Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Further to what I said this morning I've just looked at the EUZ technical chart. There's no apparent reason for the drop so curious... Go back to July 20. The low was 5.60, then it took a dip 16/7/20 down to 4.4p. Started the uptick then 22nd to spike 27th - 29th up to 20p and brief spike to 30p. Similar pattern in March 9.06p low dropping to just over 8p followed by a spike to 16p. I know it should be about asset value, company performance, supply and demand, but this is the stock market, and AIM at that. I recall one spike was down to some confusion on the JSE. I'm not saying it will happen, I'm saying it happens after it hits a new low, which it has today. Lets see in the next 2 weeks. Have a good weekend everyone. The last holiday before Christmas!!!
Yes there are people here Bob, somewhat despondent maybe but anything to do with mining and oil is taking a beating. Well, looking at the markets, most things are taking a beating. Interesting times ahead
That depends on who your broker is and what fees you are charged. Go with such as HL or AJB and pay between £5.95 - £11.95 per trade and they won't lend your shares. But trade with Tradex/Spreadex etc and that's how they make their money.
Here's hoping, it seems that they are so far down the line it would be great to get it before the proverbial hits the fan. I have no idea how to post links, but another interesting article I got from Hargreaves Lansdowne is "Zombie companies". Well worth a read. I know the smart people put their money into commodities etc when the market is bad, but not everyone. I really do see EUZ doing ok with this - especially if they do get the grants. Private investors are now looking for safer places to put their money, all of a sudden AIM doesn't feel that risky after all. Looking forward to the RNS :-)
Yes, I'm shoring up but I'm not brave enough to hit it big time. I did more observing than trading on previous dips, but what i did notice (and I'm still researching) is that anything to do with mining/metals/exploration seemed to be ok. I couldn't day trade all of my pension so that gets tucked away somewhere safe (or as safe as can be). I'd bought the 2 aforementioned stocks on very lows so was happy to keep them there for the long term (along with my EUZ), but I don't feel comfortable with them there for now. Frustratingly I'm not getting any idea on timeframes. I've noticed lately that on down days instead of the markets been down 0.2% it's more like 1.5% falls. The US markets have fallen for 4 consecutive days now and the price of gold is back on the rise. But next week it might all change again. The fact that Burry has come out of his cave to issue the warnings this week and Buffett is also mirroring his concerns makes me believe this is real. As for what happens with EUZ, I really do think it will be ok. As I said earlier if funding becomes an issue (it will be no fault of the BOD) and they need cash to carry on, a share issue will be better news, in my eyes than a loan. I know people get upset when there's a fundraise (and I am no way saying that there will be one, I have no contact with EUZ direct), but for the longer term it will be the best option. That's me been selfish, but I'm here for the end game and I'm not bothered about a 20% loss or profit in the meantime.
I'm not sure if you guys have been keeping up with the financial news this week but it's well worth googling Michael Burry and Warren Buffett and having a read. They're predicting a stock market crash - soon. I've spent the best part of 2 days researching/learning and I don't expect the likes of EUZ to take "much of" a hit. It's the main markets that get hammered. In fact on the contrary I need to put some money somewhere and I already sold out 2 on Friday that I think will take a hit (IAG and BUR). I suspect if a financial crisis is going to affect EUZ in any way it may just be in the form of funding been delayed. I have noticed that the UK gov have been selling off a lot of it's debt this last couple of weeks. Personally I won't have a problem if EUZ chose to raise more cash through another share issue. That may seem like an odd thing to say but those interest rates will have to go up at some point so I'm looking for companies that aren't carrying too much in borrowings, again read the warnings these 2 guys give on debt. Watch the crypto currencies too, be careful with those. I recommend you watch the leaderboards, see how much the other stocks are down by, then a quick check in back here and be happy with the 9p - 11p we have.
Absolutely no idea but the fact that MMs will take the shares is cause for optimism. I've been trying to sell another share for the last 3 days and there's no takers.
Well the 2m one in red is my buy. It's only £400, definitely worth a punt. I can sell them all back too. I did suspect that MMs pushed up the SP so they could clear some of their holdings but it seems not. BTW offering 0.018 on BID
Hi Milnrow. HL are ok. I love the web site and the tools they give you to research etc and the watchlists I find helpful, but their IT is pretty shocking. Again today, for about 3 hours we weren't getting live prices, that happens a lot, sometimes on everything, sometimes just on some of my stocks. I only really notice when one is on the risers board, then check on my account to see the value, to find I'm still at yesterdays price. Have to go through the messing about of getting a quote. I've only once had a trading issue and they did compensate me for that. I'm not up for trying these spreadbetting ones. I'm too simple a person and I don't trust them. All my money / pension is been held in here and I know they use HSBC in the background, I need to feel as safe as can be. I've considered opening up a trading account with AJ Bell just to see if their IT is anymore reliable, I'm not sure if having 3 accounts will be a bit much to be looking at though (SIPP and F&S with HL). If they don't improve on their live feeds though soon I think I'll have to look to move, at least the trading side
I can't believe I just did that. I topped up £500 just so a trade would go through and please grappa! Seen it's not on here so checked and it's gone through Aquis. 8 trades on there today and I got them for 10.95 each. I'm with HL so don't have a say which exchange they use
Ha ha. I actually tried it twice in Royal Mails hours of needs. Almost killed me. I stand in admiration to all the posties out there. They work hard :-)
I have to agree here with Geng. Frustrating as it is, and I can't offer a technical explanation why, but he's (she's) absolutely right. You might not ever get to your £3.00, but buy at the bottom (I'm looking at about 8.50 to buy back in) then sell when it goes up. Trade the stock and take the profits, that way you can recover (at least some of) your losses from your initial buy. I was underwater with many in my naivety a couple of years ago but with most have now managed to trade my way back to profit. It's not right, it's not fair, but it's how it is and if you are here to make money you need to go with the flow. Good luck
What an excellent idea. In fact I'll pledge 10% of ALL my profits to the horse rescue sanctuary at the end of my road. Local volunteers do the work. The family that own it aren't drawing a 6 figure salary to work 2 days a week (they live on site) and it isn't an expensive W1 address. Good day to think of that I'm in OEX and ECHO so at the end of April they'll be getting the first of regular monthly donations :-)
ISA please completely ignore that disgusting comment. The man clearly has either social or mental issues. What you have done today, I find, rather overwhelming. I've been reading boards on LSE for 3 years now and never have I seen anyone give as much as you have today. You are an absolutely amazing, generous, decent person. I wish you all the best in everything you do.