Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To add to my previous thoughts... I am a long term holder and believer and have done some nice trades and still hold AFC shares. But until we get sales I'm not buying any more and I'm certainly not selling any. Until then it will be highly susceptible to external factors. HOLD and fingers crossed. They seem to have a good strategy and some great relationships but the game changer is SALES. Good luck all.
Sales, we need sales, big volumes, contracts, healthy P and L . Until then and despite any market analyses from various keyboard gurus, MOUs, co development proof of technology projects and "bull markets" etc it will continue to flail around at these prices. Right now, and until that changes dont buyer over 20p and dont sell under 80p.
Agreed but to be honest 80p plus starts to get vaguely interesting. Also. anything even approaching the rampers (so far) unattained predictions may trigger a sell from me with a possible buy back in on a fall.
Everything else is "business as usual" in the SP swing and product development, future promises dept. So its just a HOLD unless one is a day trader.
Agreed Daz . The guru is promising way beyond 80p. Weve heard this man times before and i hope hes right but i would urge caution to new investors not to act upon these comments
Happily the sp is unaffected by such opinions. Im just sharing whats worked for me. For the "gur" not really reading properly I said "I never sell under 80p" which doesnt mean i will sell at 80p if afc lands a massive contract it means i dont sell under 80p. and as i say, it's worked well for me so far.
And for the angry person who doesnt believe it will ever get to 80p again I wonder why they even visit this site as they obviously dont believe in this share which, by the way did get to 80p twice.
Good luck everyone :)
I send a perfectly reasonable and balanced post and get attacked! My point exactly.
Perhaps the person attacking me feel they are one of the self appointed gurus I was referring to?
good luck everyone.
I've been in this share since 2006. Ive seen 1.5 p and ive seen 88p. There will be people madly ramping this share and quashing any hint of criticism when its performing badly and there are people that do nothing but rant negatively and there will be people reporting and blocking posters they dont like....
IGNORE ALL THAT!
Truth is that AFC has taken a lot longer to get to market than anyone anticipated, even AFC. It's also true that news flow is not brilliant but then again, why report news if there isnt anything to say? On the other hand, AFC is still here, it has a lot of partnerships in place, the market is horrible right now for a whole host of reasons and a lot of other players have suffered badly if not worse in this sector. What to do then?
I've always bought under 20p and only ever sold at over 80p. That's worked for me.
Ive taken good profits as not taxable cash over my original investment so AFC doesn't owe me a thing and I still have a handly enough shareholding if it goes big.
So... Ignore all the BS, ranters and self appointed "investement gurus" on this site. I repeat: Ive always bought at under 20p and sold at over 80p.
Good luck everyone :)
yesterday I posted a quote from warren Buffett who also said to buy on a rise rtaher than a share thats falling. It appears AFC is on the rise again so its not a bad strategy. On the other hand, I wouldnt over expose myself as this is high risk. You can win big or lose your shirt - AFC is far from a foregone conclusion. Ive taken profit in the past so AFC owes me nothing and im sitting on the rest on the grounds that if it fails ive still done OK. certainly i wouldnt sell. If your high risk strategy succeeds then good on you. I will win too but not as much I suspect as you. Timing - if you can wait then it plays in your favour. BUT, lets all be clear - its high risk as AFC could fail.
You don’t buy on a declining share price. Warren buffet will tell you that. It’s a fools game. A million shares in a company that’s losing value wIll continue to diminish in value until it bottoms out or collapses totally. You buy on a rise, that way you stand to make profit. Until or unless AFC posts news that suggests it’s moving towards revenue generation it cannot make steady rises in sp and therefore return money to an investor. Of course, if one foolishly bought too high on the promise of smoke and mirrors and are sitting on a loss then 17p might look like a bargain and if you fall into that trap you are just compounding your losses.
However painful or frustrating, holding or cutting your losses to reinvest in something that’s actually performing would be the smart play at the moment.
“One day when afc finally makes it my millions of shares will be worth a fortune!” Is an alluring fantasy but statistically highly improbable. Many have lost money on the stock market adopting that position. Better to buy a lottery ticket!
As Churchill said: "The truth is incontrovertible. Malice may attack, ignorance may deride but in the end there it is."
25.88p and silence.
It doesnt really matter what rampers say or de rampers say. All the pontificating and arguing doesnt change the facts. Virtually at luanch price 2006.
There it is.
For me this is a hold. Ive made my invesrment back and some profit so ill hold just in case. Good luck everyone.
Good luck all.
Sell, buy or hold? thats the real question ultimately.
My personal perspective (although I dont give advice of course).
Sell? My average buy price is significantly lower than 32p but I would not make enough money to make it worth it to sell.
Buy? I have enough shares relative to my portfolio and the dribbles of news right now do not give me enough confidence that it will shoot AND sustain a high SP (£1 plus) any time soon.
Hold? Thats the one for me. The background noise is encouraging and if it follows the AFC pattern and there is a significant RNS it will rise to 80s then fall back UNLESS its a massive order pointing to sustained cashflow over the next year or so.
If I hold then I can assess the news as and when it comes out and either sell some then reivest or split the profits knowing it will drop back or keep skimming profits as it keep rising.
In any event it's still the waiting game. But i wouldnt buy or sell any right now unless i was a day trader or ii I suppose.
Yes its frustrating I agree but ....
you only lose money if you sell. One's level of irritation is also likely to be affected by your average buy price and your need (as opposed to want) to cash in a profit.
If you paid more than say 30p for this stock and you need the cash out then you will be frustrated. That may require you to look at your trading strategies in general especially with AIM.
Yep, FYI im not one of the moaners and have made money on this stock tbh. I've held since 2006 in varying degrees and it's my gut that this is different this time around. Let us hope AFC really have identified the right market, the right relationships and that the product is bullet proof and manufacturable in volume.
Hi Bondy,
I agree about getting angry but lets put this in perspective. This company launched on AIM in 2006 at a SP launch price of 23p or thereabouts. Since then and despite several promises of products and sales it has deliverd very little and has not launched one commercially successful deal of any consequence. Meanwhile there have been endless requests for calm, patience and reasonableness with the odd "success just around the corner" thrown in.
I think scepticism and a little anger is not misplaced to be honest.
AFC launched in 2006 at 23p I think it was. I bought a load. What a strange world that we still find ourselves abck at that SP!
Happily I've averaged down and made some profit too but it really makes me wonder what the business is actually doing! Leaving aside of course all the conspiracy stories.