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This is not PI selling, there were another 600m shares/warrants issued in April last year around .0017p and the value is now approx double so no surprise the selling is strong and will continue for a protracted period, there are 5 billion shares in issue.
I hoovered up quite a few today on the dips, there is clearly a seller around for weeks now dumping 10-20m shares daily, likely they bought in the teens and are offloading for an excellent return in the short term.
I was not in the "something is up here camp" until today, then there is the statement from Alphaville about "AST having trouble getting news out". I do not know what if anything is going on in the background but I will be glued to the screen tomorrow for sure. Catch you then!
Hope you are well, are you still in here, I am buying more on a regular basis on the run up to the drills as I beleive the SP will rise well past my average in anticipation of hitting something of value. I will then deside to sell some of hold for the big one "A2". I am in here now quite heavy but am hoping for some good luck for a change and not another IVE!
Hope you are both well, boredmum, it sounds like you have your hands full at the mo, are you still holding SLV? KIS, as you probally know I have already written these off and have removed them from my nominee account as I was sick looking at them everytime I lodged on. I hope they do give some value back but I am not holding my breath. Dont worry about the pleebs having a go at you and calling you a ramper, they just want to have a rant when they lose money and have a go at anyone they can. I am keeping everything crossed from you, me and the other investors that we get something back. Speak soon, Uriney.
I do follow your blogs and must say you are a smarter investor than me. I am currently down some £325k on shares alone not counting my property and other investments. Some of the property investments will look after themselves in time however I would like to make my losses back on the shares if I can. I don’t mind waiting 2 to 4 years to do this and firmly believe due to the market being so depressed that if I can find 4 of 5 good companies and wait it out the money should come back to me. I have fjp73 and Spac3y to thank for pointing out the error of my ways with regards debt and focusing on accounts. I was on a track of destruction starting to invest in shares from mid 2007 with no prior knowledge (how stupid was I). Anyway, I will keep learning from those more knowledgeable than myself. I had been fortunate until 2007 financially and I have learnt that money is not everything in the last 18 months however I do have a great desire for it, my point is that I am still fortunate in that I have some money left which gives me the opportunity to make back my losses. I have been given a second chance is some respects and realise that some never even get a first chance, to that end I plan to donate 10% of what I make over the next three years in shares to charity. I am genuinely going to enjoy writing that cheque!
Do you think this is going lower before a rebound, I must say I am struggling to understand why the heavy drop in SP, I know the deal will take a while however £105 is a good premium from where we currenlty are and I dont mind waiting for 12 months to get it or have I completely missed to plot here?
Hit hard is an understatement however most people are carrying losses and thats investments for you. My plan going forward is to try and make my losses up on the shares but only time will tell!
I just got some news today, one of my investments which had went tits up last year and I had wrote off is now going to pay me back £108k albeit over a 5 year period through an IVA. Hows that for good news on a sunday afternoon! Me thinks I will buy some more SLV tomorrow, Yeha!!!!!!!!!!!
I am not going to put anymore into AST until I get some answers from them, as I was explaining to Spac3y earlier I am very concerned about the integrety of the BOD when they can make the statement they did reference Gazzata-1 in their final results and then just over 24 hours later do a U turn, they must have known before hand, then there is the SS funding issue, I will post any reply I get but at this stage I dont expect to get one!
Not so sure right now, have picked up on some intersting posts which lead me to think that KAH may not be as strategic to RIO, I too am planning to use the money elsewhere for now and see how it pans out but will keep an eye out here like most. To be fair I am only out today for 400k due to it hitting my stoploss, I have them set on all stocks at the moment due to the volitilaty. By the way, Happy Birthday!