Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I haven't seen any posts from Kalan since before the first lockdown, his last post on LSE was May 2020.
Yeah that made it worse.
But yes next quarter results should be a nice little boost.
Would be nice if they announce another excess metals profits dividend too given that iridium, palladium and rhodium are hovering at all time highs and platinum is on the rise.
But this may be wishful thinking
Stoodio,
No one needs that image buddy
Thank you Gotreal
No I've not sold any 450,000 shares in a SIPP and 200,000 in ISA/Share account, all bought at under 4p for the most part and I don't intend to sell any, I'm just trying to understand why a company that has at least doubled earnings in the last 4 half year periods has recently, with very few exceptions, been dropping everyday.
We are almost back to where we were before the last half year results were released, and I don't think the brokers note from WHI has got a single thing to do with it.
Yes they have but unless there is really significant news and I am talking new projects not just Roan and Elephant then I don't see the SP doing much but dropping for some time.
So at the last RNS Quantock had 4.2% of JLPs shareholding equating to just over 94 million shares.
Now I don't know this for sure but I think they are still selling and any price is profit for them as they bought at 2 pence.
This is the real bummer because if they carry on dumping a large number of shares 100,000 + at a time at the rate they are dumping and they intend to close their JLP position completely, then we could be in almost permanent decline for the next 70 days or so.
I believe that institution is still selling to be honest, still 100 and 150 thousand groups shares being traded near the bid all day long every day.
I'm sorry Luna,
Your statement makes no sense.
Why would the SP got to below a penny after the dividends are paid?
Just for clarification Simply Wall Street value EQT at 66% BELOW fair value, they have fair value at 6.8 pence per share.
Now that confirms that DG12 is completely full of it.
Was about to ask the same question.
You know your having a bad day when even UKOG's share price has risen.
stoodio that was me
with the undervalue statement I was very much shooting from the hip.
Thank you all for your responses.
I'm just trying to understand what is happening just for my own sanity, we are 20% down from the highs and current SP suggests 50% below fair value.
I know cash in the bank and profits are rocketing, I do review PGM prices regularly.
I notice the bottom of that trend channel is between 85 and 90 pence, is that possible?
so back to £1 then
My major concern is not the selling but the clear lack of demand for the share.
So despite the excellent results and broker note that guys a buy recommendation with a target price of 21p the SP is still weak and dropping every day now, similar to the week before the results.
I understand the broker note has created some concerns regarding our PGM production in SA but this can't be the whole story.
What do you think is going on?
Evidence ?
Really 17 pence per share?
Spread ask is currently 16 according to H&L