Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Potential- having or showing capacity to develop
Verify - make sure something is true
Confirm - establish truth of something believed to be
Ref previous RNS - either way it’s worrying
The way these smaller companies ( specifically the lines of rmp and rrl) make money is to find a prospect they can hype up and then raise further funds on the hyped price - ur best best with this is wait for the sub 1p and then buy in - wait for 2 to 3 years and sell in the next hype job (4p) ish - not quick money but you will make yourself 100% per year
For what is left in the lower regions? / re entry? 1.3p ?
RMP pulls another blinder!
Logically and probability it will be potential significant price changing find - think we will suspend hear and prob open 12p ish Tuesday/ Wednesday- give them time to assess the potential feet net pay
Suspect next week will be the movement week therefore today and tomorrow until 1400 will be a slow drop trying to flush out some sellers and then after 1400 tomorrow bring back up to 4.2 ready for Monday and the ‘ wouldn’t want to be out of this....’ scenario
Not playing games - not naive enough to think any of our comments influence the price ( await the comments about my use of the word naive..) granted unusually the price did not drop on spud . I’m still in and hoping for 8-9 p by end of next week and will sell half and see how price settles - no games just thoughts
88 and Rmp got this because none of the big players wanted it. It is a 1 in 3 shot despite the 26 out of 26 talk. And ‘only 4 miles off this that or the other field’ - 4 miles is a bloody long way ! Selling on the hype of a sniff of oil
Fair point - I probably won’t wait til the end...
Fair enough - I might leave a few quid for the end!
Of course if there is commercial oil in these blocks then why haven’t they been snapped up years ago - if something looks too good etc.... however having said that, I’m not confident of a commercial find however I think the real opportunity here is I am very confident they will report oil shows on the way down - the share price will have a predictable spike (12-15p) and at that point I’m out - in my view that’s ur best chance of making a few quid - v high risk to wait for commercial results
High risk to wait for results - nice rise then sell on spud as will drop 30% on spud - back in when styled and sell again before drill completion as will drop pending flow tests - if we hit something on way down then expect a very excitable rise - sell opportunity. This is not about bandy et al - it’s about the predictable rise and fall of a small oily share . All my opinion etc
Don’t rely on a successful drill, just play the spikes - spike pre-drill, drop on spud, spike during drill if we get some positive indicatotions, further spike at 90% of still schedule then most likely significant drop on unsuccessful outcome - bandy stays rich - my next sell will be one week before spud if I can get the timing right! Wait for the 35% drop after spud then dip back in
Are we still on track for the gold bloc coin before end June? Ta
Wrong board