Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes I am aware and a million pounds to come in next half of top in results. That's why I think the market cap is so low but the bod credibility has probably scared the fund to sell
To be fair to riddler he is looking to buy in but is being cautious and that's is fair enough. Anyone looking at the massive drop in value would be cautious especially with the recent cock ups by the ceo. Personally the value and risk at this low level is relatively palatable at present. The board will need to hit there targets on half year report in time and in good time to rebuild investor confidence
Riddler. I will add you on Twitter. Welcome!
I remember buying these at 16p when it was @uk over 2 years ago and selling at around 28p only to see it go much higher. Little did I think there would be a chance to buy these at this low a price. Such a small free float when seller is done points to a good recovery. Am looking at CPX again as that is back to around 5p now
So you will wait on sidelines till a rns from board or a holdings rns? Fair enough to be cautious
I bought some at 6p Thursday and a few on Friday Not huge amounts but enough that I am comfortable with. May add more tomorrow
Maybe. Whatever happens you cannot deny the share has been pummled here quite aggressively. I do read share prophets now and again and listen to the odd bearcast. Does make me laugh how they get to hung up on some shares however in interests of balance i think it would be churlish to take on the views of both Bulls and Bears.
You maybe right riddler but whoever has been selling. One fund or more has clearly nearly finished hence the terrible drop and slight recovery of last two trading days. I noticed a large 700k buy on Thursday. Was that a short being closed ?
Well I expect the fund to be out tomorrow as there was no delayed sell on Friday so I guess the market maker still has a few hundred thousand shares to offload to buyers at 7p and once that has gone as you say I don't see much resistance on the way back to 12/13p. The 8 million market cap is way too low. Afpo market cap at moment is 16 million double ours with just a few MOU
Congratulations Graphite for including one of my favourite words I your last post. I tend to agree with your sentiments. Seems more balanced opinions here then over on the advfn boards
Purely on bounce from when seller is done which is likely to be tomorrow and the very low market cap. I have no doubt they will need extra funding at some point but I doubt bod would be keen on a placing at this low level as it would be so dilutive. The problem is the chairmans credibility is shot after his disastrous transaction and losing the previous nomad. There certainly will not be a placing at 2p as some derampers and I assume shorters are suggesting over at advfn
I agree. I personally think this will recover when the fund has sold out. I don't think the chairman is a crook but he has had a shocker of a year and it's strange seeing the sp this low and an 8 million market cap. If the half year report in September even is semi realised I see no reason for this not to climb back to 12 p
I am not sure there cash position is that terrible. And even if there is a placing at 5/6p maybe that was being held back as sells? Riddler. I thought you were looking to take a position. I guess you on the sidelines
I see the derampers over at advfn are warning of game over for Cbuy, placing at 2p. I think more likely an overhang being worked. Probably will clear on Monday if similar volume
Who is selling out at such a low price?
its gone quiet. No trades in nearly an hour and a half
Zak Mir chart today on share prophets suggest testing 12p near term
Yum. Nice 100k buy at 7p
You may be right. The key is get in low. I bought at 0.52p and sold for over 200% profit. I bought here low also at 6p. But low sell high is the key isn't it
Ah rock. I remember you saying sell Afpo at 0.6p bless