Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
What is happening with the allocation of trades ? All my buys today showing as sells. You only have to look at the trade price to see that they are wrongly allocated. A joke !!
Ive really put my neck on the line now, having bought in my wife's ISA account another £ 20,000 of shares this morning. Christ alone knows what earache I will be getting over the next few days/weeks if this has even another slight fall from her buy price of 26.9p. She's been sitting on this ISA money since April and getting sod all in her cash account. Come on news about the rutile deposit !!!!
Not sure how but managed to get another 50,000 shares at 26.89p today on a price limit order of 27.25p. I’m now holding over 311,000 shares currently at a small loss of around £2000 cumulative. My largest shareholding in my portfolio so am super confident going forward and just using short term variations in price to load up. Not expecting to sell anytime soon.
With all today’s trades showing as sells I had been expecting another small pull back to a 27p buy price but nothing as yet. As I said I’m pumped and primed for at least another 50k shares but carefully monitoring the daily market flow.
Oh and my share trade did show up as a buy at 0955.10 this morning at 27.95p. This time managed to get the deal in one lot via Hargreaves and Lansdown
As I said in an earlier post I thought there would be a pull back in price to below 30p so I had a limit order for 50000 shares at 28p which was triggered this morning, taking my holdings up over £71K at the current sell price. I might well buy another lot if the price falls further which, with absence of news, seems highly likely. For those of a more delicate disposition about these short term variations in price, I say only that I have complete confidence in this company. I feel like it should now be on the radar of the mining giants eg Glencore or Anglo American for a complete buy out.
Looking at the myriad of trades this morning for "sales" of 58 to 63 shares at a time (and there were hundreds within minutes of each other), you can but only conclude this was a blatant shorter attempt to drive the price down. Early success is now proving a bit more difficult to maintain as the price claws back. Coincidentally this is just a few days before results to be announced.
STT1 and his mates perhaps ?????
Dickie3times :- For your interest I currently have a stock holding of 211,125 shares at an average cost of 27.64p with the latest purchase at 21.68p. I am holding the £ 50K in my Hargreaves account until such time as the price drops again (which it has done since my posting last week predicting a pull back). I can easily see this dropping again to my average price over the next week or so, so will hold fire for a while. But I'll be sure to keep you informed of when I place some buy orders.
Im sure others have faced the same problem when trying to place any deal via Hargreaves and Lansdown for over £10000 in this share. They just can't get a deal through in one go so end up having to slice deal in tranches of 20,000 shares at a time (and paying them £ 11.95 per bloody trade in the meantime). Oh and the reason I had the money in the first place was because I sold my Mallorca house and its just dead money sitting in a UK bank account. Oh and my inside leg measurement is 31".
Not bragging nor wishing the share price to fall. Just a very experienced investor and reading between the lines as to when to invest more. Think your reply a little petulant. As stated often I am expecting to be a long term investor in this company but that doesn’t blind one as to when and what to invest to get the greatest return.
My earlier posting which suggested that there could well be a pull back this week was based on a number of things, most important of which was the significant failure to hold the 34p level on the day the intra-day price reached this. And one has to bear in mind that the placing was at 24p so there was an inbuilt price at which investors will have considered. So far my instincts are proving correct with today's pull back. With the feasibility study results now expected to conclude in first quarter 2022 that leaves a huge gap to fill with news about the rutile deposits etc. So I am expecting the price to drift back soon to or below the 28p buy level. I'm holding back my £50K at least for a few weeks to see how this goes. So far my confidence in this stock has been well rewarded and I continue to see massive upside.
What is a farm out ?? Im glad to say that my persistence with this stock has resulted in a significant profit already but I intend to try to get another £ 50K in next week. I think there will be a slight pull back Monday or Tuesday (note the Listing price 24P) so I will try to get in again below 30p. Im holding this for at least 2 years so can afford to wait on my already £ 49K holding.
