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"Why do people fall for the football con. Try watching it sober,it's awful."
Thanks David you've given me a good laugh tonight. I suspect you may well be right so I'm not going to take your advice and try it sober.
We own a minority of a terrific gold mine tantalizingly close to production. NCM with their majority are in the driving seat and always will be, no matter how much of a fortune we doll out to bring a load of celebrities from the mining world on board.
I get that we need to fund our share of production, but can’t help feeling that we PI’s have been pushed out of the way to make room for big snouts at the trough.
Sas You ask why would you want to vote off AB from the board of directors and infer that Coinstarx knows Jack S***
Perhaps he knows of AB’s role as CEO and Chairman of the BMR group. About which to quote Share Talk, “Another listed company that has left a trail of destruction behind it”
Can you honestly say you’re totally comfortable with his role here?
I’ve noticed quite a few posts recently expressing unease over the share price action. To quote Qf as a recent example “I now find myself questioning my decision, however I cannot see that anything has fundamentally changed”
I remember something Peter Lynch said on You tube (Now I can’t remember the exact numbers, but it went roughly like this.) He said he’d bought a stock for 14 dollars at what he’d thought was a really good price. It went down and then down some more and eventually went as low as 8 dollars. So he checked the numbers and his thesis again and all looked good so he held. He ended up selling at 64 dollars.
Another thing he said which made me think was that to make money in the stock market your stomach was more important than your brain!
In view of the high PI holding here, I can’t help feeling that the share price action here has more to do with manipulating PI psychology than any intrinsic value considerations. With low volumes it’s been quite easy for deep pockets to manage the share price. I know from past experience that when I’ve had my head held under water for ages (share price below my buy in price) , I’m tempted to sell as soon as I can breathe again.
One more thought. Qf says he cannot see that anything has fundamentally changed. Really? What about the new high grade zone?
"What is this board talking about - anything bar drilling"
Maybe this board Bamps, but Sandeep was talking about it yesterday.
“The deposit’s not even fully defined at the moment (Havieron) but it’s significantly larger than what we expected……….Whatever mine method one needs to use, even open pit, we know how to do it. So our search space in exploration can go anywhere from surface exploration to kilometres deep ……….And of course we drill a lot of holes, because we’re not worried how deep the deposit is.”
It seems to me that with all these large trades, there's a lot of involvement from seriously wealthy entities here, whether individuals or institutions. I'm not even going to try to outwit anyone with that much firepower, I'm just going to whittle away at my average by buying a few more each time they drag the price down. I suspect that their tactics may be to engender so much fud that PI's capitulate and sell in frustration. Judging by some of the posts today some have already succumbed so it's working.
My defence strategy for what it's worth has been to copy 'n paste some of the more inspiring posts (eg Chippy9 13:08 two days ago) and promise myself that I'll read them before going anywhere near the "sell" button.
Looking forward to this evening. GLA
I’m pretty sure that JiffyBag’s thoughts re the shorters are right if the sudden lack of green boxes showing up from my filtered FUD posters is anything to go by.
They’ve moved on because there wasn’t enough meat left on the bone here. I’m guessing that they were meeting more and more resistance and decided to throw in the towel.
There was probably going to be a gradual move up anyway with all the expected news.
As an aside.
People are now saying that it was way overbought here on the run up to Scally results. We were hoodwinked by rampers etc. My reason for going so overweight then was simply an eyes open straight forward gamble. I figured (and still do) that the upside would have been fantastic if Callum had indeed got the magic formula to keep finding massive deposits with the amazing precision he’d demonstrated at Havieron.
I’ve enjoyed watching and listening to SD’s recent interviews. He comes over as a very straight forward guy who plays with a straight bat and who’s open and willing to answer questions (as far as he can within the rules) and really has the interests of the company at heart.
But, apologies Floater ‘cos you’re gonna hate this, I do have misgivings over the latest shenanigans. According to the apologists we’re supposed to shout “Yippee doo dah!” because the CEO and a couple of Institutions have bought in at a 10% discount to the lowest price of the year.
I myself tried to buy 50k on Friday morning having sold other holdings to get the cash. I could only get 40k and that at 14.89 because according to AJ Bell the market makers quoted 15.5 for the 50k I tried to buy. (I didn’t have enough cash for that.)
It seems obvious to me, from the price action on Friday, that the PI’s would have bitten Shaun’s hand off were we to be offered the same opportunity as he and the instis were given to get the shares at 14.50 (yes I’m aware of the token 4 hours or so you could have done so with Primary bid - if you’d had the cash to hand.)
