Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Not in this case dsc1978.
Some are playing with fire at the moment and the end product is you always get burnt.
The sensible ones will be sitting on a pile of cash ready to mop up after the final bloodbath somewhere around November.
Until then the fire will keep dying and flaring.
Greed will sadly overrule common sense for some
Sometimes it doesn't gain you any friends in the investment world when you are realistic about things as I have found out on this board.
When it comes down to it I would rather post about protecting cash and get some balance on the board than worry about who likes me and who doesn't at the moment.
If you check out psmith64 on past postings on ii and ADVFN you will see I don't commit to writing unless I am positive about something, good or bad.
It's like listening to Mystic Meg.
Sometimes in investment it just takes gut feeling and as regular readers know my gut feeling is we will see more major drops in the region of circa 175p before we see sustained rise.
For the speculative punt this still is as per the last trading update the current SP is way to high.
We will see fairly swiftly now I think as the reality of just how dire the global economy is due to Covid-19. We are a long way off a vaccine, more likely to not get one than get one if you read the more realistic views out there.
It's going to take years to recover from this mess and we haven't seen the worst yet in my honest opinion.
It's better to be realistic in these times and protect your cash as much as possible.
Why can't our useless government do what Europe have done and put out a big headline about investment in a UK Hydrogen Society that will give tg UK energy security and put us ahead of the world.
What is holding them back. If they are not careful we will get left behind. With companies like ITM around our government should be investing in the future of zero carbon right now.
Now we are not going to get EU grants they need to act quickly.
Well you would hope so tonearm, but there is a lot of Linde news out there since the their link up with ITM, that doesn't involve ITM and that concerns me about the motive for the Linde link up.
Could it be when the next round of cash is needed it won't be another share issue but a Linde takeover and then ITM gets swallowed up within Linde.
A good way for Linde to get full ownership for advancement of their own well established Hydrogen arm which includes installation of electrolyzers and fuel stations.
This is the sort of Linde news that concerns me. Why no link up with ITM's established fuel division when Linde own 20% of the company. Looks like they prefer 100% of their own input.
https://www.petrolplaza.com/news/25433
Let's see what Bilboburger thinks come the end of 2020 if he has me on filter.
I am pretty thoughtful what I post on investment boards and anyone checking out psmith64 on the ii and ADVFN boards from the past will see I have a good track record with my posts which are always made with good intent.
I am confident we will see a better SP to buy in at in the not too distant future, the current SP is now a bit top heavy in my opinion based on what lies ahead regarding the full effect of Covid-19 and the unfolding Brexit drama.
The wider market is down circa 16% the last 12 months, 12 month holders of ITM are sitting on over 600%. The goose is not going to be getting fat for many so there will be some profit takers as Christmas approaches so ITM I believe will see some holders taking profits. It's not often you can cash in 600% inside 12 months.
Nice profit. Look after it.
I have never been a chartist. If it was that easy we would all be millionaires.
Charts can never take account of the unknown such as pandemics and the final outcome of Brexit for example.
An interesting 6 months ahead and my gut feeling is that these are going to be some bargains to be had in 2021.
If all goes well over the next 5 - 10 years that is very possible, but now that would give a market cap of circa £ 7 Billion.
We need to see a bit of profit and some major growth before £ 15 becomes more realistic.
When I reinvest £ 15 would be my minimum target but there are a few hoops to jump through yet and some more news flow required to give some confidence in that price prediction.
What a strange response troublesome.
I was hoping for someone to post a good reason for me to buy back in now, something for me to go off and research, something I may have missed.
All I have at the moment is that ITM will have a factory with a potential of 1GW potential manufacturing capacity with £ 26 million of secured projects and £ 30 million under negotiation and a project with Shell that is failing financially that will wipe out any good of the above £ 50 million of future works.
I just can't work out how the SP has got to where it is. Nothing new announced since the last update and 1/4 of a year is a long time for a forward thinking company in a major new market to have no new news.
It makes you wonder what is going on or more to the point, not going on.
Graham Cooley has become financially secure, holds very few of the 445 million shares, I just wonder if he has lost a bit of interest.
It's a bit like the lottery winner carrying on working, will the heart really be in it.
I need to know a few answers before I reinvest and see some positive action.
I don't mind missing out on a bit of profit if some positive news comes out while I sit on the sidelines.
I was quite happy with the 150p price pre-pandemic, that seemed about right for where the company was . I just don't see how at one stage over 200p got added in the course of the pandemic, it doesn't stack up.
Just some sensible thoughts for discussion is my view here.
Just checked out the last trading update to see if there was anything in there to sway me to buy back in now that the price seems to be holding up in a narrow range.
So next week we are a further 1/4 year on since that update and still no news of the £ 30 million of works under negotiation.
No news of anything new from all the Hydrogen hype from Europe.
It must be time to announce the results soon, let's hope we get some more positive news then because if it remains much the same, or should that Shell contract have unearthed some further losses then I believe the SP will plummet.
I genuinely do want to buy back in as the longer term future does look good if they can secure some decent projects, but I am staying with my gamble that there will be a better re-entry point in the not to distant future. I feel with the lack of more recent news that currently the SP is a bit top heavy.
And in predictable fashion dsc1978........ the see saw is on the way down again, and 175p gets closer in the rear view mirror this morning.
I could be tempted to do a day trade today if it continues to fall to pay for " the spenders" for the next holiday in September.
There is still a bit of time for that ahead of the October /November sell off :-)
dsc1978......... Let's review in late October early November. That is when a lot of money will be leaving the market and people taking a bit of profit where they are lucky to hold them.
In the meantime my cash is safe from when I bailed out here at 323p,waiting for the opportunity to invest back in. You all know my two scenarios for that.
Have also had a nice chilled summer not seeing my holiday see saw, not having to worry about where the price lands.
I still think I will be buying back in sub 200p because currently the furlough scheme masking a lot of bad news to come, sadly.
I never actually started a thread aimed at me.
I had been pretty quiet of late but it sounds like someone was missing me.
It's simple, let my predictions run without bringing up references and I am happy to keep quiet until early 2021.
If I don't respond to posts making a reference to me then new readers might not understand the point of them.
Well 1LEO I admire your brevity at the moment and I know from my time invested in a few Hydrogen shares the last 5 years not being adverse to some risk has been pretty life changing for me as an investor.
Never investing in a time of a pandemic before and also with the change in our country status leaving the UK, I am not brave enough to invest in these times of the total unknown.
All I have to go on with the pandemic is the past history books of what happened in the 1918 Spanish Flu pandemic and a great depression has to be a possibility.
Come the end of October we will know the full extent of unemployment in the UK, I don't think it's going to look pretty from what has happened to date even before furlough ends.
That's when I believe we will see the start of the major bloodbath here, if not before.
It will be fast, and I believe it will catch a lot of people out.
I hope I am wrong for those still heavily invested.
The other problem 1LEO is some people only want to listen to what they want to hear.
That can be very dangerous. Sometimes you have to stop and think and look at all views, then DYOR.
There is something not right with the markets at the moment, they appear to be very false and I do believe it is down to a lot of new money piling in from bored people furloughed new to investment thinking it's a good thing. Lots of day trading keeping things buoyant, but that cash will run out soon.
The clever money is out of the market at the moment waiting for the crash. That is my view.
I have said it before. The majority of trades here are small retail trades when you look at the size of trades in the whole.
One major profit taker and the volatility will return. A few major sellers which will be likely as the SP hangs around this current price and then we will see the SP tumble.