Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ive never contradicted myself buyt im glad we are now clear. Regarding ramping and deramping, there are serial sinners on both sides. As for me, id just like some more communications and a rationalisation of Bond's remuneration package to align with sales (AFC have been at this now for long enough). That re alignment would acheive two things: it would focus Bond and it would test his commitment. Is he prepared to share the pain for not hitting a sales target (im not even talking about his basic but his bonus) or does he want to keep raking it in while afc sell nothing and dont talk to anyone? I dont think thats entirely unreasonable.
Lets define "Trader" as it seems to be being used by some on this board as an insult and to define an extremely short- term tactical investor who spends his day gazing at a screen and buying and selling several times a day and doesnt care or think about fundamentals of the company he's investing in.
I am not that.
I've held since 2006 and more recently have sold some, left profit in the trading account and bought back in increasing my shareholding and making some profit. I've done that maybe 4 or 5 times over the last 5 years. Each time ive increased shareholding in afc. For years, I sat and sat and sat on these waiting for the "big one" I missed one when it went to 80p in 2010 because I was waiting for a pound plus and that cost me dear in a missed opportunity.
If you never trade you will never realise an investment at all - unless you just like collecting shares to hang on a wall. If someone sells some shares at some point (which Haggis will do so he says) then he will have made a trade.
Having millions of shares bought at an average price of less than 1p (no sorry didnt happen) and NOT EVER selling some at least when the SP reaches 70p or 80p to either bank a few hundred grand or buy back in to vastly increase your holding on a highly volatile, non commercial, AIM listed share is utter stupidity. Unless of course you are already worth hundreds of millions (which Haggis is not). So, I go back to my original statement I don't believe him he's off in LaLa land and/or he's plain daft.
Proof if proof were needed that ramping or de-ramping on discussion boards has no effect on SP. Dissapointing we still have a deafening silence from HQ. Haggis seems to be saying that he has a huge shareholding he has built up and is sitting on a massive profit at an average of under 1p and is not selling any at all even to buy back in because he's waiting for the motherload. NOW THAT IS GAMBLING! If that's the case he's off his head. ..unless of course he is already very wealthy and doesn't care about ringfencing profits. By the way, AFC shares never went below 1.3p so putting all this together I'm disinclined to believe what he is saying.
I am not rich (I do alright) and I'm sitting on substantial shares but not millions and my average is 18p. On that basis (my situation) I agree a hold is the right thing for me as im not a trader and I have enough faith that it will get way beyond 29p but on the figures he's been throwing around about his shareholding , average prices and current profits - NAH! hes a fantasist!
Daz, Garonne, when to release positive news is a nice challenge to have. I think it depends though on the nature of that news and at what SP you would like to sell (with or without a plan to buy back in on a fall). If it's a really fat contract then let's hear it so the SP can continue to rise and find its natural place in the £s. If it's a feel good piece of news that takes us up to 80p with a slow fall back to 20p then maybe some antipation may help. Im wondering if there are people who are in the know who are driving this up in which case it doesn't make any difference as these major investors already know and presumably are buying off the back of it! I certainly don't know . Cause and effect doesn't seem to apply to the AIM market a lot of the time of course.
I had a chance to read through ABBs Results. They have mentioned at least one partnership around reduced CO2 with a smelting company and lots of sustainability strategies inc gender parity (v important of course) but not one mention of AFC I'm afraid. If I missed something then please do highlight it on the board.
Problem is Beachboy there's simply nothing to say whether good or bad because news has dried up and AFC doesn't appear to be selling anything or making any significant advances. So, on that basis there's no point in ANYONE posting ANYTHING whether it's the angry mob or the glee club. (just thought I'd add another pointless post to add to everyone elses :)
Oh right! Just making it up then. Of course, there will inevitably be some good news announced at some point but how good and what effect it has on the SP is anyones guess. Just checking and clarifying. Dont ger me wrong though, hope youre right. Bless!
Great! I hope you're right. What announcement precisely and when exactly is it coming or are you just making stuff up? I mean lets be honest... that mantra has been chanted for months to be honest. So, go on, put us all out of our misery and share your knowledge.
Unfortunate choice but not so inaccurate I think Amusemt now....Isn’t that the Dickens novel where the jilted bride just sat for years growing old and collecting dust while still in her wedding dress waiting in vain for her ride groom to show. :)?
Johnny boy, I too seldom visit this board except for the past few days and thankyou for your very eloquent appraisal on which basis we can look forward I hope to some great news and a very strong SP next year to match Bonds fantastic salary and bonuses? I would settle for that. Meanwhile, keep up the cheery commentary. Didn’t realise you were a lay preacher...”keep the faith” and all that. Are you feeling the warmth of gods love as it shines on afc or are some more tangible advances required?
One of the things I have observed that held the fuel cell industry back in th 90s was owners and executives spending far too much time (and money) on paying themselves, building their profiles as clean energy gurus, constantlly re-negotiating their packages and hiring far too many "consultants" and too little time and money on good, plain solid work developing, marketing and selling fuel cell systems. I did just fine when I sold out my shares after we went public. and i didnt need to be greedy because that wasnt my motivation. Plenty of time Bond et al to be Elon Musk and pay themselves small fortunes when AFC makes Tesla money.
If Bond and his mates takes any of this onboard (assuming they read the boards or give a toss) then the benefits will far outweigh the downside on SP. People that buy the kind of volumes that will shift the SP anywhere remotely interesting won't give a stuff what you or I say to be honest.
No, way before that but our tech was a precursor. Much improved now of course. We were busy reducing Pt content and simplifying and reducing system peripherals. Same old game. BUT success is about plain solid work and working to a budget. Plenty of time to get rich later. Ive said enough.
Alt muddle Id rather see Bond sell in volume so we dont have to p*ss about with 84p. Besides which the SP spikes have had little to do with Bonds activities (see earlier post) Sell lots sell at a high price and reduce cost of sale.