Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I would not hold out any hope here that a white knight will come to the rescue. The deal is already done. Without a higher level of stock market scrutiny, the company can go back to its old ways of promoting Royalty rubbish and investment items maybe turn profitable that way. Anyway, it really is a reflection of the stamp market and the fact now numbers of collectors (and dealers) are falling away rapidly now. That is not to say there are interesting areas such as Asia which are still big, but lack of material to supply these markets is hampering. I am sure SG will continue in some form, but maybe Baldwin's will now be sold off as we have postulated in the past on here. I am still a buyer in SG Auctions, so please don't bid on those lots!
I wish everyone good health especially Pearls and Devon. Until we meet again...as they say.
Carpe
KC does own 9m shares and I'm sure he wants a good payday. Some news would be welcome though.
Most of the damage was emerging markets and we know that CLIG was affected by Russian holdings to some extent, also China must be having an impact. Still, dividend maintained...for now.
Mine too...appears as a sell.
I hope the wry smile converts to cash soon though......I have been waiting 5 years....that is long enough really.
"We are open for more partners" says VW Ceo on Bloomberg, as VW breaks ground on the first of six planned battery plants.
The British Guiana trading on marketplace for £95 today. A loss if you were unlucky to buy one for £100. There doesn't seem to be a clamouring to buy them.
The calculation is simple:
Hopes and Dreams divided by Realism
Emhlf closed +22% in US.
EMH shares are now ridiculously cheap. The problem is they could still drop further in this market. Until the market turns in maybe 4-6 months there is potential to buy shares for even less. That is deterring would be buyers.
All commods down incl Rio, BHP etc. I don't think it is Lithium specific, but more of a realisation that new car production will be massively impacted by the global recession which will hit more expensive consumer goods harder than most. Unfortunately there is not a lot one can do except wait it out or sit in cash and dip in every now and then.
"This is unbelievable. When the hell is Coughlan going to pull his finger out and say something supportive?"
unfortunately there is nothing much to say. Cryptos are collapsing and speculative money is being pulled out of the markets. This will continue as the global recession gathers pace. Tesla pre market down 4.5% and so many others on my watch list heading into buy territory. Will the markets continue to fall over the summer....I now think they might.
Advance warning SGI is not trading in the black Devon, and a very wide Spread too.
Hey Castelnau,
How are things down under?
The showpiece Marketplace has opened. So far there are 4 coin pieces up for sale starting at £64, but the Magenta pieces are not available to trade.
In answer to Victoria, there are currently no pieces available for sale. The Penny pieces sold out, the Magenta pieces are off sale (but according to the website, more will be available when the marketplace opens), the Warhol item has not yet been offered.
The failure of Showpiece to create a Fractions market by June (ie. in May) is not helping. Investors do not like missed deadlines and SGI is a part owner of Showpiece.
Well said Devon. This is precisely the reason Directors have never bought shares. They don't want to see their investment diluted to near zero. There is still no marketplace for fractional owners, Catlenau share price hitting new lows and SG share price down 50% in 12 months. It seems to me SGI is now past the point it can trade its way out of trouble and the fractional ownership has not been a huge success. I see Phoenix wanting out at some stage and recovering its investment somehow. Devon has a good idea how this might happen.
Some net outflows as expected but profits up substantially and 3.7p div maintained.
I can't see anything which justifies the 40% collapse in the sp we have endured this quarter.
Isn't this the time to buy, when holders are getting jittery?
I've added a few at 57p.
Hardly likely to open a marketplace where the sale price will be less than the cost price.
My understanding is the market will only be for those with pieces, not an open market anyway.