Member Info for mrcautious

Trouble is price being held down is very bad if its taken out by a larger miner. This is exactly what happened in BCN, the share price was already languishing due to lack of activity, so Secker dealt the hammer blow with a placing. Then with the share price really low a buyout was done at SP plus roughly 35% premium. But if the SP is already kept low, its not really a premium is it ! So if this gets snapped up for 16p are we going to be happy ? I'd say mostly not. Especially if , like BCN, the board pushed through what they new was a bargain basement deal with no negotiation with the buyer. So lets hope this doesnt happen here, but lets also remember Secker is associated with Zinnwald !

daytrade - Yep thats my thoughts too. I had averaged down to just under 3p but thats enough for me because we still have no idea where this is going. AIM is chock full of shares with l'ong slow death' stock price graphs...

TJ_MAC - Congratulations on possibly the best and most sensible post I have seen here for a very long time. I know its was not your intent, but it has put the spreadsheet accountants posts into perspective. But painful as it is this is still risk on even after the months/years of the usual crew saying 'anytime now Amapa 20% and boom' to paraphrase. If there was more commonsense written here there would be the stupid squabbles that there are ! I have been here for many years as an original REM invester and had managed to average down and sell a chunk when we got to 30p but this is an impossible share to get your head around and the constant Rose tinted posts havent helped !

Correct, once you have an investment ISA account all of the money or assets remain in the ISA no matter what you do but the moment you draw the cash out its out of the ISA forever. I have been trading within my ISA for years...

Is this another BCN style activity ? Sell stuff cheaply ignoring a large chunk of the shareholders views ?

In that case we are doomed, as I doubt that Lithium battery tech will be desirable in 20 or 30 years time !

eric - I'm sorry you think I'm smug but I think all of the people on here are utterly stupid if they think this is going to make them a lot of cash. I have quite a bit of cash in here, but when I hear people saying they double down on p$$ pot shares like this one I am amazed. Carpy AIM shares should not be a major feature of any portfolio. Im not smug at all I have just worked hard all of my life...

If Putin uses a tactical nuke, you wont be thinking about what happens to your stock portfolio !

I am a rubbish trader but this has been my No1 most successful trading share. Dont have any at the moment as any free capital has been used to top up IT's and OEICS that have slumped in the various mayhem thats going on.

I dont think WW3 is as likely as it was in 1962 because the dynamic now is different. Putin has a war going very badly he has (by Russian totalitarian standards) fairly significant unrest - eg burning of Army recruiting office. He shows a lot of signs of instability and has brought Russias economy to the brink of default. A land and air war would be a piece of cake for NATO now, but I agree the nuclear war issue is a big one, but Putin talks as though he is the only super-power with nukes, he seems to forget that NATO countries have more warheads which are also more likely to be operational also.

KK - I know this, but BenISA is free a sell and buy costs...

Lamps - I thought this was coming ! Why should I crystalise my loss on this just to please you ? I have avereaged the hell out of this share and am still over 50% down. In fact a couple of days ago I had a few grand loose in my portfolio and for an instant I thought (as the rampers say) I might top-up but commonsense prevailed and I said Nah !

General question - are II offering bednISA now, HL still have it suspended ?

Fortitude- WHY would anyone have a good word to say about this is just sinks and sinks like a supermarket trolley in a canal ! Everything is delayed vague or just never ending, please stop buying Rose tinted glasses in bulk ! You cant research these types of shares to any extent unless you fly out there and turn up at the mine gates. On other BB's I see people posting intelligent 'looking' research but it is actually educated guesswork at best.

This is true, we had high tracking prices until Putin boiled over. OPEC wanted to get their margin back for what they lost during covid. OPEC are a cynical crowd and are in the maddening position of being able to totally manipulate a whole market. If they WANTED to they could easily ramp up flows to cover the Russian gap.

Trouble is we could have all the oil in the world and how do we transport it to sell it ? So if you buy now you are gambling on a peaceful resolution of the war in a reasonably timely manner are you not ?

Poppyseed - When will this not be a strong buy ? When GC comes and burns your house down perhaps !

Personally after the RNS the other day, I cant see this doing much until the Russian issue is resolved and no one know when this will be. The using Russian pipeline infrastructure bit was a death blow IMO...

jimb2 - You may not like me, but this guy asked a perfectly good question and all you did was make fun of his grammar. If you have any backbone give the guy a decent answer yo the question we all want to know the answer - why does this go nowhere and sit below the placing price still !

Lot of bot trades today - must be your mates Beechknot..