Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Probably not even bottomed yet.
Ouch!
Some of the buying is probably to gain the ability to add at the Conversion price else you won't be able to.
"· If converted, the conversion price will be the lower of the volume weighted average market value of the Company's Ordinary Shares in the 5 trading days immediately preceding the date of the conversion notice or 0.5p per Ordinary Share of the Company (the "Conversion Price");
· At or around the point of Conversion, the Company's shareholders will be entitled to participate in an open offer or similar arrangement, at the same price as the Conversion Price;"
A strange TU with so little to go on there has to be a reason. They just can't be a*s*d with the market and only one reason for that attitude I can think of is they intend to come off market.
An offer based on the average closing price of the last 36 sessions or something?
DBAY?
A great deal of new capacity is lining up to hit the market. The fall will be very substantial.l and surprising.
BYD amongst other projecting a substantial Li price decline and from MF, "lithium carbonate prices could fall from over $59,000 per ton this year to just $11,000 per ton in 2024, while lithium hydroxide could drop from $67,240 per ton this year to $12,500 per ton in 2024."
https://oilprice.com/Metals/Commodities/New-Supply-Could-Help-Bring-Lithium-Prices-Back-Down-To-Earth.html
Better price days coming as it will see increased volume. Niox has broken through an upper donchian level I monitor and that very often leads to a price run upwards following on.
So do I. May look to recycle some of the cash into Tamdown if it shows weakness worth exploiting post separation.
US tax loss harvesting season. Looks like there's a seller letting stock out into the market and trying to avoid trashing the price. Don't see a recovery hapening until at least that has ended and Directors don't need to buy if you look at their options packages.
Still further to fall.
Is this existing for any reason other than to enrich directors?
Still people hold on like addicted gamblers.
Director sells don't help.
Read up wakey, ego imho.
Bayford give me the creeps. Just my own feelings, would be better without them.
The strength of any bounce off a bottom matters and the bounces haven't been convincing. If this next bounce is weaker than the last two it flat lines around here for a while or breaks to new lows.
We might be shocked and surprised.
Grow is last but one in FTSE350 and small margin between it and last.
Took a quick look, may bemuxtaken, but a relatively small fall and its out of the list. Please check to confirm. Some trackers may then have to sell.
Not yet convinced we hit bottom so waiting.
There are parts of the market offering attractive yields now in solid companies that can/will regain lost value when this turmoil is over. Getting paid 6%+ to wait then will capital gain.
This next 3 months will be critical and we haven't seen a capitulation event in the wider market yet, I am expecting one once 2023 earnings projections get real after this earnings season. Hope I'm wrong.
Tempted to buy but being a hero has always been costly, want to see money flow reverse first.
I do think more pain to come, then bottom. Seeing the bottom in the rear view mirror leads to a better reward/risk. The actual bottom will likely be a surprise, unfathomable, compared to the peak.
It doesn't matter what we think the value is as the flow of money dictates the price and liquidity is drying up and money glowing out.
https://www.seeitmarket.com/are-growth-stocks-about-to-experience-more-selling/