Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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so you can be sure that some of that cash will be spent on them enjoying themselves.
saga : the USA alone has $30 trillion in wealth that will be transferred from boomers to the younger generations "the great wealth transfer" within the next couple of decades.
https://www.forbes.com/sites/markhall/2019/11/11/the-greatest-wealth-transfer-in-history-whats-happening-and-what-are-the-implications/#60f9da1a4090
Ark is my aim mining bet drill this month funded by glencore on a possible tier 1 zinc plus gold licences as well 2 mill mcap. Only got 500 in though as a gamble
Bigbangs. It made interesting reading I thought especially the common misconceptions section.
Mark, that for posting the report and letter - made very interesting reading. They made the rules we have followed them - we cannot then be penalised - I am more confident than ever. ATB
I’ve got it down as iag, llo and barc as long term return to sensible sp and dividend payers.
Saga, cine and Are as short term double your money potential
Yep cine is in my watch list.
My watchlist contains
Saga
Iag
Llo
Barc
Cine
Are
I’m currently holding this and mtfb ( which is suspended ) long shot rto punt.
I was in Kefi for a while but everytime you get a decent raise in the sp so a placing follows. Gave it up in the end!
Dont no one fancy gold mining companies they are looking at good value with the price of gold at the moment
First fact driven event in the diary is on or before 14th
Majority here bets on currently unknown outcomes:
a> Claims (JR review, discrimination vs similar card rates, etc. whatever advantage they use there)
b> Defaults (unemployment/fall of income)
First depends on BoD actions with some ambiguity on a side of opposition, second is beyond our control (except for better client assessment criteria on new loans)
IMO - debt can be dealt with (revolving facility, bond maturity), thus manageable (I think it's low risk here).
Another unknown variables are RG sale (who actually picks it up) and possible TO play.
Finally: new regulations, business model rebuild and lending restart (40%+ of our capital can't be reinvested atm)
I don't think that without some clarity on those outcomes above there can be serious sp move based on sentiment only because there's no rationale behind hope-driven approach, most reliable/sustainable moves happen via fact-driven events.
Hereshopin taking a very long term view I still think saga looks good I know it’s very much out of favour right now but the business is much more than just the travel side. Iag once they have got their fundraiser out of the way also but like I said right here and now not looking a year or 18 months down the road I’m struggling to see much with a potential upside like this.
I had a quick look at French Connection Friday, have no real idea where they stand but I expected a much higher Mcap to the current £7m (or £3m it did drop too weeks ago) one of them ones that wouldn’t surprise me if Mike Ashley picked them up, got to fill up all the department stores he’s still chasing.
Jeez when you think if we get all this resolved (I know it’s a big if ) the divis would be giving most of us best part of our original investment back each year !!!!
I’m thinking that I may have been wrong putting an arbitrary number on my exit point.
Furlough scheme ends completely in October but there’s that further job retention payment scheme to encourage companies to keep employees untill January I think. There will be a lot of job losses between now and January but I feel there will be a lot more in January once that scheme ends. That will coincide with the brexit deal/no deal fallout and also all the tax deferrals that have been made will become payable in January ..... it’s going to be a tough year next year and I think tougher than 99% of people realise.
So like I say if your gonna be invested .... where better than here? Ok other sub prime lenders maybe but are the better or less risky than this ( I don’t think so) there are the isolvancy practitioners begbies etc but I still see this as the best option right now
Personally I have bills this will pay and toys I want to buy (and I see this at higher longer term)
But if I “had” to sell at 20 tomorrow I would strip my investment pot back down to its original value and I’d probably put it in premium Bonds Until Next year I don’t really want to be invested in stocks when the world starts to crumble from stimulus programs ending or losing their effectiveness. But it would still be available for opportunities that pop up, just in smaller investments.
Mark I agree get to 20 most of the risk is significantly reduced. My decision point has always been the quarterlies. Only in this stock now. If I did sell I’d put my cash back into tech funds until something else comes along.
In all seriousness .... (and before the deramping brigade jump all over me) I know this is not guaranteed but if this opened 20p Monday (I know it won’t) but if it did and we all cashed out ...... where would we put our money right now? I suspect a lot of us would still be hanging around here looking or hoping for a lower entry again and with the potential news flow that might not come.
Mick. With Esl I bought in the day it was relisted sold half when we had that first bounce up 130% up but when it dropped down I bought back in but my timing was somewhat off to say the least! So the drop from 11p down to where I sold all but wiped out my profits I think by the time I chucked the towel in I was a few hundred up. I still think that might work out well for holder who got in when it relisted but I kinda screwed myself by tying to be clever.
Ouch i suppose we take the risks and take the chance you can take some hits on the stock market as long as you pick a couple of multibags which i think this has the potential to do
No I got in really low with Esl and came out slightly in front.
My shocker was Debenhams £50k up in smoke!
Mark was your other share esl?
Expru. I have had the misfortune of losing in a share ( in a big way as well) and this feels nothing like that at all far to many positive angles. The share I lost on big was a shocker when I look back on it with only one positive outcome possible that should have happened but for reasons I still don’t fully understand never got pulled off.
This is very different.
Good Morning All
YES - EXPRU DOES LOVE THE ANALOGY!!!!!!!!!!!! And no I have never had the pleasure of sinking thanks very much : )
Lawson will love it as well - morning sir : )
Seems like H and itsagame were on the pop last night and feeling very philosophical and passionate about their beliefs - which I share. I will say this again - TO DATE, I have not lost on a share and I don't intend to start now. Patience is the key word. the new BoD are going to need a little time to untangle the issues the old board created, but you can't help but feel it's good news all the way from now on!!!
Shezer is now called Uncle Albert and Hillman is H Nelson : )
Tomorrow is the start of the rest of our lives - for richer or ..............for richer of course - Hee Hee
Nice analogy Shezer. You just reminded me of the below:
A ship engine failed and no-one could fix it, so they brought in a chap with 40 years experience.
He inspected the engine carefully, top to bottom.
After looking things over, the guy reached into his bag and pulled out a small hammer.
He gently tapped something. Instantly, the engine burst back into life.
The engine was fixed!
7 days later the owners got his bill for £10,000.
"What?!" the owners said. "You hardly did anything. Send us an itemised bill".
The reply simply said:
Tapping with hammer: £2
Knowing where to tap: £9,998
Don't ever underestimate experience.
Glen and co will turn this ship around and patience will pay off.
GL all.
Ollly don’t think that applies to us not least as we suspended mainstream lending applications. When we restart it will be under stricter criteria anyway. We also engaged with lenders in regard to flexibility/payment holidays etc ..... nothing to see here.