Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Again...Right now this stock has no base,the traders are in charge of this right now and because of that it could end up 9p or 14p...Depends which way the mm's want it to go..There isn't any massive buying pressure on the book at this stage and nobody knows how many AT seller has left ...
oh come Do not panic,lets keep a bit of balance....the mm's are not desperate for shares at the minute..The book has been level for the last few hours if not negative..They are just trading normally right now..
Holding big paper losses from 40p I appreciate it is difficult watching new people come in and make money but sometimes you have to put somethings in perspective..I've just visited the wife of one of my employee's who was killed in a car crash at the weekend..Seeing that young family in bits reinforced to me whats important in life...
Managed to get some more on the dip...That's it for me now..No more buying or selling..Now I'm happy to sit and watch this play out..
So with all that was going on yesterday,they opened a book first thing,sold a placing,closed the book completed the paperwork and gave ii's chance to forward sell...Seriously???? He's not after a buy in opportunity then is he...lol
Yes babbler..That always annoys the hell out of me..They shake the tree and fleece a few out, yet you cant get a buy quote for love nor money
it's easy to have a pop about with the company about the level of info in the rns yesterday and since,However we need to remember that the rns can only be issued once approved by the nomad..They are notoriously strict on things like this and only ever want to put the very bare essentials in it,thats the same for every company on the aim..it's there job to make sure that they don't leave themselves open for litigation on info released...
Yes you are spot on there..There will be some like me who originally bought in yesterday purely on the oversold chart..I was looking for a quick trade..However I then spent some time (most of the day) researching the fundamentals and have now changed that plan to a longer term hold...And have added to my holding at various times yesterday..A lot of the traders will have made there money already and be long gone..I notice a few of the usual suspects who were tweeting about this yesterday are now tweeting about others..So the herd will slowly disperse over the next couple of days and then it will need some communication from the company on the state of play..
Is that actually planned for today or was it just a rumour they were doing one?
Don't be fooled...It's just taken me ten minutes to buy more at 10 with no quote for ages....
The volume today has been huge,and a lot of people lucky enough to jump in this morning will be in big profit..The last hour is were lots start cashing in...If it hold present levels then we should see another blue day tomorrow..It's a clawback but every little helps..
Initially as a trade on it been very oversold,however after spending a hour or two looking at this,i've changed my mind and am going to keep them all...Gutted for those who are hurting I've been there..However theres a lot left to run here and theres still a great chance of approval...Reality is none of us know the real situation on rectification for approval....Until then,those who want it down will tell us it's going to have to go back to testing and it will be years,and those who want to trade it hard will tell us it's only a short delay....Don't listen to either tbh,the company don't even know fully until they speak to them...
I wasn't expecting big gains today but I have to admit I was expecting it to hold a bit better..It just goes to show how the AIM market has changed this last few years..Theres a lot more in and out traders than ever before and long term investors are diminishing..
Even news like this doesn't convince them to hold,they would rather chase elsewhere then come back and revisit..The reality is these days that sharp rises are followed by pullbacks on most shares..People try and find reasons like treeshakes and letting institutions in cheap etc etc but personally I believe its more to do with lack of patience..simple as that..
On the contrary,i'm in contact with many large shareholders on a regular basis in various groups and funding is a hot topic at the moment..And no I didn't attend as I was out of the country on business...
For the record I've been a holder for many years,longer than the vast majority on here I suspect as seadog will confirm..I'm a big believer in the concept of what NUOG are about which is why I've stuck with them so long..However I'm not going to blow bubbles up people saying it's going to fly and whilst I'm positive for the future I'm not stupid enough to ignore the past and progress made..
whether your a ramper or a troll or like the most of us long suffering holders..You only have to look at the cash position to realise that one way or another they are going to need funds at some point soon??? I'm not really sure how anybody can argue against that...
I've got to admit I'm still in two minds here...In the past I've had a few conversations with seadog both on here and twitter before he went inside and I don't question him at all,i admire his positivety however 6 months ago I was as bullish as he was but you cant get away from the fact that operationally things haven't gone to plan on these marginals..I can remember in the summer everybody including seadog was expecting something to break imminently,then it was the same just before bonfire night...And yet here we are...
Yes we've just had a big management change and yes they are saying all the right things but until this company gets away from talk and starts delivering some actual action then it's past will continue to haunt them..It's hard to argue with some of the trolls when they say NUOG never delivers because lets face it so far they haven't...
This is it now for me,it's time to deliver some shareholder value on there promises and tweets..The next 3 months will tell me wether this is a company I continue to stick with (at great cost so far) or put in on the long list of hopes and dreams AIM stock...
You would have needed to buy in the last 3 weeks or so to be in profit...The rest of us have a way to go yet..lol
todays interest has given me confidence of a little top up to average down a bit..That 526k share trade was my buy,showing as a sell..
He has closed down his twitter account due to the amount of abuse he was getting from the multi alias troll club,some of it was quite nasty...He has gone on holiday for two weeks now as he mentioned last week..
Not just for my sanity here but just so we don't have listen to the endless reminders on the boards past poor performance... lol