Can this go any lower - I think it might be bottom. Taken from one broker a couple of weeks agO:
ITV strikes me as a good candidate for a dividend-led investment. You could collect the dividend income and reinvest it back into the firm’s shares to compound your money. If growth sparks up later, share price appreciation could add to your gains. I think the company is well worth your further research time right now, while the shares appear to be out of favour.
Welcome James, it seems now is a good time to get in as the uncertainty over the Marsden quarry appears to be denting the share price. Have no fear, it will recover, but this is a long term hold IMO.
Thanks all, actually I'm quite happy to join a slow and steady investment - I needed to balance my risk a bit with other choices I'm holding. This is fine as a slow and steady wins the race bet.
I suspect the recent placing caused a quick sell from this morning's spike on the positive RNS, by those who have become impatient. Disappointing to see how easily the price resumes rock bottom. Hopefully those sells have cleaned out the doubters, but we'll have to wait until Oct before the next RNS can really boost the price.
VanVan, you join a host of others who are mystified by the lack of value in the shareprice. Surely this has to move up once we start getting regular production news.
I must admit, I've been in here since the bargain days of 0.8p, I've been patient and posted the classic gold prospecters graph showing growth to discovery then decline during mine build and then price take-off following first pour. AAU seems to be the exception, Even if the price doesn't take off, I can't understand why it's declining right now. I'mm holding for another month and then re-assesing.
I think the performance has been satisfactory and the news on sale is a positive strategy. Hopefully this will boost value over the next few months once a buyer has been found!
This is a quiet board, so not expecting any responses, but anyone predicting tomorrow's news? I'm hoping for positive outcomes resulting in jump to 50p+