Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry my mistake - kissing going on on another chart!
50 ema still a little below 200ema for MCRO.
a bit of a rise on the news. Had to happen. Usually debt restructuring impacts SP positively, as it suggests stability and confidence moving forward. 50ema and 200ema kissing too.
That's what I'm waiting for - The ADNOC news.
It must surely be reversed at some point and hopefully some back handers are being passed out to speed this process up ;o)
3+ months since SFO final verdict.
Thanks to everyone who has shared their thoughts on the webinar. I couldn't listen to it last night. Great to feel the enthusiasm.
I'm in MCRO too and it looks like they went stop loss fishing there too first thing this morning.
Seeing the drop on the charts here this morning has given me the confidence to get a top-up. They are looking for shares. And I just don't see enough of a positive response to the end of the SFO investigation. Imagine being one of PFC's sales team pitching for projects, being able to start your presentation saying the SFO investigation is over, that this is a new company. It will make a massive difference (except where back handers are expected!).
There is more to a drop than flushing people out through fear. It is when the price starts rising again. If you have been underwater for a long time the first time you take air, see you are at last positive, the more you are likely to sell before the full rise has completed. They win this way too. This is a ferocious game.
Agree. Presentation should have been today. Feels a bit like kicking can down road.
Profit of 1bln with a market cap of 1.4bln (+debt). Not too bad.
Not sure they could have said decline anymore in that RNs though very uninspiring writing
Look at today's opening two trades 61 shares at 411p followed by 1 share at 404.7
Ridiculous.
Agenda setting - so it appears a red flag for the day's chart.
My bet is a close above yesterdays close so above 403.4.
Thanks for the link CT. It's well worth a watch. I agree - being debt free with billion pound contracts at a 10+% margins is a great place to be. Plenty of upside here.
If anyone followed the TUI placing the SP rose in to the date of issue and then crashed after, followed by what looks like the start of a slow rise. I expect something similar to happen here. RR might have done similar but I didn't follow that as much.
Stupid spread on this. What does that signify?
Blu - thanks for heads up on November.
MBUK - the AWS deal was announced around 480s if I remember. I just had a quick look in to volume profiling, seems like a useful tool, especially if you are losing confidence. I've averaged down to roughly 420 so knowing II are higher is good to know. I only dabble in charts but more often than not am behind the curve. What I do know about MCRO is that 9 is below 50 is below 200ema but these seem to be slowly coming together. 480 and 20% uplift by update ;)
Are you talking results as in Feb? There is nothing on the immediate financial calendar is there?
Positives on the charts - 50ema first target at 405
Bounced off the 50ema.
Still grinding it down on low volume. A new 52 week low set at 15.85. Has nothing of note happened during the last year? I think not. So maybe I'll hold on for a little longer!! Games.
So Dessy no real reason for the fall other than the markets doing what they do, playing self fulfilling rules.
Btw the 200ema is a 448 so that could be the next stop.
Maybe bouncing off 50ema at 415 down to the 9ema at 402. With the 9 below the 50 below the 200 this is still figuratively in a down trend but I for one am thinking we are on the turn now given that the nasdaq has taken a pummelling and we are holding our own.
It might never have risen without your sacrifice DI22 so I for one appreciate it.
CINE may well keep giving this week though until Bond is on the screens and I still think 52p is more of a ceiling here.