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Wow... almost at an all time low and I did not expect this. All started with the NED dude who sold a chunk. I have bought a couple of hundred. There is some positivity in the press and from ASOS and that dude sells every year anyway. So will hope for the best.
Will check this out at xmas.GLA
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They may have a good understanding of the business but we won't know why the sell happened. Sometimes its sjust to raise money for a personal venture.... to derisk.... could be myriad of reasons. I wont read too much into personally.
Alot thinking about realising losses to end the pain of the last few months i am sure. I was one of the ones buying in up at 17 and feeling alot of regret. Big hit to my pension and i just cant see this ever getting back 17. Wish their RNS at the time would have used more cautious wording around the quartz system giving best and worse case scenario.
Little did i know market had already priced in a big gold discovery in probability and that a huge fall was enevitable if they had not. The buzz from the chap on twitter who said its next big one. Etc etc... im a sucker.
I want to sell but cannot bring myself to in hope something may happen which will recover a few.pence in the share price. Lost so much that losing the rest hardly matters.
Lesson learned. Stay away from exploration.
However positives I can see though is that gold does exist and maybe on another part of their patch it will be viable given time. There is some of the geology there and right next to Newcrest haveron.
I hold and giving hope for all of us.
Hey exactly my situation. I bought at 17 and sold some of my holdings in the 7s because of the squeeze on my finances. Big ouch. Hoping that the rest of my holding recovers its losses on assay results.
Gla
Just unlucky. Hopefully this
Watcher that is a nice cautious approach to wait for assay results, but if they show gold in vast quantities you will have well and truelly missed the boat and you run the risk of getting in too high of the market over inflates SP.
Its Ok to take a gamble on this if you can afford to.lose alot. I am not ramping but the pictures and talk about mineralisation would suggest to me that odds are not terrible of this all working out positively.
Just takes quite a bit of waiting about. Im hoping for the best and not checking these shares too often given that I am at a rather large paper loss.
Thanks to Wishbone for putting up that picture up on Twitter. I am happy to hold now and find out if there is a commercial gold discovery. That gold colour in the core looks quite promising.
I understand that nothing can be said until assay results and Wishbone doing the right thing by not speculating on what has been discovered.
I accept the risk and will hold Gla. Ill check back on this in a month.
I invested at 17p and very ****ed off. They told us the cores were promising and have just not said anything further after the raise.
It lools like they were maniputaing the SP to do the raise.even if that is not the case, it looks like that and that erodes trust.
Im hoping the silence is just because they are still waiting for assay results and litterally have no news to report.
I topped up again to reduce average and reduce paper loss per share. Feels slightly better. Will hope the results are decent and will hold. Nothing else to invest into now anyway whilst markets are like they are. So may has well keep it here.
I agree with this. Bad results are expected from ASOS at lower end. So cant see how this can fall on results unless they are worse than lower end as this is priced in at the SP.
What we have seen probably on Boohoo is some of the shorters waiting for results and the closing up. This could happen with ASOS too and may end up up. Lets hope so!
I bought in at 17p :-/. Only put a grand in but I cant believe this has halved in value. Feels like they pushed this up in price to fulfill a placing and then let in sink.
That cant be it. Do you still think they have a massive gold discovery in play or is it all hot air?
Looks like market want to value at net asset value at half year. If you are a shorter congratulations, but do spare a thought for us shareholders struggling to contend with the very large paper losses that pretty much all of us see on our screens. Over 70% just since start of year.
I hope there is no takeover as I would much rather hold long term to a recovery. Net debt is only 10m ish and plenty of liquidity at this point to ride out for quite some time yet. Obviously Boohoo could not survive if this bad macro environment continues years on end. In reality though I think the probabilty of that is low over the a number of years. The 1980s inflation was driven quite alot by the oil shocks which we are not seeing today.
Having a look at commodity prices, its not as bad as media portrays it. Crude oil is only up 4% year to date, natural gas is up only 23% and down 27% in a month! Guess what if gas prices are high poeple use a bit less which takes edge off the rise. Two weeks ago the ONS said that unemployment was at its lowest since 1974. That is actually one of the drivers of inflation but also shows that the economy is not as bad as everyone bangs on about. Household savings are quite high and its actually consumer confidence which I think is the main issue here. We forget that generally wages will rise to an extent when there high unemployment which helps offset some of the real loss in earnings.
I hate the fact that the government coming out of the 2008/9 period put up taxes and cut public services at a time they should have been doing the opposite and now they lower taxes when they should be keeping it higher to take a bit of money out of the system and just helping the poor but its all politically motivated to counter the negative press narrative which has actually back fired somewhat. Lols.
The doom and gloom by the media is causing so much of this poor consumer confidence. Why don't they comment on some of the good points as I have just done. Its the same at every down point of the economic cycle.
Why do they see interest rates rising as a bad thing! in short term yes. But its only about the short term. For most of the last 50 years the aiR has been above 5%... that is and should be normal. Having interest rates too low just stores up debt and having interest rates higher means that BOE can respond to high unemploment in the furture and governments wont feel so compelled to mess with tax.
For me boohoo are doing the right thing. its about maintaining sales and customer base to provide that recovery platform in the hope it happens when confidence returns.
Just a bit positivity from me in this doom and gloom pit of dispair.
Posted that too early before I wrote the rest... anyway government actions are inflationary and will harm longer term.
Regardless of the government actions which are reckless and politically motivated, Boohoo will be ok over the long run. Of you dont need the money tied up in shares in the short should be alright when normality returns.
Government has done wrong thing cutting tax for the middle income and high income families.. Help should be concentrated on the poor, not on the well off. Because the purpose of tax is to redistribite wealh and control inflation.
Boohoo is currently trending on the Mytopcashback (MTCB) website. As they are offering 25% cashback. Then you click through you then get offered a further 20% off or 25% off via app.
So Boohoo really going for the sales and they are number 1 on MTCB +484% up trending traffic not surprising with a deal like this. Looks like its boosting sales but is it making money?
Is it a grab for more customers who may repeat buy? Season feels like its starting to turn to autumn so makes sense to clear out?
Anyhow I am confident Boohoo are gonna be ok and will average down if need be. Revb was a bit a confidence for me that the business was generating enough cash to feel confident investing.
Inflation is down slightly and that was a good sign for me to average down.