Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I’m not worried to be honest. The current price is only marginally above the placing price of 0.385 (I believe - correct me if I’m wrong). The placing gives much needed liquidity to actually make use of the assets found in the ground - useless unless you can afford to get them out. Yesterday’s RNS was confirmation there is in fact gold. I’m astonished the price reached highs of 0.58+ on speculation and optimism. But yet, 0.4 on confirmed gold before the assay results are even out on the bulk. But nevertheless I see this following a pattern akin (though diminished by comparison) to Greatland Gold. I’m quite happy with my 0.4p average and despite a small show of red just now, very much optimistic about the future. Onwards and upwards!
Here we go! Ah, relief. Well, in fact not relief per se, as I had great confidence in Alba and this stock.Gold seemed assured, but boy it’s nice to read it and have it confirmed. Another fantastic RNS and proving Alba is not a one trick pump n dump stock. It sounds like a promising future with plenty of further growth to be had.
It often happens (look at Greatland Gold every time there’s a “fantastic golf find” RNS). It rises on optimism on the lead up to it. In this case I’d say pre-RNS buys were hoping for a gold announcement this month, realising its now a (short-term) but longer wait until the price pops and so they move their money elsewhere to make it big in the meantime. They’ll come back, just not content to leave their money sitting here.
There’s been two (fairly) chunky exercises from non-directors holding options in the last week at 0.32p (not much diluted on where it is now). Why would they do so if the outlook was bleak? I must admit I am of the shared opinion that you wouldn’t also purchase plant and pilot a gold processing programme on the news of no gold. I personally think this will rise again now that we’ve hit a recent resistance level (circa 0.34) and I’m topping up. GLA
Ok, this has become petty. I was defending our position that 40% has been lost out on by someone being derogatory in the first place. The share will need to rise 40% in order to achieve what we once had. Is that sufficient pedantics for you?
Ok fair enough. But I don’t think anyone was ever saying the value of the company had dropped 40%, but instead our take. There was a commenter informing us to go back to school for pointing out that 40% lost.
If you invested £1k in GGP at 10p and it rises to 28p, then you’ve now got £2,800 worth. It drops to 20p and you’ve got £2,000. £800 lost on £2,000 now represents 40%.
Can’t stand the blind ignorance of some on this board. There’s ramping and then there’s just delusion.
Bamps21,
"I don't know why you are all fretting over a little drop"
40% drop since the beginning of the week’s 28p high is not little, it’s catastrophic. Don’t get me wrong, I hold Greatland shares, which I’ve held since a much lower avg price so I’m not just bitter (though I am cursing hindsight that I didn’t sell on the high and re-buy as my instincts were telling me). But this is not a pleasant drop. Good news RNS results don’t normally account for a jump as big as 40% either, so personally I’m sceptical we’ll see 28p again next month either. But long term into next year I feel this will surpass that. So as long as you’re holding it’s not the end of the world, but it is still not to be brushed aside and blindly proclaiming as a small and insignificant drop.
Yes I guess it’s just the recent fluctuation. I was fond of Greatland vs some of the more traditional FTSE/Dow stocks as there seemed a bit of stability in the price at 12p despite turbulence elsewhere and any profit was a good result. The price swings from 15p to 12p are quite significant recently and if it’s hitting 12p again off the back of good news and record gold prices...it is concerning (especially when one set of purchases was north of 14p!).
I agree however, gold is a nice buffer/leverage just now against the other equity stocks and hopefully this maiden resource news does indeed come in Oct/Nov with v.positive results. I will personally be holding until then, but I certainly hope we don’t see any further significant drops in the meantime - it’s on my top losers list today and it’s too depressing!
I’ve been a fan of Greatland and bought in at the start of June just below 12p. Ended up stupidly selling too early on one of the days gold started crashing. Regretted it and wished I had the chance to get back in around my old price.
Waited a while and recently bought in (much higher than before) off the back of some of the ramping on here and personal research. Everyone shouts down those that ask or get disappointed on dropping SP recently. It might not mean much to you when you’re sitting on a healthy profit. But when you’re at a 10% loss and it’s the biggest holding in your portfolio, it stings!
I’m not overly concerned, as I think the SP can only head North based on recent RNS publications. But a day like today makes little sense with Gold reaching new highs again. It is understanding why some get nervous!
Hey, first time posting and took a gamble on Intu yesterday :( Trading212 are still accepting sales - best to do so now!