Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Makes sense to focus on the gold IMHO. Thar VI has been proposed to be included in the next annual review, which means we could be waiting another year before anything happens. Even then, it's only a proposal. The Aus gold is happening now though, so much more likely to effect the sp over the next few months.
On my daily chart, I can see resistance levels at 0.45, 0.60 and 0.70. If we can get through the first, I'll be happy that we've got definite movement going on, but I feel we still need the LOI or a good pull of gold to get past the 0.60 and 0.70 (they cold well go together).
Been in this for a while and have steadily increased my stake. During that time I've read a lot of negativity from sources about how long it has taken to get the That coal moving and getting the LOI. What I've seen though, is a very proactive board who have shown that rather than just sit and wait, they've pushed on with new projects to keep Oracle moving, in the form of the Ozzy Gold speculation. They've also put their own money up, spending their salaries on share purchases. I maynot be anywhere near being a large investor, but I've been doing this for nearly 40 years and am proud to say that I'm really chuffed to be invested in a company with such a positive and forward moving BOD. Now let's watch this fly....
I currently have shares in Centamin. They have there main focus as gold mining in a 160sqkm area in the Egyptian Desert. Oracle is 90sqkm in an already succesful area in A*stralia, plus obviously the coal. Centamin has a market cap of £1.1B compared to Oracles £8m. I think this share could rise exponentially if the next 2 weeks drilling starts pulling out decent amounts of gold
Good to see so much buying momentum going through today. There are some decent size purchases in there. All we need now is for this to catch the eye of some fund managers out there. Another few days of this upward rise, plus the excellent news from the latest RNS and that's a good possibility. Multibagger coming up?
With the pressure being put on many of the larger stores after many months of closure plus BoJo wanting people to go back "into the office", I think we may see some aid towards getting the highstreets back up and running. We've seen some intervention regarding business rates etc, but there may be a push to get the economy moving again through "bricks and mortar" outlets. I read an article yesterday how that is already starting to reappear across the pond, with property sales in some of the major cities starting back up again as people move back and the cities starting to come to life again. If that follows through here, it can only benefit Metro. What happens across the pond, often happens here a few months later. Highstreets reopening & developing?
Hmm, time for some further consideration on this one I think. May increase my share value by another 250,000or so... I was suprised to see that Inesting.com moved this to a strong buy on Friday. They've still got it as neutral on their daily and weekly timeframes, with it still a strong sell on monthly, but their robots obviously picked up that interest is starting to grow in the short term.
I agree with you here Adam. This is the view I took. Very low portion of my portfolio, so won't hurt much if it falters and I can easily wait out the long game. If it does suddenly turn into a multi-bagger though, it's enough to sell half and invest further elsewhere. Building long term has always been the best strategy for me.
Whilst I don't see this as worthy of putting a reasonable amount in, I do feel that at the current value, it's got the potential of a lot of upside for a long term hold. Having said that, I thought I'd put a toe in the water with a smaller investment, so have bought 125,000 shares today. Glad to be onboard
Hi Everyone, I've been looking to add this into my longer term portfolio (10 years +) and wondered your general feelings around dividends (one of the criteria for this portfolio). From what I can see, these have been fairly consistent for the last 6 years (although poor 2008 - 13). Thank you