Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There has been nothing confirmed or discarded and so there is no point getting worked up over speculative murmurs - you only destroy today’s happiness by focusing on tomorrow’s “possible” outcomes.
The company will announce positive news again and when they do, current negative BB chats will move further and further down the board again.
We all have the options below and the choices we make will decide our profitability/returns.
- If you’re still Bullish - BUY
- If you’re Bearish - SELL
- If you’re unsure - HOLD / buy or sell a %
I for one won’t be selling a share in the Lows, will continue accumulating to near 2M shares by end of week.
GLA Amigos and stay positive!
Surprise Surprise...no mention of Admin and hint toward a new scheme! Back above 20p soon.
https://twitter.com/amigoloans/status/1400448322414911489/photo/2
Keeping “SP low” does not matter now - this was an argument used by the FCA to object the first SOA (which we know needs to be considered in a SOA 2.0).
As the objection has been heard by the courts, It wont be used again as a new objection point! And even if FCA bring it up again, the new scheme will ensure creditors benefit from SP rising so the FCAs point will pack less punch.
Iknownuffin - what has changed SO DRAMATICALLY that SP went down to 7- 8p from 35-30p? Yes, the current SOA was dis-approved by the courts but none of the milestones we’ve seen Amigo achieve have gone to waste. There is anticipation for the next SOA to be approved and a growing customer base!
I am the same person who said hold when we previously went to 7/8p and could have sold for 6-figure profits at 30p but waiting for this to pass (as I see greater returns on approval).
With all the loons in the past few days, positive sentiment on the BB should not go amiss :)
This was at 25p - 30p on the anticipation of the FIRST SOA. Since then;
- We know customer WILL vote yes for a scheme (a large ‘what-if’ before).
- We know courts WILL approve a scheme just not (this) Scheme.
- we know Institutional Investors are buying and seller (MIC) has GONE so no more resistance to an up-trend.
The next up-trend is just a matter of time and a sniff of good news will see this gap up to 18/19p and then 20p+ again.
On SOA 2.0 approval, 35p-40p+ SP all day long. Very good buy in SP at the moment...
GLA
LTIPs are designed as reward incentives for Exec level talent. They were needed as vehicles to hire the talent Amigo have on board now e.g. a Paul Dyer etc.
It would have been difficult to hire a new board otherwise during the churn last year and given situation of the company. The 5 year caveat ensures longevity and a view of looking beyond immediate gratification.
FCA/Complaints can moan as much as they want but this is fair. Those that CAN DO should be rewarded - it’s not as if Bob or Tanvir down the road can step in and do what Gary is doing - these aren’t jobs that the mass public have access to. The are specialised, highly skilled and take years of ‘relevant’ experience to execute well.
The BOD didn’t lie but did stretch the truth. It’s akin to saying “If someone loses their job they will become homeless” - the outcome might not be immediate if they have savings etc but EVENTUALLY without a source of income, they will.
I’m confident SOA 2.0 will be approved. We’ve seen newspapers do shoddy research before printing articles. They were the same papers showing Amigo in the top 5 risers list before.
I’d rather the BOD take as much time needed to reflect and come to a decision than send whatever comes immediately to their heads in the first instance as an RNS.
MIC are nearly out, positive news to come...
Are you classing £12K - £18K as “BIG” sells?...
Trade amounts are relative - if you want to quantify “BIG” look at the last 3mths trade history, establish low, mid, high trades into groups and then use that as a gauge.
Don’t look at trades based on your self-perception of it - money is relative my friend.
4tothefloor - I agree, a back-up would be nice but now Amigo has something even better - almost a blueprint of what they need both from the Courts and FCA to pass on a SOA. They can tailor their plan B to cover all concerns.
Jim Bowen - lol!
Franky - I agree with that view. It makes sense and a plausible reason to SELL.
Will be interesting to see what Amigo’s BOD came out with once they’re finished planning in the war room - I’m excited to see their amended suggestions.
Pupper - I agree Vinson’s numbers may deviate from actuals but the assumption seems on the right track to me.
Even if more people claim, the point is NOT to make every customer WHOLE - it’s for the SOA to ensure all stakeholders benefit from the company e.g. SP increases etc - the main point as we now is now to be seen as FAIR.
No one is will know full redress amounts (not even Amigo) but the idea of customers having a piece of the company from a buy-back scheme pot WILL go down well in addition to current offer.
Cheerssharesbuy - are you directing that comment at me?...not that it matters, but losing all 1.6M shares won’t be a scratch at “making me poor” but thanks for your financial advice :)
Everyone knows you BUY on the lows and not sell in FEAR - however, not everyone does/act on this in practice.
Do stay on this BB until the rise though! Will be be good to continue our chat then...until then, I’ll be loading up.