Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Missed my buy down on the daily 50MA, been working. Regardless excited to see it hold above. As previously stated I've no worries about refinancing. The banks will want their share of the huge order backlog. Once that gets cleared up we will have lift off as funds buy in. There is a big PI contingent here and that attracts the shorters, and given pension funds have abandoned the FTSE en mass these shorters have more power than in the past. The management will not enjoy being on their radar (or kowtowing to the banks) so will be doing all they can to sock it to them. Have faith. I see this at least four fold about these levels and a positive TR1 will see me hold above even that. I can't believe the opportunity that has been presented here.
Can't believe the muppets are still taking this down, letting us accumulate at such low prices.
Another top up coming at just under 28p for me. As said yesterday OVOR.
What was the price?
Yep waiting for 22p.
PFC is a prime example of how the British markets are screwed. World leading with an order book to match. Smashed down because the market can be controlled by small pots of money now the pension funds have abandoned the UK market. A quick look comparing the UK markets to those of the US over the last 5 years says it all. We are in a race to the bottom here, with the hedge funds racing to rinse the last penny from the last PI. Somehow still optimistic here but it shouldn't be this hard work.
That may be true P_C but I firmly believe that the banks are in charge here not the shorters. I think the banks will happily align themselves with the order book. I was in TLW when they went thru re-financing and they were in a more perilous state with much more debt. While they have no where near recovered, if you were in low enough you did well. PFC have taken some big hits over recent times (i have been following them since 600p) and I expect the recovery to be significant from these levels. For those with patience.
For what it is worth I think they would be brave to push it down to gap fill. At 22p there will be a rush in, taking even more shares off the market.
What we need is GLG and MW to clear their shorts to zero and then go long. It would be nice to have buying pressure from Insto's but it won't come while there is uncertainty. Hedgie's like Helikon see us PIs as fodder to beat down and wealth strip. We need big guns to charge over the horizon from the blindside. Certainty will help but so could shorters turning from the darkness to the light. I feel hugely confident in PFC, the order book is incredible. Biding my time with a silly big holding priced near the recent high. I can't believe I've been allowed to accumulate it this low.
If 30 doesn't hold. Next stop 28.
Topped up a bit more.
I couldn't buy at lows. They are an illusion.
I just got fooled in to buying another 10k's worth ;)
Low in for the day I reckon.
Bonds up near 10% today.
Question then is - would you lend me another £2k if I could prove I had income to the tune of £100k on the back of your £2k
Further more I think this BB (and ggpchat) and its contributors has been a great resource of morale boosting info and occassional fun. Keep up the great work. Happy Christmas and NY all.
My best wishes too. I'm still hanging on to a shed load of these beauties and after the news flow this year have more faith than ever this is a fantastic company with a fantastic future and importantly a fantastic MD. I think the DTM is the key to releasing true value in the share price. This is the news Intitutions need to lock in long term funds. I will be topping up new week all things being well.
The banks have the power here not the shorts. The banks make the decisions. They will extend credit just like they did with Tullow. They will make more money from this staying as a going concern. The contract wins imply Petrofac are still viable. The SP will be above this level come 20th. I'm excited to see this play out. C_L
Morning Star - Azvalor bought 4 times what Schroder sold last month.
It turned on the 4 hourly MACD yesterday so fingers crossed.
Wow one of my buys has gone positive. Now for the other 20 that I've bought over the last two years!
Sorry don't know how to do that but very obvious to see if you pull up chart on trading view. A close above 10 and things could push on much further. Not back in to my cave. THanks to everyone who contributes to the BB. It's been a great resource and great community. Mostly!