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I am keeping up!
Been trading PAT far longer than you've been here, it isn't a conspiracy theory it's fact as to how AIM works.
You were rating this as a strong buy at twice the current price in Dec 2021 "Great Entry Point 14p is a BARGAIN" and looking at most of the shares you have been commenting on such as BMM there's a common theme, they are mostly worth a fraction of what they were.
AIM only exists for companies to raise cash and very very few become investments. Once you understand the dynamics of this, sentiment and charting it works, trading AIM can be very profitable. Buy, Hold and Prey for an RNS doesn't. The fund raisers will just take your money.
What makes you think the Deal and JV will be good for the Share Price?
So there is now the best part of 24M shares to be sold into the market. They have been shifting quite a few since the first issue but i would say they are only about halfway there.
The quick rises and falls may well be engineered by the sellers and the large mid market trades that go through are probably the sellers being matched with retail purchases.
I suspect the subscribers will sell their shares at or above their purchase price and keep the options for the ride. This is how AIM works, why else would you go to all the trouble of listing. Previous funding of PAT used to come from large existing holders but this one is different, now using AIM for what it was designed for.
Also be very careful of posters who claim to know board members, my experience is they are usually part of the sales and marketing process.
Shadow: "As of Dec 22 they had $3.4 approx plus whatever left of the sale, which was about $3.3m after div paid out."
The cash burn through 2022 was $2.6M ! Then consider all banking and legal shenanigans at the start of 2023, I'd say by now you'll be lucky if they have as much a $4m left. Then factor in wages and legal costs up to an RTO or change of use, they will easily burn another 0.5 to 1M so Nav is nearer to 0.22p per share and falling as they burn more cash through this year.
In my view anyone that sold above 0.25p did well.
You couldn't make up something funnier than this:-
"an RTO Identification Plan was crafted by the Board in Q1 2022 to enable us to get a head start on the process."
What was it crafted from the stuff that comes from the rear end of Bulls?
18 Months and nothing but hot air - Just as well they had that amazing head start :)
We are making every effort to kick this down the road for as long as we can get away with, so we can keep drawing our salaries and expenses for as long as possible.
Same old same old AMC RNS - Why do something now that you can put off for as long as you can get away with it!
Next RNS probably won't arrive until just before the October AGM when there will be another carrot to keep them in power and riding the AMC gravy train.
"So we get a RNS in the morning stating a tripartite fuel agreement between ourselves, She’ll and aMSC and your advice is sell"
IT'S NOT ADVICE - only my view and for those that bought at 1-1.4 (as I did and was transparent about it) it will be a 100% profit - which I've done several times with QED, how much profit have you made?
If it gets there I suspect there will be strong resistance and RSI is now very overbought. 2.5 to 2.6 would be a good time to sell half for all those that bought on the 1 - 1.4 range.
https://invst.ly/10ikqm
Sudenza : who stated they had bought at £1.64 and then told me:
"Buddy, nahh...this will rise , just profit taking..holiday spending surging..good opportunity for me to trade it...again! results soon though and with the revenue coming in this will beat! DYOR."
SP is now £1.56 is it still going to rise - or fall to close the GAPS?
Chart posted 17th May:-
https://invst.ly/103j1i
Dropped a bit further than I thought but the chart over last week or so is my arrow (which i haven't moved) perfectly:-
https://invst.ly/10gp87
May get to around 2.6p quite quickly but watch the RSI it's getting vry high.
My take is we're at a bit of a crossroads, I've been waiting for either the GAPS to close or the long term downward channel to be broken, to double up :-
Still got those GAPS to close. £1.43 and £1.37 and the bottom of 3 month rising channel is £1.58 if this fails the GAPS may get closed.
OR
Top of long term (2 year) falling channel is £1.64 (not quite broken through this yet if it does then the GAPS may get left open for some time.
TDT, That's been happening every time the bid moves above 0.25 - gets sold into, I've managed to sell some at over 0.27 since the divi, best day was when that big order was in the background.
Have been thinking about what happens next.
Directors can still draw salaries when a company is suspended but I'm not sure if they are still bound by AIM rules to continue with AGM's etc. Either way I guess the penalty for not holding an AGM would be suspension/delisting.
RY & Board will personally be better off to just let AMC drift into suspension and then be delisted. They've had their divi and the salaries they will get until next March (6 months to find an RTO plus 6 months suspension from completion) will be far greater than their share of what's left in the pot.
I bet the costs involved in the sale, finding new bankers, lawyers, advisers, commissions etc have taken far more than is reasonable. Add the BOD's Salaries and expenses, i'd be surprised if there isn't much more than £4M left in the kitty which is why the current Mcap is circa £3.4M
Another option is to re-list as an investment company with a load of wild promises that would get voted through and keep their gravy train rolling even longer.
Will be good if they prove me wrong and do something interesting, we'll see!
They need shareholder approval for either an RTO or becoming and investment Co.
Will have to get a wiggle on for an RTO, circa 11 weeks till the deadline, they will need to organise an EGM to get it voted through and that's assuming it gets passed.
"Any one know what's driving the price up at the moment?"
Now we're no longer DMA traded the MM's probably, because they are either trying to fill a buy order, or stock up for an RNS.
Personally have been dumping each time the bid goes 0.25 or above. still got quite a few to go as there is a bit of momentum may even get to sell some at 0.35 if I'm lucky but my aim is to exit AMC completely. Have made a lot of money here and don't see this going anywhere now. My view is RY will milk it till the end, palm the shell off at the last minute (like everything else he's done) and then retire.
There are much better shares to trade now than the AMC shell.
Be careful, those Equity 'financers' have best part of 24M shares to shift, I would suggest most of the large trades since 5th may are these being matched to the retail buyers. It's how AIM works.
Follow the chart, there's a lot of resistance at 7.25p which may be the top of the sellers bandwidth.
I wonder if people are so in love with the AMC story, they re-invest their dividend cash in AMC shares and buy Loads?
Or
Those that don't understand how dividends work have held off selling until they get the cash and will dump tomorrow?