Sirius minerals shares

[Matty]

Sirius minerals today took a big dip could be a good time to buy!! Currently trading at 28p 

HODL until 2021 

[richatthecroft]

Unfortunately, I’m still in significantly with Sirius, alongside other stocks.  Maybe, before my demise I might get a return. All the stocks I own give me the greatest displeasure and disappointment on a daily basis unlike holding Precious Metals. 

But you are right, it might well be a good opportunity to get in on this one.  Until the next dip that smacks one hard in the face! 

MY advice, DYOR. 

I guess it might be labouring the point, but my sentiment points to hating pretty much everything about the madness what is the stock market, particularly AIM. 

Good luck to all with whatever investments float your boat.  I know where I’m putting my hard earned in the years to come.

[boon]

1 hour ago, richatthecroft said:

All the stocks I own give me the greatest displeasure and disappointment on a daily basis

amen to that brother  i've actually "given up" on shares (but keeping my now small amount of positions, "just incase")

I think I may have held SXX before but it was prob in my (even more) stupid AIM (read as betting) days. I really didn't know what I was doing back then, and I'm pretty sure I'm not much better now either 💀

Good luck to the holders at SXX, it would be good to see a yorkshire mining firm come up with the goods 

[richatthecroft]

8 minutes ago, boon said:

Good luck to the holders at SXX, it would be good to see a yorkshire mining firm come up with the goods 

Yes, best of luck! I do think the mine will be a success, when I drive by it always looks impressive and lots of activity.  They have their head office in Scarborough.  I do hope it brings work and prosperity to the local area, Whitby is a goldmine for pubs, restaurants and ice cream, full of tourists, but it would be nice to see local young lads and lasses earn decent cash at the mine instead of working on the minimum wage flogging fish & chips and ice cream. 

[Shinus73]

Can’t be worse than my punt on Rubicon Minerals 3 or 4 years ago. 

A £2,000 investment from my SIPP is now worth £21.78. 😂

[richatthecroft]

2 minutes ago, Shinus73 said:

 

Can’t be worse than my punt on Rubicon Minerals 3 or 4 years ago. 

A £2,000 investment from my SIPP is now worth £21.78

 

Oh dear, sorry to hear of this.  My ££3,900 in SUMM now worth £700 might just trump you @Shinus73! Lucky I took quite a bit of profit only weeks before it fell out of grace. 

Anymore for anymore tails of woe? 

[Clens92]

1 hour ago, richatthecroft said:

Oh dear, sorry to hear of this.  My ££3,900 in SUMM now worth £700 might just trump you @Shinus73! Lucky I took quite a bit of profit only weeks before it fell out of grace. 

Anymore for anymore tails of woe? 

Carillion... only a £200 punt in their dying days; a cheap lesson overall.

I'm in Sirius for a few grand; I'll likely buy a few more shares tomorrow - the fundamentals still look solid enough.

[Matty]

Hold On For Dear Life with your SXX shares I am also from Yorkshire and see the progress the mine is making, I compare the share to CF industries they have a similar product, I think holding until 2021 is the best option it may dip from now until then but you haven't lost money until you sell.  

I'm slightly addicted to the SXX shares gold has took a back seat for a few months now 

But I agree DYOR

[Mcgrimes]

Carillon - how I share your misery, lying scum of a board of directors 

[TopHatsTales]

I am free carried on SXX. Got in years ago around 6p and got my money back plus some profit at iirc 36p soon after.

Flip side....

RRL 

Got in at about 4p, rode all the way up to 24p and still hold, never sold any. Was holding out for £1. Still hold them, assuming they are still listed, don't even look anymore. Worth about tuppance.

Another notable one, relevant here is AGQ. 

There are others that i doubled and tripled in a day, plus others that died.

Aim is just a casino.

Well that's cheered me up....

