Firering Strategic Minerals: From explorer to producer. Watch the video here.
*can anyone help
Reading the RNS and it appears they are making good progress. Yet the sp has dived 30%, so clearly I've missed some 'bombs'. I'll have to go back and look for them, an anyone help?
Is this how TRMR usually report their Results - so opaquely, hiding things away?
Thank you TerryM1.
I thought CPI had nearly completed their "recovery strategy"... yet the share price is below where it was when the strategy was announced 3 or 4 years ago. In fact my chart says the share price is now at 10-year lows. Does that mean the strategy hasn't worked?
...about 10 days ago, but only notified today.
A bargain yesterday, a bigger bargain today and an even bigger one tomorrow... that's the way it is.
Who would want to invest in UK companies? Not many, it seems.
Catalysts? I can't see any. Certainly there'll be no PE takeout with the company's indebtedness.
Pedro doesn't need defending from me, but it's hard to ignore the hypocrisy here. Since when was humour supposed to be saccharine? Some of the best humour is acerbic & cutting. It's what many love (and the freedom to express it) about Britain and the Brits. Monty Python ridiculed Christ. Spitting Image (of the 80's) mercilessly and cruelly sent up the great & good. You guys want to ban those? I decided to go back and find this post of Pedro's. I read it. It was funny. Happy to say this. I also looked at the context. Totally obvious he was jesting, no way being serious. And yet so many of you are ganging up and bullying him about it - all in the name of stopping bullying. Come on! Many have resorted to unpleasantness on this board. I'm sure I'm not the only one to see through the fake 'woke-ism' (aka rank hypocrisy) of some of you.
Yup, nothing to moan about here... other than the teeny weeny matter of a 75% sp decline in 2023...
Absolutely, the current situation is 'healthy' and the BOD are to be congratulated...
No need to apologise for your positivity BigSlick, just give us the address of your planet 'cos I want to live there.
I'd just add that sometimes the market can be (seemingly) random in how it moves. As rational creatures we naturally look for patterns to explain things, but we must also allow for the possibility that these patterns sometimes break down for no obvious or rational reason... I say that's the market!
Maybe it's just a reflection of the differences between people in how they see these things. I'm naturally indisposed towards conspiracy theories, whereas I have quite a few friends, by no means stupid, who are naturally predisposed to them - they love and they genuinely believe in them! Where I might see a breakdown in a previous pattern as a random, unexplained thing (and all patterns based on empirical evidence do break down eventually) and leave it at that, others need to find some sort of reason - often a hard to prove and therefore conspiratorial reason - to explain (what I consider) the unexplainable. It's an interesting debate though - very on topic, what with social media and A.I. and all.
T4G, agree it depends how you define 'long term'. But if you accept that over the long term (however you define it) the share price is determined by company trading performance, then it follows that you are also accepting that you cannot for years and forever blame manipulation for the low sp.
About your specific Asos example, as I say, I haven't looked at it, but from what you've said here, it occurs to me, couldn't this be a simple case of bad news getting excessively punished and good news not getting credited rather than any great conspiracy? Hasn't this happened with a lot of other shares in the present investment climate?
T4G, when it comes to believing or not believing in manipulation, you are missing the important qualification "over the long term". Most books on long-term investing - I'm sure you've read many of them - say that the share price of a company has a tendency to reflect, in one way or another, the trading and financial performance of that company. One theory (for instance) states that share price growth relates closely to the growth in free cash cash flow over the very long term. I've never read a theory that says long-term share price performance is down to the manipulation of shorters and MMs. No one - at least not me - is saying they don't believe manipulation exists over shorter periods. Hence, your Asos example may indeed be explained by some kind of manipulation (I don't know, I haven't studied it), but, over the longer term, Asos' performance will be the main determinant of its share price.
Re: the issue of funding, I'm wondering if it is better to address the issue asap and get it done with, or to wait a few more months in the hope that the financing picture improves? Also, might they be delaying the funding question until after the release of further good news, which they might be expecting and which should help the sp, or am I being too optimistic? I live in hope!
I hear you Alex, but I'm firmly in the camp that says the 'dark arts' of MM/shorters cannot explain share price performance over the long-term. Remember, many shorters are shorting simply because they see a deterioration in intrinsic or fundamental value not yet reflected in the sp... and, let's face it, they haven't been entirely wrong in that assessment over the past 2 years.
Alex, you're mixing things up. People saying suppression is a figment of the imagination are not necessarily saying that the low sp reflects intrinsic value. That is something quite different - the sp can (and may well be) below intrinsic or 'true' value due to a myriad of factors including general sentiment, macro factors, reputational concerns, etc., nothing to do with suppression by MM/shorters, which is what they are referring to.
I do like the straightforward and transparent way CMCL report their results, including the failings. I'm prepared to hang on for the better times they are promising.
Don't hold yr breath Lincoln...
T4G, I agree there is bickering on all sides. You are - all of you - quite capable of making useful points when yr not indulging in a bicker. For instance, I enjoy your posts on the detail of the company and it's operations (not much the MM/shorts stuff), because you've clearly done yr research and I learn things from you. When the bickering kicks off one learns to just skim over it. If one struggles to do that, there's always the filter button.