Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My observations on the last 3 results day is that it moves fast, and moves early, whichever way it is going to go. It usually moves big too. I'm out for this one but if it looks like it's going up first thing I'll be back in. If it dips I'll be glad I'm already out and will be thinking about where to come back in. Not a day to leave it until midday to check, IMO.
I've had enough of this slide. Have sold at a pretty much 50% loss, and am wishing I had bailed much sooner. Will be watching closely over this week and looking to at least buy back more shares that I sold. Can't see this going up fast between now and results day and catching me out too badly, but it's a risk I'm prepared to take.
Same here pretty much. It's stabilised a bit in the last hour, but it could go either way this afternoon (or stay the same - there's some insight for you). I think I'm waiting a bit. But I might jump if it starts to move upwards and try to steal a few p. Can't tell the future sadly. Don't think it's looking like a proper bounce, a protracted slow slide seems just as likely.
This is what happened the update before last - mediocre news/not what the market was hoping for and a plummet in share price that seemed was on excess of what was warranted.
I was once bitten by that, snd nearly sold up before the last update. Luckily I didn't because the opposite occurred (again on really not very much of true substance from what I can tell - a bit of slightly good news and up it went). That's why this time I was watching like a hawk and as soon as the dive started, I bailed (temporarily). This is what you can expect from this share, time is proving again and again. I can't see it stabilising any time soon - people want it to, and there are signs that maybe it should, but I appreciate that everyone knows what this share is like by now and is ready to either bail out or jump on the bandwagon at the slightest sign of movement in one direction or the other.
@ Dave, I did also say I bought back in.
But then I decided to sell up again, which I've done, and I'm now holding right to see how low this will go. 35p at time of print and I don't think it's finished dropping yet.
Regardless of the medium to long term prognosis (which I agree is good, which is why I'm here), if you agree is still heading down then loss or not you're better off selling up and buying back in lower. It's risky, it solidifies a loss if it suddenly jumps. But I wonder how many long term holders who played it what they thought was safe, now wish they had sold up Monday morning at 42p and were able to buy back in right now.
But none of our crystal balls are any better than each others' so you pays your money and takes your chance.
I'm certainly not berating either the share, the company, or any holders, with the objective of pushing the share price down (to think a comment from me or anyone else on here could influence the share price is ridiculous). Just sharing my thoughts, which is all I interpreted Aim to be doing - if others with more of a relationship with Aim feel differently then fair enough.
Whether people have stayed in, or sold up pending buying back in, I do hope that (once I'm back in) the share price embarks on a nice long steady line upwards, to all our benefit.
Golden question now though, if the one in the title of the thread! I'm getting towards the point of coming back in now I think. Maybe not quite yet though...
@ Dave I respect everyone's opinions, except those going round calling people rampers/derampers/clueless/desperate/disruptive or whatever. Yesterday he posted some pretty reasonable thoughts on why we were seeing what we were seeing and got attacked for it. By someone who had calmly reassured everyone that they were very happy with the performance and a rerate was imminent! No-one batted an eye at that, despite it really being at best very optimistic, at worst completely deluded.
Same thing today - he points out that you can't rely on broker targets because they are a movable feast and set for a year from now (which seems a valid response) and he gets called desperate for it. What's going on?
I don't see the problem with varying your opinion. I have been fighting this share for years and have gone from being massively optimistic, to massively annoyed, through massively disillusioned, to where I sit now which is pretty much completely bemused by it all. God alone knows where this share is going, I'm just here for the peaks and troughs!
Not sure it's either realistic or desirable to think we would get everyone thinking the same thing. I like reading alternative perspectives (not they will necessarily make any difference whatsoever to what I do - which is a great thing because if I added shares every time this place said "strap in for the moon" I'd be broke).
@Dave I've been here long enough to see people with negative sentiment run out of town like the Wild West by people who only want to predict a good future and paint the picture we all want to see.
