Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Indeed. If memory serves correct, even larger inside buys by one or more of the 4D Directors. Look what happened there.
Remind me, how many shares has the CEO bought here?
Regardless, watching with a degree of morbid curiosity to see how this plays out.
Clear expectations for what the ultimate conclusion is going to be of course, but maybe this time it will be different?
I can only imagine that is the basis for anyone taking a punt here right now. Like an unhealthy gambling habit, lol. Your money, your choice of course.
You said a very similar thing back in early April, when the SP was 1.85p.
Maybe this time will be different, eh?
I suspect a few of us have our doubts, based on the history here.
But of course, that is what makes a market.
Not really. Just one of many (most?) examples of where a buy and hold strategy in the stock market does not work very well, IMO.
Certainly insofar as recent times anyway.
Plenty of opportunities to trade/top slice in this one since then. Not to mention solid dividends too.
Anyway, you are still above the 200 DMA, so might have a nice little swing trade opportunity soon.
Whether it remains above the 200 in the weeks ahead, is the big question in my mind.
That tempting dividend might do the trick, although IMO a potential trap too.
But with a long term investment horizon in mind and as part of a diversified p/f, I would not be overly worried if I was a holder here, FWIW and of course, only IMO. GLA.
Not really much of a surprise IMO. I remain bullish on this name and its ability to weather the storm, but I have been surprised at how well the SP has held up since the last update.
Far too frothy at this level, in the circumstances, IMO.
Hence my being out for a little while now.
Watching to see if I get a chance to return, but am not going to jump in at any price. If it remains too expensive (to my mind) then I will remain on the sidelines. GLA.
And no thanking her for her time in the role etc, as often happens in these announcements. Perhaps a case of good riddance?
Naturally, now just hoping that there is nothing to worry about. However, the new appointments look solid to my mind and fingers crossed the update is one that does not scare the horses.
Just holding, but not adding further at this stage. Hoping to regret not loading the boat at these prices though! GLA.
Agree. If Jose had taken a big chunk of shares, IMO that would likely have had a much more positive impact on sentiment here.
The chart has turned bearish again and from a TA perspective, could do with finishing above the 50 DMA today, IMO.
Short interest remains stubbornly high, too.
Against that, those substantial Barker purchases and the most recent Frasers RNS with yet another increase in stake.
This one continues to captivate my attention, although still on the sidelines for now. GLA.
None at all are, to my knowledge, neon. That is why I said I was disappointed that it has not happened, given everything that has gone on here.
I think that there have simply been too many unusual happenings here, not just the recent misleading information concerning those prescription numbers, which in itself was very serious, and IMO warranted regulatory scrutiny for that alone. Especially as the BOD have not followed up with their allegations against that third party, which they should have notified the market of by now.
As someone who has lost money here, but who gave the company the support and benefit of the doubt for quite some time, the lack of any update since the last RNS is the cherry on top really.
But not investment advice of course. Draw your own conclusions from all the previous RNS material and interviews, the fund raises, some of the historic share price movements just before certain events and where the company now sits, as far as we are currently aware. Perhaps you will draw a different conclusion. GLA anyway. Except the BOD.
Neon: in all probability, this is not in the hands of the shareholders anymore. Well, only one shareholder's hands, realistically, perhaps. IMO.
Amazed it has not been suspended and quite frankly disappointed that we have not been notified that they are under investigation, which IMO they absolutely should be.
Disregard for shareholders since the last update, on a scale that is as bad as I can remember. And that is saying something for AIM.
I hope they do not get another raise away to be honest. They have already drained far too much money in wages and other benefits for complete failure.
Unfortunately, they have probably earned enough here to no longer need to rely on future employment. I would not go near any listed outfit that took them on in future anyway.
But sunk cost fallacy is a strong emotion, so I am sure I will not get any of my desires here. GLA while we wait to see what new delights they have lined up for shareholders.
Prestige, eh? Yeah...let's go with 'more prestige'.
I reiterate my opinion, which I first aired here some time ago now, that the people of Malawi will be better served with a relationship with the west, than with the alternative.
But I believe we can thank Obama for one particular piece of legislation (which we essentially copied, naturally) that has IMO almost certainly played a role in some of these more recent developments.
Hey ho. Good to see the SP looking less sickly, but still a long way from celebratory levels. GLA.
Yeah, but that is a good example of how wildly optimistic/bonkers and frothy the US markets are right now.
