Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bet they come up with a hair brained deal just before 7th March to keep the trough available to themselves!
In my mind its criminal what they have done, apart from a few of us traders the person that has done best out of AMC is RY.
All the way through all his false promises and missed deadlines he's been feeding at the AMC trough and still is!
Gap closed and looks like a new more gradual rising channel is forming, bottom around 5.5 (where I think I'll buy back some of the sales) Which nicely coincides with RSI bottoming out. Almost ready for the next rise - top of the channel around 12-13p.
https://invst.ly/11quyc
Kammy18 - my magic crystals told me so :) - you really should learn charting - you won't lose so much as you do.
As I said when it opened it will be good as it won't be hanging over us. Also if it does it in the next day or two the rising channel will be preserved.
Could be a double GAP close day for me today - let's hope it's not as dramatic here as it was for HZM!
Although there is a bit of support around the 60p level, I don't see any firm support until around 30p, still has a way yot drop in my view.
Contrarian - Why did you buy in the 70's when you agreed there was a GAP below this level?
Needs to fall a bit further to do so and right on the bottom of the long term downward channel! Also opened a massive opening downward GAP a perfect example of GAPs at work - beautiful :)
Before everyone starts bashing charts - I pointed this GAP out years ago.
https://invst.ly/11kuhz
Of unclaimed dividends.. probably most of the holders are dead, I know of at least two.
There must have been a grill across the top of the trough as they haven't managed to get through anywhere near as much case as I'd thought!
19p is the bottom of medium term rising channel, previous bottom of channel was back in March at 15p, current top of the channel is 37p - almost 100% from here. RSI way oversold and on very low volume.
Looking good to me!
Just bought back the 500k I sold at 0.8 and 0.7 for 0.39
I've changed my stance having researched things in a bit more detail: credit goes to bbr391 for pointing out the debt is gone with the sale, now this really is properly undervalued.
Sorry but this is rubbish. it's the other way around today you can by millions at 0.9 but can't even sell 1000 on IG
I was able to make a few small sales yesterday just after the news at 0.81, 0.71, and 0.6025 only £6k's worth and then the shop was shut. Not bad as these were all bought between 0.3 and 0.4
Still got a large holding which i would off load at 0.6 or above - if they would let you!
- couldn't resist as these were bought at 0.35
I guess the MM's value the deal at between 0.60 and 1.5p per share :)
Bid is now 100% up on open!
Guess that sale has gone through
I've always thought they would come up with nothing, draw their salaries til the end and then return what's left of the capital (if any).
They've got to get through an AGM vote yet - if there is anyone still here motivated enough to give them a kicking!