Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Phew! It appears the huge drop today was a Google finance error: I checked in to see this:
GBX 328.00
47.44%
-296.00 Today
TSTL
but on checking other sites, it's clearly an error. Quite terrifying to see though. Bad, bad Googledog.
...at being able to buy more below 60p. A bargain for a company with this proprietary technology, with several commercial tie-ups already, a big range of potential applications worldwide and an extremely bright green future.
I'm impressed and reassured by the strong support AFC Energy has been showing at 75p over the past fortnight after its recent meteoric rise and after significant profit-taking. I've no intention to sell in the short term, there's just too much likely good news around too many corners.
Thank you from me too to all the Southbank Exponential Energy Fortunes subscribers who sold half their shares yesterday and this morning, as recommended by advisor James Allen, to give us a much appreciated opportunity to top up at under 70p. That might have been our last chance given the stratospheric potential of AFC. Nothing rises like Hydrogen!
I believe the share price has dipped (slightly) simply because of the enormous increase in the share price over the past month causing some investors to want to bank profit. James Allen of Southbank Investment's 'Exponential Energy Fortunes' newsletter (subscription) has just recommended its (thousands of) subscribers sell 50% of their holding in AFC in order to lock in a 500% price gain since they first recommended the share at around 13-14p. Thus, a herd of subscribers will have done that today, sufficient a number I should think, and with sufficiently large holdings following a 500% gain, to affect the share price today. Note that Mr. Allen recommends hanging on to 50% of the stock in anticipation of likely further gains. This herd action may have triggered a happy buying opportunity this afternoon! I'm certainly not selling. The price may well prove volatile, but I'm in this for the long haul.
For what it's worth, I had the grand sum of £450 sitting in cash in my ISA which I used just now to buy to top up my AFC holding at 75p. I'd normally wait until the cash built up to at least a grand before investing in something, but I reckon £450 extra added to AFC can only do well in the long term, and certainly better than the 0% interest it'd otherwise get. Yes, the price could drop again suddenly; but equally it could shoot up as suddenly and never see double figures again. Whatever happens in the short term, in the medium-to-long term, true investors (as opposed to short term speculators) should do very handsomely with this company.
Not in the least. AFC is a quality company with a protected monopoly of an essential, extremely valuable technology which is now all set to see worldwide take-up and explosive growth. It's completely normal that some will seek to take early profits after a sudden, steep rise. However, there's no way the price isn't going to grow steadily and strongly - perhaps stratospherically - over the next few years.