Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Doc, Firstly, I would like to apologise for my not responding to you previously, it was rude and aloof of me. Ok, yes it is nice to see some blue for sure. The reason it is peculiar is because I have been watching the bid/ask like a hawk and can say, without any doubt, that all the trades are reported correctly as sells. So, the bid should be cascading downwards but is doing the opposite and rising. Why the Mm's would raise the sp in response to selling is open to speculation..
else watching this today? Strange sp movement to say the least..
Indeed..follow the money Hh100. The SP has recently exceeded the original fundraising price of 20p, paid almost four years ago by the major shareholders. They have now had the opportunity to recoup those funds, but indications are, that they have shunned the opportunity. When one scratches beneath the surface of ACO, it is a classic case of "wheels within wheels" and I have no doubt that the major shareholders will vote in favour of all resolutions at the AGM. I have been analysing the previous withdrawn Gulf Energy acquisition, it's assets, the machinations of share for share consideration takeovers and the information released to date and, to say the least, I am very comfortable holding..dyor.
Was watching aero this morning...mm's opened it a bit high really. Goes to show though, if your not in when news drops then you can miss the boat. I'm just going to sit tight and wait this out...shouldn't be long now in any case.
Nice one...I'm still expecting any RTO/acquisition news to be announced in conjunction with a suspension of trading as before with Gulf. At that point, no amount of ramping or deramping is going to change the outcome. You will either have a seat at the table or you won't...simples
I know toa...couldn't be bothered to argue. Work ok?
Just as well there were a few sellers as that chunky£20k would have taken forever to fill. It took the mm's 2 hours to rustle up a meagre 100k shares as it was. Then a £10k buy hot on it's heels... Wouldn't like to bet against a blue finish..
May not be the sexiest share around but they have delivered the goods..looks well undervalued in light of todays results...
Thanks Oao1, I will give that some thought...
anyone have access to level 2 who could tell me how many and who the Mm's are here please?
What happened with Batm Oao1 please?
Hh100 has just put some interesting posts on ADVFN if you didn't already know and yes..20p is correct.
trying to decide on a strategy for early next week. I like this share...a lot. I think the upside here is substantially better than many of the slow movers in my pf, most of which are showing losses awaiting that key announcement. Sorely tempted to chuck the lot in here... 55% gain here would drag all my losers in to the blue..
After reading the resolutions in the last Rns, I think it's a non starter now... having said that NHO have to find something by 2nd week of Oct or risk being delisted, so the timeline still works...
you think anyone reads this board, trades?, because if the participation on this board is a barometer of awareness of ACO...then we are further under the radar than I thought, which makes the coming days and weeks even more exciting..
Acorn Growth Plc...what a great name, conjures up thoughts and imagery of giant oaks. I've noticed on a few of the Rns's, Tony Brennan thanks the other Directors (Charles and Brent) for their continued "commitment to the cause" which I find an intriquing expression. Sounds almost like this is a philanthropic undertaking which would explain their wanting the very best outcome. Anyway, all the ingredients here for a very rewarding investment...gla
Mondsy will be very interesting...the mm's are in a bit of a fix here, I think the lack of shares must be quite unusual, however as their name inplies mm's are obliged to make a market. As I understand it, they are allowed to sell stock they do not have and book balancing occurs at times when selling outweighs buying. Volume on Friday was heavy for this stock but not heavy relative to other main listings and if some serious money wants in and sellers don't emerge then we could see some real fireworks...exciting times.
Yeah, good day and good commentary tradesonaim. A couple of holders I know who were in from 8-9p have top-sliced at 18p...so a few sellers there, but all good. The beauty is, that this was so off the radar that there are very few holders prior to today. So most will be looking for 24p ish before selling half for a free ride and the majority will hold out for the big reveal as it is so close anyway. Haven't checked mcap yet...must be about 2.3m I guess...peanuts. Will try and post some research at the weekend to help out those sitting on the fence..gla
buy... negotiated trades via phone only with Share centre. Mm's struggling to provide liquidity already..
busier..7 trades (all buys), not so long ago 5-6 trades a month was the norm. Mm's will have to be a little careful here with only 7.5m freefloat.