Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The only reason I can think why Mr Bond has not done a proactive or Sky interview yet, is because he must have another card up his sleeve. Ready to drop before the Christmas break. We all know how much he loves to get in front of the camera when there is an opportunity for him to spread his positive vibes.
Hoping for some 'real' Christmas cheer this year from AFC.
Haggis
It's not a profit till you sell, likewise it's not a loss till you sell. Simple rule really...
The numbers mean nothing until you press the button.
Everyone is on their own path, and hopefully have their own plan for price points to buy and sell at. We should not be here to try and convince others to hold, buy or sell, because it suts us.
Yes people, take all comments with a very big pinch of salt...
Haggis
You cant say anyone is a fool to sell at any point. It depends on their entry point, their individual circumstances and exit strategy.
Someone with a 5p average would be very sensible to pocket some cash at these prices. Nothing foolish about that.
MM do hold stock and sometimes they even buy and sell stock to each other, shock horror...
That's why traders in the Futures Exchange were called Barrow Boys...
The amounts they hold will depend on the capital base requirements of the company and their individual trading policies.
Just my two pence..
Daz
I hear you. The price creeping back up now, so still a lot of positive sentiment around. Yes how long it last will depend on what we hear next and how long it takes Bond to talk to the market. Personally I think he hasn't done one of his Proactive interviews yet because they still have more to say. I'm prepared to wait for this one..
Daz
I have tried your buy/sell strategy and have done ok with my last few trades. Have been here 11 long years and seen many false dawns, however the latest news has plenty to suggest that the ducks are lined up this time. MM's always play at shaking the tree and triggering a few stop losses.
This time I will be holding tight, because it's not going to take much for this to take off..
GLA..
BB keep up mate, I'm actually agreeing with you that the last rise up to 24 was a spike.. I sold at the top of that one and bought back in at 17. If it now looks like passing 29 (without any news), then that would be my new spike and I would sell some.
Obviously if we get good news before that point I will be holding on right. So far we get rises and expect the company to tell us something. Then nothing happens and the price drifts down again.
I'm just going to start playing the rises.
Its simple, if I get it wrong I still have enough in the game to be happy, unless AFC get it wrong and it all goes t**s up.
BB
All I'm saying it that there is still money to be made while we are sitting in this 20 something range. When I sold my shares I was going to sit on the cash until 'something' happened. Then the £31m cash raise happened, so I bought back in.
If it hits 29p and we still have no news from Bond, then I will sell 30% again...
And so on, and so forth..
Keeps it interesting and Im not sitting here waiting for AB to grace me with his soundbites.
That's exactly my point BB. I sold a chunk last time they were 24p and bought back at 17.1 post the offer, because of positive sentiment. If it rises now, but still no news I will sell again and wait for it to fall back. The pattern has been fairly consistent when you look back. So long as we have the news vacuum this is the only way to break the boredom.
If j had started doing this earlier instead of waiting for the magic £1. I would have been in a much better position today.
Not recommending it peeps, just saying ,that's all.
Make up your own mind.
ReoninV, following a post from Athansius, I think a little while back. I decided to start trading 30% of my holding when we have big spikes or big drops.
To date, this has made me an extra 70000 shares, and I think I will keep playing this game until we get some significant news. If I miss the big spikes, it's no problem since I will still have 70% of my shares in the game.
This is all because I am so bored of being stuck in this 20-25p range.
Notes
I remember that motion and it's not unusual. However, being obliged to include PI's and actually wanting to include the PI's tells you a lot about what value the company places on our involvement.
The 3 hour window is just lip service.
Listen, it doesnt take a risk manager to figure it out, Likewise it doesnt take a genius to make or lose money on the stock market. All Im asking people to do is to stop and think...
How many of your post start with.
I hope
I think
It looks like
waiting for an RNS
Blah Blah Blah
How many of us on here. myself included go through millions of scenarios of maybe AFC are doing this, maybe they're working with so and so ... its all if's but's and maybe's. I feel like Doctor Strange in Infinity Wars..
The bottom line is we simply dont know, and they have not exactly been open and transparent with us. I believed in the potential when I first invested in 2009 and I still believe in that potential today, will it ever fulfill that potential , well that is anyone's guess. I think doctor Strange gave his team 14million to one, hope our odds are better than that..
Yep BB, but in order to decide, you need time to review the information, look at the prevailing market circumstances and be able to make the financial arrangements. None of the PI's were actually given that opportunity today. Its like walking down the high street and a guy pulls up, opens the back of his van and gives you this story about how he has some brand new laptops for sale, half price..
Do you want a bargin??
Well do ya.
After spending over 11 years invested in AFC, Its fair to say that I, and all long term investors have more than money invested here. Emotionally we have all invested a great deal of ourselves and our hopes, based on the information/or lack of it, that we receive from AFC. Tonight, I was on my way out to work when the RNS dropped, I thought WT*, but didnt have time to analyse the information until I finished at 7.30pm. So I thought that I would revert back to my former profession 18 years as a Risk Manager, and evaluate this information in a factual way. To date most of my decisions relating to AFC have been the total opposite.
First a recap of recent financial RNS's...
19/11/19
Raised £520k to 'Enable companies ability to fulfill orders'
22% discount to Institutional Investors
20/1/20
Raised £1m to 'contribute towards manufacture of 160kw charger units'
20% discount to a private investor
22/1/20
Raised £1m to 'Further prepare for commercial deployment'
14% discount to a private investor
30/6/20
Raised £30m to 'Build units in order to assist with closing orders' (If we already had orders we would have had an RNS)
25% discount
Lets be honest here, that book was not underwritten, this means that they already have investors lined up to take on the lions share of this investment. The fact that PI's were given this very limited time to consider the impact of this major information and then make arrangements to partake or otherwise, proves that they didnt really need your involvement in the first place.
AB as said on a number of occasions that he will increase share holder value, to date we have had dilutions which have seen city investors getting huge discounts on current share prices while LTH are either shut out or left with the scraps. We now face massive dilution to build units. We can only hope and pray that there are 'real' orders in the pipeline...
We all knew that a big fund raise would be required before this really took off, but if AFC really wanted to add shareholder value they would have given the PI's a proper opportunity to get involved, and they certainly would not have kept us in the dark all these months whilst wining and dining their mates in the city and giving them the inside track on how to make a quick buck on the back of the long suffering LTH. Yes I hope that this will be something significant for AFC, but lets be honest, how much actual information are we basing our hopes on?? Put a value on your risk and then put a value on how much you have actually been told as facts, not possibilities or potential. I once trained a fighter who had the potential to be a world champion, his day job was in engineering. One day he got some metal shavings in his eye and that was the end of his boxing potential..
Good luck all , feel free to bash me, ignore me or whatever you wish, it wont make any difference to my investment strategy :)
We are all wanting the same results here otherwise we would not have invested. BB is a bit optimistic for me, but I totally respect his comments and research. Over the years we have disagreed on certain point, especially related to AB, but I will always read and consider his comments, unlike much of the garbage posted by some of the fly by nights..
When you've heard that for the last eleven years it does wear a bit thin.
Comparisons to ITM and other energy companies concern me because I'm starting to think that maybe I bought Betamax shares when I should have bought VHS...
You have to be a certain age to understand that one.