George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
stephen11 - In answer to your question, I'm currently in the following mining stocks RMM, SOLG, KOD, ALBA, JAY, GGP, EUA, BMN, SML, SAV. A few of those are under 1p per share if that's your criteria. I'm in non-mining stocks and about 13 different investment trusts too, for good portfolio balance. No cross-ramp intended, DYOR!
Degsie - John Meyer is a very knowledgeable guy and I have followed his recommendations for a while. I have 10 different junior mining stocks in my portfolio at present, including KOD, partly because John mentioned it a while ago in an interview as one to watch. I listen to the Vox Markets podcast almost every day in the week and John is usually on it once a week talking to Justin Waite. When he was on this week, he definitely said that he had bought some KOD shares the day before, as the prospects were looking more favourable than ever. He didn't provide any more detail than that really.
Folio - Thanks for flagging up. Considerably more interesting/significant from my point of view, is the fact that on the 17th, Eurasia Retweeted content originating from ACF. Now I don't think they would do that unless they were happy with other aspects of ACF's work, including their most recent valuation of up to 75p per share (which excluded the value of Rosgeo JV). A good sign - rums all round!
Stevie - Fortunately, the market doesn't seem to agree that this RNS is bad news, we're in positive territory again. We seem to be in an upward trend again, which is good and justified in my view. The fact that a major shareholder has managed to dump 2% of the free float and the share price has continued to rise should be seen as a positive. It can only mean there is good demand for stock. Can't help but think that if there hadn't been this big background seller, the SP would probably have made more progress than where it is now.
You make a valid point Bobzrig. However, if I were Dmitry, I think I would be fairly careful to make sure that the originator wasn't a total fantasist before I Retweeted any of their content - reputations and all that. Wouldn't you?
Link to the Retweet is www.twitter.com/em_investor
You can check out the full report at www.powerof78.com
Just checked Dmitry's account (twitter/EM_investor) and notice that he's Retweeted two items in the last few hours including one originally posted by GMF78 and one posted by MuesliBrown. First time he's Retweeted any of their content I believe. Perhaps an indication that he considers their content/figures to be fairly credible/close to the mark?
....whether or not Fidelity actually hold EUA stock in any of their funds? And if so, which funds specifically? The only reason I ask, is that the BOD have mentioned a number of times that they are pleased to note that Fidelity have invested in EUA stock. I am a Fidelity customer and have a fairly chunky holding in EUA. As Fidelity hold the shares on my behalf as nominee, it will be them that appear in the shareholder register rather than me. I imagine that quite a few other EUA shareholders are also Fidelity customers and that their shares will be held in a nominee account too. Between us, that could account for quite a few million shares held in Fidelity's name. It just crosses my mind that these are perhaps the shares that the BOD keep referring to, rather than Fidelity actively investing in the stock.
Hi trading4good. I think you've 100% hit the nail on the head with your assessment there. There can be no other reason. I don't think they'll be able to play their games for much longer though. We know that there WILL be an RNS in the next week and that will have to come with some form of update, so not long to wait now.
Haven't you got a cryptic crossword to get back to Philipsj?
after hours today to confirm admission and settlement of the placing shares. Expect we'll get one tomorrow instead, unless of course there's been a delay for some reason.........
I hold JAY in my portfolio with Fidelity. I hold several junior mining stocks with them, but there are a few others I would have liked to open positions on which they simply don't seem to have access to unfortunately. I think it simply boils down to the particular broker your platform uses and whether or not they deal in the particular stock you're looking for. Fidelity seem to have access to all the main listed stocks you'd ever want, but with AIM it is hit and miss. For info, if it's of interest, I am currently holding all of the following through Fidelity EUA, GGP, JAY, ALBA, RMM, SOLG, SML, KOD, SAV, BMN.