A poster used the word “sneaky” on Friday to describe the events. I’m sure that wasn’t the case and SD had the cash just waiting as did the instis and didn’t get any more warning than the PI’s. But you have to admit that buying on the open market would have avoided anyone being tempted to use the word “sneaky.” Never mind though, the poster was promptly threatened buy other posters who said that what he’d written was potentially libelous, and I’m pretty sure those posts have disappeared.
Q “Why haven’t you bought any shares?”
A “Watch this space.” Or was the answer that the share price wasn’t low enough.
Q “Cash position?” A “We’re fully funded for 2022)”
Q “Straight bat?”. A ?
Worries. That SD and his wooing of the intsis is going to end up with a cup and handle share graph with us PI’s holding the saucer.
To confuse Floater and to end on a positive note.
Kudos to SD. This was all done completely openly without trying to avoid the scrutiny and votes at the AGM. And, even more positively, SD is happy to go public with an interview.
Good luck all holders,
Negative Nige as my family call me!
P.S. None of my business, but I would sleep easier if I knew GH was still in!
@JiffyB “Well they can go to hell as FAIC cos I ain't selling and am instead buying”
Such good intentions sound great, and everyone has a plan until they get punched in the face, to borrow a phrase from …was it Warren Buffet?
Maybe I’m an idiot or more likely just senile, (Although I did pass the 11 plus a few years ago). Anyway…..
Until recently I held a small number of shares in EUA and thought that I’d got a good entry price (about 22 or so). I held on as it went down and down and you guessed it, down. Finally it went to 14 and someone posted on the EUA bb something like “Heysus, how much lower is this going to go?” I still had a few quid left so though “You know what? I really don’t understand this stock. It’s in a dodgy jurisdiction and maybe I would be better off selling up and putting what’s left of my cash somewhere else.” So I pressed the sell button. Now, call me paranoid but some entity was watching me and just waiting for me to throw in the towel. The very same day the price shot up and up the next day and the next I think.
The moral of the story for me is that I’m vulnerable to manipulation and so am relying on a few safeguards I’ve put in place here to keep my fingers off the sell button. Going back a few years now I’ve copied and saved some of the more inspiring posts from the likes of PG, Bamps, Zoros, Magic and others, and promised myself that I’ll reread them if ever I’m feeling panicked into pressing the sell button again.
If like me you’re just a plain old PI, don’t be too smug. Accept that you’re now in the ring with a lot of very clever and sophisticated entities that will have an awesome arsenal of techniques to part you from your shares.
Investor 95, you mention investing in rdsa as well as imb. I think most uk investors would choose rssb rather than rdsa because of the dividend withholding tax on the A class shares. I realise there might be other reasons for choosing the a class shares but just thought it worth mentioning in case it had not registered on your radar.
Don’t often post because I’m a glass half-empty, grumpy old so and so. My last post was critical of Shaun and I must say his performance today has completely changed my opinion. I take back my previous comments about him. I thought he demonstrated today that he was in total command of his brief. He was very confident and open with his answers, and has left me feeling a lot happier with my holding here.
Jerry. Yep, ignorant I’ll own up to. “Oversees” was the wrong word. I googled synonyms for a more suitable word and “oversee” was the best I could come up with. I was trying to describe someone standing silently (not idly) by, while the company they’re in charge of has its share price slaughtered. GH was subject to the same JV contract and he still managed to communicate pretty well.
I don’t expect brokers to ramp the the sp. But it appears to me that the effect of appointing Cannacord has been the complete opposite and has been detrimental to the share price.
I am saddened by the thought that my post could in any way be construed as an attack on Bamps. I am full of admiration for Bamps’s painstaking efforts and am extremely grateful for his and Bottle’s contributions.
What's he accused of? Overseeing the devastating fall in the share price. The evidence? The share price since he became CEO
What could he have done? One or two things spring to mind. One is explain when he had the chance, just why there were so few holes reported when the promise was for a massive amount of drilling before the end of June. Didn't he also appoint Cannacord? That's bit us in the derriere hasn't it.
I think HL are maybe considered better than AJ Bell for funds, but for shares I think AJ Bell has the edge. I moved from HL to AJ Bell simply because of costs and am very happy. (Dealing charges for GGP type shares £9.95 vs £11.95 and reducing to £4.95 vs £8.95/£6.95 for more frequent trading.
Have found AJ Bell very good and patient with me with regards to customer support.
A lot of people like Interactive Investor but I left them when they increased their charges and at first threatened to keep any dividends of people that left but then relented on that.
Just my tuppence worth