Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for your view as always Ed. It's safe to say that initial update looked rushed, purposely vague and was probably written by Sononagol who have no Investors to update. We need a further update, however I suspect they will wait until the flows are concluded to prevent any further collapse in the sp if work is ongoing. The biggest loser here (we're all losers) is Extraction. with an average of 0.80. The question is, will they release both sets of slows together.
Very difficult to say Joe, there are a lot of If and buts. However going on how poor the markets are I wouldn't expect to see more than 2p with a good result. At .80 there was a good chance we'd see considerably more but unfortunately that poorly worded RNS has weakened our position.
Hi Siennaj,
In my opinion it's usually quite the opposite, they run short position and this includes the MM. I've seen a lot over the 17 years I've been investing and whenever I see new accounts pop up on here and Twitter I start to become suspicious of something much bigger. Some of the antics may seem a little farfetched but you would be surprised at the lengths some of these people/companies go to change perception and sentiment. I've heard several investors have been contacted privately in attempt to question their investment. It will all come out in the wash but the good news is there is a buyer in the market. I did suspect the sp would settle around this level until we get further comms.
I agree smkr, there is a seller feeding a buyer. We've dropped 11% because it looks like the buyer only wants to pay 0.40. Interestingly there are no delayed sells but the MM have a few days to report them. With the 30m sold last Thursday we are in TR1 territory if this is the same seller. Looking at the share register I'm not who it could be. One thing is clear, there has been a premeditated attempt to talk this down both on Twitter and on here, some other investors have been contact privately. In my experience this suggests someone or something is running a position, a large position.
"rather than name calling why don't you offer a reasoned arguement against the points i make, with evidence from the numerous mike interviews going out on an almost weekly basis at the moment"
still waiting for your reply *****.
evening *****,
firstly, let's get the personal grievance's out in the open. to say you're not fan of "doc" is an understatement, if you could you'd have his b*llocks hanging in the london science museum.
back to ecr
" first delay being the 5th feb results." - can you point me to where they gave a due date for the results?
"the value here has come from twitterarti" - but if the"twitterarti" are a bunch of pump and dump merchants then why isn't the sp back at 17.5p?
A very good post and you're thinking what a few of us are, they are testing from the lower sections first. It maybe they that they go for the top 8mtrs and look at ways to influence the lower sections at a later date, I think Ed suggested sidetrack. The market has assumed a duster when TO-13 hasn't yet been touched. There is some opinion that Align have sold the rest of their shares and free carry on the warrants. This would make sense as 35m (in round trades) was dropped on the market yesterday and they have 37m.
"From experience I would confidently say that taking a long time to flow test a well is a sign that they are having trouble getting it to flow" No sh*t.
*Thinking", "maybe* - Have you ever held shares in the company?