Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GeordieShores the stock went up 300% in 2 days...it will take a breather and then start again...heavy profit taking but the trend will be up overall until next RNS and then possible huge rise again.
I think there is going to be a retest to 1.2p and then back up...if you are underwater...time to hold your nerve.
GeordieShores you have to appreciate the fact that people have been holding from 0.4p and yesterday many got in sub 1p so they took their profits and sold while others like yourselves bought and took your position for the next wave up. I think this does have legs and It should get to the 2p level and beyond and then may settle down awaiting next set of drill results.. and then go off again.
But the key here is the market cap is still small for the assets they have so lets see where the market thinks the market cap should be, I still believe 2 p level is good and may come tomorrow, but will definitely be at that level on Friday (my predictions and it does not mean anything as the market will decide)...
depth of level 2 nobody paid 1.85
LOL...very funny Casper786
The last 30 minutes of yesterday was a total meltdown...I expect the same today..
The potential is massive and the market has not quite cottoned on yet but it will keep moving up as more people understand the true value. One of the few stocks that is just being held in my portfolio until the real value is unlocked.
technical s don't really apply to a re-rate just yet, market cap based on the assets they have underpins the current price and where it is heading. The charts will and indicators will be applicable once it gets to fair value.
Agreed Elenor..Volume is insane and propel this to new highs....
Sellers are always looking at round numbers to get out look how many times 1p took to break..today will be the same 1.5p break and 1.8p to 1.9p close with a heavy attack on 2p tomorrow...might even happen today...nobody knows just predictions.
in order force the exercise of the warrants... so that is the first target could be hit today...
expect some fun and games along the way...hold your nerve and lets see where this end up at the end of the day.
I think the placing worry is slightly unfounded at this stage, the last placing they did was to actually fund this Drill and that had warrants attached at 1p on a 1 for 1 basis.
Also there is an accelerator clause built in if the share price holds above 2p for 5 consecutive working days...I think it would be in the best interests of the company to let the share price run. Based on the massive RNS this morning and with the presentation tomorrow and 13 more sets of drill results to be issued from the Lab i think this has legs for good few days to come first target is 2p.
There is big difference between a spike and a re-rate and for all those invested this is a re-rate in progress.
GL ALL
OMITC
I do not think it was a particular seller, just people that have bought low over the last few week grabbing their profits.
lol..
volume is crazy...if they try to drop it that will just encourage more buying (like the last dip), starting to build that 1p base...
to give a presentation tomorrow...now we know why...huge gold deposit!
could go crazy very small issue of shares, very large gold deposit..huge demand for shares...