Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You just need to make the call early, get ahead of the pack and not get greedy like I did. I tried to wait for a 0.45 sale and then couldn't get quoted on HL due to market volatility.
It doesn't take a crystal ball. It is the exact same pattern as the last spike. Good news raises the SP and warrants exercised reduce it in short order thereafter.
If it gets to high 30s or low 40s you know for a fact that the warrant overhang will drag it back down. You might potentially get it wrong and the news will outsell the overhang but that is why you keep an eye of the numbers.
I guarantee you in a few days you will have RNS declaring warranta exercised at 0.2.
I will admit I saw this movement a mile off. I tried to sell at 0.44 to buy back in around here to increase my stake but I couldn't get quoted.
I know it is trite and cliche BUT the MMs and well connected money really are taking people for a ride on this stock.
The spread on this stock is atrocious. I know it is cliche, but the MMs really are playing games with this one. I am in plenty of other junior miners and explorers in AIM and the spread on those stocks are consistently half of BZT.
It is quite hard to tell, because they won't be shifting if the SP is below 0.2p. I think we will probably need more positive news to boost the SP and clear the warrant overhang before we see a shift back to the 0.3 range.
Ofc, good news will probably clear that overhang in very short order - after which the SP will fly. I intend to top up with GWMO today in preparation.
Yeah, I have been struggling today, I really wanted to get in on the 0.25 ask.
As I said earlier, this is the clear resistance between the push of warrants and the pull of investors. Also, who knows what the MMs are doing behind the scenes...
This is not a worry. We all know what's going on, there are still around 190M warrants to be churned through, you will see this SP undulation until they are gone; it will climb to low 0.3's and then tank to around 0.25 at which point the buys will outweigh the warrants being exercised.
This really isn't a problem in the long term, in fact, its just a delay to the SP rising which is making the company better funded. They can easily operate into H2 next year once these warrants are gone.
Steady the anxiety and sit tight, I am buying in a further million today while we are at the 'bottom' of the pattern.
Still hoping they will release RNS this morning. I have confidence in the share but I think general sentiment is waning amongst the flood of warrants and tardiness to the timeframe suggested in the presentation.
Its got to be this week or we will bust the 0.2 resistance point. I guess it will be another opportunity to top up though...
This prediction is very much in line with my original outlook and strategy. I thought that 1p around the turn of the New Year would have been approximately right and in line with the company's presentation.
I am beginning to think I may be slightly ahead of the drag curve though as I have also consistently predicted RNS about 1-2 weeks early each time - the are certainly not rushing!
Past that, the test will be breaking the resistance in the 1-2p range which I think will only be achieved by GWMO converting their early profits effectively into setting up larger scale operations. That or a JV...
Market makers can see stop loss orders in place. However, as said below, you don't need to know about where they exist, if you can artificially push the SP down you can guarantee you will activate some and cause a snowball effect.
What the hell is going on here?! I was up massively about 2 hours ago and now I am negative...
I think it is natural to see a slight drop off, lower volume traded etc. as I think people were probably expecting RNS last week. That's fine, I am still confident that RNS will be released in the first half of this month containing information that will make the SP fly.
See this as an opportunity to get in on some cheaper shares, I would have loved to get in with some extra at 0.25/26 last week but I couldn't get any.
I am sure the MMs will be happy to receive any shares being held by the weaker hands though.
Yeah, I got sucked into the bull trap big time, I was anticipating this to get to 0.18 SP on that RNS and consolidate there. I did not expect it to return to pre-RNS levels - in fairness, I still don't, I expect it to pick up nocely next week. That being said, there was some filthy play by the MMs here today.
Confident holding long though, I just bought at the wrong time.
Yeah, it was a definite trap. It won't matter for anyone going long on the prospects but there is no doubt in my mind the MMs took retail for a ride today.
This spread is gigantic. Surely no one will sell that low after RNS? If that is the case then it suggest the MMs are not trying to recoup shares for large orders at a low SP.
I think this share has good potential but its sure playing like a bull trap right now.
Holding.
The MMs are playing hard here, I couldn't get an order in for less than 0.165 on a fill or kill at opening.
This will lush back to 0.15 today but it will consolidate higher over the next few days after the MMs have creamed their cut.
We are seeing a pattern of the big buys that would usually ramp a stock coming in delayed, after hours. This coupled with an artificially reduced SP by MMs...
You watch, it will boost high tomorrow morning and dip again throughout the day. Then there will be a huge day on Friday to close the week.
There are some real dirty tricks being played from the MMs... manipulating this stock straight out of the small man's pocket.
Never apply a stop loss to a small stock with great upside. They will eat your lunch.
I hope you are holding a short position.
I expected the morning dip, maybe slightly shallower but expected nonetheless. The second persistent dip seems odd, I thought we would be looking equal for the day overall - maybe up a little with a strong afternoon... the volume is still high compared to average so it's a weird one, my guess is a mix of profit taking and market maker manipulation.
Steady at 0.285 is still very nice ofc, just might need some positive RNS to bust through the resistance. I do think we are v. Undervalued atm in comparison to similar stocks though, so no real explanation.