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Terrible place to invest they said, far too risky they said:
https://www.news24.com/fin24/markets/jpmorgan-double-upgrades-sa-to-overweight-as-jse-rand-rally-on-post-election-optimism-20240618
Well V price has bottomed now IMO, so we are just awaiting a catalyst for the price to increase. I heard that Chinese rebar standards we're supposed to be strengthening so there's a higher quantity of V in the steel - isnt that set for the first half of '25 sometime.... ? I know they are clamping down on emission's over there right now.
Heading for 0.01p, I’d imagine there’s more chance of Ironveld being bought out on the cheap here than funding being made available given the market cap is too low for anything meaningful funding wise. Could Tracarta buy it up cheap I wonder?
Top of the gap window at 1p ish, once it clears this resistance here it will move quickly through the gap as they act as a vaccum for price to move through. That's if the move is UP of course, as we all know there's no guarantees.
Be amazed if this isnt taken private, why otherwise would Waddle have a large holding so much higher in average SP. PI's are just being used as pawn's here so it can be taken over on the cheap IMO as the market cap drops.
Yep, think this is the 'hated rally' where most are bearish and dont believe in it, which fuels the rise. Ultimately if there's positive news on the horizon and someone has the inside track, this will get front run (possibly what's going on now perhaps..).
Time will tell, let's clear and hold above 50 DMA first.
Yeah, 4.5p. You say that but if they had no choice to avoid insolvency then as much as it’s painful it had to be sold off.
I think a lot of the negativity surrounding this relates to the fact many investors will wonder if they can recoup their investment from BMN owning Vametco alone, and that’s assuming that doesn’t also get sold off. Haha, flipping AIM, what a nightmare!
0.045 average now - not great, but could be worse I suppose.
Where we go from here, who knows, I've given up trying to call it. I wont lie, it's been a nightmare of an investment, but once your in, your in.
GLA to all still invested.
This is all getting very dramatic isn’t it, almost as if it were intended so as to cause fear and panic among retail. Imagine if this was all one big scary shakeout of retail before a big rise.
Either that or it’s a trap, the majority votes against and BMN go bust and assets bought up on the cheap. But if they went bust how would that help the major shareholders…?
"Whereas the gold price is often driven by fear, copper’s rise reflects a more optimistic industrial outlook around the world, particularly in China. Copper is in such demand because with the energy transition moving towards electrification, more will be needed in everything that moves, from cars to heating. Like lithium and cobalt for batteries, copper is the new darling of the commodity markets." (Source MSN article).
The key bit being: 'more optimistic industrial outlook around the world, particularly in China'.
Here's hoping V get's dragged up with the rest of the commodities space!