Loads just the same as that ticker, so not commenting on that one in particular. Many are riding on the coat tails of hopium. Mag 7 cannot keep the whole thing up for ever, IMO.
Sooner or later, the old maxim of revenue being vanity and profit being sanity, will apply once again in America.
Not that I am not also pretty scathing of many UK CEOs to be clear.
Far too many are over-remunerated, mediocre low achievers who fail to innovate, as well as even fail to take good financial custodianship over the entities that they have been entrusted with. So fail on both fronts!
At the time of print, I think the BOD here do not sit within that basket (although I do not want to see any further oversights like the one that allowed me to buy in here in the first place, lol).
I am also open-minded to the bear arguments of the recently announced acquisition.
I think it will be a success - but by no means am I taking that to the bank. Macros cannot be discarded, especially the geopolitical stuff.
Anyway, I do not see a clear trade here right now. Any technical traders about?
I am pondering that 117p level, but feel that it is a coin toss whether (if we get there again) it holds this time, or becomes resistance.
Not bothered either way for the current investment pot, but very bothered, as far as a potential trade goes :)
JG: Given the stress this one has caused you - and not investment advice of course, your money your choice etc - but in your shoes I would perhaps think about letting go of those 54's you added yesterday, when (hopefully when, of course!) we return to 67p ish territory. Nice little profit and a slight re-balance of the p/f in that scenario.
Of course, that does risk sacrificing some of the upside, but it might be worth at least having a target exit price in mind for at least some of your total holding, IMO.
Anyway, I hope you do not mind my interjection. It is only made with good intentions.
Hopefully we have another positive day here. GLA.
No Ashton. I was merely observing the other posters' point.
The important thing is that, as you have acknowledged with that link, talk is cheap here and positive outcomes for non-employee shareholders currently stands at zero.
And furthermore, I take it that the last RNS gives you no cause for concern. OK then.
I have seen the most recent RNS. Which lacks any explanation for the change of direction over the number of assets that are apparently now up for sale (I guess this could change again at the drop of a hat).
How credible the potential buyer is that they mentioned to you, well, time will tell.
I have heard that one before in other outfits many, many times and of course here in the past too. Especially in relation to Dundas. Years have since past and quite frankly, it remains a complete shambles, IMO.
There is simply a lack of track record at delivering....well, anything, for ordinary shareholders here.
More importantly, did that last RNS strike you as remotely credible, Ashton?
Anyway, I see I am going round in circles here. Good luck to you and everyone else too. No more from me until the next RNS here.
It is the stupid censor thing here. It was not a rude word - think of a male hen for the censored part of the word. Meaning confident in an excessive or arrogant way.
I actually wrote a detailed rebuttal to all your points, but we are getting into derail territory, so for the benefit of other posters here, I deleted it.
In brief, let us agree to disagree. Where we share the same goal, is to see this company do well and with it a SP materially higher than today. GLA.
Thanks, CC. Glad that someone else spotted this too. It was clearly outlined in one of the earlier market updates, so I was not trying to spread mischief. I guess there has been a flurry of new RNS's, so it can be easy to forget.
IMO if they are no longer looking to sell all non-disko assets, then this is a change of strategy and they should provide reasons for this, to my mind.
I also think that with each passing RNS, they look more desperate and the business an ever weaker investment case.
But to each their own opinion of course.
hmmm, i am long here and have faith in the management too, but i would not be quite so ****sure in your multiple economic predictions, megla.
interest rates starting to fall this year i could well see, although whether that is due to inflation being back to an average of 2%, remains to be seen (clue - no chance). more likely for reasons of panic, imo.
i would support tax cuts to be clear, but cannot see it happening any time soon, here or across the pond.
us is doing well in comparison to the uk and eu, but have you drilled down into their jobs data?
multiple door dash type gig work does not replace a single high paying tech job for example. and plenty more lay offs in the pipeline, wait and see.
lots of big us company earnings coming up very soon. see how they look.
Ah, many a time I have missed a boat with setting a buy order too low. Especially frustrating when it is only by the very smallest of margins!
To dwell on such things is a path to madness though....so don't :)
IMO, buying now is fine, if you have confidence in the direction of travel (pun intended).
I tend to try and be laser focused on prices when trading, and a bit more relaxed (lax perhaps) when the horizon is for the long term investment pot.
Given my investment pot holding is underwater here, perhaps the LTH purchasing strategy I have is best ignored though, lol.