Discussion in 'Stocks & Derivatives' started by bellinvest, Apr 20, 2016.
I wouldnt accept PIO shares as a Chrissy present.
It's a good buying opportunity for a mid-long term hold. I loaded up some more today @ 2.5c.
Graphene has huge potential. I hold First Graphite Resources (FGR), which was up 20% today and looking ready to explode.
Mass applications for graphene are about 10 years off though... I'd stick with graphite (BKT, VRC) for the timebeing...
Back to PIO - it's a waiting game now - there's enough going on in Sept as far as activity on Pioneer, Mavis and Acra, however the company really needs to get it's PR shizzle sorted - the recent SPP was fumbled, not handled well, and this has impacted on sp in the short term imo.
Hold - or add at 2.5c and below.
It just seems like an illogical thing to do, hold or buy more when it drops.
wouldn't it be more logical to sell and buy back when it drops?
I see 1.8c before it getting higher than 3c
so why not sell at 2.5c and buy back when 1.8c?
Sure, unless it doesn't drop any more and only goes up from here.
Everything is obvious with hindsight, and everything without hindsight is just a guess and a gamble.
FGR doesnt require the mass use of graphene for it to be a very profitable company. They not only have the highest quality vein graphite mining licence in the world, they are about a week or so away from finalising tests on their commercial graphene processing units. Each small unit is capable of producing 5 tonnes per annum of high quality graphene from vein graphite at a conversion rate of 80+%, making it the world's lowest cost producer. In addition to this, they plan on leasing the units to other companies on a commission basis.
More info: http://www.mrltd.com.au/attachments/article/142/20160721-Noosa-Mining-Presentation.pdf
Who said it's going to 1.8c?
and I'm a recent FGR stock owner, with my track record it might mean something
The lad will be on a roll.
SELL SELL SELL
Yes that's great but there's a market for graphite right NOW.
Is there one for graphene, and if there isn't in terms of mass applications, when do you see that arriving?
Yes, there is a market for graphite now. FGR could provide 99.9% pure graphite concentrate from the units and 90-99% graphite without processing if they saw that as a more profitable alternative but their main focus is on their processing units and graphene production.
The graphene market is only just beginning and we probably wont see the mass application of it for another five to ten years but I do expect it to ramp up over the next couple of years as it becomes more available.
In any case, I'm happy to be holding FGR and plan to hold for the long term. I'm currently 50% up and can see it easily becoming a 10+ bagger once commercial deals are made.
No mate - read my post again - I didn't ask if there was a current market for graphite. I made the point that there is no current market for graphene and there probably won't be for another 10 years.
Besides in terms of graphite versatility and tech grade applications VRC have the purest jumbo flake - expandable flake too - which no one else has (apparently). I sold VRC a while back but will prolly get back in in the next couple of months.
No, I was agreeing with you regarding the graphite market. Graphene has a very small market at the moment but that will change as graphene becomes more readily available and cheaper. A couple of products in the market at the moment:
http://www.head.com/en/sports/tennis/technology/graphene-xt/ (tennis racket)
http://vorbeck.com/ (security tags being used by HomeDepot)
Presentation Mining 2016 Conference Brisbane yesterday....
PIO looks like it's holding now whilst all the other miners I've got are dropping in the recent correction.
So I'm calling the bottom.
But of course given the low price, even another small move south means a big-ish percentage.
Yeah, it does look like 2c was the bottom. It's been a good opportunity to accumulate more and average down. Fingers crossed for good drilling results.
Sure the novelty has worn off a bit but if fundamentally the numbers stack up, (and as yet they don't with PIO) I can't see a correction taking place.
Again, a stock like PLS trading @ 50c, if the fundamentals turn out to be correct, are a $2 stock.
BLK (Goldie) was trading @ 85c today, another $2 stock.
Big difference between correction and rethink. PIO is in the latter category.
Itchy fingers, they'll be back.
Nice 17.39% close today.. Next week could be interesting..
I'm still here - I wish that idiot Pallister/Josh22 on HC would boil his (several) heads though...
Separate names with a comma.