Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Added a few G today.
Seems oversold at these levels IMO.
Leaving it a few weeks now.
Much similar here to the situation at Hadrian's Wall- HWSL. A couple of poor investments and the reputation is in tatters.
SQN need to bring in J.Laing Environmental Assets to help sort out the AD problems before JLEN or someone else picks up the assets on the cheap.
The way this is being sold down, 40’s could be here rapidly.
If it’s Schroders selling they still had over 9% on the holdings RNS.
Depends what their ulterior motives are and what % they want to go down to, if any at all.
Eyes Down!
Worst case scenario from the RNS was a NAV of 75p. With the usual 10% discount to NAV we see in the market we have 67p. The continuation vote may fail to pass. Then we would see the assets sold of, and a return of capital. That could be at c62p a share. Buying now at 52p gives a possible 20% profit. Is there a special situation developing here? Should we be brave or fearful?
I doubled my holding already. Went through as a sell of course. Will come good eventually, or sold off. Surprised they can't get the AD right. There is so much research and profit making ventures about. Someone should be able to sort it out.
Ridiculous selling at this trashed low price now...Well that’s the mentality of II’s ?
I’m ready to pile in more very shortly.
Bargain time.
This is getting seriously trashed, Institution-s ditching...seems rather pointless until we know a more definitive NAV.
Low 50’s possible at this rate. Typical, I doubled up the week before the RNS started this sell off.
Timing of RNS wasn’t to our advantage 08.26.
Continuation vote in Nov. SQN are losing credibility IMO.
Too far down now to sell holding. Watch and wait for the bottom. I’m not really tempted to average down until the picture becomes a bit clearer. Too many AD plants on the books.
I’m not seeing a bargain at the minute! Low 50 maybe.
The Suniva investment can be written off, giving a NAV of 89p. The impairment today of 14p per share (worst case) therefore now gives a realistic NAV of 75p. Thus the fall seems overdone. The dividend will have to be cut, so there will be more sales, and possibly a further drop. Realistically this will drop below 70p, and then it will be a bargain.