Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Agree that long term CINE will likely be a good bet but it could very easily reverse quite a way on vaccine delay news or news that Netflix/Apple do a deal to stream a lot quicker in the future... And there's still a lot of debt on the bs to deal with...
As I say, I'm sure it will be fine in the long term but Amigo is a much better prospect in my humble opinion as it's currently priced lower than if they were just going to run out the book rather than bring a new, experienced team on board and start lending again...
Who's down on their investment Rhydaman... I'm actually £28k up right now but looking forward to increasing that number! I'd be very interested in your thoughts as to why I should be worried at having more than £5k invested here...?
Am sitting on a nice profit right now but I'm not selling at this price and missing what imo is the best turnaround opportunity there is. At some point over the next 6 weeks they are going to announce that they are going to start lending again and this SP is going to rocket! I made the mistake of selling 200k shares yesterday at 10.38p in the hope of getting back in cheaper but the risk is too great! I'm going to hang on to my 1.25m shares and wait for it to hit 30p which I don't think is long away!
DYOR GLA
Enjoy the car Frank!
I sold all of mine between 58 and 62p as well (ave was 49p so made some money!) but then threw the lot at AMGO (ave 7.2p) so currently over 40% up on that with over 1m shares... :-) Fingers crossed that they start lending again early next year and don't go out of business!!
Rox: Just sold my 19 plate R1250GSA as wasn't riding it :-( Awesome bike!!
I only mention it as I had been holding >200k shares in Aston Martin that I picked up at 49.xxp and they just sat at around 48-54p for ages. Then once Stroll got Toto and Vettel on board plus a load more of his mates at that price And only after they had all bought at or around 50p did the share price move northwards...
I'm a great believer that the management team need to have plenty of skin in the game to make them motivated to succeed and on the basis that I have more skin in this game than the new CEO atm, I'd like him to buy a load more shares and he's more likely to do that if the price is no more than what it is right now in my, probably very cynical, opinion...
Half Year results due 26th November... On the basis that most of the Board are new into their roles and have joined at a time which means they've been unable to legally purchase shares before 26th, does it not mean that the narrative around the announcement on the 26th is likely to be very muted and certainly NOT overly optimistic about the future as otherwise the share price will rise too quickly and before they can buy in at a good level?
This might be a stupid question but...
I'm on the HL platform and have just placed two orders to buy a total of 275k shares at 9.5p... When I look at my L2 Console on LSE the two pending buy orders I've placed don't show up. Is that because the L2 Console doesn't show HL pending orders or am I missing something?
A few people taking profits on this I guess this morning as more sellers than buyers atm but I think this has got to be a hold for the longer term. I was lucky to get in again on this at 7.24p so sitting on a sizeable profit already but I truly think the will get to 30p by January so why would you sell? The spread is too large to day trade effectively so sellers are just going to miss out on trebling their investment from here!
DYOR GLA