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Nice double bottom forming. 50% up from the lows - I've just bought. This could turn around quickly
This all sounds bullish to me but sp says otherwise
no movement in SP tho...! well, not yet
Any idea when drill results due?
https://spongeshare.com/research/future-metals-research-note/
Drilling for Sulphides, so news will be results. Plus scoping study for current resource.
Lots of news due q1 - am hoping for at least a bag if not 2
hear from reliable sources that a catalyst is on the way. I'm loading my bags
Oh, UFO was the biggy! Forgot went to the moon on a spaceship!
Find the dogs what won’t bite, get in before the crowd and sell the hype. Simple!
Nope, my wins have been: ORM, OMI, EUA, ORR, ALBA and some others which I’ve forgotten about now. Timed OMI from 1 to 3p twice which was a bit of a scalp!
Thanks Helx, seems like a valid opinion, and based on history I would say realistic. It’s good to have realists and optimists. Otherwise we would get stuck in an echo chamber. That’s dangerous. I hope you’re wrong too! But even if you’re not, we can still make money as they shout from the sidelines about what a great job they’re doing. AIM investing is all about the sentiment and rarely about the fundamentals.
Helx, I think it’s an unfair claim to suggest nothing is going on to increase the share price. Surely the team at bidstack are not twiddling their thumbs. We have to assume they are trying to improve the share price. A better statement from you might be ‘I have little faith that the activities they are undertaking will increase share price’, and it would be really helpful for you to explain your concerns. Also, I feel it is a little lazy to just use the argument that their past actions have done little to increase the long term share price, as, although this would be true, past performance is not an indicator of future performance. People learn, build relationships, adapt and innovate. What would be really helpful from you is a critique of their actual plans, capabilities and motivations - and where you see gaps in any of the above and therefore why you believe the company value will reduce. Do you have any of that?
Gridz, I agree with you the history of bidstack leaves a lot to be desired. I got caught out in the initial hype - bought in at 34p, sold at 25p. Lost £6k. Learnt a lot. And since then, turned my remaining £8k into £6 figures (a lot more) trading in 2 years. So you could argue that that first loss on bidstack was my best ever trade. Anyway, I digress. The point you made about sentiment being at an all time low is interesting. And it’s right. But to me this presents a great buying opportunity. Not only will it be hard for sentiment to drop much lower, thus limiting potential downside, but it won’t take much to build back some of the hype and momentum that got us to those heady heights in the first place. Now, of course this relies on bids actually delivering results, which, if you are a glass half empty kinda guy, you’d be understandably wary, as in the past the bod have continually over promised and under delivered, however, and here’s my investment hypothesis, what if, all that time before it was just immaturity. JD didn’t have a clue what he was doing, just naive and excitable. But now he’s learnt his lessons, he’s got a good team around him, he’s been operating for several years and he’s got 2 years worth of cash. So if it’s going to work, it’s going to work now. Combined with sentiment being on the floor, for me that makes this a good buy where upside potential (maybe 3-5 bags) outweighs downside (maybe 50% tops if we slide to 1p). No one knows the answer but all we can do is make our best estimate of upside v downside risk. And until the landscape changes for better or worse, I think BIDs is a winner!
I see this going to 8p in the next 6 months. £80m mcap based on 10x revenues @ £8m revenues p.a. easy peasy.
this is correct
Is 8p really that ridiculous of a target? Only requires £8m revenues valued at 10x…
I’m a one man band turning over £250k, no investment, nothing, so if a company with this much investment can’t do 30x more than that then I might as well give up! I think they will
bhl looking punchy - similar sector to eua but a measly £23mcap
Whatever happened to Hartlepoolbob? We need him back.
Read a book called the art of execution.