It was mentioned a couple of days ago on here about fertiliser and depleted soil nutrients. To continue that it may just be that Sirius Minerals venture into Tanzania might just be perfectly timed for an African fertiliser revolution. It's understood African associations are coining phrases such as "without soil there is no life" & "To feed people we must first feed the soil". These are all very good and well but certainly in East Africa the trouble with fertiliser begins with the governments. Particularly in Kenya where there are continued shortages in the importation of fertilisers which tend to be chemical fertilisers. They have a heavy dependency on DAP which doesn't provide much in the way of nutrients for the soil. The shortages are not helped by the poor infrastructure and transportation systems. Uganda (land locked) depends on Kenya for its fertiliser but the burden of shortages plus the higher transportation costs mean farmers are often getting as little as 1 tonne of corn per hectare compared to North Americas 12. Can Sirius muscle in on a market with a cheaper multi nutrient fertiliser which is cheaper than its less effective expensive cousin? I guess we will just have to wait and see!
Absolutely, Bluebottle. Stop-losses leave you exposed to "fat-finger" events. Although these are rare they even occur on the main market. In the middle of one morning about a year ago the price of Rio Tinto did a crazy (what's the opposite of a spike? An "icicle"? A "stalactite"?) blip that was attributed to trading bots doing a wobbler. It was only for a moment in time but it would have been enough to trigger electronic responses in the accounts of those who'd set them. I bet buyers love stop-losses..
"The only certainty with stop-losses is increased transaction costs (which is, no doubt, why parts of the brokerage world have promoted them). There's no evidence they produce better strategies. They're just pricey security blankies for nervous investors.
Except blankies don't do any real harm, while stop-losses are pernicious little suckers. Before deploying a stop-loss strategy, lock yourself in a bunker."
Experience has taught us that stop losses aren't friendly for pi's. ATVB BB
translates as prevost taking the Michael - translated to Yorkshire it goes...... problems dahn t' pit in spain, heard it from some guys down't pub, can't say 'owt as sworn to secrecy, got a bad feeling, yada yada
It is quite entertaining to watch the thrashing heard of wildebeest at times. But it can get particularly messy when it starts trough the fast flowing water.
Skilled people make money from volatile share situations, be they the value spotters or momentum chasers. Others unfortunately see momentum too late and then let them selves be hoodwinked by a few of those skilled people who are also unscrupulous. Of course that doesn't preclude there also being people who are not particularly skilled but are particularly unscrupulous. Now THEY are amusing.
Me, I'm just far too slow for the lot of them.
And, I will hazard, luckily, I think this share is now also.
With WRES it's an 80% lift on gaining approvals on Wed. We had one of those votes here, I'm sure a few will recall. For me that was a time to reduce, then wait (have a few beers), then go back in.
However as for WRES? Viva la Spania....and maybe viva tungsten one day.
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