Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Live price 3.7
RuSirius, keep up the good work mate, writing has been on the cards since the tunnel costs ****-up !!!! Still a fool and his money !!!!
No doubt Jones will be posting again soon saying it will be 50p by the end of the week!!!!
PAAA, more than a couple of well know posters spring to mind, surprisingly marked by some absence now !!! No one can deny, those who shared concern around 12-18 months ago called it correctly. Yet where soundly rounded upon by the usual suspects!!!!
Apart from CF, none are looking likely to be buying at this price! Are they all waiting for it to go lower?
A million shares cost you around quarter of a million pounds, all those that said “you’ll never be able to buy at these prices again” Million shares now, smidge over 35k !!!!
Or indeed the whole project and at what level of development it is at. Hell someone posted over the weekend that the majority of the work is nearly complete !!!!
Sorry Alan the most useless statement I have heard. I paid X much fir this so it’s worth the same now. Wake up reality, your 600,000 shares are worth 22k, buy enough to take it to 1 million and they are still only worth about 37k. Maybe you’ve got your zeros wrong on your 3million
So you have roughly just over 22 thousand pounds with if shares. Hardly a dint on your 3 million pounds profit, I would not even be wasting my time posting here. 22k just about buy a cheap new car !!!!
Bloody hell, someone’s been to the pub this afternoon :) :) :)
MrJimV,
If they do manage to get finance, one thing is for sure it will be very costly! The more you need money the harder it is is get, that goes for all walks of life!
Unfortunately I fear no one will come to SXX rescue. Some may end up with the rights but I can’t see it being mothballed, don’t think the NP will allow it, they will want it putting back as it was
You seem to have misunderstand what I’m implying. The “right” finance news. No dilution lows yield bonds, all debt etc,etc. This will not happen, if it did the SP would be much higher!! CF track record of sorting out the “right” finance has been abismall and I’ve been here since 2012. I did however sell up over a year ago when the extra 4-600 million was needed for the tunnel!! That’s when the penny started to drop. Traded a few times since but been out since 21p several months ago. Did however hover above the buy button after the 2nd stage RI but held, still out now. Better to buy at 20p with a certainty than even gamble at these prices. JMO though !!!
Tex, read what I said !!!!!
Jones with the right finance news, this SP would be somewhere in the region of 50p, this isn’t a ramp it’s stating the obvious. We are at sub 3p because the right finance news, in investors terms will not be coming!!!
And all the new buyers who thought they where going to make a quick profit!!!
unfortunately the mineable deposits are 1.5km under ground!!!
And CF will pick up the bill on expenses :):):)
Does make you wonder but the same can be said for all other listed Co. had have done the same!!!
Don't worry Jonny, lots more experienced investors have been caught by this one. Hopefully the full story will come out. Its a learning exercise for all