Just bought another £10K at 21.69p taking my holding up to over £50K which is currently in massive loss having added during the 29p, 28p, 26p etc eras. Cant understand this constant selling bringing the price down to almost a 6 month low. I just hope and pray my confidence in this stock is not misplaced and I can see through the no news horizon to the sunny days when they announce the actual start of concentrate mining at Songwe.
I just don't get what's happening with this share. Total absence of news re potential starting date for the concentrator plant in Malawi, no news about whether funding may be required for the Poland metal processing plant. On the day I first bought at 26.5p (following a mention in a Sunday Times article about rare earth metals) there was no news yet the share price shot up to 34.5p on that same day. Ever since its been like a slow death by a thousand cuts, day after day of 0.25p to 1.75p falls, and every day the "sells" by far surpassing any "buys" (if you believe the LSE trades). I'm still a strong believer in this share, to the tune of over £ 41000 stake built up, but this continuous drip drip without any news is sooooooo frustrating. I can just hope that the third quarter brings something positive.
Having had time to digest what happened Friday, I must now reflect that the stop loss triggered at 738p (having paid 730p) is a positive thing as I can now buy back in at a much lower price around 650p. Im forgetting the days loss of around £14K in my ISA holdings because I didn't have any stop loss on these but am massively in profit anyway, and I still have all my shareholding to watch it rise back up.
That is now the 64K question - Whether to buy back in early Monday or wait another day to see how the US will react. Sure it pulled back from lows of just over US$ 16 to finish at US$ 17.90 but looks still volatile. BUT I'm still confident that the next T/U or 2nd quarter results will be excellent but is that already built into the price at current mid 600's level.
With the Nasdaq listing already showing a substantial fall to around US$ 17.60 and a falling market in America I am expecting further falls in UK price come Monday. So in some ways my stop loss has turned out great despite my ISA getting a tanking. I still hope for a better price with the next trading update.
Finally managed to get 4 x separate lots of 30,000 shares each, all under the 29.2 price but still Hargreaves can’t get a trade through for a further 30000 shares. Seems I have to call to get a quote nowadays. And I see my 30,000 lots show as a sell !
Funny thing I also had a stop loss triggered this morning with another of my long term holdings Tremor Intn,l. The price had been hovering around 780 to 810p for weeks and I had a stop loss of 740, to be sure that I wasn’t losing. The price has subsequently dropped to around 640p so this one worked out unlike the MKA one.
Good luck to all.
The ADS pricing at US$ 19.00 per ADS represents US$ 9.50 per share. At today's exchange rate this equates to about £ 6.80 per share. But the AIM price is still around £ 7.22 as I write so does this indicate further to fall today ? I was slightly miffed this morning when a stop loss I had set was triggered at £ 7.38 early on then I saw the price recover to around £ 7.80 since when its drifted down.Ive still got a bagful of Tremor in my ISA but the stop loss sold me out of everything in my fund account albeit with a small profit. But I'm now wondering with this new ADS price falling so short of my expectation, whether to just hold fire on getting back in.
Lucky you muchbox54. Having loaded up to around £39000 in this stock, I had a stop loss triggered yesterday at 28.0p so the whole lot was sold. Then when I tried to buy back in at a buy price of 29.0p all my attempts via Hargreaves and Lansdown were unsuccessful as the website claimed it couldn't get a live price. Various attempts at different quantities with limit buy price of 29.0 p also failed so I am well and truly ***ked. Who would have thought that this would drop to a 28p sell price just a week ago ?? Taught me a lesson on stop loss prices. I will bet the house that this goes up today by a similar amount it fell yesterday. Bugger !!!
Oh I see now that the “public offering” will be by means of a prospectus and that the offer price not yet fixed. I guess today’s price hike is a reflection of expectation for a strike price higher than the AIM market price and a good reception to that price. I see they also have an option to list a further 1 million + ADS’S if the initial offering gets taken up entirely. Happy days yet again ( but not for STTI)
Forgive my ignorance but is there an actual price for the ADS offering and if so where/when will I find it ??