Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
that we still have sellers despite low mcap and several news due imminently.
so, CF has sold their stakes, however, most of these were bought by MM.
MM will be selling this with small profits.so, expect any rises in SP will be sold by MM (as anything above 4p is profit for them).
so, expect a couple of weeks overhang imho
will be jumping back to INFA soon
large buy soaking up the placing overhang. these large buyers will be looking at least 2p for their exit.
news coming soon imho.
time to buy and wait... wont be long now
CF wont be able to sell more (if they havent sold all theirs) once this is under administration as administrator will take control of the fund and find another fund manager to take stakes in RBD from them.
sp should start to recover next week
once DFS news coming, sp will be 3p plus at least imho
CF has been selling this since Jan and I expect last week was the last lots they wanted to sell and hence sp drift rapidly on friday as they were selling all remaining.
so, I am expecting sp to recover back to 3p next week.
note:
either CF has completely sold out all their holdings, or due to large size, they may have sold some/half of it, while the rest will be for administrator to find a buyer to buy the rest of holdings from CF
its just policy for trading halt, before announcing any target , it doesnt mean they have hit oil
remember RMP trading halt when they were drilling in Puntland, only later on to be a duster?
so, its 50/50 from here
its just policy for trading halt, before announcing any target , it doesnt mean they have hit oil
remember RMP trading halt when they were drilling in Puntland, only later on to be a duster?
so, its 50/50 from here
my target is 2p within 2 weeks. then hopefully 3p-4p by end of the month.
after all, we have several milestone news, not just one
it was just a generic statement- if anything, they will ask for exclusive agreement first. so i dont expect any farm out to be finalised before any exclusive agreement in place.
despite good news so far.
we need volume to break 1.5p
people sold as they are moving to other shares that can move up quickly very soon.
WDC this week.
soon will be either INFA or WSBN,
then perhaps will be for OEX