Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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might possibly be?..hopefully..perhaps!
there is no "MUST" in stock market !!!!!
It must be the floor the paid derampers have hit the buffers and moved on
Fingers crossed that 32 1/4p is the floor.
Its called a joke to highlight how I feel about the crew at KDNC so it helps me !
Mr C. How does that comment help?
And Kiran Morzarias kids school fees are due !
Absolutely. The 4 decent trades though are 170K shares so a bit of faith from someone, assuming they're the same buyer.
You can be pretty sure that KDNC are not buying, they need the money for their directors and bills, I'll be glad when they are gone forever.
It was a joke my friend
someone's buying though. Good luck to them
I assume your joking Zoom? KDNC have been slowly selling BCN for a long time. Using us as their only liquid asset. Drip selling to fund their salaries.
On a positive, hopefully we have found the bottom. Remember last time it dropped to 12p. Fun and games, best to ignore.
nudging 35.....
some nice buys going through. Maybe KDNC have some spare cash ??
34+ now
Anyhow - nice to see some blue.
Some steady buying today , 33.50 last paid.
Newboy58
We don't need to drag this board into a semi-slanging match on Brexit and the phrase "stupid Brexiteers" is the kind of broad brush destructive argument (aka lashing out) more suited to the ADVFN discussion boards, rather than here.
Brexit is peripheral - at best - to Bacanora's situation and much else besides.
100% agree bluegrass
Thanks Degsie - good to know. Crappy time for the market at the moment, Brexit hanging heavily on everything... stupid brexiteers. Can’t wait till we get better politicians in.
I emailed BCN about outstanding approvals and received reply stating "submitted to relevant authorities".
Fully agree!
The main drop here has happened since 5th august. The total volume of shares traded over that period is just over 5 million shares which represents 3.88% of the share capital. Presumably half of those traded or a good proportion were buys. That hardly indicates a scenario that a large investor is dumping shares because 'they know something'. I think the drop is probably due to a combination of kdnc continued selling, impatience and some caught up in a kind of panic or hedging their bets. I think the drop is overdone. There is no information to suggest the Garfeng deal will not be done. Things will roll on, the deal will be approved. Some people will have managed to gain by this drop and some will have lost out. End of.
I am happy to see, that the current "private investors" are strongly holding!
I bought back in yesterday having sold my earlier holding out. If the price stays around this level I’ll gradually add more.
The rise to the 50s looked overdone to me, especially as some of the macro environmentals are not, IMHO, particularly supportive of the mining sector. Long term prospects provided the Gangfeng deal comes good are excellent.
I can’t imagine I’m alone in thinking the retracement must be about complete.
Of the three approvals needed, (2) was the crucial one, followed by (1). (3) Would seem to be a bureaucratic technicality in terms of processing/transferring funds.
1) the National Development and Reform Commission (NDRC)
2) the Ministry of Commerce (MOFCOM)
3) the State Administration of Foreign Exchange (SAFE)
Sjb777, it does look very promising. China wants a global maritime ‘silk road’. It’s one of the main aims of the National Development and Reform Commission (Number 2 on Ganfeng’s approval list). The updated overseas direct investment (ODI) guidelines put mining in the ‘Encouraged ODI’ category because they are investments that further the One Belt, One Road Initiative. Like you say, patience is needed.
I still cant understand the sell off Friday and Today. I am nervous this isnt just profit taking and my mind wanders to the fact that the Chinese play a very devious game in business which is my main worry..