Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mush, can I just quickly say that whilst we’ve not met, watching you and your Mrs journey in early 2020 was quite entertaining and a bright spot during lockdown here in Dubai (even though I only joined in November when it was a requirement!). I seem to recall you were in a caravan, in a field in Portugal for one of the drilling updates haha. Continued watching your journey and how this share helped you achieve your dream of moving to Portugal. Very cool, well done.
Silotar, I’m down well into six figures on this recent drop. I say recent because they’ve happened before, and they’ll happen again. The reasons - I have no concrete conclusion, though I think there are some good theories and it is perhaps a mix of many factors. This is the risk / reward I signed up for when investing on AIM (I’m American, this makes our pink sheet stocks look like a walk in the park!).
It’s not easy to stomach at times, but you have to zoom out and look at the facts and inevitable growth of HAV. If you need the money out now, it’s a tough one, no one can deny that. But if you can leave your shares alone and have peace of mind that you will be here for the end game, these games become almost amusing and create opportunity to increase your investment - its a gift. My worst case scenario ‘end game’ is approx. 220% from this level, if no further value is achieved from other assets and the company is taken out post PFS. Now if SD does what I think he is going to do, this figure starts growing at an exponential pace.
Hope this isn’t too positive, and I understand the concern of many. But it’s a journey, and these trying times will only make the end that much sweeter. I like the stock ;)
Do feel a bit for those folks, never fun to see these antics work on fellow investors. Recall Fenix sold half his holding yesterday.
Hard to watch, just have to remember that the fundamental haven’t changed...actually they have for the better.
Throw the broker note out for a moment. The Scally drop, whilst ridiculous, was to be expected with this share - Scally was hyped and it was our first bad results in ages, MM’s were happy to plunge it and shake out the stops. Let’s even call it a normal pattern, and it even recovered a bit after.
The outlier here is the SP pattern several days post Scally, up to now. Decent volume, strong buying and now, most importantly, ridiculous spreads for semi large buy orders. Why deter buyers?
It’s very odd - I do hope people start looking at larger dummy buy quotes tomorrow.
For the last several days, and today especially, the price action and buys v. sells makes zero sense.
The only logical conclusions I can draw are a very large sell being worked, or a huge buy being worked over an extended period. I don’t think a large sell would drag this long. Based on the amount of time this manipulation has lasted, I’m inclined to go with the latter - particularly with the massive spread on large dummy buys and the control MM’s seemingly want to maintain at this level.
Very interesting, and I’m oddly comfortable with it all.
Fascinated that a few have stated buying anything over 1.6m shares is quoted at 28p or over...is this the case?! If true, blatantly tells you all you need to know about what is happening.
Would be interested in any anecdotal examples from dummy buys.
Paddy, I just keep repeating that to myself - 65km, 4.5 months...
..resource update later in the year, PFS...
Juri JV, Scally 100%..
And my own favourite side dish, more Warrentina please. In my view, this shallow resource on its own could be worth a decent chunk of today’s Mcap.