Likewise. Whenever there is a less than significant update the shareprice drops, presumably because people are working on the logic that a big RNS is unlikely to follow straight after. At the end of the day speculation will run rife, price will drift up and down but with news due imminently I would rather look at the red in my isa every day for the next few weeks than wake up one morning and see that the share price is 50p!
Must admit this one has not been on my radar until the broker note today. I am a bvm investor and think Vanadium is a good investment, particularly if flow batteries take off. I am slightly confused though, having read the note hinting at a shift towards becoming a vertically integrated vanadium producer which sparked my interest given bvm's movement from having mining rights and a share price circa 1p to becoming a significant producer with a sp peaking at almost 50p and a target of 80p, to reading the other rns pointing at a sale of ironvelds assets? I appreciate that this will unlock some short term value but I am confused as too the direction that the company is planning to take.
I have missed out on a few big rises in other shares by profit taking and trying to average down, only for a long awaited RNS to land while I am out and the sp rockets, so lesson learned, an extra 100k shares for me please. Bargain at these prices, and lots of news due in the coming weeks/months.
Tomorrows RNS...ECR may find some gold, and gold has historically proven to be valuable! Appreciate the necessity to remind investors Creswick is not the only chance of a big find but would rather an update on how the testing is going with perhaps some high level estimates for the remaining analysis etc.
I like this company and think it will do well longterm, but the updates always leave me with more questions than answers. For Lucyd, fine that the market is projected to be worth x amount but are there any actual sales figures for the Lucyd loud as they have been on sale for a while now, or at least some projected figures. For microsalt, great that 3 orders have now been filled but what does that actually meen? This could be anything from multi thousand ton shipments being loaded onto container ships bound for some Saudi princes salted nut empire to a guy from Salarius nipping down to the nearest corder shop with a few bags and having to deduct his busfair from the profit. Belluscura, the percentage held changes on a daily basis though I think the potential is huge here.
All focus on Cresswick but there is still plenty of potential here with the other sites regardless. I am all in at the moment and will top up if I can get under 1p so hopefully good news soon...either that or I will be delivering newspapers to suppliment my income for the next 10 years!
In other shares that I follow/hold the 1 share buy has been a buy signal following a period of shorting. Has happened a few times, though as I doubt anybody is shorting it could just be that they have let the apprentice loose on the floor. Ha
With no news to speak of I am assuming we are all in the same boat, people buying to get in ahead of the impending rns and people selling out of panic the longer the wait goes on. At the end of the day the only share price that matters is the price post-rns. I have a fair holding here (for me) and will be adding come pay day. If the news is positive and we hit the 10p + (or even the 2p+) then I will probably break my neck attempting a backflip. If the news is less positive then I will lose money...such is the risk of investing. Unless the directors start suspiciously buying then until there is news the current price and daily fluctuations don't matter so much I am guessing...
Most of these boards are useless for information as everybody has an agenda, be it ramping or de-ramping. Some boards like bvm take it to a new level with an almost cultish pro or anti agenda that is both pathetic and amusing. As a novice to gold mining stocks its a shame as I appreciate the chance for a spike in share price but would also appreciate understanding the long term prospects from lth who understand what the upcoming RNS actually means and the long term practicalities of actually mining it
Hi Breq, I would further add that we are one of few new companies on AIM that actually generate profit, 5 million net last year so its also less risky. It will be exciting to see where we are in a year or so...
Breq, that makes sense. There is also rumour that driverless cars may begin to make an appearance as early as 2021, though for me in the immediate term Salt and Oxygen are my main interests. With any luck we should be drifing towards the £1 mark by the end of the year
Hi rr1977, thanks for the info. Just wondering who the other investor was? I have not been able to find any info as of yet. Personally I would rather the stake in some of the umbrella companies were reduced if it avoids another share placing. I know this was on the cards a while back as it was confirmed in the investor call and I was told by yellow jersey that there is no timescale for this yet. I beleive the plan is to use service revenue to cover operating costs in future.