Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I know this is how the world works, but the MM's are totally taking the pxss and have been driving this share up and down over the past few weeks. This is probably because their own average is way higher than the current share price. It dropped to below 2p for no reason and then jumped to 2.5p in a week and now is back down again. For novice holders like me its very difficult to tell if the movements are down to genuine investor confidence in the stock or MM's manipulating the price for their own gains. For the past week its clearly been the latter and i have fallen for it which is exactly what they wanted. Welcome to capitalism!
Guys, I want this share to rise permanently. But none of us have any idea how the exploitation of the oil field is actually progressing. All we know is that the share price rose 15% and many are now trying to interpret that as something that its not.
As I mentioned yesterday in my posts this share is very high risk. It rose quite dramatically a few days ago and now it's falling. It will quite possibly lose most of the 15% gain it made. And as a I said no fundamentals of the company have changed other than the oil price. Until this company gets the oil out of the ground and starts selling it or gets very close to that point we shall not see any sustained rises.
I have made some small change out of this share over the past year. I am not deramping. I'm just being realistic. Nothing has changed at the company that wasn't known 1 month ago. Its purely down to oil price and the first hint that the oil price may drop the profit takers will come in. I would love this share to go to 9p and beyond but it's very unlikely that it will sustain those levels until it starts making millions in profit every year.
What you are saying is not new news. This has been known for a very long time and that would have been priced in already. The fact that it's so sensitive to oil price changes means it has very high risk fundamentals and the exploitation of the field is still not 100% certain.
Reading through some of the posts on here really makes me more cynical about the quality of the debate on forums such as this. The reason for the recent spikes is that the oil price hit a 7 year high yesterday. Nothing else has changed. Now we have posters claiming that this share will hit 9p and go beyond that. On what basis? Its not that complicated. I have shares in other oil companies and they also rose yesterday. I expect to see a drop back today.
Did you read the commentary about the December cash position? I have and you have not.
Clearly some investors on this board have no idea how the consumer goods market/ industry works. They have launched their products in the middle of peak season, within 12 months of the IPO and hiring most of the team. They have done all this for just over £3m and are still sitting on most of their IPO cash. I work in the consumer goods industry and I can tell you this is remarkable particularly when you consider the macro economic environment.
As for marketing... Don't forget who one of their founders is.
This is definitely a long term hold and should pay off.
I have been investing and follwing this share from months and am astounded by yesterdays events.
How the hell is this not illegal. Who set the 35% discount. Clearly those in the know sold their shares after the EL announcement. How this isnt classed as insider trading I'll never know. Stuff like this makes me so cynical