The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Very low volume today. MM's offering stock at below mid point to get a few buys as a result.
I am still gradually accumulating. So aware that of the 9 trades I can see, 7 are actually buys despite what LSE reports....
No MM tricks per say. They just aren't prepared to raise the Bid on these volumes for fear of the habitual seller coming back in (one assumes).
But as a result. If one is a bit patient here, there is still it seems plenty of accumulation opportunities at just over the 4pnarea & in lieu of any news...
Cheers.
So doing a clear out of my account, and removed the small number of filters I had ....
Just seen the comment last night from Mr Moon therefore...
Quite disgraceful. The company we hold shares in has achieved a fantastic safety record and been acknowledged for it.
That comment makes me feel we should clear the mine of the decent hard working guys. Equip this guy with a Davy Lamp and several sticks of Dynamite, send him down to the depths, and ask him to blast it out himself!
Quite appalling, shows what I have been missing .... Not...
You really are incorridgable mate !! ;-)
Cheers Dee.
Fair points. My usual habit is to try accumulating in slow periods. As Bwana said also, the free float here has been facilitated it seems by the big seller. So just wombling along, adding a bit here and there.
My original diversification here was that buys under 5p was the good starter. But have also added under 4p to average out where I am to date.
I was overloaded in a few other shares, especially RMM and HZM ( to a degree GGP). So was seeking a further opp. I think I saw you also on ROCK btw engaging the ramp crew there....?
I regard that as a pure punt, and mostly a lifestyle basket case if honest. But the other four, including here, that I hold far more in I all see as serious potential tbh...
Anyhow. Once the latest warrents wash through. Be nice for all concerned here to get the progress update from this (as you say), financially engaged CEO. May make buying harder, but will help a few LTH sleep easier I expect?
Regards.
Hi Stephan.
My apologies if you feel that. Was simply advising caution. More or less every BB on AIM has claims of multi bag this, multi multi bag that. It gets a bit wearing if you view it V the number of them that ever make it... A tiny portion.
Plus, I have been invested here for a fair while. Seen the ups and downs. Plus the huge price expectations associated with completing a strong finance package, that dragged on literally for years...... Then the reality of maybe short term, but what happened. SP flopped as we saw...
I still think this has legs for sure, and will recover it back to 10p in due time. But the deal strictures has meant that it's a long haul now IMO with still the vaguries of the build to come.
So a thread in April 2022 titled 50p repeating round is (as outlined, & when we were unable to hold even last week's gains & after months in the doldrums).... to my mind at least a bit premature.
But each to his own I guess....I will hold the volume I have designated left to see how this pans out. If you are in the 50p camp that's great. But personally on AIM if it goes to even half that I think 99% will be gone &/or it will be in new ownership long before.
Sad thing Prof....
Is that my first investment was in 1984. I spent 35 years on the main markets doing.... petty OK...ish.
Then in 2019 decided to "bear pit" it into AIM..
So yes spring chicken here to be sure, but been round a few blocks elsewhere.....
I like RMM. My stake says so... But TB needs to deliver solid months of output close to his targets now....to convince not just me....
I hope he makes it for all our sakes...
Cheers.
Earlier today I had £10.1k to invest.
I has two options. One being here @27.7 odd best price, and IMO, longer term, a very good one to say the least...
I thought about it, and in the end went for my other growth option....
This is in no way negative. After all. I already hold, ring fenced for review at end of Q4 920k shares here.
I just felt that, that as good a price as high 27 odd here was. I wanted to continue to also build elsewhere.
I am sure, & on a law of s*d... I will regret it.... But I can't help thinking that RMM. With all its risks, and potential pluses.... Should also be part of a restricted, but also diversified PF. For me at least.
I hold now 5 miners. At various stages of progress. Ranging from the nailed on.... To the relative basket case...
I view RMM as very much still towards the top of the potential list as it happens....
Just my thoughts. If I called it wrong today... Will have to live with it.
Regards.
Too many people getting ahead of themselves again, just as many of us were guilty circa pre the deal here.
Some need to steady down. As pointed out, and feared this couldn't hold that 8.9p intra day high post Glen..
Nor indeed the 8.3 last week close so far this week...
My view is that on a longer term hold. Say into 2025+ this will be (Marco economics notwithstanding) a very strong share still.
As a result I have long term ring fenced 7.5 Mill here.
But, all this talk now of 50p. Dah de dah.
that will hold the punters in reminds me of so many other pumpy bb's one reads. This is AIM one has to recognise... The traders paradise...
It will come here, but slowly. But it's still only 7.8p odd. So need to keep it real guys....
