Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Quite a lot transferred over last night for PIs so many more able to sell this morning but they're not we're seeing buying. Looking very strong at the moment.
I see a steady rise up to activity early next year. Massive resource.
All we saw this morning so far was those who bought in at 2.84 profit taking and those then that got worried and panic sold.
Don't lose sight of the fundamentals here. Don't let others fool you into thinking this will drop to below 3p. It might, but the longer term prospect won't make any difference whether you buy in now or risk waiting for a drop.
It could quite easily go the other way up and it looks like one which could move very fast. Good luck all.
Remember no share goes up in a straight line. Plenty of activity to look forward to from Q1 in 2021.
See a big sell posted from a couple of days ago now showing. Explains the slight drop. Held up pretty well. Shows the continued interest. If there's a background seller, once cleared, hopefully see some movement north.
2.84 is certainly the price they're converting AOGL at and the price they've let large investors in at which we know was oversubscribed.
There must be a reason why large investors are willing to get in. I feel 2.84 won't be the open price imo.
You will notice that people will use deramping subjects which people will then reply to so it looks like things aren't great here. It's a tactic to spread fear. Possibly some ulterior motive, possibly wanting people to sell to lower the price. This is what you need to beware of not this share!
What you have to ask yourself is how much you believe this H1 is worth once it has a listing. Maybe currently £6m for the purpose of this transaction, but I would imagine a lot more on listing.
I've been here since NCT days. I take it that other long term holders may not have had the fortune to average down or not wished to and probably rightly so given the way things have played out. I have averaged down at every opportunity including the new lows, simply because I believe the current board are incredibly capable and there is now nothing left of the NCT/MYN charade. I'm not saying it's a sure fire winner from now but the board are really trying to make something happen for all parties. I greet the news today with open arms and when we unsuspend I imagine the sp will be a lot higher given what looks to be on the cards. Whether any rise will be sustainable is another thing but there will be plenty wanting to get in here.
I don't think we have to worry about the sincerity of the current board as we did in the past which puts us in a good position to recoup and in some cases make profit.
I don't think Charlie's wages are the only plus, he's actually had no wage for 3 months. Whether he has been running the show, which he hasn't, or just back office, the perception of him has been negative for most current shareholders and perspective ones. His track record here and elsewhere does not look good. Whether his actions are intentional or not, we have all worked with or for or had workers who no matter hard they try struggle and will always be painted in the same light. He has been the focal point of the company for too long. We now have two credible and capable people running the show as well as the others on board.
I've stayed fairly quiet on the CW front, but for me best news we've had all year! Company had their reasons for keeping him in on for the last 12 months. We can now move on from the CW saga and focus on moving forward.
That is some patience, I look in from time to time. Always seemed to have such potential and I liked the business model, but never went anywhere, that's life on AIM all over though!
I remember you Tully from CRV. Sadly not invested there anymore, was for a long time but other opportunities came up, including this. Although its been a rocky road to where we are now, which many believe will be the start of something big given the current mcap.
Interesting RNS today, feel there be more to this visit than we know now, so interesting times ahead.
Couldn't agree more. This news shows they can deliver on what they say they are as per previous RNS. That is important in itself to build confidence which this company very much needs. The tide very much feels like it's about to turn. If they carry on in this way then the current price will be an absolute steal.
It's hard to think all this effort has been put in to go nowhere. Although I take the point over the last 3 years we've had so many false starts. All looks good only for everything to come falling down. PA really needs to keep a close eye and involved at every step if he is to deliver what appears to be his intention. Leaving others at the helm is asking for trouble. Although I am glad to see the Attis guys involved which should mean things gwt done. It could be an absolute steal at this price, but we'll wait and see as usual...
Interesting that our two new holders hold more in Mayan than their own company...
Both from Keras.
So PQE at $1 is worth about 600k to MYN? What do we think is realistically achievable by PQE??
Don't get me wrong, I do believe we've turned a corner mainly because Attis are now involved and Mayan Chairman seems on top of things. However if you look at the RNS from todays date this time last year, it all looked great too! I am an optimist but you can fully see why the sp is going nowhere currently and many remain sceptical.