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And there are people on this thread who would love for this stock not to drop quite so much because they have holdings in it, like you, hence your desperate post, again, quit with the whole holier-than-thou cr*p everyone has agendas. This stock is going down.
'Right LOL' because I wasnt left in the camp of those who were left clutching their cold sweaty balls whilst the SP fell, £10 profit despite falling for the cr*p advice from the likes of yourself, I'll take that as a win as opposed to 2.5k loss if I'd been left in your camp of HODLERS
I've barely ramped up the company, do you think posting on a single thread is going to do that, dont be a fool
Anyway since you ask my target is 2p, how you look down on day trading whilst you buy at 2p and hold for a year before you can break even, weren't you one of those ones
Fellow speculators, rampers, derampers and idiots who have no idea what they are doing, if my below post was not enough for you to jump in in the coming days and weeks while you can, let's compare TSI's criteria for investing in a junior mining stock to our dear Rockfire:
1. Avoid companies mining in politically unstable areas - TICK
2. Prefer companies operating in areas with geology similar to nearby producing mines - TICK
3. Well financed companies with no need to immediately sell stock - TICK thanks to the warrants
4. Companies with low debt and strong finance sheets - TICK
5. Positive cash flow - not at this stage yet but soon to be
6. Cash flow from an existing mine - again not at this stage yet but soon to be
7. Do not operate in hostile areas eg the Artic - TICK
8. Avoid companies with unsustainable high prices due to investor mania - TICK
9. High average daily volume - TICK especially in recent times
10. Compare the market cap vs estimated value of mineral resource in the ground, very roughly market cap should be at most half the value of mineral assets- TICK TICK and TICK
Rock is massively undervalued by many many multiples if one were to use this methodology, soon we will be looking back and laughing at how cheap this was, see my below post, now awaiting the combination of a positive RNS and low volume warrants for this to catapult, DYOR
My reasons for buying back in as follows:
All I could hear when this was 1.7-2p was 'warrants are almost done it's going to hit 3p in no time', and telling me to f off when I sold at 1.75 and gave my rationale, where are you guys now, crying over xmas sherry, but dont worry like I said at the time this needed to collapse before rising again
Now we have actual objective evidence that almost 60% of warrants are done with and we can reasonably attribute a large portion of the recent major sells to these. Look at the chart, we've hit a natural short term low and are unlikely to drop below 0.95p
Over the coming weeks there will come a perfect combination of low volume warrants remaining and good RNS to catapult this back into the spotlight and attract attention especially given the stock is significantly undervalued (and even was at 2p but there was too much selling pressure from warrants to allow for rise)
And as AIM goes we cant predict when this will happen so the sooner we can position ourselves to take advantage of this the better, by the time we have 50-100% rise itll be too late to make a move
Also Bristolblue nice subtle cramping targeted at those who dont know better, go read about the company
I predicted 50% rise from 12p bottom and we're most of the way there! Merry Christmas all DYOR
Seems motley had short positions on this as well. 3x articles telling everyone to stay clear when it was at 12p! A load of tosh claiming the stock was not to be trusted! What a bunch of fools
50% bounce minimum
It's not manipilation, its deduction of reasoning.
To quote myself from Monday:
"1. The sheer volume of warrants.
2. I dont see why those holding warrants would be inclined to use them until they maximise their profit.
This would surely be once the SP is above 2p for 2-3 consecutive days, below the 5 day threshold before acceleration.
Hence the recent high volumes cant all be attributed to warrant churning.
There will be no one point (at this SP) where the warrants are all suddenly finished with. Even once the SP is above 2p, there will be further selling pressures from those holding them.
3. Once all the drill results are out, as someone helpfully pointed out below, there will be a steady stagnation and decline in the SP as people lose interest. That'll further demotivate warrants holders from selling out.
From what I can tell this is likely to drift slowly to 1.5p and below, and may take a few months to recover (with the exception of an expected rise and subsequent fall with the last drill results)."
I've sold off and made something like £10 profit on 6k or so.
Thank you all, it's been a steep learning curve. I've had a change of heart for the below reasons.
I have no intention of buying back in in the short-medium term, so I'm not trying to deramp, but please correct me if I'm wrong:
1. The sheer volume of warrants.
2. I dont see why those holding warrants would be inclined to use them until they maximise their profit.
This would surely be once the SP is above 2p for 2-3 consecutive days, below the 5 day threshold before acceleration.
Hence the recent high volumes cant all be attributed to warrant churning.
There will be no one point (at this SP) where the warrants are all suddenly finished with. Even once the SP is above 2p, there will be further selling pressures from those holding them.
3. Once all the drill results are out, as someone helpfully pointed out below, there will be a steady stagnation and decline in the SP as people lose interest. That'll further demotivate warrants holders from selling out.
From what I can tell this is likely to drift slowly to 1.5p and below, and may take a few months to recover (with the exception of an expected rise and subsequent fall with the last drill results).
Everyone does have the right.. but people play dirty.
You have to wonder why people who aren't currently invested in a company would want to take time to post negative comments on an internet forum.
They might frame it as 'cautionary' to the rest of us, but is that really enough to explain their own motivations? 'Out of the good of their own hearts'?
I don't buy it. Everyone on here is hoping for a profit