Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Couldn't agree more. All the shady characters will begin crawling out from behind the rocks telling everyone how much a piece of garbage the company is now. Usually at the same time they'll be trying to short the company.
For newer investors - always question why someone who really hates a stock goes out of their way to invest their time and effort telling everyone about it... If I hate a stock - I don't invest in it and I certainly don't waste my time talking about it.
Nice way to sum things up Pawnking re: 5 days ago :)
My guess, and it is just a guess at this stage is that PI's who got onboard at 30p a few days thought today would be the icing on the bun. When some who were already in a decent profit started selling others followed,... and we're where we are...!
I've seen a post on twitter showing an email response from Suzanne Dilly - not sure if genuine but looks to be saying that there is no immediate need for a placing.
Hope people put things in perspective - in a further 5 days time the picture may be completely different
Don't agree at all that it's been manipulated. The MM's can only adjust the bid/ask to generate more volume (more volume = more commission). They can't force anyone to buy or sell. However if the share price falls rapidly due to lots of sells at the same time it's very likely people's (some and I wouldn't recommend) stop losses get triggered. This just amplifies the drop. The next few days/weeks should give us a better idea if we'll see a decent recovery.
To all those saying this is garbage - you should ask yourselves why you bought the share in the first place... If you're not willing to hold something for at least 18-24m you only have yourselves to blame.
Shares go up and down and this is amplified x 10 in AIM and even more so for companies like VAL with less shares in issue.
I'm circa. 40% down and as I hold this in my ISA I can't even average down any further without selling something else which I won't be doing. I will hold this for the next few months and see how things turn out... GLA
Yes definitely positive in any case, and encouragingly the port seems to be part of bigger infrastructure plans by the local Govt.
Yes very odd part around that cash balance not able to be confirmed.... Seems a bit silly from the BoD. If a payment was in transit and couldn't be verified much better to go along with the auditors lower figure rather than create further doubt...?
What a fantastic update. Europe is primed for this!
The recent equity rise speed/lack of offer to existing PI's been bugging me so digging in a bit more on the 2018 accounts there was an auditor note regarding the company planning/needing an equity raise to sure up the longterm position. Assuming 7DIG wanted to avoid that same note on the soon to be released 2019 accounts may explain why they pushed to secure that before publication - possibly to attract larger institutions.
Just a hunch - but welcome thoughts from longer term holders?
Only a paper loss unless you capitalise it. Hoping for some further news on the main market listing which would allow larger institutional investors to get onboard and soak up volumes. I have £55k invested here and am optimistic
Thanks Colonel, my thoughts exactly and nice to hear others are thinking the same. 20p soon then onwards and upwards from there!
Is it just me or do the 1.5m + 2 x 650k look like buys this morning?
I was/am in DDDD and did really well out of the recent rise so sliced out my capital and left the profit in for a free ride. I think both shares will rise, however I think VAL should move quicker (assuming no major news). Considering this was 17p+ a few days ago and the only news is exercising of previously issued warrants. Lets see
Agreed. Reading between the lines it has to be someone significant and only reason it hasn't been disclosed is that some legal complexity needs to be followed. Ideally we'll see an RNS tomorrow AM to clarify.
With the consolidation seen today and plenty of opportunities for people who bought on the spike to exit with a gain we should see a clear run to 4p and beyond. Lets see what tomorrow brings!!!!
Yes def would be factored into the price. Biggest issue I have is visibility of those would have affected some investors decisions - a lot of us take comfort from seeing the big ££ coming in with us
Can't argue with that CJ - hoping by September we'll have a clearer idea of valuation on this company