I would expect his views to be positive when he's in, and negative when he's out, because that would mean the sentiment he's expressing on the board matches with those he is employing in his investment decision making.
Clearly it's a hard time for long term investors in this share, who have all had illusions of 70p by Xmas (or whatever) shattered by realty (again). There is room for sentiment of all angles to my mind, the more different views and perspectives I can get, the better (to my mind). I'll separate the credible from the non on my own. Don't want half the board silenced (or ridiculed) to satisfy (a vocal minority) of the other half, that's not the sensible way forward.
Lol I think it's clear that those broker projections are about as reliable as those coming from boards such as this, whether one relies on the other or they are completely independent. The one thing we should all know by now of that this is not the sort of share you can read the future on. None of us can say with any degree of confidence whether in 6 months time we'll be at 30p, 40p, or 50p! To my mind any prediction outside of that range I would consider to be unlikely. But my crystal ball is no better that theirs, so who knows?
Er no Dave, he's saying what he sees, and he is as entitled to his view as anyone (free from hassle and ridicule from a hard for who only want to hear positive words). The share price shows what all the positive sentiment on here is worth. Diddly squat.
Aim is right (again) - these target prices are not any sort of guarantee, they are arbitrary and subject to arbitrary change (as we see here).
Well I hope this is the floor for now, so I'm back in (with now c10% more shares than I started the day with). A quick bounce would be nice but I'm not banking on it!
I am working this on the long term but it can be a thankless one if you reply purely on long term share price growth.
Sorry but I disagree. The day means nothing. The massive price fluctuations mean there is close attention on this. The landscape in a material sense is no different to any of the last few updates. The difference between this time and last time is that these results are worse than the market was hoping for. Last time they were better than feared. The time before they were worse than expected and it did what it is doing today (and took a long time to recover IIRC).
I don't have a crystal ball but I'd be surprised to see this bounce back to nearly 50p any time soon.
Well most of the board seem to not only advocate holding, but actively attack anyone that dares to express negative sentiment. It's so unbalanced, this place NEEDS the alternative perspective and today shows why.
I don't need anyone to tell me about this share, I've held it since May 2018 at £1.73 a share and it's taken years of day trading and averaging down to turn this into anything close to breaking even. If I had a share for every post from well respected so-called gurus on this board, saying the turnaround was coming, Jon Lewis is doing a great job. Any day now, just one more set of results, etc etc etc it would have been a much easier ride.
I hope this continues to drop whilst I'm out (sorry to all holders), and I'll buy back in at the bottom again. Then maybe when it recovers I'll turn green on it.
@aimmaster, good on you for calling it as it is, and ignoring the ridiculous rantings of the few who just don't want to hear it. Report you to the admin lolololol. They should have been listening to you and selling up - regardless of the rights or wrongs of it, market sentiment in the light of this update is clear. I nearly sold up last week at 47, made a mistake thinking this update would go down alright. Bailed instead at 42 which took me below profit. Looks a lot better than 38p (and still dropping fast) though.
I bought back in at sub 44 so sitting tight now I think for the next couple of weeks (unless we hit 50 in a hurry (in which case I think I'll sell up and buy in the dip that will inevitably happen between now and next news). Got to day trade a little to grab those small couple of extra percents, to make this share any fun.
Seen this all before - inexplicable slow downward trend. My stop loss was set to 45p & after reconsidering yesterday I decided to keep it there because I set it for a reason. So I'm now out, for the first time since £2 a share. If it drops below 40p I might come back in. If not then I've at least averaged down, and day traded, and made a small profit overall even having been through a catastrophic 90% odd loss on my initial investment. I'm sure I'll come back in at some point, hopefully at sub 35p.
Actually, checking back my first shares in this were bought at £1.73 on 5/2/18. Then topped up in the rights issue in 2020.
20p was a long way down from there. Wasn't sure piling in a load more good money after the bad was the right call, but we shall see.