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@Diversified. I believe the 51/49 split in LAC is in Ganfeng's favour.
In my eyes, this is actually the biggest risk to limiting future returns. Athough it is not impossible I think it remains unlikely. Ganfeng generally like to have a controlling position but leave the administration to someone else when investing in oversea territories. See their 51% stake in LAC.
Sentiment certainly seems to changing on this. I was expect another year of sub £1 but the way the price has moved in the pasted couple of months suggests that we may see +£1 once the funding and construction timetable is finallised. I've been in BCN since 2015 but invested very heavy in late 2018/early 2019 when we were hitting that 11.5p low! 180% up at the moment and the shares are fast appoarching 50% of my portfolio! I don' really want to sell any but I may need to rebalance my portfolio before to long!
https://www.youtube.com/watch?v=uPd7T5nN0I8 - 6.5p target here.
Hi Hypermarlin, I don't think you have missed the boat. Price rise was still on no real news and with the price now backing off it could prove to be a good time to start adding. My view is this is an easy 1 or 2 bagger and probably at least a 5 bagger for the more patient LTHs from this level!
Shouldn't that question be in KDNC chat? I am only invested in BCN, as I believe it is the best resourse. Understand that KDNC is still invested here too but I wanted a direct interest in the miner.
It went up on no news, I wouldn't worry to much about it going down on none! ;)
Stage 2 plan was for 35000tpa. Although, I believe that there could be scope to raise it, something that Ganfeng did with LAC's project.
Trading more of a range at the moment. For that statement to be correct, I would have see a break below current levels to see that downtread setup. Admit the price action looking pretty poor. Isn't Dec the month ODX are suppose to be fully ramped up and pumping out test kits for the world?
Next stop 320p!
https://www.youtube.com/watch?v=NlKJ5vgqZXs
60-62p is around the bottom of a channel the price fell out of. There is also a resistance area around 65-66p. If ODX has any legs we should be hoping for a weekly close above these levels!
....and watch this news bearly move the price! We need CK to come out with some hard numbers on what we are making from this. Seems that everyone is making test kits and none of the money is flowing to us.
Still, some trouble getting filled but managed to pick up 150k for 1.39. Happy to average down here if we get the chance.
I'm getting NT all the way down to 1200 shares! Trading costs add 25% :P Makes the spread look tiny! ;D
Only finished my reaseach on this company last night and was hoping to pick some up today. Looks like I will have to take a past on this one. Shame, 4p looks like an easy target price.
@silles I agree the fundamentals are still strong, I didn't buy ODX as a one trick COVID pony! Actually, this stock hasn't officially made anything from COVID yet and its largest revenue stream from food allergy tests was hit by this whole lockdown/pandemic thing! Would be nice if an RNS about a big order for test kits was announced though!
Probably not... https://www.youtube.com/watch?v=Zj8pZneRjXM
Backing off today. I did find myself thinking about selling some yesterday! Still, would I really want to be out if we get a jump to £1.30!
Agree, this is the safest cornerstone of my portfolio! Still paying dividends despite most companies cutting them. May top up a bit is we see sub £8 share prices again.
Certainly possible to see higher prices before any deal is finalised but unless it is a bigger bid I wouldn't expect it to move too much. The risk of the price dropping again to the low 20s because the deal gets pulled was too high for me. Think this is a done deal but if the price did drop again I would think about buying back in.
I think with the BOD backing and the amount of time it has taken to be put forward, this is a done deal.