Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I came across Redt via a freind who had connections with the company - i too was suckered into investing by the concept and lure of big returns pumped up by Scott and management - my mistake was not analysing the history of how the directors deployed capital.Its clear these guys are morons .
i know via my friend these guys scrimped on product design and componetry ,they didnt do their home work on foreign grid standards ect ...bascially they tried to go the cheap route and it has cost "us" dearly - this is what is causing the delays ...the product is S*** ..... .
i have sold for a loss , good luck for current battlers i hope you can recoup some losses and i hope Scott pays for this somewhere down the track!
Dunno what their time horizon is but hoping it’s a long one . only one fund seemed to be short TW . Maybe due to the high divs they’d have to pay on the short... in saying that they prob stand to make twice as much if they held a short through the special div. maybe be lucky to crack £2 at this rate . Whole markets turning to sh**, and DT is about to declare a 60bn trade war. SPY futures down , ain’t looking good .
I love it Nige how you use previous % increases from certain points in time or or expected div yields to predict a price . if you apply the same logic in reverse you should then get the stock falling to its jan price ex divi which it did last year . That means a 60-70 p drop ,Most of which will be a gap , only someone with rocks in their head would be buying from even 2.30 upwards . I do hope your right , il be in heaven if your are as I’m long this stock but if we see 2.50 in May I will be taking out the highest leveraged short and paying the div to the “fat cats” and robbing them on the sky dive down the next day .