Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So after this mornings rise to 4.9 the SP pulled back to just 4.5 which looks to have given us a new higher low as the sellers dry up and the SP begins to move higher again.
At time of writing L2 is looking quite good, it would not take much buying pressure at all to get the SP to 5.0, will be interesting to see how many more sells there are when it happens or if it breaks through.
A great start to the day and week.
As been easy to sell and hard to buy (in quantity with my broker) this morning, always a good sign of a rise to come.
Currently got a few sellers at the 4.7/4.8 range but there seems to be a lot less selling this time. With less sellers its very possible that the next move to 5.0 could see it break through and move onwards.
IMHO/DYOR
You started early today Chaebol.
First post at 06.11 and 15 more before 09.30, you could be on to beat your own daily ARB posting record if you keep it up.
Just for variety though could you maybe mix it up a little, maybe not just keep repeating the same things multiple times per day every day.
I’m not a LTH, I trade this and read the board every day, I don’t filter people as other people views can be insightful, however your posts are just so repetitive.
I purchased the bulk of my holding at 2.8 but also purchased more last week at 4.1 and 3.9 when I took profits from elsewhere. I considered this a good price at the time and am quite certain I will make a handsome return on it.
The move up to 4.85 was due to large buying pressure, millions of shares were purchased last week taking it up. The drop this morning (so far) is from less than £20K worth of sales vs £7K buys.
Most private investors do not sell at loss so I do not see the majority of those purchasing last week in the low, mid and high 4s selling until they are in good profit.
As many people have said the SP moves fast, very fast both up and down. It will take little buying pressure to move the SP back up which in turn will bring more buys as FOMO kicks in, news is coming and there is potentially lots of it, this pullback is healthy and represents an excellent opportunity.
I am already fully loaded for the percentage of my PF that I allow per share, however, I will (and have) increase with profits made elsewhere.
Just my thoughts and the way I see it, always do your own research.
A disappointing pullback for sure especially after so much strong buying at the 4.2 level morning, however, a great opportunity to get in or get more if you have the funds available.
Very tempted to purchase more under 4.0 but I already have plenty so going to hold off, if it goes back to the placing 3.5 I will purchased another million but I very much doubt it will go that low.
IMHO/DYOR
Morning all
Took some profit elsewhere this morning and did a £16K top up here first thing.
For anyone interested L2 order book looking strong now with just one MM left 4.2 and then its a jump to 4.4 and 4.5
Tick up coming soon
IMHO/DYOR
The rise in the share price has started earlier this year than it as for the last few, this will have caught many off guard who will have no choice but to pay a higher price now if they want it for the bigger rise to come.
The difference this year is that we already have a proven FLOW TESTED oil strike; we also have the all important exploitation licence so that we can get the stuff out the ground and sell it and we are funded for further drilling.
Once we have the drill contact for this year sorted the SP is going higher, then we have spud news, drill results, possible JV news. All this and the company market cap is currently less than 40 million.
For me this is the most undervalued oiler on the market.
IMHO/DYOR
@The_Chuz
When it gets to the point that you no longer believe in the business model and you do not see how it is going to get you a return on your investment then it’s time to move on, unless you are a slave to FOMO.
Just the way I see things, good luck whatever you do.
Nice trade Splatted, well done.
Personally, I always prefer to hear of people making money (that’s what we all do it for) when they play the game of share trading rather than listing to people moan about losses.
Merry Christmas
Good afternoon to anyone reading.
Well 2021 is coming to a close and it’s been a great year for investing/trading in Argo.
Those that believed and saw the potential had the opportunity to purchase at just 10 pence a share in December 2020 and were richly rewarded.
Those that missed the mega rise have had arguably the best trading share on the U.K market ever since it topped out.
I’m going to spend the next few weeks enjoying the festivities with friends and family (while I still have them and them me, lost a couple of very close family this year) and will be Looking forward to doing it all over again with Argo in 2022.
To those that celebrate it... merry Christmas all.
Afternoon all
I once commented on this board that Bitcoin and Argo was the easiest money I had ever made in over 30 years of trading, and it has been.
However, bloody hell this is frustrating!
I clearly understand the fundamentals, the dilution, the long term plan, market forces, sentiment, etc. I get it all.
However, bloody hell this is frustrating!
The biggest problem I see that we have now is that LSE buyers are just too concerned about the Nasdaq guys selling into any rise on the LSE market, until Nasdaq has 3/4 days pushing the SP up and not down then we are going nowhere regardless of what the Bitcoin price does.
Just my thoughts DYOR.
Evening all
Now that all the fund raising is out the way I got back into Matad today, purchased in several batches to get the holding I require for now.
Last year the price dropped into the low 2s for a while but at that point Matad had zero money and no EL and a couple of people spreading FUD by repeatedly posting on this board that the EL would probably never get issued.
Now Matad as the EL and funds to start production plus further drilling and the SP was this morning just at 2.8 to buy, it seemed like good time to start buying to me.
Yes, we are going to have to wait until next year before things start to get really exciting again, however, this time we now know with certainty that drilling and production are going to happen.
2022 is going to be Petro Matad’s year.
IMHO/DYOR