Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ill be buying back in at 7.5 if it reaches there.
Oil has surged in last couple of hours as SA/Russia "close to deal".
May see LSE SP increase off back of this news.
Just be really really careful on being bullish on Oil news just yet. Russia / Saudi wont accept cuts unless USA plays ball, and Exxon and Chevron will not accept easily. Russia may also want sanctions relief that US arent willing to give.
Lets see what happens Monday at the OPEC+ meeting.
I think 2 points are crucial for next week, a positive RNS (which is a given for upward movement), and the release of Saudi may pricing for crude. If further price cuts are in order, could see everything getting smashed.
Trump has certainly set a floor to the market for now which is promising.
I think so, its no surprise as soon as end of quarters closing out markets across world tank. Rebalancing by the big funds and in turn screwing the PI's. Unsure how low it will go now, perhaps 0.6 was a bit bearish, but my gut feel is this week will be red across all markets. Im watching this one closely for a good buying opportunity though
Wait and see share price by end of week.
US futures down just now, assuming Job report comes out bad, this goes red tomorrow. If not, perhaps hope to close out week green.
If positive news hits, Ill buy regardless as I feel the asset will be sold for a good clip higher down the road. Until then, riding the waves.
Lots of money to be made on the way to that news however.
Yeah, I don't update my thoughts on a BB every hour. The joys of having a busy job and the volatility in this market means things change pretty quickly. I was watching the futures in the states start going green on news of this stimulus package, and felt there would be a pump for a few days (which you can see now). So bought at 0.64 to make money off the pump. I feel it will retrace back down to 0.6-0.7 levels (as global market goes down) until real news comes. If I am wrong, then good on you all. I think this is a great share to trade up and down, and when news comes it will be even better to hold. i'll be in either when it hits 0.6-0.7 (or lower obviously), prior to news hitting, or when positive news hits.
Anyway, if you dont like what I say, filter me. Seems I've run into a lot of shills here, which is worrying.
You're questioning me because I bought at 0.64 instead of 0.6? Strange.
I am absolutely an opportunist. I'm not here to lose money. Fundamentally, until news come (and none has), this should be getting trashed. When news comes, this will pop. But until then I think its going to mirror the global trend (which is bullish since Monday, but feel it will come off next week, if not earlier).
Wait and see, always happy to admit I'm wrong.
Can always be wrong, just havent been so far with this one.
Plus I work in Oil markets, so there is that.
Yeah, it certainly looks like a bull trap. I bought in more at 0.64, and selling off in spats of 0.9. Think it will retrace back down to 0.6-0.7 where it could hang until the Saudis close the taps. I will buy more regardless if Saudi pricings for May are higher than April.
Of course, good news will hopefully keep it up.
Im out, taking my 120% return and riding off into the sunset. Good luck to people still holding!
I dont think were at the bottom. If you are thinking of buying now, don't. This will get worse before it gets better.
UK / US aren't even in full lockdown over COVID yet, if/when that happens its really going to burn.
To be clear, this will go way up when the dust settles on good news. Not when Oil is 20-30 USD and demand is drained from everyone being on lockdown.
American futures hit limit down, no news on Saudi / Russia Oil dispute. This is going to be a bloody week. will be stocking up at 0.6p and lower.
Buying in some now, and some at 5 (if it hits).
Everyone will be affected, the nonsense on this board about haulage being the only survivor is dangerous.
The bounce back will be worth it.
I don't think its unreasonable to state that all industries are going to take a hit.
If people are buying less then less is hauled. Perhaps weve reached the bottom, perhaps not. Ill buy at sub 6 because I think it will go there and I think it will bounce, but could be wrong.