Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The guy is obviously a heavy-hitter and part of the Zambian business establishment.
Safe to assume he has the ear of the new President, would be my opinion.
He has an impressive resumé - being on the board of Air Liquide is highly significant. That's a EUR70bn market cap company.
Peggy it's not a punt it's a calculated risk, which is true of all investment, whether on AIM or anywhere else.
You know nothing, you add no value and your opinions are a waste of everyone's time.
Go back to knitting outfits for your dollies or whatever it is you know how to do.
I guess the point Riptonk is that all the charts in the world can't predict whether the talks with Anglo are going well or poorly. And that's really the sole driver here until we get some drilling results.
Yes. Everyone is now locked and loaded, waiting for news.
Volume is minimal so anyone wanting to sell will push the price down. By the same token, a decent piece of news will bring a big spike. I always ask myself whether the risk profile is symmetrical. What I like about this situation is that the risk is asymmetrical. In the unlikely event that talks with Anglo fail, there are plenty of other options, so we may dip to 3.5/4.5 but will then bounce back to 5+ as a new plan is deployed. However, if there is any kind of positive outcome from talks, most likely some form of JV, we are all looking at an instant multi-bagger. So I see about 2p of downside from 6p and anywhere north of 15p of upside. Those are attractive odds in my view, given everything else we know.
This is an event-driven trade. And in event-driven trades, asymmetry is key.
Just my opinions. Not to be relied upon.
With respect, saying "I can't sell or I can't buy" is totally meaningless.
There is always a price at which you can buy or sell. Just ask.
Trading colour is always welcome but without price points it's just blather.
Older and wiser I have never assumed the Casa money was coming. Casa was "sold" as part of a tidying exercise because nobody wants assets in the DRC.
As for your emotional ramblings about "trust" unfortunately the sad fact of the matter is that, over time, we will be better served by institutional and cold-headed shareholders who can see through the noise and don't run around with their hair on fire if the narrative shifts, as it will. A falling share price only matters to a forced seller. Happy to take the other side.
There's a lot of woolly, emotional, retail commentary here this morning.
ARCM raised £1.8m at 6.5p yesterday. Those buyers are not full, and they are not stupid.
Those buyers do not care about your emotions but they will use them to buy shares lower.
Current trading is simply the transfer of shares from emotional retail sellers to institutional buyers.
Many of us have been waiting for this for a long time.
I get the frustration but we were at 3.8p on 1 January and have just raised capital at 6.5p on 24 March.
12 weeks, 70% uplift in the SP, tons of optionality, new institutions coming on board. Everybody relax.
Negotiations are ongoing with Anglo and this fundraise needs to be seen in that context.
How many times have you put your best offer on the table at the beginning of a negotiation?
Just my opinions, not to be relied upon.