Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In my opinion TLW will hold out at 23-24p. If it goes up it'll probably hit 30-34p and then come back down. If I am totally wrong and TLW falls to 15-18p then I'll grab whatever spare cash I can, and buy some more even if it's only a 1000 shares. There are signs that some countries are ready to slowly go back to normality, which means the demand will start to increase and the shares will start moving in the right direction. I don't see any quick miracles, but I see patience paying off. Anyone in for the long haul needs to be patient. Anyone who is strapped for cash will have to pray hard and hope for a sharp rise, but I think that kind of optimism is unrealistic.
I could be totally wrong, these are just my opinions to try and counter some of the fairytales people are dreaming up. I would love to be wrong and TLW fly in a few weeks, but it seems outlandish.
Every oil revenue dependant country is being crippled at the moment. They all need to come together and make a deal on the cuts. It's not out of choice, but a necessity to survive. No matter how "bad ass" Putin thinks he is, he is not an idiot and he knows it's sink or swim from here. Despite all his tough talk, trump will have to reduce production, they all have to or it's going to bring most of the world to it's knees.
Remember mate. TLW share price should be at least four times more than what it is. It will get there, but not overnight. You will see some falls that will make you panic, like next week it could go up and the week after fall back to 25-28p. If you want to get a good return just remain patient and don't let the fluctuations make you lose focus of your end goal. Ride out the storm and reap the rewards.
Be patient and don't panic.
In my opinion you will see TLW shares come up to around 35-40p after tomorrow and Friday's meeting. After that I would expect it to drop around 5-8p. But don't panic and hold firm. Once we reach July you should see a nice rise towards the 45-50p mark. By October I would anticipate it hitting 70p plus.
There are other factors that could make TLW spike like the appointment of a new boss, streamlining costs etc. Just hold tight and don't lose patience. This is my opinion, but I think it is a fair outlook given the circumstances and situation we are in. Covid-19 is the Achilles heel at the moment.
I don't normally post messages and just quietly observe, but I am posting to agree with you. There is far too much oil already available and they need to cut the production heavily just to get some balance. The demand for oil will be low for at least 3 months before it picks up and I can see the oil stock market taking another small tumble. I can't see tullow hitting 50p till July, but I could be wrong. I am tied up with TLW and need 40p to break even.