Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh dear. Seems to me Julian had his one bit of luck or time the first round of running this company , he now faces a huge task to turn this around, a lot of this is his doing. Bet he wished he never come back
I think aleph plan was to purchase Sdx but at a lot lower price and the board new this. All they said was a load of rubbish . Now a year has gone since they stopped the deal we will possibly get a takeover price around 6p.
Littlened. Why would anyone be paid to talk down Sdx, they do a good enough job of this themselves. Unlike you to say this chat room dribble. I do agree with maestro on many aspects, as before I have said ,I hope I am wrong as I do still hold some shares. It does not help either the constant lack of communication and long periods of time of no updates.
Miners all around on the uk market have underperformed to the rest of the world, but gold and silver miners have done terrible. Many company's have not controlled their costs and been very relaxed. IMO do not see gold and silver exceeeding their previous highs so for me now this market is dead and only get worst. Strange times we live in now since covid. O & g miners are for me. IMO I see the start of a bull market for the miners as the green agenda picks up speed.
Trading is the way on short term movements. for all the crap on gold going to new highs and US going into recession is not reality for now. If your long, offset , short until what you believe becomes real. For me if I didn't trade this year for little profits I make, I would be underwater . It's a game, maybe manipulated in some way but if you don't follow the information and trend you be playing along time to turn a profit.
For 3 years the uk market has been like this thanks to the government muppets. Can't see it getting any better to be honest. Kicking myself as I am long in this share but often thought about going short to offset but never did. With America booming this still could go to bottom 5s and charts looking very bearish so maybe I will.
As said early on in the year due to problems in eygpt that renewing the existing loan agreement could be a problem and that they would be ok this year but going forward would be a concern. I can now only assume that they could not renew their agreement and the 4mill dollar at Dec last year is all gone. So the company that has halved the value of the sp has come to our rescue on their terms. I am sorry I just cannot see any positives at this time. I don't want to continue with being negative on this company but I have a feeling that the sale of eygpt assets are going to be sold for little of their value .
Not the peso. Pm miners have been very poor this year and continue to be. A rest break the last couple of days due to inflation data, but most are still in a down trend. Doesn't help been listed on the uk markets as well.
Why continue to do buybacks, why let the sp fall and the company buy back at half the price. Seems crazy to me. I would rather buy a share for £1 than £2. Buybacks are not really supporting the sp and just misuse of finances. Pay down the debt. how many extra shares could they have bought if they started buying now.
Oil was to fall to $70 , makes you wonder what the sp would be. 180 would be about right. Algo and mm have got this right where their want it. If oil goes bearish this is going to be 10% short return all day. One to keep an eye on.
This is America v Russia war . America could have prevented this going as far as it had gone so far, but being so far away from home land, America really doesn't give a s..t. But if trump was gaining momentum in the polls Biden might try and bring to the end to win votes. I can't personally see trump winning again a 2nd term but do wish Biden bring a end to this terrible conflict.