Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, fully agree with Sandancer. Simply a case of PFC dropping out of one index and into another due to market cap. Funds and IIs buy into companies based on fundamentals, but can often sell for other reasons such as market cap dropping below a certain threshold, falling out of an index, territories they operate in etc. But fundamentally there may be nothing wrong, just the stock no longer ticks a certain box. I think thats the case here.
Personally I've been of the opinion someone (Schroders etc?) has been offloading for the above reason, which is the reason for the downward pressure on sp. Helikon have been taking advantage of that by reducing their short without upsetting the sp. It's possible that Astaris increased their short the other day in anticipation of further downward movement due to the index change, but Helikon have got one over on them by effectively preventing the sp slipping too much.
Fundamentally nothing has changed, and the longer everything behind the scenes is playing out the more confident I feel things will play out in holders favour. Time is giving the BOD chance to win more contracts, close out legacies, collect receipts, negotiate assets sales and financing and so on. There's potentially so many positives that could be in the next quarterly.
Yesterday I did the only thing I could, and took advantage of the lower price by buying more.
Santiago, what you freaking on about? Its was only a couple of weeks ago just after the placing you said this:
'Of course it was good deal but the reason was for the share price to drop because of the placing what it just happened, so from now itβs one way and thatβs is up, fill up your boots and wait one year
OMG π°π°π°π°π°π°π°π°π°π°'
That was after you told everyone you had got in at the placing price.
Now you're telling us money will run out and placing on the way again.
So you've done your trade, and now want back in again lower to trade again because you know it will go higher.
Unbelievably transparent.
It wasn't Acker was it? Is that why we're not talking about it?
I've got my eyes set on much more than that, but each to our own.
I think we're all disappointed with the sp reaction to the jv, but on reflection I'm not too surprised either. The jv is great and will help make the company, but 'subject to GoI approval' is still a caveat - and markets and traders can use that to their advantage. If some of the funds had been paid on signing of the jv, or if a statement along the lines of 'approval is a formality and anticipated within weeks' then we would be in a different position. But that's not the case and we are where we are.
I'm happy to wait, I'm not planning to pop my clogs just yet.
That 'enthusiasm' will return soon enough with the GoI approval, although in many ways this board is better without it!!
Just a sign of the times that the sp is drifting whilst we are in a holding period, awaiting approval. Only speculation about when that will arrive, near or far, but the market doesn't like to wait. Once approval arrives AND payment from Selan received that will wake the sp up again, and the market will take more notice that time. Selan will at that point have real skin in the game and will look to progress drilling quickly to get a return on their investment. Until then, we wait.
SYN have positioned the company well. I personally see the sp being many multiples of where we are now, but it wont get there overnight, or in a straight line. It will be traded on the way up, but equally lth's will be rewarded. And if it drifts any further it will be back into top up territory for me.
Exciting times ahead. Just need patience, the one thing missing in the market.
Slow and steady wins the race
Must be good - they're not just pleased to tell us, but 'delighted'
Thanks, I try and have my moments! I don't post much, but do keep an eye on the boards. There are some great posters out there that share useful information and links. Equally there are some prize tools. You just need to learn how to filter out the noise and now whats relevant and honest. I never use the filter button - find it strangely therapeutic to see even the eejits posts. Always lifts my mood to know I'm not one of them. (That last statement is obviously my own point of view, and others may differ)
Prof - 'We all know moderation sucks here so hΓ© will not be banned ... he generates traffic....advertising...more important than morals'
You do realise you've posted that on a forum predominantly used by traders and gamblers? LSE ultimately want to make money from the site, and the majority of those using the site are here to make money in one way or another. Morals rarely comes in to it, and on the occasions it does its not usually at the expense of the all important MONEY. LSE shouldn't have to pander to all the differences of opinion or spats on all the multitude of boards.
If anyone is going to take great offence to anything another nobody posts, they probably shouldn't be here.
And if anyone is going to be greatly influenced by anything another nobody posts here, at lease without doing their own due diligence, then they probably shouldn't be investing.
You, me, WOS and everyone else, we should be free to express what we want (within the realms of law) We're all grown up enough to choose what we do and don't read, and how we invest our money, and accept the consequences of those decisions.
Gloating about how much we make or taking apparent joy in others losses however, we can all agree that they are just big t!ts, but not the kind I like.
None of us really know who others are on these BBs, or whose looking in.
The question we should really be asking is does Mrs Buck like shoes?
(Sorry, had to change the header!)
Isn't it funny how all these companies, with their constant delays and setbacks, manage to consistently lower peoples expectations over time? It wasn't that long ago we were trading much higher on anticipation of the LP issue being resolved, and yet now some talk about only 4 or 5p. For now, I think a lot of holders will still be expecting much more.
Probably slightly unfair to Roland, which I'm guilty of too. To be fair to him, when they originally discussed the JV in December they set expectations at 3 months, and they far exceed that at only around 2 months. It was the later tweets and RNSs that raised expectations and created the disappointment.
I suspect that even though all the news is good, a fair few of the impatient rainbow chasers have bailed thinking they have quite a few more weeks to get back in and that's why the price is subdued. If the GoI approval goes anything like the original JV prediction, maybe some of them will end up missing out!
It's possible they're currently working on the financial update, so in the absence of any other formal announcements it could be we see that in the next few weeks. I'd expect that to cover some of the unanswered questions for the market, such as current cash position, the c77H well and some forward looking plans.
I'd still like to see that Panmure report. It'd have to be a good thing if SYN could get that out in the public domain with their 1.5p price target.
@Gordon - you'll need to rethink your exit strategy. You might have arrived at the party too early, but you don't want to leave just as its getting started.
Should re-rate over the next few days, and only a few weeks before it re-rates further.
Once they start talking about drilling schedules......
With the JV deal I thought they were already looking too cheap, even if they did need to raise.
That interview now tells me they're way, way too cheap.
One way from here
Could be a stretch, but maybe Roland's starting to learn. Say 18, do it in 12
Yes, that's why I think with Selan being the big boy, lead operator, local and knowledgeable of the jurisdiction, if they start giving timelines on GOI, drilling schedules etc, the market may have more faith and take much more notice
Agreed, and GOI will certainly be a catalyst, and not just because of the cash payment. A lot of speculation about how long it will take, but would like to think with Selan's involvement and the government publicly talking about increasing homegrown gas supplies you'd like to think it will be expedited quickly.
In an ideal world the Selan announcement would have included an anticipated timeline. Not sure Roland giving his opinion will carry that much weight with the market
Santiago post @ 11:35
Was that your advice for the last placing (at 0.12) 'fill your boots and wait for a year' (when it was 0.07/0.08)
Absolutely, there is money to be made by pumpers and traders. As for investors, depends if Boil ever achieve their stated goals. I certainly hope so, but worry we may be left fighting for scraps.