Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Seems like the divi may have been a disappointment to some of the recent sellers. However a first divi no matter how small sets a marker for future progress that I don't think will be ignored in the coming months. Can categorically state 100% that IG news has nothing to do with this drop at all. Will be interesting to see where the holdings are changing hands (I'll check on Bloomberg when the shareholding data is published in a month or so).
Current output with POG at the current price (or even a bit lower) will only increase earnings.
Maybe the vat or other issues with the Tanz govt are causing doubts? I can't see much downside other than that. This is a gem of a miner. If only the SP behaved as such. I'm a patient investor but SHG does test my limits!
POG is now on a 3-yr trend 38.2 resistance line, next break downward it goes down to 1620 (quite probable) but I cant see much lower than that in the current climate. GDX is lagging and will follow XAU but is good for comparison. Despite lots of talk out there about POG going much higher, I've heard that said for many years. It's just not trendy enough atm.
Yes lots of 10k, 15k, 20k, 30k + blocks within minutes earlier signifies an orchestrated dump. Agree a TR1 may come to confirm in the next day or two.
Gutted cos I bought a lump earlier this month at 16 thinking it was a good place (sub-placing) to top up. Hey-ho!
Watching POG (and GDX), these are still in a downward channel (since 08/Jan) and a sustained breakout over 1825 (and 36) is required to buck that trend. Alternatively if current support @1780 fails to hold I see the possibility of heading for 1550 by late summer for a long-term 50% retraction support line, which could be good timing for a large bounce in XAU and may be in-line with exhaustion of money flowing to crypto-nonsense and other bubbles. All chart readings are obviously completely subjective and open to interpretation. This is just my reading.
Nevertheless SHG is on strong footing and regardless of POG I'm hoping the next RNS will deliver at least news on a dividend which will spur the share price into positive action!
Its the latest bubble. Put 'CBD' label on anything now and it'll take off.
This one is especially hilarious with the ramparts claiming it can go to £1 (M.Cap £273m, up from £22m) because they started selling a few packs of oil drops :)
Fun watching though!
These are automated price-matching trades during auction periods.
Auction info: https://aim-watch.com/project/lse-auctions-explained/
Its not the MMs that report whether a trade is a buy or a sell. It's LSE interpreting whether the trade prices was above or below the mid price at the time of trade.
Nothing sinister in it.
A chartist outlook on the DJ US Gold Mining Index
https://thedailygold.com/gold-miners-juniors-hit-bottom/
includes XAU target:
"This year’s goal is to accumulate at good prices (like now) to put yourself in a position to capitalize on the next big breakout, which should take Gold from nearly $2,100 towards $3,000. "
Now that would be nice for SHG!
I agree. Bought a load of SNG @16p this afternoon in anticipation of favourable divi news in the next week or two. Feel this price is too tempting and due a realistic correction soon with the POG also due a bounce up.
As a counter-argument...this just does not seem to want to go/stay up for long on any news! One of the sloths in my portfolio. I guess thats the risk in miners.
Happy Friday!
The shot up to 80 was undoubtedly a short position getting closed out probably a big margin call.
In the absence of any news the price is going to normalise and fluctuate around these levels.
Would like to see an announcement of some sort of marketing drive and new products, with some additional investment in the website(s). That would be a wise investment if they have serious ambitions.
Nicotine gum?!
Already put 20k shares in my elderly mums ISA, which I manage for her, when this was pennies.
When I told her she had invested in a cannabis company she said "I liked a bit of that back in the 60's, but I'm too old for it now!"
LOL
I don't get why people get so offended and childish. Don't you think Sky is asking a reasonable question?
Many have probably seen ZOE appear on top risers charts and are wondering wtf is going on and trying to make head or tail of a company that has (so far) limited sales but a surging SP.
Clearly there is more to it than meets they eye, so rather than denigrate why not try to educate.
FYI I'm a v happy holder since 8p.
I imagine there's a healthy dose of profit-taking going on. ZOE has steamed quietly ahead throughout the crisis whilst other top global stocks have suffered. WIth a vaccine on the horizon those big fund-fillers are now looking pretty damn cheap and some clever money will be piling in to those again.
Investors will stay calm and let ZOE do its thing in its own time. Clever traders will be moving their money around now. I'm not that clever, so happy to leave my modest investment in zoe alone for now!
day? you mean months!