Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Got most of my investment out at 1700 post dividend . Having been frustrated with this share over 10 months I now intend to trade it due to low costs per trade . Bought some this morning at 1637 . Good share to trade I reckon .
Sorry to hear Ade , you have to have tremendous patience to hold this share , I’ve read your posts with interest . I’m still holding , I may as well wait for the divi , it’s not great I admit , especially when you see copper miners such as Freeport increasing 8x from the March 2020 lows . Good luck .
Feels as though there is now is disconnect between the Poly SP and the price of gold . Its being driven lower despite gold stabilizing . Its my biggest position with 16,000 shares and I’m well underwater. I hope Poly not being up to sell at a discount as per Highland.
Yes agreed Ade , I’ve averaged down and down from 2000p , 60k in the red , no choice but to hold for the dividend now . Damn , how did I get here , thanks.
Thanks Ade , agreed. , the projected dividend must be close to 7% with the share price at these levels , they don’t pay it till the end of May though I believe.
JTS13 , terrific post , I am buying poly on the way down to bring my average down to now 1690 . The trouble is by doing so the portfolio value is now 75% poly .
Thanks Barny, I have a high average price in poly as I bought in initially at over 20 , missed a couple of moments to get out with my shirt , used the drop to 16 to bring my average down to 1775 . I’ll wait for the dividends in March now.
Thanks Sasa , appreciated, I’m on the verge of taking out the tax free lump sum from my pension SIPP so hoping for a little bounce. Thanks.
Appreciate that , I hold 12000 shares at a 8% loss currently, average of 17.90 . Looking enviously at PUR .
Thanks.
Great timing , you got your dip and some!
Well done on 1750 , I’ve averaged down from 2050 but this one never seems to bottom and continues to fall , surprising when Fres was up yesterday , I’m currently down 12%. The production numbers were good as per the recent update. I can’t afford to convert into cash at 1640.
Hi gwm, JH picked Shanta at 10p about a year ago , she likes her gold miners.
Thanks for the reassuring post Sotolo , I’m relatively new to investing , the centamin drop today was unexpected so decided to take some off table for both this and poly to levels I feel ok with . I am left with 25000 shares in Hoc and will hold. The comments on the chat board are in the main excellent, thanks.
No I don’t understand why poly is moving down but that’s not unusual for me with my limited knowledge , Fres is up 4% which is concerning , the other board refers to a large poly shareholder who Sold part of their holdings Recently and the MM are concerned if they push the price up again the large shareholder will sell another chunk .