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Typo: Should be £7.19 to £3.99. Also, should read ranked, not ranking.
This morning, another big stock fell from £719.40 [overnight] to £399.70 [intra-day low] after opening due to an RNS.
A few days ago, a departmental store was put into admin. One poster bought more stock as the share price fell and put their house and every penny on the line on just this one stock. Many of the posters on that stock contacted Admin who were very responsive and they contacted emergency services. This is not the first time.
So, before putting the family at risk [REMder who tweeted], it is ......hard to express caution.
I have come to post about Mr H*s aspiration to turn £1k into £100k. With a few trades over 1-2 days, one trade was much more successful due to the volatility - the stock fell from £1.05 on 9 April 2019 to 20p and bounced. So, + -, Mr H turned £1k into around £1,660 from recall.
That means Mr H has got to get it right around <200 times in similar fashion excluding any multiplier effects ie just pure straight line cals.
However, today, Fri 12 April, 2019, nothing more has been tweeted about daily trades. Not sure what has happened?
Suffice to say, that Mr H was attempting to do DAILY trading.
I was following sometime ago, one blogger who attempted to turn £1k into £1m but for some reason, after a short time, no more being said.
There are a lot of fund managers out there who earn a living investing in stocks both in the UK and the USA.
As professionals, their record is ranking and their funds produce yearly results.
On topic as one REMer said on Twitter he lost money etc and from the caption title above, REM was one of the most successful in that period for an AIM stock as it turned £1 into £95 [0.04p to 2.25p or £1m mkt cap to £95m mkt cap].
So, this topic ends as one may now be aware that the challenge appears great.
Some have made it and they have gone down in history for a long record.
Fri, 12 Apr 2019
Lol. Its O.K - we got there in the end about the REM takeover of BCN.
Oh, you may have read about H wanting to turn £1 into £100k and that has really stirred up imaginations.
However, as I have posted REM was the only stock that went up 95x, hence £1k went to £95,000.
The Founder of REM*s other stock went from 0.35p to 11p+. That is nearly 30x. So, one would have to put in £3,000 + to achieve the same result of nearly 90x plus.
Not sure how people lost money on a stock that went 95x and 30x?
LOADS of news passing through re:lithium especially Western Australia and hydroxide etc. Very critical info - I have liked it on Twitter.
Sun, 7 April, 2019
Just finished the Sunday Times - nothing about EV*s or lithium etc.
@news. KDNC effectively offered £1 for BCN shares as part of the merger proposals:
"Rebuttal of Proposed Merger" (30 September 2016)
The midpoint of the Proposed Offer range represents a premium of only 13.1% to the Bacanora closing share price of 88.50 pence per share on 29 September 2016 (being the last trading date prior to this announcement);
88.5 * 113.1 = 100.09p
If you want to give a range, it can be calculated from this paragraph of the announcement:
The merger exchange ratio proposed by REM is between 135 and 141 REM shares for each outstanding Bacanora share ('the Proposed Offer')
i.e. The 100.09p corresponds to ((135 + 141) / 2) = 138 REM shares, meaning that the offer range was:
Low: 135/138 * 100.09 = 97.91p
High: 141/138 * 100.09 = 102.27p
i.e. 98p to 102p, not the "88.5p - £1" you are currently stating. I'd just stick to quoting £1 if I were you. ;-)
Apologies if I have misunderstood the meaning behind your quote, as I've just realised you might be trying to say REM offered (approximately) £1 when the BCN share price was 88.5p? Which is true!
Typo: Should read attempt, not attempting.
On Twitter last night, Fri 5 April, 2019, someone called "H" [shortened to initial] tweeted that he is going to attempting turning £1,000 into £100k!.
As far as I am aware, the only co on AIM to do that is Rare Earth Minerals Plc [REM] under David Lenigas, Chairman. Mr Lenigas started REM from Zest plc, a shell.
Due to the Sonora drilling [lithium Mexico], the stock went from 0.04p to 2.25p, £1m mkt cap + to £95 million, thus multiplying 95 times. That is £1,000 became £95,000 at its height.
Needless to say, Sonora lithium was a big resource which Midas said [posted on this forum before], it could supply 9-10% of global supply then.
REM went into records as one of the most successful AIM co*s for one year. Each yr, its different co*s.
Naturally, when the takeover by REM of BCN [Sonora Lithium, Mexico] was rejected at 88.5p - £1, the efficient mkt theory kicked in.
Thought I would relate the history.
Many others have commented on H*s tweet and said it needs to be done over 30 times and another 24 times.
Moral of the story, if one got in early at 0.04p, it is different with someone getting in at 0.9p and so forth. All shares normally do not stand still due to news flow that affect "valuation"?
Sat, 6 April, 2019