Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Bought back in on drop as honestly believe that new virus mutation panic fears are overblown. It is pretty obvious that mutations will occur and so far all symtoms of new mutation are mild. The World will have to live with this as this virus is here to stay and Governments are now taking quicker steps to stop the spread from lessons learnt. Still a very low price to get into and should be into 20p + given profits made at current P.O.G.
The reality is that thier Government see this as getting a freebie payout disguised as environmental issue. Why has it come about now ? Can see a payout from HOC to Gov so taking more of their profits. Bit like our NHS tax law. Just the same as taking other peoples money legally regardless of the consequences to real peoples lives.
Can see why no directors have bought in recently as they would have been well aware this could happen. Just grateful that this is the only PM miner i havn`t bought into by chance. Good luck if you have just bought in though but need some nerve as it could go in any direction from here. I would sell out now if you have made a quick profit.
Directors buys now would be great. Thought it would recover a bit more on contract wins as all bad news now priced in regarding write down of un-named contracts. Not sure what else can get price moving back North so just holding for now.
Tough decision. I have taken some profits and left 25% holding for dividend. All depends if you think that this will go down by a penny until divi of will it rise above a penny ? Realistically, this is still undervalued but a profit is a profit. Depends how many shares you have to make it worthwhile. I am waiting for a drop back to buy back in but probably wont be seeing below 17p again for a while.
Perhaps not an over reaction. Look at the 5 Year chart to confirm that this Company is not managed well since highs. Worth a small gamble but there is no reason not to expect this dropping to £ 8/9 range over next few weeks. Failure is heavily punished and dificult to gain reputation back. Good luck if you have taken a position but may need a bullet proof vest that works.
Realy tempted to buy into this one but have seen that most FTSE 100 Companies with bad news now tend to be punished further for a few weeks. Can see dropping further Tomorrow and cant see an immeidiate pull-back. Buy order in for £20.50.
Sold all my POLY yesterday and bought into CEY & HUM & PAF. Expect the bigger ones to move first and the minows such as this to catch up providing that gold dosn`t drop back sharply. Still a good price to enter for HUM so nothing to lose as yet.