The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Lamps56 - they would probably respond with more sells. Whichever entity is 'controlling' this SP is better capitalised than your average PI I would have thought. I can see what they are doing here, trapping bulls at the various levels and using sell pressure to encourage selling from trapped bulls above. Selling begets more selling...
Also, according to Simply Wall Street (if it's to be believed) Kamran Sattar still owns 2.15% and Fortune still has over 9m shares himself and circa 8m via VM Investment company. If it's heading for the wall, why would they still be holding, lol - yep, they wouldn't would they, they would have sold out much higher...
Ref the speculation recently, how would Orion benefit from BMN being sold on the cheap / insolvency?
Sounds like a load of BB hot air to me, dreamt up by the trolls whom are desperately trying to get PI's to sell.
I personally think there's a likelihood that a raise at a lower SP might be on the cards. The SP where it is right now seems to suggest the market doesn't believe that the raise at 3p will complete.
IMO if BMN were to due hit the wall it would have not required a replacement CEO.
Anyone else notice the odd looking price spike for China Pentoxide showing on: https://vanadiumprice.com
Has to be wrong, surely..!?
Everyone who bought between 1 and 2p now coming to the realisation that maybe the bottom's not in yet, lol. When the bottom really is in, you wont want to buy it, it's how these things work. All bulls will be bears before things can look up, if they ever do...
Personally I think it's short
Ok Spread betting TR-1 - question is long or short?
I'm happy to wait for the outcome on this one now before placing a trade / topping up. Feel like SP is very slowly being driven down to build fear, yet not too much so as to encourage bulls to step in. Sub 1p I'll deploy, above 1p happy to buy higher, need to decide on a trade plan and stick to it.
I placed the first 2.5k order on yesterday and it’s gone nuts since. Must be FOMO buying, I don’t know anything just thought it looked cheap down there.
If I can sum it up, Pdub demonstrated unwavering conviction in BMN and helped me personally learn what true conviction in investing means. Sure, many of us will agree we feel short term wrong in BMN, but investing with conviction means seeing out the ups and downs in a business. And instead of following share price, following the progress of the business and that's exactly what Pdub did.
This bear market and my investment in BMN has taught me lessons in investing that could not be gained without paper losses incurred. In that sense I have limited regret in buying higher, since on reflection it was necessary to learn so I can avoid those same errors in future. My biggest lessons learned by far are 'what is cheap can get cheaper' and when a stock breaks long term support it's a bad sign of what's to come.
I probably wouldn’t have stayed invested had it not been for him, sad to hear of his passing. He provided much needed facts and clarity - an inspiring personality on this BB.
Bushveld’s been a tough hold for most of us, but then look around and we are in good company with most mining shares on their knees. I think it will come good one day and when it does I’ll take my profits and remember the important lessons I’ve learned on this journey.
Lots of big sells going through. Wonder who is on the other side of the trade or are the MM’s collecting shares…?