Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“Probably a bit more shorting grief but possibly the bottom is now called”
Because I believe the science will bring this to fair valuation next year. Hard work been done, value disconnect at present. So holding through gritted teeth. And if it does go lower I’ll take the opportunity to add. Simple strategy really...
Yes but I can't muster any enthusiasm and rose tinted nostalgia for AMP. They have not covered themselves in glory and they are causing untold grief here, which is pretty much guaranteed to continue to 15 Jan and quite possibly beyond. Even if GL himself turned up with a Christmas present of early FDA approval we'd probably still see "25k AT" in multiples to suppress the SP. Someone wants AMP's 37 million at a ridiculous price. Struggling to see what will be done to halt the slide here. I don't like the uncertainty but the science still remains strong. Continuing to hold and add. but vexing. Hey ho.
Volume is fairly non existent too. My Monday morning thought is that this may just be the bottom. Every man and his dog will pile in if it hits 20 something (or man, woman, trans and their dogs if you are a Guardian reader). If II's are accumulating they don't want to give any mortal PI the chance to get in sub the last raise. Maybe I am trying to convince myself too much that this is it and we can move from here... let's see.
OK.. so think it through. Is this Quindell? (I was in that and learnt a newbie lesson). No. it all points to institutions wanting their share of a guaranteed sure thing (as much as can be assumed) and if I worked for one of them, I sure as s*** would be wanting in art the last raise price, knowing that AMP is distressed. the game is there for all to see, it's just how we take it that matters.
No. Because the pattern is repetitive, obvious, and ignored by the regulator. “Market dynamics and legal shorting” yada yada. Will open marginally up daily to tug the PI heartstring. Mon will be no exception. “It’s up. It’s turned. I held strong”. When it then will get bent over midday. Chart gearing up for a good final plummet. Disgraceful if you believe in the company and science (I firmly do). But Lord this is annoying.
Nice enthusiasm IG but not gonna happen...
Take a look at BLU Jimzi if that’s starting to float your boat. Interesting play on nanopayments. Apologies for the o/t. But at times like this when Motif is struggling to maintain a semi I like to remind myself what else in my portfolio could do the business. Final o/t - uranium will also be a top place to be in 2018.
Probably not seeing a "we no of no reason" RNS precisely because of the boardroom situation Dave... "we know exactly the reason so can't really signpost that fact. However here's GL on Proactive again to make the marcap comparison. Will that do"
With no current intention of selling you shouldn't worry then... 2 things to remember at this stage. One, that the marcap to be comparable to peers in 12 months will be considerably higher - 3 to 5 x. And two, this drop is on no increase in volume. Ergo, a fake drop. It could snap back to 40 plus in a jiffy. And probably will. Take advantage of it, plenty of us have.
Of course it's on the cards. Much as we all saw the positive second P3 readout coming (easy to say now but the COS was >90%), and could position accordingly, same is happening here. Would appear that big players want AMPs shares and the squeeze is on. Pressure on hard to force AMP to sell and lo and behold we will be around the last raise price.
Spot on. Buy into weakness, this staged / false drop on NO increase in volume is hugely telling, never mind the shenanigans on L2. Mr. 25k still at it, so I refuse to catch the knife at this stage but big buy zone fast approaching.
Either some joined up thinking was required... or it's all part of someone's plan. My plan was not to be looking at valuation of under 90 mil right now.
This is my thinking also Jimzi. It's the old Sherlock Holmes "if all other explanations are exhausted" etc. Still think giving a date in Jan was lunacy to signpost in such a way. Everyone knows as you say. SP seems to be bumping around this level a little longer than previous ones... or maybe just wishful thinking.
Hardly the most outrageous call in the world to predict a further 10% decline anyway. Games still afoot, yet another drop. What can we do but continue to top up.
Can certainly see it playing out that way and understand the logic. I remember looking back and wondering why I didn't pile in the kitchen sink sub-30p when the odds for a successful 2nd P3 readout were what, 95% plus (if not more). Kinda feels similar here. Is this now so glaringly obvious (as it really should have been back then pre 2nd P3) that this is going to get bought out sooner rather than later.... hmmm. Something to mull over a beer or 3. GLA.
Why 10 days IG?
Crazy but now not unexpected. If this is the play on PI fears mentioned previously, this mini revival to 34p may not last. Support and charting seems to be going out the proverbial window. Be a nice hammer if it holds though.
Not got much choice other than do exactly that... sit tight and accumulate. Sick to the back teeth of seeing 25k AT take the price down.
Not got much choice other than do exactly that... sit tight and accumulate. Sick to the back teeth of seeing 25k AT take the price down.