Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No news on the horizon for a few weeks true! however in a month or two a real chance of doubling or multibagging ya money! Cannot believe this is still low and possibly drifting lower. That is the problem with the Dopamine driven herd they would be better off just giving up stocks and taking there cash down casino. If they are in such sorry mindsets that they consider a month a long time they really shouldn't be investing.
True, although infact we do know we have recieved multiple offers presumably from different companys so far and we have declined the ones up to now. I am just wondering why we don't hold off on the JV and allow a major in to do the drilling with an offer of first refusal if they like what they see? As this was the sort of thing they were attempting to do with Ernest Giles they were invited in before a JV to see whether they wanted to make a JV.
I remember back in Ernest Giles GGP days newmont were exploring that and in return were only going to be given rights of first refusal if they found a mine able grade. Creswick is an entirely different geology and known grade however I am surprised there isn't something like that that could be worked out. The major is invited to do abit more exploring and then gets a right of first refusal to give us market price? Perhaps it is all down to the majors know how good Creswick is and therefore doing all they can to get cheap! Maybe abit more drilling coming back with 80g a tonne grades is what is needed as Craig said!
I am no expert. Perhaps people who know more can answer. But in my opinion I don't think the warrants have gone, volume hasn't been big enough to clear 55m. However just my feeling through not knowing anything. I don't think all the warrants will be sold for a while. I think the drop was an adjustment incase they are sold and it will rise tommorow when the mms realize they are not being sold. Makes far more sense for the Chinese to sell all the shares they have for massive profits and to replace with excersized warrants and then sell when the time is right which is when it is alot higher imo.
I think I have forgotten why there is always a sell off when there is a warrant excercise RNS. I have heard people talk about MMS forward selling shares? Is this possible? Or is it that mms are gambling that the company is going to sell the warrants once they become shares in this case 28th? Therefore sell any shares they have as they think soon there will be more available? Do we know for sure whether the Chinese will even sell these shares? According to Craig in interview he seemed to explain they sold there shares because they had these warrants could it be they are happy to hold still?
People are selling because they are aim junkies, they need the dopamine hit of a small rise each day so badly it causes them to do irrational decisions. I suffer from it also sometimes gets worse if constantly clicking refresh to check sp every few mins! Crazy as the more you do it the more you becoming reliant on the hit! and it leads to irrational decisions! 4 weeks before potential multibag here makes zero sense anyone would want to sell yet sellers are prob telling themselves they have 2 weeks to try and double there money somewhere else before getting back! Rarely works out in my experience.
Problem with investing, Is each day we are chasing our daily fixes of dopamine! The more often we check a fluctuating share price per day the more we rely on the hit. Like junkies we get used to the pleasure of seeing it go up even if it is by a small amount! If shares go down or sideways people are more likely to sell even if it is against common sense and logic just to chase the rush. Days of the internet we have the opportunities to become much more knowlegable about our investing decisions but also far more susceptable to the gambling mindset especially when we can check current sp every five mins by just clicking a button. I have often said to myself the best thing I could do would be to research a company well, invest and only check every 6months, previously I have made poor investment decisions chasing the buzz! Infact most of us have we talk like if results don't come out for a month or two then that is a lifetime away! As it feels like it to us Aim Junkies! However how illogical?
What Craig was gonna say at 09:36 in interview "Serious interest on the table, and we are at a point where by" then quickly changed direction on what he was saying. I wonder if he almost slipped up and the end of that sentence was gonna be " we can expect a deal in the near future?"
It might not be flying today! However in 4 weeks time on the cusp of iron ore results I would have thought we will be alot closer to 2p! Prob the rise will happen within the next couple of weeks in anticipation.
I took Craigs comment of :- it may be worth our while to go back to Creswick and do more drilling first as a message aimed at potential JV partners rather than shareholders! Useful message letting them know we won't let it go to cheap. Although frustrating for shareholders seems we have more than one party interested far better for Craig to show them we are not in a rush and happy to go alone unlike some companies that are on there knees. IMO the correct price will be offered in the end pre any more drilling.
Also sp after JV who knows! we have such a low mcap if suddenly we anounced a decent JV with Nm or someone we could be above 10p in a couple days. That is why I couldn't bear trying to trade it. Buy and holding is all I will be doing.
Craig said in recent interview "there is both serious interest on the table and people wanting to do a deal at Creswick", had site visit since last week before crimbo! yeah he also say "it may be in our interest to drill a few more holes there first". Imo that is what you would say if you were in JV negotiation stages though.
I am a new investor here. I suspect many of the "herd" think drilling end of Jan gives them a few more days before they buy in then if results are decent the board will be full of Choo Choo and wouldn't want to be out of Omi over the weekend.
I don't know for sure however I would guess that they would always do placing based on a discount of the current sp rather than NAV because otherwise there would be little incentive for anyone to buy into a placing knowing more placings for similiar price were coming? You may well have done the right thing being out and waiting we know that there will be alot of placings coming over 2021 however this is the sort of share that once it becomes well known to all and on the herds radar there wont be any stopping it. Hence I am just gonna keep buying and holding and hopefully in 6 months time any future placings will happen at 50p or above.
Judging by some of the posts on this board over the last few days there seems to be abit of uncertainty from some of the posters here about placing. We know throughout Agronomics life there will be many placings ofcourse it is the nature of what Agronomics does and they are a great thing as Agronomics will use the money to strengthen portfolio which will make ANIC even more desirable as an investment. Judging by the rns on 24th Jan 2020 the placing was at a 33% discount of the current SP at that time. However we don't know when these placings will come along! We could be 45p when we have a placing and a 33% dicount of 45p is far higher than 14.3p current SP. I look at placings as a great topping up opportunity but I am not gonna sell any to try and guess when placings are gonna happen as more likely I will time it wrong plus SP fluctuations due to placings will be short lived when money gained is Improving ANIC.
The Sp today doesn't matter much to most of us here. Obviously prefer it to be higher but most here are gambling for multibagging due to newsflow at some point over 2021 these daily fluctuations don't matter to most of us.