Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
definitely still time. on RNS this will fly.
traders gotta trade. i hope they are getting it right. zoom out on the chart and look where we are after 2 days. this is a good position right now. holding for longer than 2 minutes will pay dividends. the company is doing very well trying to sort themselves out.
agreed. no one on the LSE CINE discussion board is influencing the market price of CINE. people on this chat do not have piggy banks big enough. but more eyes on the stock does mean more volatility. i think people needs chill out over the minute by minute ups and down. take a position and hold on. MTRO and GLEN 'might' get you 5%.... this could leap another 50%. potential RNS drops plus other news or films landing. i wouldnt want to be out of CINE right now.
well, with the new of 1bn funding its not going back to 2p.
people were saying the same thing yesterday at 4p... it dipped to near 3p but hit 9p at this peak. theres a lot to coming here. strap in.
fully agree. 8:30/9am period where traders exited but paid the price later in the day. what a mistaka to maka. the fact that its already tested 9p is a great sign. anyone getting in on 7s will be delighted.
kaboom... out of auction 8.78p. its not even 8:30am i tell you now, anything below 10p is going do very well.
at this rate we will be at 14p within an hour
jesus this is going apoplectic
i said yesterday at 4p that it was now or never for this one on the day... i could have left at 8p but I'm holding for real gold. i honestly think that time has come again today. now or never.
probably the best time to re-enter today. 8/8:30... with news of yesterday gaining traction this could jump again.
now or never if people want in.
Hey I agree with you there, this share made a nasty divot in my portfolio. No one should take advice from me or anyone on these boards. Do what’s right for yourself. Jan 26th was f***ing bleak on the announcement of 19-1 dilution and CFO chucking it. I came back in after at 3 and sold at 6 this morning. I’m normally wrong with amigo so it no doubt be double digits next week. Good luck to all invested.
I would absolutely love it to... but why would it? today was the day, if it didn't pop on this news then it never will. i got out first thing and I'm happy I did as it never fully recovered. history shows this share pops on news then drifts downward to the next. I was never going to participate in the share dilution and if your not going out on good news then literally what is the point in staying. The sentiment with investors just isn't there, if it was today would have been very different. Anyone still in or new investors to amigo will have balls of steel as they are condemning themselves to reinvest at the dilution of 19-1 to keep their value. My problem with that is that needs to be 100% successful for everyone to hold their value and I just don't see that happening. If the share price tanks to the offering price then that might be the right time to re-enter. As for traders? i don't know how you make money on this with such a large spread. GLA
laregy00 i think you're right. this really is the only way to go when you think about it. currently you just have private investors who are so annoyed they just want to get their money back and they cant get their money back with just PIs alone, the SP will never get to 15p because anything close to 10p people will be selling out and there is no one buying above that level without a fundamental change in the companies situation. if PIs vote the RI down then the SP basically goes to zero and if they vote for it they are signing away their current holdings value but the company survives and over time the value will increase. the offering to shareholders will have to be a very generous one to get more PIs to part with even more money in this extremely risky company. Even then they are still asking a lot for the PIs to take up all of their rights and for this to be a successful RI, if they don't and the rights get sold to the market then the SP will go down to the offering price (probs very low). At this stage it would be a great time for new investors (PIs/IIs) to pick up extremely cheap shares with almost all the big risk behind them. Like you suggested though what they could do, pre-RI vote, is to get IIs onboard to push through the vote, but what II would be prepared to take that hit? surely that would require some serious greasing to get them onboard pre-RI. All that being said, Remember, the FCA has to approve Amigo to return to lending before the RI can happen (because why would you part with more money if there is still a chance of it not returning to lending?) this fundamental change to the company's situation dictates everything. and yes at this stage the SP will go up!
i think it was already priced in. the court case was always going this way with the FCA not opposing, that's why when you look at the chart the highest recent price was the announcement of them not opposing, after that everything is a full gone conclusion and Mr Market knows it. the spikes are simply traders exiting, Mr Market can continue to have a large spread because this company is so news reliant, but the intrinsic value of amigo continues to increase. i also think a lot of the dilution sentiment is now priced in. The more good news amigo receives and more news traction it gets will help the SP. This will now seem a lot less of a gamble to the public. once the relending approval comes in from the FCA then we could see new institutional investors step back in, they will then want mega discounts on RI offerings etc. they may even force a change to the current RI terms.
This is how MMs make money. volume is low and this share is so susceptible to news that a close spread is no good to them. this way it will deter short term traders as they will then need a significant push for them to make money and not worthwhile to dip in and out of the stock.
if you cant deal with the volatility associated with amigo i suggest you dump the stock and get out while you can as this wont end well for you. If you have the stomach to hold on until May then you should do alright.
pls shut up. you are talking out of your arse. who cares if it goes down to 3p in 2 weeks, it could go down to sub 1p... but it could easily be at 10p. 'going south and may not come back'??? total nonsense.... creditors vote will return a positive outcome. unfortunately for amigo creditors most cannot afford to vote for a wind down scheme, if they could then they wouldn't be taking out loans in the first place, they need all the money they can get. 42p scheme will be passed then on to the court in May.... the SP may head down in the meantime but i think if it hits 3p or lower then i will be buying the lot as on the run up to the court this will rocket.
yeh but i'd love an official RNS to say they're not coming. that puts the argument to bed. then its a case of agreeing dilution, the quicker that happens the quicker amigo can pay creditors and return to lending and as long theres no more hiccups then the company should do well... especially in this climate