Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bilbo, thank you very much for your time. However, your explanation did not convince me that ITM executives believe in such a great ITM potential. When they got at discount and sold 4.8 milion shares, and kept only 773 thousand- that tells me something about the close future of the company. My opinion could be wrong, but it is my honest view about this ITM executives decision.
If you have that option to purchase 5.5 milion ITM shares at discount price, would you sell 85% of that stake if you believe in your company as one of the executives.? All the best Lina
What could be the next step? MMs are building up the price - the bull trap, and then it could be "capitulation" in the next few days/weeks to 150p.
Why am I so pessimistic suddenly? The lack of experience or just my common sense?
Hi Zodiac,
My opinion is based what I have learnt from the other guys on the board. The valuation here is based on potential/prospects.
Companies like ITM may very well end up being the BP and RDS of the future. In that respect, WE are investing in tomorrow, which looks to me we are gambling NOW. When we are gambling, there is no support level.
Please, can you explain to me. Who or what makes the share price ? At the moment we have a big volume (for ITM) - 1.8 milion in 60 minutes of trading, and the volume of bought and sold is almost the same. The price is 3% down.
Thank you