Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I wouldn't read too much into the wording around WR-B1a, this is an Interim Report so the wording in this reports are usually very standard, tame and formal in regards to what they tell the market about potential revenue generating projects, companies also have to make it clear to the market that until anything is announced, nothing can be promised to be commercial.
Looking forward to the results, I was very encouraged by the Well update on the 9th September and the things being posted on the Twitter page.
Seems a bit short sighted for those who have been here a while prices wanting to just break even and get rid at 3p and disappear. I saw a one or two on ADVFN who want to do the same but you gotta understand, past performance is not an indicator of future success, especially in the market, shares can be dogs for years on end and then all it takes is one transformational project to turn it all around.
The idea of getting emotionally involved in the market works both ways, they say don't get emotionally invested in a stock, but I'd also say that don't let your emotions about a stocks or BODs prior performance let you make an emotional decision to sell up, there is a wave to be riden here at way over 3p and money to be made.
Chances that if this is the beginning of a good set of results for Block over the next 6-8 months, the share price will shoot into the double digits with sentiment as traders pile in and volume picks up, whats the point in waiting so long for this stock to deliver and then just to exit at 3p?
Each to their own of course, but from my own experience, and this is why I've put money here, there is a wave to be riden and those of you who have been waiting a while should probably re-consider the exit point of 3p because your wait deserves a lot more than a 3p exit or just breaking even, the least you could probably hold out for is 5-6p and make up for the opportunity cost during this period of time.
I'm personally holding out for 10-15p as an exit point, just like any old shoddy little AIM stock, all this needs is a good set of results and some sentiment and there is easy money to be made.
I would agree, it's just seems a little nonsensical to be selling at this stage for 2.5/2.6p.
But it's peoples money, they will do what they want with it, all the rest of us can do is be patient and wait for the results.
misstestes, from my experience the 10% strategy is probably one of the most riskiest and unfufilling strategies because the risk is huge and the reward is minor. I done it for a few years and used to think this was great, then other times I went back in for another 10% and the share drops by 50-60% within days due to a bad RNS, so I've given up on that strategy, the only time I ever do it when I'm bored.
The real money is made in the market is with the buy cheap and hold trading practices that you seem to be criticising, it's not just a fancy line that rampers use, those who are saying it usually know from their own gutwrenching experiences of missing a multi-bag because they sold too early for 10% and now want to avoid that mistake again.
bigboffer, at the end of the day, if the company produces the results, the market will eventually react and this will reflect in the market cap, with it being so low at the moment at around £18m, it's a no brainer. There are other companies floating around at between £50m-200m like 88e and HUR, so a good number of results and we could find ourselves in a similar place.
This is why I've taken a decent position here, despite the previous struggles, I do think they have turned a corner and I'm struggling to find many shares with a potential to multi-bag like this in a decent time-frame.
It depends, there are some days when 3p is reached but then people start selling because there is no real news, if you don't have buyers demand at that level then you just fall back, at the moment there isn't huge demand past 3p because individuals know they can buy at 2.7/2.8p the next day, once flow rates come out, that will be impossible.
If results are positive, just looking at it from a pure trading point of view, if we were able to get 500-1000 trades a day, the share would easily move up to 7-10p on just sentiment alone based on the current MCAP.
I was very happy with my top-up at 2.65p.
Once more interest builds and more trades start coming in, 3p will be blown away very quickly, that will come naturally through once flow rates are confirmed,
At the moment there is barely any volume being traded and the number of trades is usually below 10 so you never get any real movement.
EUA is just one example, GGP, PHE, even Tullow's rise over the last year or so has been pretty impressive from the lows.
The real issue is that a lot of people don't have the nerve to hold shares during in this low volume, low action, 1-5p price period, they see other shares moving up on volume and go chasing gains, then end up getting spiked.
A lot of these shares that are doing well, they've all gone through periods of mis-management, failed projects, mis-communication, heavy falls in share price, but that also presents opportunities for those who are willing to buy the lows, you can sift through years of RNSs from different companies and pinpoin the failures, but at the end of the day, the best thing to do is look at the present.
The present here at BLOE, is a very low MCAP, very low volumes being traded and a project that looks like it will be transformational for the company, at the end of the day, the market wants results, if WR-B1 delivers good results, volume will increase, more interest will be haboured in the share and you could probably see a rise to 7-10p based on sentiment alone.
The only way to make real money in the market is being brave at these low prices, that's how I've made money to date.
PI's have a history of bailing like this, this is why they end up missing the baggers, they flop from share to share and then get stuck and miss the rise from the original place they sold out.
Just look at anyone who sold Eurasia Mining at 2-3p, it's had a tough last 6 months up until recently, but if you had bought last year before suspension at 2p, you'd now be sitting at an incredible profit at 31p.
Sh*t happens sometimes, no point dwelling on past failures, oil and mining companies sometimes deliver sod all for years then all of a sudden one drilling campaign is transformational.
At this current MCAP, there is really only one way to go, and that is up.
The hypocrites, silversun being one of them, came out in droves this morning.
I saw over on ADVFN that PAAT say "enjoy yourselves, doesn't bother me", despite the fact that for months on end, all he ever does post all day long about Eurasia.
I kept silent for the last few months because it was glaringly obvious that we were the victims of a short attack, in the end, the fundementals were always going come out on top, it might not be the quick company sale everyone wanted, but I've accepted that and moved on from that. The BOD clearly have a strategy here, I have full faith that they will deliver.
Well done to everyone who held their nerve at 14p, or added at 14p, we are not out of the woods yet though, the shorters will probably try one last attempt, but at least now you have seen the games that they being played here. Hold firm.
I think so too, I'm not really a big investor in oil companies, I was briefly invested in HUR in 2019 but sold out at a slight loss because to me the writing was on the wall and Dr. Trice never filled me with any confidence (luckily got out at 45p).
But WR-B1 and Georgia looked a very interesting opportunity after doing some reading, and the very low market cap here compared to the other oil companies on AIM seemed very attractive.
Hopefully if the vote goes against GP Jersey and WR-B1 produces a good result, we should be able to see somewhere between 6-8p within the next few months.
This is just a sentiment driven drop.
Most people have recognised Bitcoin has one big drop left in it before it starts moving up again, so a move down to $20-$25k is likely before buyers return and push back towards $40-50k.
This is reflected in ARB at the moment, give it 6 months and ARB will be back at £2+ and on the NASDAQ, the hate for PW is uncalled for and I believe he has done an excellent job.
In the short-term, it's a bit of pain, it may test 40p-50p at some stage, this is just the stock market, either you trade on sentiment and risk missing the short term rises, or you take the rises with the drops and accept that stocks don't go in a straight line.
I always thought his sale was a genuine cash call based on the length of time needed to conduct a deal, the tax move was also a plausible reason and would make sense, either way its a good confident booster to the market that Venus have added.
My only question would be about his options and whether he can still exercise them and if so why not?