Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Re: ziquarat, thats very reassuring to know, thank you!
Question for those in the know about the industry here. I'm wondering is it possible to for neighbouring leases to drill horizontals under other neighbouring leases/acreages. Could for example larger Oil companies set up AIM stocks to attract investors to do all the exploration work on new exploration leases, cover it up as a no-goer, then use that free information to drill across all under the pretence it's on their own acreage from next door to it. Other than relying on honesty from these exploration companies, what more have we got to rely on. When you get shakes like this, it really does test you though doesn't it? There is bound to be unscrupulous activity going on the industry though that we don't know about surely, all these drilling companies in the profit, nothing to stop them setting up exploration vehicles to keep their cogs turning and their coffers own full, because so far they're the only ones making any money. Wondering if there is an independent industrial regulator who keeps a check of all of this.
Well I got out yesterday and took my profit so feel better than most here. Unlucky those who held out, the end of day dip yesterday was enough to give me jitters.
Starting to climb again, testing price "1.392" paid.
Woohoo, glad I bagged more shares end of day, roll on tomorrow!!! :D Boohoo to all those who shorted! Reintroduction of new support levels on the horizon, onward and upward. Let's see what tomorrow brings. GL to all those who have been patient.
I've always considered shares in issue irrelevant with penny stocks, and pay a lot more attention to share capitalisation. The potential for 88e is far from exhausted in terms of share price increase in my opinion, it's been on my radar for a while and have been in and out, but the trough presents another re-entry point for new investors. Like RMP, when this share jumps it jumps, and multi bags for a few days. Though all being well, it will come to the crunch where support levels don't collapse like they have done in the past, and if you're not in, thats your own luck as they say.
1.5-1.6 tomorrow, 2-2.2p end of the week.
Well anything is possible, if RMP can jump 100%, nothing to say this can't either! I fancy my chances, new tax year on the horizon, ISA top-up's due. Could make March a very interesting month for 88e!
Thanks Bungle, put my glasses back on :) just keeping tabs on it!
Anyone able to get an accurate reporting on FOSUN's share holding currently?
March 2015 FOSUN acquired a 5% holding in TCG this was then at £1.25 a share, they sought to double that to 10% which they did, and they have since increased their stake to 17% as of 2019 snapping these up at less than a quarter of their original price. Is anyone out there thinking what i'm thinking? Interesting though...
Agreed Masaimara. As i've said before, this can keep dropping for all I care, 25p, 20p, 15p, 10p, 5p, I will grab them all the way to the bank, this is about as good as a penny stock gets. Scaremonger all they like! More TCG shares, yes please!!! I've no crystal ball which way they will go, i've bought in on what I believe is the bottom of a trough here, push brexit aside, revenue has increased for the past 3 years, this share will self-remedy once brexit has been concluded.
Agree with you Romany, let the MM's and the day traders scaremonger all they like. No I don't have a crystal ball which way the share price will go, i'm in at 24p and 30p, and it can nose dive down to 5p for all I car, I will keep topping up all the way down and enjoy the recovery steep rollercoaster ride upward after as I did a few years ago on this one. Sell those planes, crack on with the hotel project, chinese expansion and the rest, and back on the road to recovery once brexit is cleared out the way.
Well didn't think i'd get another entry point on this one, give me sub 20p shares all day long! happy for a substantial drop to make a long-term gain here. Cheaper the better! not complaining... already in on 24p and 30p so can happy to sit with them whatever happens. Not leaving until £0.90p-£1.20 12-24 months down the line fingers crossed. Will come good in my opinion I'm sure.
And where there is risk, pennystocks arrives! Now this is my kind of share! :D
And who called me a silly sausage for saying 9p isn't in reach. 83% jump today, i'd be called a lunatic if I said it'd jump this much today. Anything under 10mill market cap is cheap. Thats my opinion, and I intend to hold there and see how things unfold going forward.
I'd go as far as to say down to 5p, sod £1. Did you not follow Taylor Wimpey during the last recession? Construction always gets the first hit during any downturn, and with brexit on horizon there's no crystal ball to say which way this will go. I'll be here to buy in at 5p as I only dabble with penny stocks, make a killing on this last time.
Well I did say i'd be kicking myself I didn't buy more, one of the riskier in my portfolio but the most lucrative if turned around. Can see this bouncing back up to 9p, market cap has barely budged in the grand scheme of things as thus making this an attractive share at these minuscule prices, post-previous share consolidations too worth pointing out, only 100 mill in issue.
Well what did I say, up she goes. Looks like I timed JPR right today, only i'll probably be kicking myself I didn't buy enough today but definitely not going to be greedy. Still a stupidly low market cap, the stock has taken a beating and rightly so, but stable and thats all that matters. Solutions to problems are needed, worth a small punt for the daring few in my opinion, but I wouldn't throw my life savings at it just yet!
Will I did forewarn in this thread a year or so back, and was mocked for it. The company is in a terrible state of affairs now. But at 1.6mill market cap, i'm going to have a punt. 50/50 which way this goes now. My opinion a 'weak buy' at this price!