This mineral-chasing stock is riding high (14p), probably due to Market interest in Minerals, although I'm finding any [NVTA]-mining activity difficult to find. The Directors bought a few grand-worth of stock at just 5pJan2010-DYOR, probably shows they didn't think this was anything more than window-dressing.....so now it's been inflated by punter-folly these Directors are sitting on massive % increases, yet worth dilly-squat.
Anyone invested in this stock, IMHO suited as wall-covering?

Oh Dear!! Bless. Such Clever Quick Replies eh!

sure glad i haven't been holding these for several months!

Blimey - a proper "Grand old Duke of York" chart :-)

anyone think that this will recover eventually albeit diluted? and any ideas what price the dilution will be at? i am guessing around the 25-30p mark. just thinking in terms of a long term recovery play fro the ISA. there are probably better fish in the sea but until i do my homework wont know if this will make the watch list or not.

any views?

DYOR

Alex
[currently not holding]

yes - stay well clear!

Cynic, for why?

They still have the stuff in the ground the problem lies with the cashflow[or the very large lack of it]. the situation wont fix itself overnight but i would have thought the SP could eventually[hopefully in next 5-10 years] return to the dizzy heights of 2 from whence it came. it got there by virtue of the stuff in the ground before the lack of cash.

I appreciate there will be many better fish in the sea and opportunities for making a profit in the shorter term. i was just looking at the 4 bagger possibility if it can recover from this set back.

i have no plans to buy in but feel it may be worth a slot on the watch list.

Each to their own i suppose

Alex

common sense is as good as reason as any

the thing is why the hell do the directors want to raise money through open offer and placing. Wont the institutions lend em the whole lot.

Up 300% but could not trade and Halifax could not give any reason.

OK with HL.

Is that Hargreve Lansdown? If so I might change.

Yes - Hargreaves Lansdown

I'm in as of this morning..for better or worse...worth a punt at these levels and will hold for the recovery in the sp

sky hope you got out before the bad news.

got out just after! not one of best decisions/timings...funny it went back up again and recouped half it's original loss...my other, more serious purchase today was IAE...much safer and should get significant returns over the next 12 months