Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
the main thing i think to worry about is the timeline on certificates for food distribution to Europe, or the timber strategy, both delayed now considerably, which have been promised for a long time. Am i the only one?
there are many minnow AIM shares that have any significant correlation to the broader market. In fact OBT is almost inversely correlated since 2011 if you are looking for some connection.
price has dropped because we still wait GAP approval to sell into the European market, and the forestry partnership has not taken off yet. Production will be able to go into full swing on GAP, margins are excellent as well. Why not post what it is about the business plan or areas that you see as being worthless rather than just point to the sp falling in the short term? After all, its fallen before then doubled in a few months on no news, if the sp speaks for itself explain that if it is not just random market action
with 500k set aside for Brazil in Q3, and general business expenses that will arise in the rest of the year, would the company cut their cash to the bone, possibly forcing them to take out a high interest loan if they get some production problems or GAP delay, to temporarily boost the share price with a 2mil buy back? What would it achieve? Apart from give a couple of the goons here a 20% profit and exit price. I'm much happier with the slow and steady approach they are taking. Conserve cash, expand as income is generated
has 3mill on the books, no where near enough with the expansion plans in place, business costs and with little on the agriculture sales side until GAP comes through for share buybacks.
has commented on why we are divesting the forestry when only a few months ago we signed a joint venture with Kishugu International Holdings Ltd to increase production, and also to possibly expand into Brazil.with them. They didn't mention in the update about it, could they be the ones looking to take it alone? The company has yet to realize the potential of the forestry. It might be that they want to let more experienced hands take it all and concentrate on the agriculture and retail side. If so im sure we will all get paid handsomely, including FS. As to how many shares were bought or sold on any particular day, i doubt many of us care i am afraid, can we just say it was a busy day of market action and you are both right and lets move on? Lets talk the day after forestry sale or GAP approval arrives about volumes.
Totally agree with your thoughts on the agriculture side. But its been a long time now for the GAP certificate to come through, this from Feb 2014 RNS: "The Global.GAP certification process is on-going. The final audit inspection is expected to take place before end of Q1 2014, which would then complete the application process." 18 months later and still waiting. I think if/when that comes through it will be a huge relief. They mention three months but it might be as soon as tomorrow, better to say three months and surprise with it sooner, rather than the other way around.
Just read through and its in line with everything they have been telling us. Forestry will be the big driver going foreward and with the export license they will be able to get the cannery and dried fruit up and running again to provide more cash flow. The mango trees when mature will add to the bottom line in a few years as well. They keep saying they want to move the timber away from railway sleepers into more refined products but nothing seems to have happened on that yet, so hopefully we see something later in the year on that front. Gross margins of 81% will add huge value there.
point of view it didnt break the year high from last August to close above 24p. I imagine it will bounce from support around 20p before rising to try again. The RSI was already overbought when it hit 24p, it put me off buying then and possibly others i guess
small % gold is up, ABG is outperforming it, which bodes very well for the next year or two. Looking at some gold ETFS its quite clear that gold is picking up some volume and being accumulated by smart money. Its impossible to say when it will start its full recovery i guess but it seems to be a good time to start building positions
positive divergence between gold price and ABG over the last few months, seems to be in a nice early Stan stage 2 uptrend. Can see this gaining significantly when gold does finally turn the corner. Sitting right at at the recent high from October, be looking to average up if we break this resisitance into clear skies.
nicely. Will be interesting to see if we break the resistance at 140p and set a new high. Should know by the end of next week at this pace. Heres hoping
good for the next step up. MACD/RSI coming out of the pullback and heading positive. Closed above the 20SMA
for the replies, il take a look
Been trying to find a list of silver mining companies listed on the LSE, does anyone have a link to that? Or have a couple of companies they can recommend?
soon? been a while now
around this level to the close i think il take a position. Still looking over sold on the charts, could see a 10-20% gain from here still i think
caution is a good word here. Still waiting for a break and hold above 250 on decent volume as confirmation. But as thing stand its starting to look like a short term trend reversal. Agree about the shorts closing, i think when it rebounded from 200p back to 250 it will have scared a lot of shorters. Hope no one has this on a spread bet, could get messy next week
I like that you are honest about your position here. I decided to wait for more conformation before investing here. But I do see things a little differently. The hammer showed buyers were entering on tuesday to support the sp and beat the bears back, then yesterdays rally was pushed back down by sellers to finish around 4% higher. The tussle going on will be decided in the next few days i feel, volumes picking up which is a good sign. Either way the fact that buyers have started to fight for the sp to stop its downward spiral would suggest a bit of caution in shorting it to me, MACD and RSI starting to move back to baseline but that could turn back around quickly. Lets see what the next few trading days bring
the chances of getting back to my 5.9p buy in any time soon are slim, but a rise to 5p on the next rns is doable