The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
In all honesty, the SP was well over priced last year when it was circa £1.00.
However equally it is well under value this time. All LTH are frustrated including myself in today's price.
At the end of the day as long as you are not selling, you will not lose your money but it hurts to see current value is well down when you check your portfolio.
I have seen people have been pessimistic, optimistic, hopeful, wishful, aggressive, attacking, blessing, etc. on this board as I have been on it since the beginning. One thing for sure is that the SP does not go in line with what people say (in other words our comments does not effect the price), but definitely its good to exchange information between each other.
The fact is, who ever secured their shares for Ben at the beginning of last year and sold them by June last year (until stressed JS sale), have made amazing profits and moved on.
Until we get consistent and demonstrated sales on paper with regular shipments for shifting the coal, the SP will not move massively IMO.
As said may times, there is not much we can do other than topping up and waiting.
I can see they are buying but its not in line. £508K worth sold against £210K bought so far today. I understand sales for year end purposes but why then buy back same day. I reckon someone else has had enough waiting. We may hear about it on RNS or something later if it's MBU or BOD selling
Such positive podcast. As expected, everything is on track with a small hiccup. Most importantly sales secured!! Balance sheet being prepared. Dividends are still planned. 2nd HWM to be in operation by April.
Fantastic news which we all needed really!
With patience, this will be rewarding.
The more the SP is going down, the more people are picking on each other on this board. We are not going to solve anything by throwing words at each other. Each company has their challenges and its obvious that we have issues with the trains picking the stock. It is frustrating but could have been worse and eventually will have to get get better.Until then I will hold and wait lol
K3VMC - I don't know when you are anticipating to SP price to hit £1.00 but many of us here has been waiting for a year now! I would happily settle at £0.80 but if it does hit £1.00 within next 6 months you wish anything from me.
Btw I can see you are also holding BOIL shares, so do I . We are either both going to be rich or divorced by 2024 :)) LOL
Sharelad - Ben needs scheduled / consistent train pick ups to shift the coal they produce and healthy cash flow.
I personally think we have no worries at all in producing the coal. Without selling/shifting the coal, we won't get anywhere.
Stockpile could also have positive impact btw to prove to the train company that as soon as they arrive, they can return as there will be no waiting time etc.
More than the production news, I am more interested to see what plan B is to shift the coal in near future.
Penstock - don't worry about the negative comments. People in general on these boards dont want to hear anything that is not positive or reality. Let them live on their dream world where everything is so perfect. I am LTH and not going anywhere. Ben has a big issue with trains picking the coal up which is the reality. If people can't accept or see this themselves then want can you do? Lol
Trains have always been an issue but not showing up to pick anything for entire month is messed up!
What would you do in Ben's shoes? Least they are using trucks to shift some of the stock I suppose. Don't really blame them for not assembling the 2nd HWM. Company are doing all they can but being screwed over by something which is out of their control imo.
After all though it seems that we are heading towards 10p
SCE2AUX - I have a spreadsheet that I created to show me my average ;) It seems that I will hear the decimal mistake forever though as you won't let go.
Riseabove - if you can't see today's price, then I don't know what else to say. I never claimed to be experienced investor btw
Thank you all for comments, but I am not thinking to sell as I am under water already. It doesn't make sense to sell. I don't have problems waiting but I hope it won't take another year as making some profits would be nice after waiting this long.
I was wishful that the SP would go up after the RNS because of the hype I have to admit, hence why I am probably disappointed to see it at this level.