Member Info for Matthew125

Spike!? How far we have moved from the Aug lows? What drugs are you people taking?

The minor price move today is not a spike! Addressing the 4 week gain, the low was 7.5 on the 12th of Aug, in % terms to today's price this might be considered a big move (if it was it a blue chip) but the range on the 12th was between 9.64 and 7.5 and the price 'spiked' up to 12 on the 13th! With this sort of volatility the current price is hardly worth talking about!

Rant over! :P Sometimes I think reading this board is a bigger waste of my time than normal... *sigh*

2nd biggest riser of the day for me! Well in the black again!

As Oliver says, it all depends on your risk appetite. How much have you already invested? What % of your overall portfolio this makes up. There are no guarantees in investing, you make your positions and you don't cry if it goes tits up! I favour the risk to reward in this investment but I suspect that it will be a bumpy ride!

Thanks, that was interesting. Maybe the delay in issue was the correct move!

I that is how the chart looks then I will buy more for 10p :) (to be fair that is only 0.5p above from where we are,so maybe more at 15p!)

I also found this a bit funny... LTH could still be sitting on a profit and therefore it could be sensible to take some profit off the table (kicking yourself for not taking it earlier) due to the increased risk of not getting funding. I think I may be the brave investor (maybe stupid! :P) who would put his shirt into this! Nice to know that they are looking at next month, although I still think that pulling the bond issue was a mistake and that they are unlikely to get better rates than they had! We will see.

Hmmm... strange thinking people! I already topped up a little at 9p but I am currently selling some other positions to load up when this hits 6p! :P Was it Buffett that said to learn to love falling prices?!

No idea, but I have held GNK shares for over 2 years and have never had any! :o

KOH, sell then and take what you have off the table.

As someone who would like a bigger position at a lower price, I'm keeping my fingers crossed that the shorters keep on shorting and the FT write lots more articles on how high risk this project is!
Once the bonds are sold I think main financial risks will be pass us. Yes there are still risks something could go wrong in the construction, etc, but this is in the UK and I believe these risk are low, far lower than the price is showing! So, hopefully the price weakness will continue and hit my target! Then a large part of my investment will be parked here for many years to come!

Haha, LTH! Like 15LIVES says you can't be that long term! Please sell all of your shares so I can buy them. :P

Didn't top up today as I am hoping for more price weakness to build my position. Have a buy order at 12p, which I feel could be filled at some point. If not, then happy to hold what I have.

If you can't stand the heat stay out of the kitchen! As others have say, Be greedy when others are fearful. I have been holding off topping up but we are close. Just wish I had more funds available! Isn't that always the way/ :)

I'm eyeing 12p.

Cup and handle.? What time frame are you looking at?

Got about 40% of my extra request. Didn't really matter, as I had a limit order filled at 15p today! Takes my average down to 16p.

I have just been checking news on ACA. It is a long term hold for me as I first bought for 111p before the name change! Didn't sell when it hit 310p after 3 weeks of holding and didn't sell when it hit 602p a few years ago. If that wasn't bad enough I loaded up when the tax storm kicked off thinking that it would be a short term dispute! Boy was I wrong! Should have made out like a trader (even when it got back to 268p!) but I always saw it as a long term investment with big potential. It has certainly been a lesson in taking something off the table when you are sitting on a big gain! Average cost is 142p, so not a huge lost if this deal goes through but opportunity cost... boy o boy! :(

Just wondering if anyone has any ideas on how the Zinnwald spinoff will work and what benefits it will have for current shareholder.

When you say take us out, what do you mean? Buy us 100% out? That isn't necessary bad, although LTH may be disappointed.

I am still musing over the effects of today's RNS leaning towards it mostly being good news.

@Shareswotter, Don't misunderstand me, £120 is £120. I only consider it a waste of time as I am looking longer term and wanting to build a bigger position. I don't think about selling shares just because they have moved a couple of pence in a day or 2. If I thought, I would 100% get as many shares as I liked at 15p then I might try. But I think shares at 15p will be quite limited and if the price was to rise stronger than expected then my position would be smaller with the only option to buy more at market. So yes, if you are happy with the amount of shares you have and have no wish to increase your stake, then selling and buying back a small amount for £120 profit is logical, however, I am looking to build a bigger position and wouldn't consider selling until we hit 40p, therefore it makes little sense to risk selling any that I only bought for a couple of pence above where we are.