My opinion, if I’m wrong, so be it, my loss, but when you don’t agree with an opinion, state which part , why and be civil. Good luck to all those that remain invested
have been involved in consolidations before, always seems to be the value of the share never increases enough to cover the reduction in share volume. It can take years to happen,, Vane Minerals never recovered, SAGA took over a year to recover . RMM appears to be a good company , but I’m selling up , might come back when consolidation and price settle. Just my opinion, not a recommendation to sell or buy