Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With a large buyer(s) in the background, happy to pay 2.9p and above, it seems amazing the price has dropped by 1p in the last few days. I'm sure the buyer is still in the market, just taking advantage of the artificial drop which is being fed by weak holders.
At least wait for news before cashing out, surely?
Not to mention an annual gross profit over £1m. The ratio between MCap and profit supports a higher SP I would think. It will be interesting to see where we go in the next few months if they continue to grow the portfolio and cash in bank. GLA.
I think a further 5m shares have been accumulated again today without impacting the price. Assuming this buying continues we can all help the SP and value by holding on to our shares and getting back to the 3p levels seen last week. I have been here for a long time and seem to recall Hybridan talking of higher MCap on the basis of the SKIL Platform alone, well before the current knowledge of the potential of our most prominent compounds. Someone is buying at these lower levels and Tim and John are not alone in knowing the real potential.
No one buys £48k worth of shares unless they believe in the Company's prospects and they are getting value. Plenty of large buys recently so I expect many are realising this and large buys will continue at higher levels. If more investors kept hold of their shares until news arrives we will all benefit from historic highs. For me, the SP will follow the scientific advances.
Seems to me the market always drops the price on the back of an RNS/good news as a matter of routine. Last week we had strong buying up to 3p and we looked to be moving towards 3.5p-4p and now we are back to 2p. At some point surely this will move back up to where the true potential value lies and I think a decent re rate on the back of so much news to come.
I have a reasonable size legacy holding here so it would be good to see a bit of a re rate here based on a small profit making Co
now paying a modest dividend. That in itself is rare on AIM so hopefully we'll see a bit more interest in the stock. I have a higher average price so will be in this for some time to come but feel we are going in the right direction.
Remember, there have been a lot of large buys of late so some accumulating is taking place. 5m two days ago at a decent premium is a sign that 3p is the current level to break. The more weak sells around current levels are merely giving MMs the chance to keep the SP lower, but I think this will only work in the short term. Once news breaks on a number of fronts we'll start to see the real potential and I would think a re rate of value here. GLA.
Now the AGM is behind us I would expect there will be progress on the new direction for the Co. The first clue will be an increase in larger buys and higher volume. Given the current MCap it won't need much to kick start the value.