Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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My buy showing as a sell, why?
Fair play Dillbert.. and I wouldn't miss me here either.. and great of the s/p went up if /when I sell up my last tranche.. the long suffering here deserve it..
No doubt PL doesn't like to lose money.. and no doubt he has tried very hard to avoid that here.. but operationally this co. has been very poorly performing for such a long time now, alas - and those DP wells are just the latest egs of that - and PL can only control that on ground implementations/outages/fixes to a small extent..
(still, I expect he has a bunch of top accountants engineering as little losses as possible here for him personally, from what has been a badly performing company for many years now.. eg lending from personal wealth at good interest rates for him more than ppc.l, favourable tax arrangements in sundry shapes and forms off the back paper losses on his ongoing 'investment' here ... nice salaries he, his son and mates take out of here.. etc.. )
More generally, this co would be bankrupt years ago unless PL and other shareholders eldlessly save/d it.. but his original Paraguay out of controledness would be the cause of that.. so he has obligations off the back of that.. etc...
Hi Steven49
You don't have to keep reminding is why you have sold. You've made your choice so there is no need to come back and justify it.
I hope NTM sells his last tranche too. When he announces that the price usually rises.
I'm still going to hold. Rich men don't like to lose money and I'm sure PL sits nicely in that category.
Good luck with your future investments.
Dill.
Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated.
Guzman announced his decision in a seven-page letter published on Twitter. No replacement was immediately announced.
Another thing that swayed me was argentina's economy, 60% inflation and rising, there economy is in a, state and resignations in government, many investors will not want invest in those unstable country's, notice windfall tax on many big company's not affecting ppc
Best wishes steven49 - hope all goes well.
Yes, it's a tricky climate - if there was more certainty in the market I think lots of shares would do a lot better and reflect their company's true value. Here's hoping we have a return to how markets operate and our investments receive the rewards they deserve,
Atb,
Northern
My buy today is showing as a sell.
Good luck steven49 and I get why you sold up here and I took plenty from your posting here. thanks !
(I came close to dumping all my small remaining holding here this week - those Salta DP Well costs scare me, and nearly broke my small remaining spirit here - but I just sold down one more tranche instead.. so only got a couple of grand left here now....and I know well I wouldnt be missed here if I sold out.. but fully understood on that .. )
ps having 5k gbp in here at 1.25p average is a bet i'd consider interesting here now.. even if markets stay bad for long..this would have to go close to 1 p for me to have a chance of getting such a bet live .. it may well not of course and sad for many here if it does .. but I'd only go for it here in circumstancs such as that, around now....
Can't say i'm gonna miss you :)
Decided sell my holding, GLA not liking general climate with shares, holding nothing now, GLA