Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Definitely glad I am treating this as a binary, I can sit and hold. That said I have had worst peaks and troughs this year elsewhere that were not meant to be high risk :D. Still think there is a VERY small chance they are keeping the price low (possible leaks, lack of PR, dry RNS). Rathlin need to actually find the goods regardless.
I'll sit and wait, See what happens. Come on Reabold, 'You can Doo iT' :D.
We're still trading under May 2019 price bonkers, last dinky 2k top up. This time round we own more of Rathlin, 2 drills, and have a better understanding of the geology.
For me it is a punt. Upside looks amazing, the downside ... pretty dire. At least there is a second drill. I just cant see the income streams yet ..... But if they get a strike LTH for me (with the obvious chunky top slice).
And the doors are blown off, on the same day PCR gets a 600k a day PR piece on mega labs. to top it off LAMP and mink test out of the blue, this company is ahead every time :O If this gets duplicated worldwide ... okay that's my ramp done, but damn.
73% of my portfolio in in NCYT, gonna need a bigger boat.
Just another shuffling deck chairs day. This is just LHT de-risking / hoping to grab a multibagger. Back to waiting for confirmation (hopefully this will not go onto the end of year results lol). I can afford to wait.
That is the risk of investing as a PI Sharebel, it could be someone else, split between many, or all up for grabs. Its all down to research, probabilities, Novacyt has money in the bank, and sprinkle of hope. I am happy with my decision with the information that is available. It helps my shelter is paid for and I do not have to work full-time TBH. If I have learned anything, nothing is certain otherwise a lot more people would be rich.
2nd time today google trade price lands perfectly on 0%. It amazes me that the government has officially turned to testing as a solution to fire break the virus (regardless of how many firms they make use of) and there is a damp squib. Just move half of my 2.5% sell, back into NCYT. Every time I try and take profit something mad turns up.
Weirdly, a lockdown will take some pressure off the testing system and give it time to expand. I was hoping everything would have been in place by now, but if they can get it up and running in a month I'll tip my hat. I would be chuffed if the testing is in place along with a low infection base.
That's me back in the saddle. Took advantge of another shares drop and sold up for a few days. I won and bought back in, more than my original holding in September. The thing is I have not sold all out since the 120p days. So my mind must have switched to this holding being a risky binary which is a shame. Hopefully we will get some idea of what is going on and a solid road map. On the plus side it is great price, if you understand the potential.