Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
pi.
I originally got in at 5.5p in November 2020 but tried trading it and screwed it up and ended up with an average 12p price. Ha Ha. I cashed out after the drill was declared a duster at 14p I think.
Dave Minchin has totally screwed the shareholders last year with his statements of a drilling programme forthcoming and then nothing. Lorna has taken over.
It has got enormous potential but it’s a case of when can they secure a rig under contract? I think it is already a Q3 bare minimum drill campaign. Possibly not until 2024. They have said they are in rig negotiations but can they secure it and for when is the 6$64 million dollar question. If you can get a good price and are prepared to possibly wait up to 12-14 months you should have a 3 or 4 bagger.
Just remember pi, the shareholders that are left are proper Bruce Willis die harders, so the Sp will not probably drop that much imo. The recent placing was at 5.5p. If you can get 3.5-4p and wait you could have the bargain of the century.
They might surprise everyone and get a drill sooner by the way. It is possible so bear that in mind. Be lucky if you decide to jump in.
Above post is all just my imagination and should not be taken as financial advice. I wonder how my Debenhams shares are doing?
T1610.
If a departure is by mutual consent it is stated as such. Like when a manager leaves a football club by mutual consent. They don’t say the manager has stepped down with immediate effect they say the manager has left the club today by mutual consent. Same as being sacked or booted. It will be stated that the person has today been sacked or relieved of their duties.
When it's stated stepping down with immediate effect it means the person is leaving on their own accord with immediate effect.
However, I do understand he could have been put under internal pressure to step down but as the wording is stated DM is stepping down as his own decision with immediate effect. Personally, I think he’s realised he is way out of his depth as a CEO and the drilling campaign will be Q3 minimum and he does not want to go to the AGM and tell the already peeved shareholders. You will see it differently but that’s the great thing about BB. differing opinions.
ShareFlyer.
I just bought 100,000 shares in Debenhams. Get in now before the herd arrives. It’s going to the moooooon.
I would sell the Wife and lump on a short at whatever company PW joined as well Chaebol. Biggest no brainer evvvvvvver.
Chae.
I’m trying to time the bottom on both the shares I mentioned earlier. I usually screw it up by jumping in to early and then watch the SP drop further. So, I’m trying to learn from past mistakes. I bet I screw it up and miss the bottom and watch it shoot back up Ha Ha. Trying for 15 -15.5p but wether I get it is another matter.
KO.
It clearly states in the RNS, “stepping down” it does not say “sacked, booted, shoved or relieved of his duties.” Stepping down basically translates into “I’m off because I've screwed it up and I don’t want to face the music anymore.”
I cashed out yesterday on a small profit on a small holding. I also cashed out of one of my other shares, Helium 1. Both have dropped today. Had I not cashed out I would have lost all my profit. Time to buy a lottery ticket.
Ps. Helium 1 have today got rid of the clown head CEO who, get this,
forgot to order a drill for an exploration drilling campaign last year!!!!
A bit like a butcher opening up a new shop and forgetting to order the meat for opening day. Ha Ha.
Forgot to mention. My opinion, not based on fact or knowledge, is Davey Baby walking before the soft and smelly hits the fan. It’s just that this is a man who has consistently failed and made very big mistakes but has never addressed or explained them but been paid very handsomely for. He never even backed himself with any confidence with a very very very low share purchase for a CEO. Now he’s resigned before having to do the AGM. It just stinks of a rat running, not so much a sinking ship, but on imminent bad news. WHY oh WHY would the man who obviously likes his money walk away from an imminent mega bucks pay day? WHY. It just doesn’t happen. Unless it’s just not imminent but late this year early next year.
For Gods sake DYOR and do not buy or sell your shares on the basis of this post. It’s just my opinion. I have sold out though but good luck to all that continue to hold.
Well, the inevitable has finally happened. 10 months late imo.
My concern now, a genuine one, not a deramp, is if Davey Baby truly believed in H1 as a company why has he walked? Why walk from a potential million $ pay day on discovery? For me, he has never believed. His share holding proved that and it now looks like he was just along for the ride on a large wage and bonus.
He maybe a highly qualified geologist but he was never CEO material and it’s finally dawned on him at last he was totally out of his depth. Or maybe he just didn’t fancy facing the shareholders at the AGM next week?
So now Lorna gets a chance. I just hope she has more qualifications or at least a better idea on how to run an exploration company. Time will tell.
I stand corrected dai. My apologies Christo, must try harder or at least put my glasses on and engage brain before posting. :)
Christo.
I didn’t realise January only had 27 days in it? lol
dai.
Yeah, I saw ya but had to do a double check back here to make sure it was you lol
Got in at 0.76 for 300,000. They reckon a spud in mid March so expecting SP to climb steadily but not to the levels some are quoting. Should be a good profit to be had in a relatively short space of time if it goes to plan.
I’m 50/50 with this one. I want to believe DM’s finally got his serious head on but he’s been so full of the soft and smelly it’s hard to take anything he says seriously anymore. I probably wouldn’t believe him if he showed me a video of the drill on site with a copy of the contract sent to my home address.
It will not fall today.
Why is it 6.19% down then? Or did you mean over the whole day?
MP.
Like I said earlier our stock market never gives, just takes. It detests PI’s making money.
I was invested in GVC (now entain plc) 3 years ago and they put out a stonkingly great RNS. On the open the SP dropped 0.5%!!! It was only after 3 weeks when the MM’s got enough cheap shares off the PI’s after selling because a lack of movement in the SP. It then shot up 20% in 10 days and carried on rising.
I think the same is happening here but it’s not based on anything factual.
No1.
Just because it’s an AGM doesn’t mean it’s got to be full of jaw dropping good news. He might have a secret to tell us, we’re not drilling until August 2024.
End of the day, you either pay your money or walk away and an individual should never be swayed by post’s on a BB
dag.
I’ve never known the market give but it definitely takes.
He looks like a member of Joe Public being asked to give a lecture on quantum physics at NASA. Deeply out of his depth.
pi.
They just building the tension. And the winner is ………………
Chae.
Just remember, God loves a trier. AAAAAAAAMEN.
Winni.
That’s way above my pay grade but there’s so many factors to take into account it would be hard to say anything with any accuracy.