Regards.
Personally, I can't quite work this one out.....
There seems to be a lot of (justifiable?) frustration, regarding the lack of progress & snail pace etc.
But equally, & as a newbie, I sense so much in it.
A real feel, despite the low volumes, and inability to hold higher ground in the 4s and 5s.... That there is a bit of a coiled spring here at these levels, really looking for news.
Maybe I am misjudging the state here. But with a seemingly v strong resourse. That, if in a better locale, would likely already be worth already a good premium.
Just seems still a bit strange, the lack of drive on here.
Anyhow.... As a semi punt. Added another 250k today, as 4.04p to buy still seems a decent long term prospect to me?
I hope that now holding 4.258 Mill @ 4.15p will (macro economics permitting)....seem a decent to fair deal mid to long term?
If I am wrong, shoot me down before I add any more ;-)
Cheers.
Emmmm.
Leaving the share aside for a minute. Sounds to me that OMM and WSG need to meet up and just "Duke it out".... :-O
I would be happy to ref. For my sins am an ex Rugby centre, at 6'4" and 15 stone, I could try and keep em apart, n keep it clean I guess!?
Though these two both sound like terriers, so I may be over matched even then..... An old rugby hooker friend, after decking men a foot taller always used to say.... " It's not the size of the dog in the fight.... It's the size of the fight in the dog ..!"
If they scrap as well as they yap..... Watch out Mr Fury.... ;-)
...here?
Just logged in to have a quick look at prices on a few shares I hold, or are of interest.
Regarding RMM.... Despite a very nice resourse RNS the other day. Price still range bound awaiting a few solid (or otherwise) months of delivery it seems then?
Assume that's still very much the take. Since the main topic of discussion on here at least seems to be DJ and one of his habitual "Investment Reorgs"!.... ;-)
If you have known him across several years, and around 4 or 5 shares, as I have done.
You will know it's his habit to get itchy buy or sell ( usually both) fingers. I don't ever see him as a traditional 10-20% trader like many. Just a guy with a decent amount of cash clearly. But one that can't hold it in any one place or places for that long....
I don't critique his approach..... But having known him off several shares for some years ... I kinda expect what's coming. So for better or worse. Today is just how he rolls...
If the SP or key output data was moving. With all due respect his "blogs" would be a footnote. As it's dormant presently. It seems his largely predictable share re-re-re-re..... Alignments....create a few waves.
Me. I am awaiting end of September to see if TB has managed a few good months of outturn. Then I will make my call. I hope it's stick. But if forced to twist, I may?
Regards.
@bfc1.
Good luck in your trading my friend. I do agree conversation over. I would hope that anyone who reads this thread, and your post history will see the point is now made....
Pump it ten times a day to break your current personal best by all means. I won't be reading it, as frankly I have better things to do. Hope it achieves your desired exit price.
Though if you can engineer it up to 2.16p, & with critically any sort of liquidity (there is usually none at that level of course). Then I will happily (similar to the likes of GBPlums and quite a few other LTH here I suspect), thank you, and exit the building..... very much lesson learned.
Till then. I will still quietly hold on & be invested up to that point....
Will you, was really my point............ ;-)
Nice deflection my friend.... Fyi.
I hold 2 million from 2019 @2.16p AVG.
I have invested in the markets since 1985. Admittedly AIM only since 2019. But of my 5 miners PF. This has been quite clearly to date the "lifestyle" runt...
Unlike WSG, I blame no one but me. I bought in here poorly, not realising that this was just that, a lifestyle trading share .... So it remains.
But if you check my posts you will see I dislike and call out both rampers and de-rampers on all my shares. My other 4 miners have been far better considered it's true. But even there I am want to take offense to disengenuous types who manipulate. Ring any bells chum?
If you are not one of those, I apologise. But so far your behaviour, and posting history has all the hall marks of the day trader that has always shored up DPs approach for his tenure.
Prove me wrong..... Stop posting the same ramping drivel multiple times a day next trading week....
Dare you...
Ok bfc1.
Just interesting that you were fairly active here mid 2021 when the share was about 0.82p, and talking it very much up then.
LTH know it spiked up to 1.1p odd later in 2021. Your posts had stopped by then....
Now your back with new posts around 0.4p, saying similar things to mid 2021... 9 post in a single day end of last week on a BB that often doesn't get that many from everyone in several days... (?)....
Hard not to assume that you aren't looking to pump it for another spike and exit. Rinse and repeat. Sorry if a misunderstanding, but.....
