Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So after seeing an RNS this morning which I considered another step, be it small, in a positive direction, I then see a drop in price? I contacted a friend/ investor for a chat to see if he could put some light on the reason, because all I could put it down too was disappointment in not being Croda news. He then tells me that he is starting to off load a hefty amount of his holding as he feels the time scale for good news is further away than he thought and thinks the right move is to Derisk his portfolio. I’m a bit more positive about this than him and in fairness my holding is quite high I’m not in his league and it does make sense too offload if your not sure about where this is heading. I do think we need a good piece of news soon as otherwise I see this drifting back to 16p and losing momentum to where we are now. I realise patience is a virtue but after 3 plus years of being involved feel it’s time for SA to chase up are contacts from these businesses that we are linked with and start hopefully this ball rolling.
Disappointed in a lot of the long term holders posts today. When the share price has steadily climbed to be 30% up over the last 2 weeks, it’s hard to understand the negativity that has been shown today. I have taken both Elrico posts and Olerics views into consideration each time they post but it is still my decision to buy/sell each time. My view is I think me putting faith ( and therefore money) into this company will hopefully be rewarded in the long run. Like most AIM companies the CEO will make decisions or make statements that will perhaps be more speculative than a major company but if they come off the rewards are much more and the losses also greater than when dealing in a major company. Hopefully for all invested SA has done a great job steering us through a couple of lean years and in my view the company has put itself in a position that if things work out we can be in an excellent financial shape than at present. I personally can’t see the point in keeping on about things that we have all read about over the last year. I personally am still moderately invested ( although still down) but I was never in for a short time deal and hoping that over the next 3 months reap the reward for patience.
Oleric, I enjoy reading all point of views and think it’s important that the more “negative” views have their place. However having read your threads over the past year and especially since you “ bought back in “ a couple of weeks ago, I’m finding it hard to understand your reasons. I certainly wouldn’t be putting my money into any company I didn’t believe in. If your just following trends than good luck but why invest and then just post contradictory against everything.
Ody, as you say your “trapped” in this share due to the price. So perhaps it’s just me but as there is not one positive comment from you and just one negative post after another, I can’t see any reason why you do post. Don’t stop though because although I see your posts of having absolutely no detail or value to this site I do consider them an amusing read and wonder how much of your pocket money you have “ trapped”
It’s a shame he’s no longer going to post having sold at 45p. Never to be seen on these pages again spouting his drivel. I can’t understand anyone who would put their money into a share, apparently at a 15p average and then moan about it on every post.
Would feel more comfortable if this started to slowly climb rather than continue to drop, however until RNS issued will have to accept this is the fate of most small companies. Through discussion with Belgrano who along with other more substantial holders who met Stuart before Xmas and came away confident that this company is being managed properly, I will sit on my hands and hopefully await a good result in the not to distant future.
Odysseus07,
“thinking of selling my stock and taking my profit”. Now I enjoy reading your posts because I can’t believe that somebody can write as negatively as he does without not a shred of factual evidence, but holds stock??? I can vouch that I personally know Belgrano for the last 25 years and that it was me that introduced him to Optibiotix after getting a tip from a friend. I don’t know of anyone who looks into a company as much as he does before investing his money. I trust him when he says get in ( I did at 37p) Please keep posting as I enjoy reading your rubbish!