Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well many people have this as an investment for dividends in the last 30 years it’s been over 6 pounds a share.Basically they have made profits during the pandemic the dividend has to be resumed otherwise many like myself will exit from the stock .
The hinge pin here is rate decisions which are coming up.The negative interest rate will paint a different picture.Would like to see 40 pence but at present 34 is the best whatever the market does with a daily drop into 33 for the traders.Investing is different the movement up wards is a slow process one small peace of bad news no dividend etc will take this back into the 20 pence region rapidly.Let’s hope it gets some good news.All very flat otherwise.
We’ll always a hope for a spike before out.l was trading when this was 6 pounds a share many got in at 4 pounds thinking it was a bargain.Rolls Royce shares in 1971 airspace went into receivership share holders got a penny in the pound.They opened up the the same day as RollsRoyce1971 ltd at the original shareholders loss.Nothing is predictable.why don’t you cash yours and give to the charity of your choice.
The slump is underway anyone’s guess direction of prices.l am setting stop losses on all my stocks if the market keeps falling the bottom prices are not predictable.Here the resumption of dividends would have given holders faith but lack of feed back does not look good.it is difficult to except a huge loss but hate to see all my funds depleted .Still it’s all a gamble just picked the wrong horse here.The adverts are putting salt in the wounds keep saying the banks here for you for who not the share holders it seems.
Markets are in freefall across the board .No one knows the bottom figures many are hitting the stop loss button which makes it worse.Wont top up til things show a level this hits 30 pence that’s a 25 percent loss in a short time no dividend .Just a waiting game.
Looking forward to Friday.Experts can never be wrong most cannot work out if it’s clay or not.Always wanted to deal in penny shares but didn’t want to start at a pound.Hope we see 40 but maybe top up in the twenties tomorrow.