Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’ve not once said critical comment unacceptable? Purely think it’s illogical to remain in a share when you have such negativity regarding managements ability to turn the SP around.
I understand I’m new to the share, I’ve got a much more palatable average price. But that’s because I’d be long gone if I was nursing the losses you guys are due to my personal investing criteria. Staying invested and bleating unhappiness doesn’t help anyone. This is a great opportunity for me personally, tremendous upside for the limited risk that remains after the slide LTH have experienced.
I would suggest you may be best off selling up, taking the hit and trying again elsewhere. If you’ve got no belief in the management or their ability to turn the SP around then why would you stay and hold?
A politely worded email to PR may help? Might draft one later just to enquire whether they’re working on it. Somewhere in the back of my mind tells me this has already been brought up in a Q&A.
I for one am very excited. Believe we have a hugely undervalued stock here and look forward to the market catching up. If you look at the trades the sells area only sub £500 - PI’s running scared and selling at a loss.
My original post was meant to stimulate some positivity. After all, if you’re not positive about your investment here, then why use precious time on the BB, that could be used to research a better suited investment.
I admit I’m by no means a LTH in Echo yet but plan to be. Been following the share for a short while before the debt restructure and I’m more than happy with my investment. I wholly understand for true LTH that this share has been much more challenging than I have found it to be.
Im unsure why you’re surprised of my use of EQ, certainly meaning emotional quotient. Another way I thought of phrasing it, would be to borrow a Harry Potter quote, ‘just because you have the emotional range of a teaspoon’ - certainly fits the bill when it comes to some of the users replies.
ATB. Good times ahead.
Helpful as always Ranger - EQ of an 11 year old
It’s not uncommon, for stocks with strong potential to go unnoticed and unloved in the market. It doesn’t take much to understand just how irrational the markets are, with many stocks being highly over valued, and many being highly undervalued.
Unfortunately the Lombard Odier Short killed momentum on this share, but that doesn’t stop there being great potential here. With the debt rearranged, shut in wells coming online, and other potential projects on the horizon, it’s understandably frustrating watching this share slide. But hey, that happens. We’ve all seen how quickly things can turn around on AIM.
I’m looking forward to the H1 results come September.
Better still, top slice your initial stake and enjoy the free ride. I entered a few months ago at 0.1 and sold 2/3 of my initial investment worth. Fully expect this to rise in the future based on actual events but making the most of this Reddit based rocket.
I'm confused, you're implying the RNS is bad? Shocking attempt a deramp, low life.
When does RTO have to be completed by?
Price consolidating and shares falling into sticky hands every day with the likes of John and Ash hoovering them up. Setting a base for a very healthy rise.
Of all the assets that POW currently have project wise I truly believe PJ is the greatest asset of them all. Look at how he's turned the company around in the last few years and building POW into a multi-asset business. A little patience and trust is all that's needed.
GLA. JT.
One of the early TR1 holders of RDGC too..
Even more worrying is the way he ends the article... "However, I’d be very cautious with investing any more than I could afford to lose."
Is that not investing rule 1? Never invest more than you can afford to lose? MF flip flop from article to article based on market sentiment and second hand opinions. Nice to see this is a positive one for a change though. ATB.
Dean, I'm glad to see you have a strong strategy and you're sticking to it. That was my initial gripe with the original poster, who seemed completely rudderless although I shouldn't judge so harshly.
I am keen however to hear what deadline has been missed? Is this a deadline set by the company or is this your own deadline set by impatience to see out the results that are due imminently?
AS Perhaps I was a little bullish in my first post and perhaps I didn't explain the strategy that seems most logical to me in the best manner. The way I view these exploration companies is that it's expected that their price will fluctuate based on sentiment until results are posted. As you say you should understand the risk-reward situation. Initially I think it's wise to invest a portion of what you're willing to risk, whilst keeping the rest of the pot to then invest should the price go down, i.e. averaging down. I also have nothing against cutting and bailing should new information be made available that changes the outlook on the company. i.e. new warrants issued below price, poor results etc. but when there is no news apart from new acquisitions and the unlocking of further value, and waiting until 30% down to cut and run, well that's non sensical to me.
Which projects are you guys most excited about? The nickel results at Haneti? Nickel/Platinum results from Molopo? Perhaps further initial results from the copper project in Botswana? So much going on for POW.
Personally I'm intrigued as to how the Australian project will play out as well as seeing how the summer starts to describe the newly purchased Canadian projects. ATB.
Dean I appreciate your views. My I ask though, with you're logic against averaging down and classing it as "silly" in mind, do you believe holding an initial investment in this company as "silly". If you believe it's silly to average down you also imply it's silly to hold or invest. With that inference my I ask why you're on this BB at all? To let others know they are silly for being here?
Cu is still up 30% in the last month.