[Mike]

When I started work, back in the late 80s (that's the 1980s for you youngsters) there was all the hype about dragon oil shares - they were penny shares and lots of us bought £1-200 worth.  They tanked.  I stuck the certificate in a box and forgot about it. About 5 years ago, I found the share certificate by chance and looked up the share price, they had restructured, I owned fewer shares but they were worth over £1000 at £6 per share.  So I added them to my portfolio, until in 2015 they were bought out at £8.00 a share I received a cheque for £1300.  The moral of the story, buy and hold, if you can afford to do so, you never know what may happen in the future!  Thanks for reading and happy investing

[Lowlow]

On 21/09/2018 at 15:31, Mike said:

The moral of the story, buy and hold, if you can afford to do so, you never know what may happen in the future!

Tell that to the Japanese ..

Nikkei opened at 23,873.95.

The market hasn't recovered to its 1990 high, but hey, it's only been 28 years ...

[Mike]

I think I held Dragon Oil for about that time!

Nice Graph - what would it look like in sterling?

[watchesandwhisky]

21.98 today

 

[vand]

What's the issue? It's a miner.. they are notoriously volatile.

cost-average buying into basket or fund like GDX is the smartest way to play the sector, unless you actually know something about the mining industry that your average wall street financial analyst doesn't.

[dicker]

On 06/09/2018 at 17:01, richatthecroft said:

Unfortunately, I’m still in significantly with Sirius, alongside other stocks.  Maybe, before my demise I might get a return. All the stocks I own give me the greatest displeasure and disappointment on a daily basis unlike holding Precious Metals. 

But you are right, it might well be a good opportunity to get in on this one.  Until the next dip that smacks one hard in the face! 

MY advice, DYOR. 

I guess it might be labouring the point, but my sentiment points to hating pretty much everything about the madness what is the stock market, particularly AIM. 

Good luck to all with whatever investments float your boat.  I know where I’m putting my hard earned in the years to come.

Totally agree and particularly AIM is a bit of a Wild West experience

[kimchi]

Had a letter saying there's a new share issue for holders at 15p each, what do folk make of this?

[Tn21]

On 06/09/2018 at 18:39, richatthecroft said:

 

Anymore for anymore tails of woe? 

I had ARM holdings in the early days, cashed out at a profit however if only I held on to them I would be somewhat better off. 

[Abyss]

I don't own any shares/stocks but I have had a look at Sirius minerals today price 17.65 pence. Today jump share price 10% just dead cat bounce.

Information available from my Broker (Interactive Brokers)

Quick look at the charts from trading view (free to use). Weekly charts last impulse move down and monthly charts fast approach long term support trend line most likely broken and IMHO heading between 2 and 6 pence per share.

Monthly

Weekly

 

[kimchi]

@Abyss what is a 'dead cat bounce' please?

[Abyss]

27 minutes ago, kimchi said:

@Abyss what is a 'dead cat bounce' please?

What is a Dead Cat Bounce?

"A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough."

Copied and pasted from

https://www.investopedia.com/terms/d/deadcatbounce.asp

 

[kimchi]

Blimey it looks like all or nothing now

No choice but to hold and pray.

[5huggy]

On 28/08/2019 at 12:09, kimchi said:

Blimey it looks like all or nothing now

No choice but to hold and pray.

depending on your "in" price - -

I have my eye on an exit of at least 50% of my holding around 28p - forecast has on at least one broker as being 40p

So after capital return + profit at 28p - I will then sell into any further increase on regular per 5/10% increase

[Shinus73]

Speaking from recent experience, once a mine starts tanking in this manner, the chances of it recovering are slim to none. I'd be prepared to lose your entire holding.

[5huggy]

Morning @Shinus73 - I have followed this company since inception in the real penny share bracket - having been in and out on three occasions and realising a rather lucrative profit!

I am quite happy at this stage to be following for now!

Homework is always the key - - There are some serious "BIG HITTERS" - with VERY large interests - that are likely to "ensure" this moves forward .

They want BIG profits!😉