Thanks for all your replies, comments and views on my original post. Maybe I'm right, maybe I'm wrong. Despite the allegation, I'm not a deramper, I'm a genuine investor through and through. Feel free to have a look through my posting history, you'll soon see. We've witnessed a steady and continual slide in the share price since the high in the middle of February. The share price currently sits at less than half the high. And that was before Elon Musk pulled his latest stunt! Where's the share price going to be in another 3 months? If the same rate of decline persists, 60 pence perhaps? I'll review again in another 3 months and if I'm wrong, I'll gladly hold my hands up and admit it, whilst chomping on a big slice of humble pie.
I was just wondering to myself why we had a RNS from BlackRock today when the FSP ended yesterday, as there would be no need for them to declare now would there? I can only assume that it was because they report the business day after and the actual transaction being reported took place on 12 May, when we were still in the FSP. If so, this should be the last from them. Anyone else got a view?
I didn't say that Argo weren't 'green' miners by comparison to others. I just feel the whole concept has been tarnished.
this is a busted flush now and will just continue on a downward trajectory until it crashes and burns. Partly thanks to Mr Musk, the world is likely to shun Bitcoin from now on. The energy intense nature of mining has been highlighted, so it's just not going to be fashionable to be associated with mining, using, owning or talking about it. It's tarnished, as it just doesn't fit with the 'green recovery' agenda, which is truly gathering momentum globally now. Wish I could be more positive, but I just can't see a positive future for cryptocurrency now. Blockchain technology for other purposes yes, but for crypto, no.
FireAnt - Thanks for the PERE tip, I'll run my ruler over the fundamentals when I've got a minute. Some posters really object to people 'cross-ramping' as they call it, between boards. Personally, I don't have too much of a problem with it as long as it's interspersed with some general chat about the stock for which the board is intended, and I'll tell you for why.
I've been investing in the markets as one of my hobbies since 1997, when I turned 18. I was originally inspired when between 1995-1997, immediately after starting work and straight out of school, my employer sent me to college on a day-release course in Business & Finance. Some of the lecturers also had 'real' jobs and by total luck, one of them also happened to be a stock broker. It didn't escape my teenage attention that this lecturer was different! He wore a sharp suit rather than the usual baggy jumper and drove a shiny new Jag XJ6, when other lecturers were driving a Sierra or a Cavalier. With much thanks to this man, I wasted no time in finding out what the stock market was all about and as soon as I was old enough to get a PEP (which later became the ISA for those not old enough to remember) I was getting involved.
Over the 24 year period I've been a PI, I confess I've not always called it right and have had some failures as you would expect. Fortunately, I've also had a number of success stories and these have always outweighed the failures. But, by a country mile, my biggest success story of all has been EUA. It has been genuinely life changing for me already, to the extent that it put me in the position that I was able to retire from the day job last Christmas at the age of 41. This one stock has probably brought forward my retirement by at least a decade. And I believe it still has legs from here, as we are still awaiting the outcome of the FSP, which is why I've kept 3/4 of my original holding invested. Why am I telling you my life history you ask? Well, because I only became aware of the life changing stock that is EUA because of a so called cross-ramp by someone else on a different board. I followed up the tip with some thorough research into the fundamentals of the company and felt comfortable enough to stake approximately 20% of the value of my portfolio on it back in 2019. So, to those that seem to object to all forms of cross-ramping, to the extent that on some boards they chastise anyone who dares try it..............I say, don't be so quick to complain, it changed my life, it might just change yours some day too. And I probably owe someone a drink or two as well, if only I could remember who it was that originally tipped it!
Isomer - Good luck with your strategy then. Yes, today has been volatile across the board really but at least LSEG held firm into the close! Seems to be some resistance at this level.
Isomer - I've seen you on the EUA board too I believe - you must be a shrewd individual! I don't know when you got into EUA, but having been in since the 2p days I top-sliced at 34p. I walked away with 3 times my original investment and am still holding 3/4 of my original and fairly significant stake on a free ride. When the FSP concludes (if it ever does!) I certainly intend to have another substantial top up here if we're still down at this sort of level.