The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Howdlep - as I said below a month ago:
"Following the loss of the syndicate we've already seen strong indications that the results will be underwhelming vs. previous updates with regards to turnover, and in the market that the company currently operates there's not a lot they can do to address the wafer-thin margins."
To everyone else with this on a watch list - here's your 1 - 1.2p entry price... if you get in now and you're patient you'll be able to slice these at some point next year for a 30% plus gain - beats having the cash sat in the bank!
In other words, it's a bit of a fallacy to say the price went down 20% but there were more buying than sellers so it should have gone up... people were probably buying yes, but they were probably buying because the price dropped
Unless the number of shares in circulation changes you can only buy one if someone else sells it to you... it's the job of the MM to find the optimum price and spread at which shares are going to change hands - generally speaking the money is made from the spread, so MMs like to generate interest either way
If you mean Zen then in his defense he's been throwing ridiculous SP numbers around for well over a year now - £8, £15, £25... just plucked out of thin air, always with the assertion that partnering news is days away etc.
On the days it's up people will rally and say he's been right all along, but it's all hot air - looking at every RNS through rose-tinted glasses. Certainly don't base any investment decisions on this kind of nonsense, it's dangerous. If you follow through all the assertions he's made in posts over the last 12-18 months then he'd have you believing he owns about 10% of the company by now!
It depends entirely on how you're framing the movement Geordie... it's still up 50% on where it was 6 weeks ago and fundamentally nothing has changed since then... they even issued a speeding ticket to that effect during this rise
'I don't have the time to day trade and chase 2% here and 4% there...'
You're probably in the wrong game I agree - if you were very patient (for an AIM investor) and did nothing except bagging a single 3% gain a month (after fees) per month through trading that's a 43% annualized ROI... good luck getting that from a savings account!
In an ideal world I'd agree with you and be very excited, but I'm less convinced - they've retweeted an analysis that claims there will be a +0.2p upside if the management team are replace. That just smacks to me of them retweeting any positive-sounding posts they are tagged in without actually looking at the detail... which to me is a negative rather than a plus
You should also try and get into the mentality early on of exiting shares when you hit your own targets, and not paying too much attention to people saying that you're mad for walking away... or beating yourself up if you sell and the SP continues to rise. The only certainty is that once you take money off the table it's yours to keep.
It's good advice... don't put all your eggs in one basket - take some of your profits out and spread the risk across a few shares! Between now and when you retire you're not always going to have as much luck, now is the time to start protecting yourself against the bad news by spreading the risk!
What's the obsession with bashing people for doing some actual research on the company and sharing it on the board? I'm only on these boards in order to collect as much information as possible on companies to help inform my investment decisions... I see no benefit to being sat in an echo chamber where everyone just bangs on about how much money they're going to make by Xmas and ignores any information that doesn't play into that narrative.
No company is all good, even the really good ones... ignoring the bad news just diminishes your position and ultimately costs you money. If you disagree with the ROFL's conclusions then please explain why... otherwise, I for one found the post helpful.
Barnetpeter - I don't disagree with your assessment; in the absence of any other meaningful news the SP usually sees a rise ahead of the results (due towards the end of November).
I'd urge caution to anyone looking to get in now though - as you pointed out below the time to do that was a couple of weeks ago at c. 1.2p. Following the loss of the syndicate we've already seen strong indications that the results will be underwhelming vs. previous updates with regards to turnover, and in the market that the company currently operates there's not a lot they can do to address the wafer-thin margins.
One to watch now - give it a few months and this will drop back down closer to a penny... then is the time to stake build - especially given that towards the end of next year we may start to see progress in California, which is the primary value driver here