Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am afraid Hydro this is not "getting ridiculous", it has been ridiculous for many months now, and there is only so much ridiculousness one can stand. I am giving it one final go until after the AGM and then if nothing has improved it will be sale of the whole lot for me. Better a bird in the bush. Pity it's a pigeon and not the expected golden eagle.
Best
Knocky
This has been a good day? It has been the day where I have almost come to the conclusion that it is time to bail out. Just sick and tired of the price dropping continuously and nobody at all can say why.
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Knocky
Panama, yes I agree. But for an institution to take a notifiable, greater than 3%, stake they will need to hold about 120m shares. These could only come from the likes of us selling, and that doesn't seem to be happening much.
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Knocky
The fund raising last week resulted in the issue of 82m new shares. If three or four institutions were involved then they would probably only have received between 15 and 20m shares each. This is less than some private holders here. So I can't see that it really helps to shift the balance of the shareholders from PIs to IIs.
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Knocky
Jerry,
Do you think that the amount of new shares available is enough to interest the institutions. £7m seems very small fry to me and an II getting involved would have very little impact at these levels.
Having had a good moan earlier, I have applied for a million new shares.
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Knocky
MF11,
I understand what you are saying. However, this situation has continued for many, many months now, and when you see the phenomenal paper gains disappearing by the day, it does take my confidence with it. It doesn't help that there has been no definitive explanation for the situation. There are different theories and fall outs on this board every day. Even after all this time, and having read everything and being an experienced AIM investor, I still have no idea if and when, or by how much this share will recover.
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Knocky
Spades,
You have explained it very well, and your position is the same as mine. Where we differ is you say "just sat patiently with our 'Hands under bum' mentality". But I'm afraid I have lost that patience and with it a lot of confidence. If the sp ever does start to rise again, then I will certainly be getting rid of a proportion of my holding.
Best
Knocky
I have checked back on the shareholders’ list compiled by this board a year or so ago. There are a few shareholders there, myself included, who are, over the past ten months, now many millions of pounds down on the December 2020 high.
Some of those shareholders, Jerry, Coach, TomE, Hydro and his mates, Dimvestor and Paddy still post and I assume still have substantial holdings. Others, John678, Spratt, Ramos, OzAu we don’t hear from. How do you all cope with this huge paper loss? It is driving me to an early grave.
Yet another wonderful announcement has been met with indifference by the market. There are now so many opinions and stories of manipulation that I have now no idea what is going on and am really now wondering whether 18-20p will be as good as it gets for some time.
So, I need some form of concrete assurances that the share price will rise and rise soon, although there have been so many of these recently that have failed to materialise. I certainly will not be hanging on forever. Once bitten twice shy, and I will bail out a portion of shares on each rise. Hopefully keeping a few just in case the £1+ boys and girls are correct.
Please, no “if you can’t stand the heat” remarks. At the level I am talking, the heat is tremendous and I am getting so hot it is very uncomfortable.
Longest post I have ever made!
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Knocky
I had a look at Telegram this morning, first time for ages. There were screenshots of GGP shareholders showing GH's new position. Strangely, my name is on the list too, even though my shares are held in a financial institution's SIPP. There are loads of private individuals' names, right down to 4m shares, so several posters here must appear too.
Not sure whether this is worrying or not.
Best
Knocky