Since first buying in in 2019. This has been the pattern here of quite a few uber positives though. In the meantime the SP has only ever spiked and fallen rapidly as you maybe aware.
DP has as yet to prove up any vaguely salable options, moving from one to another and raising almost £6 million at the same time. But fine, if you think that 2p plus (sustainable??) is coming this year, that would be nice we would all agree...!
Perhaps throttle back a bit on the repeating daily posts though, and there will be less suspicion your a new PnD trader...? After all, if this moves up and generates the buzz that you say these supposed resourses will when they all finally deluver. Then you won't be needing to plug it multi times a day, as it really will at last speak for itself...
What's your exit price, and out of interest,& how many are you holding to trade and how many times invest, if you don't mind me asking bfc1?
Your posting very positively & now multiple times a day on this one...
Many LTH here, who know how this share works have seen a number of similarly "enthusiast" types over the last 4 years. Giving it large when there is uplift potential. Only to be gone as soon as it does....
I did say recently that at 0.38p this was a very likely trader target. Since a spike up of decent amount was fairly likely on even half reasonable news from such a badly depressed base.
But the constant pumping daily by some now will make the more experienced here, who have been around a while, remember at least 3 or 4 past...."I'm Rock till it's 5p" types, that all were all long gone at the 1.4p spike from the then base of 0.8p.
Just checking you were not another of them in the making?
Cheers.
As expected, a week on. Couldn't quite hold the highs generated by the Glencore action. Down from both the top intra day high (8.9p odd), and best close of 8.65.
However, I would have taken 8.3 at the start of this week as the close given the usual way rises pan out on AIM as discussed. Hopefully 8+ is the baseline to progressively move up from on start of build now. Be under no illusions that this will hit issues though. I am also in RMM for example. That's further down the line obviously. But it's two steps forward, one step back on technicals is a good illustration on the issues that all mining has to over come.
Anyhow. Be nice to see some regular updates coming now & as the work commences from JM & team.
As a mid/long play, with the big potential of the resourses here. This one will do well I am extremely hopeful.
Cheers.
Well.....
I have been populating this year's allowance into two ISA's over last couple of weeks.
After the buying, I had 340 odd quid left unused in one.
Shows my super confidence in this one..... Decided to buy 8,000 shares here earlier today.... ;-)
Shows as a sell as usual. But it's my supreme confidence and my big buy..... ;-) ;-).
now I'm just...Sitting on the Dock of the Bay.... Waiting for the tide to roll back in....
Cheers all.
Personally, and as stated in my earlier post. Traders are gathering....
I would be wary of people saying this is rock bottom, and an exciting drilling season is coming here at .38p. Especially as the self same people said the self same exact thing when this share was at 0.82p ( over double what it is now) back in June 2021....
Talking Heads again here.... "Same as it ever was"....
Leaving aside all the personality clashes, the arguments as to if any or all of the supposed resourses have any commercial viability etc .....
One thing that is sadly clear on this one. Is that; at this very low share price. It's been so beaten down so much, but it's still going to be a traders delight.
Point is that in reality this price is I feel a very good punt. But all it's going to do is further encourage the day traders not investors.
If you have been here a while you know what will happen here...
Traders will be buying, as there is a better than even chance that on any vaguely positive spun news from the Ag, Cu or now Zi plays there will be a short term spike up. Maybe even approaching the 0.75-0.8p odd " baseline"..... But now, and from here even that's 100% up!
In the past this would be a 0.75p to say 1.4p spike and fall. Now it's probably the same percentage possible, just from a lower starting point.... Traders will care not. But Investors of 3 or 4 years holding are still further stuffed with an even lower base point and the usual lack of sustainability of any rise.
My question from a few days remains therfore....
What will the underperforming CEO do to break out of this cycle. Or does he even worry about it.... if not, then he should he give someone else a chance.... Does performance management somehow not get measured in these industries?
After 4 years of rinse n repeat. I begin to favour the fresh face option frankly.
Cheers.
@torn.
As mentioned over the weekend. It would be good to just hold the recent gains after the transfer of stock to Glencore etc is over & by end of this week IMO.
But I personally I expect a pullback. It's usually the way on AIM, so after a rise the traders come out of the shadows to get their pound(s) of flesh etc.
Trouble with these bb's is that they are lead by well meaning, well researched and detailed generally LTH who have large stashes for the future. But there is always a great undeclared trader base hovering l that cares little for 2-3 years down the line, and only for the quick 10-20% they look to make routinely.
Eventually when the assets start to be properly uncovered and profit is made.... Then it will become unstoppable. But till then the market will have its say I am afraid.
Cheers.