Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
at last, back threatening the HWM! I've been thinking a lot about your posts and how you think it's being held down, the only plausible reason is the dividend yield, if that is starting to become so low that people don't think it's worth the risk then it's going to create a ceiling that we will be stuck under (as we appear to be). We need the board to come out and specifically say that the divi's will be higher due to the increased performance fees and then I reckon you'll see us fly. At the moment I think the market doubts this will happen which is why we are where we are...
I agree it's a mystery, my only guess would be that now is a good time for all those who bought in in the 70's and 80's to get out and realise 50% profit which is keeping us down at the moment. If we can string together some other good weeks then we shouldn't have a problem but we are most definitely heading in the right direction now...
I tell you what though it feels like someone knows something we dont, another decent rise, it can't be off the market, they must have an understanding of what the majority of our investments are in...
Nice news Fatlad! I reckon we'll get to about the HWM (for no reason other than to be annoying) sit there for a bit to wind us up then we will finally beat it early September (maybe 2nd week just to really P me off waiting)
Nothing's perfect - even computers, I'll take 1/10 days as a down without too much complaint. The wider markets are making positive noises so fingers crossed we will have a good run at the HWM and smash through it this time.
I wouldn't put too much into buys and sells - they are simply an indication of where the price hit in the bid / offer range. Eg we have a spread of 114-115, you buy at 115 it shows as a buy, the spread moves to 115-116, you execute another deal at 115 again, this time it shows as a sell. It's as simple as that. You are also looking at market dynamics - someone may be willing to buy a huge chunk at 114p but refuses to go above that price so what you will see is a lot of deals at 114, the price moves up, they stop buying and volume drops, the market then 'seeks' a level where there are buyers / volume and we end up at 114p again.
Mate, I agree that the logic around this is fubar'd it doesn't work out and the drop today is completely illogical (unless the market was expecting a larger increase but even then there wasn't the expected rise). Personally if you'd asked me about a "inside job takeover" by goldmans or similar 6 months ago I'd have asked you how your tin foil hat was but given out irrational movements now... Well I hope you are wrong as personally I expect a 200p price as a minimum but who know in this market that still has the scars on the credit crunch very visible!
looking at it I quite fancy another run at the HWM for AHL over the next 3/4 weeks, the markets should be a bit calmer, it looks like the US can deal with ISIS from afar, the Ukrainian government appear to be winning now the rebels have less Russian support and the peace talks in Gaza are "progressing". Translated I think that means we will see a nice rise in global markets which AHL should ride...
Fair play dduck, I understand your concern. We are a leveraged play on the world markets, so will always drop a bit when things are rough (like now), I'm impressed with AHL but it's just typical that we get within fractions of the HWM and fall back, almost like it's not meant to be! I have faith that come Q4 we will be back up there although I will admit that it's based on gut feeling rather than any scientific fact...