Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Why ask silly questions - no one knows where anything is heading. This is a really good business with excellent management team so just sit back and enjoy the ride - you've been patient. This is a business with strong fundamentals.
What is accrols competitive or comparative advantage? They blossomed through the recession period (post 2008) as this is considered a staple good. Owners realised this and cashed out. Competitors have caught up and now their business model is obsolete. They have inefficient operations and they can not compete any more. Truth is, the owners sold a lemon. They are already acting as consultants and sucking money from the business. Consultants are only needed when a business performs poorly. Simple summary of the business. Yours truly
This is brilliant i must say - thank you for taking the time. My thoughts: Although market expectations incorporate the dilution effect hence why it dropped to 24p on the 21st, this is based on investors trying to get in on the arbitrarage ie 15p vs current market price. As such, this overinflated the SP (slightly). As most investors will capitalise on this profit by selling the open offer immediately, SP will drop marginally back to around 21-23p. Not catastrophic but id hedge my bets. This is only short term trading and then increase again once they release their financials and show that analyst’ expectations have in fact crystallised. If you have cash lying around, 12-18 months this SP will float around 55-60 mark. From the profit you make on this 15p shares, id buy more effectively leveraging. Buy as much as you can is my advice though DYOR. Im no expert, im just trying to apply logic. Are there any other cash generating businesses like accrol that anyone knows of that i could potentially delve into? Thanks in advance