Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When the SP hit 8p I considered buying a big lump to bring my average down to something nearer the current SP. Thought of it again when they reached 6p where is the bottom? Can somebody calculate the NAV per share for us? Info from the BOD is very frugal. We have no idea what they pay for their stakes, what they get for them when they unload (Bacanora) DLG has a lot to answer for sucking us into this loser.
A lot of 1-2-3 share purchases, which would not make any sense except that journalists buy one share in a company to get all the advantages of being a shareholder, including invitations to AGMs and company updates. This is encouraging because it shows an interest in the company. With the Green brigade stepping up and Boris's vision of fossil free transportation, the pundits will be searching for major lithium players to bring to the attention of their readers. I still predict a scramble for Lithium producers when the "penny" finally drops.
Don't bother to respond. I have just replaced my holding at 6.75. I should have dumped the remaining shares first and started with a clean slate. However I didn't think of that so my average is now 10.3p Mr Lenigas has cost me dear. On the other hand I could have sold everything at one time with a substantial profit. Why can't i learn to sell on a profit? Greed steps in ha ha! have a good Christmas and a successful 2020.
Earlier this month i posted that I saw 8p as the bottom and gambled another lump of cash at 8p to bring my average down to 14p. At the same time i put in a stop loss order at 7p and was informed that I am now holding very few shares as my stop loss kicked in. I still have a stubborn faith in this company which is derived mostly from the NAV. Question. do i replace my holding at 6.75p today or wait till after Christmas to get a better bargain? I can't imagine anything will happen in the meantime to scupper my plans.
My last quid I was heavy into GKP a few years back and sold at a loss. You win some and you lose some. Mostly lose. I run three junior Isa portfolios for my grandchildren and have always been cautious investing in unit trusts with a proven track record. All three are doing very well. Why can’t I do the same for myself instead of always chasing the one that’s going to make me a millionaire ?
I read a post recently where a holder was complaining that his average was 14p and a few posted that they were envious. So was I, so i took steps to get my average down to 14p. Not so much a top up but a massive gamble for me. However, I do see this as the bottom and with all of the KDNC long held investments beginning to achieve their long held goals, I see 2020 as our year. Interestingly I paid 8p but a lot of 8P deals are shown as sales.
Picked this up on the BCN Board. Is the World about to recognise what we Remmers have known for years?
https://www.reuters.com/article/us-usa-lithium-electric-tesla-exclusive/exclusive-tesla-expects-global-shortage-of-electric-vehicle-battery-minerals-sources-idUSKCN1S81QS?utm_medium=Social&utm_source=twitter
I like you post. Everytime there is an interview about either renewables or air pollution the question arises "where is all the lithium going to come from. There isn't enough in the world to maintain the expected demand?" Well I can tell them where there are several projects to keep up with demand and in due course this info will filter down to the big investors who are looking for the next Apple. Then watch for the scramble to get on board. 2020 could be the year that our patience is rewarded.
Thanks Guys, Saw the spike on Tuesday and after reading all of your current blogs , decided to go in. 42% up in 48 hours.
Thanks. Hope you all do well. Feel sorry for the 9p sellers.
Dummy sale 40.77
Last year I lost faith in the business model. Even though the NAV showed a massive increase the only recognizable investment inducement would be an annual increase in profits which we can only get if the company liquidates some of the assets. However the business model is to reinvest thus showing a non profit. I have no doubt that the team when deciding on an investment, do their due dilligence and come up with some good investment ideas, so much so that I sold half my holding in Cadence and invested in EMH, Auroch, Hastings technical metals and BCN. With the exception of EMH it has proved to be a good decision. I would have invested in Macarthur Mins but could not get IG to recognize the company. Now that Macarthur are seeking a ASX quote i will invest there in due course. Unfortunately for me I still am sitting on a major (for me) holding in KDNC and am nursing a major loss. I have averaged all the way down. Would I go there again? I don't know. DYOR.
As well as holding KDNC I am also invested in BCN, EMH and Auroch mins and Hastings Technology metals. EMH and BCN have enjoyed a great recovery and the last two are showing me a profit of 36% and 26% respectively. I have no idea what price Cadence paid but surely these rises should be reflected in the price.
Antelope I manage three Junior ISAs for my grandchildren. Each have a portfolio of Fundsmith equity and other unit trusts which has given them over 60% increases. they have several years to go before they reach 18 so I am hoping they will each have a substantial sum by then. The only fly in the ointment was a small speculation in KDNC and UKOG both of which show a percentage massive loss. Too late to sell them now so I'll keep them in their portfolios. Had i used the same investment strategy for myself instead of chasing big dreams I would be far better off. I retired in 2006 and as a hobby started investing. I turned 25k into 75 k in two years but never sold before the 2008 crash. Sentiment gets in the way of sensible investing. How many times do we say "can't sell at these levels" only to find that we can now only dream of those levels ?
Mr Cautious. I too took the view that investing directly into KDNC holdings would give rise to greater success. Many moons ago i sold half my REM and bought BCN . That worked really well but I failed to capitalise on the 155 high but I am confident we will see that again. I also sold another tranch of KDNC and bought Auroch (via IG) and EMH both doing well. The logistics of investing in Macarthur Mins proved difficult. I still hold KDNC as they do have substantial potential unlisted assets which i think the Board should concentrate on but if each switch of assets to another produces no discernible profits I query whether the share price will ever show investor value.
There may not be a corresponding bargain whether it be buy or sell. MMs can find themselves stuck with stock they would rather not have on their books so they reduce the spot to encourage buyers. Alternatively if they are getting short of stock in a rising market they have to pay up for it unless it is their intention to hold a position. My 100k top up this morning first thing at 90.24 is shown as a sell. Based upon that I suspect that more than half the deals today were buys.
Eeyore Eeyore. ! I thought I had leaned my lesson but sometimes you just get sucked in with the excitement of it all.
No worry you haven't lost a bean until you sell.
Mkx007. Why change the habit of an investment lifetime? ha ha ! However had a good year so far. Bought BCN at 19.5p WKT-asx at 10cents. so I can afford to wait it out. Bread upon the waters.
Hi guys I am new to this board having never heard of Redx before today's massive rise. I don't usually jump in on a spike but in my view the downside risk is minimal whilst the upside opportunity is endless. Here's hoping . I like medically associated investments as they are usually well run and financed. I congratulate the long termers. I have another similar investment in an Oz company Invion. They are working on a system for early cancer detection.