Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Very clear now after that webinar that there is now I'll feeling between the parties. Daye even stated that Newcrest seem to want to delay any MRE until the FS next year. If that is the case then I am now convinced that We must now see our JV partners as acting in bad faith and it must be very likely that they are behind the concerted attack on the sp which has now gone on for over a year.
The gloves should be well and truly off now and it is now vital that all LTH stick together to repel any opportunistic offers which may be forthcoming. There will be a major battle ahead and we are battling the big guys but if we are resolute they will have to pay up for what WE own.
Am I the only one who feels that we have simply been misled into believing that our test was somehow special and of a higher tech. It seems clear now that the whole basis of the test, binding to the spike, has been plain wrong given the number of mutations which take place exactly there. For well over a year we have all denigrated the cheap Chinese trash foisted on the public but, it seems, they pick up Omicron given the huge number of infections recorded.
This whole charade has been one long sick joke. We have been seriously misled. Happily I massively sold down as time has gone on but I am seriously in the red with the rump that I have left like many on here I imagine. A total charade from beginning to what is now the end of the LFT side of the business.
Adrianjuk: I took pains to compliment Paddy in my post for all his efforts here. No question about that but are you seriously suggesting that his strategy of sitting on his hands through this absolute carnage has been the right one? Seriously? Everyone here is responsible for his own decision making. I am not suggesting "blaming Paddy" for one minute but his, mine and many others' decision to hold has been, sadly, totally wrong!
By the way, PaddyGall, I admire you but even you must admit that sitting on your hands has been an absolutely disastrous strategy here. It has cost many in here, including me hundreds of thousands of pounds!
No attempts at deramping here, just a deep disillusionment with my predicament. I am retired with shares in my SIPP which I now need to crystallise. More fool me. I could have gone at 38p, sadly a price that I don't believe we will ever see again in nor anywhere near it. I will need to sell very soon and have blown it like many others on here. I just admit it out loud.
" I suspect what's coming. And it could be any day now. I'm gutted. I have to say. I was hoping to see this through..." A quote from our Uber Ramper, Hydrogen. Totally out of the blue he seems to think that the game's up. After all the big talk he now sounds, suddenly, defeated. This guy is a manipulator. Take everything he says with a huge pinch of salt. For my part and given the beaten down mood here, we are near capitulation. We all had our chance to get out in the 30's and didn't. This is too big a deal for the big boys to miss out on. We will be taken out in the low 20's at best in my view.
Got to say that whoever it is who are playing around with this share are total masters in placing the maximum amount of psychological pressure on holders who are anything less than fully committed to the company.
How many times in the last few months have we all been convinced that we were beginning to climb out of the hole after a decent daily rise only to be battered back down to ever lower prices. Once is difficult enough to stomach but this has happened many times, giving the cumulative impression that there is no way back whatever the good news. Pressure piles upon pressure and many buckle. This tactic has been in play now for nearly 12 months. Only the strongest survive. Everyone must now have the courage of their convictions. I have little doubt that we will get more good news next week and even less doubt that there will be no material uplift in the sp. THEY HAVE NOT GIVEN UP YET. Neither should we.
Tom : Respect your post and happily agree that Paddy is almost legendary on this board but how can you possibly say that his "advice" to sit on your hands here has been the right call. For the many who have done just that it has led to a catastrophic paper loss and a load of grief. Paddy's view was plain wrong in retrospect. Sell and buy back was clearly the right move. I don't think many took that course unfortunately.
Got to say that I agree Antigua. Day's comments today we're very lame indeed. Anyone expecting some grand plan would be dismayed. Blah, blah blah. Need money for more drilling ( only a week or so ago said we were fully funded) Disingenuous and unimpressive. God knows when this bleeding will stop and Day is not even trying to explain the drop never mind trying to stop it. Maybe if it drops to single figures, and don't rule it out, his beloved Institutions will mop up. Totally fed up!!!
All I can say is that we have taken the mother of a psychological battering over the past 10 months or so and particularly over the last few months. God only knows what is going on. Holding and seeing how it all plays out is a no brainer given that we have had almost exclusively good news over that period but for those of us who are retired and waiting to cash in our SIPP it's not quite that simple. Got to say that, like many, I am finding it difficult to forgive myself for not cashing in when we were comfortably over 30p
I hear all your comments. You are right, a lot of lth would not be interested at 30p, me included but you have to understand that an awful lot of people got on board here at 30p or higher. They will be desperate to get out given the stress of this year. To many, 30p is a joke but to many others it will be a godsend particularly if the sp at the time is in the low 20's or below and an offer of 30p comes in. I stick to my guns, sadly and disagree with you all.
Matty: Sadly, if 30p was offered it would be accepted. So many here now just want to recoup all or most of their losses and would jump at 30p. Just don't believe that there are sufficient numbers of pi who would have the balls to tough it out even though they could if there was some solidarity.
This is absolute torture and it has gone on for almost a year. God knows where we will end up. We all have just to hang on and get through this. The worry is that this gets so low that we are snapped up and never reach anywhere near our potential. That is odds on now I'm afraid.
What today tells us, sadly, is that even drilling results like last night's will shift the sp not one jot. If last night's didn't none will. Quite why that is the case is a total mystery to me but there we are and nothing, it seems will change that fact. Anyone who denies that this sp is being manipulated is just a fool as far as I am concerned. I can really see how the games being played can wear people down. For over 10 months now the price has been eroded and the tactic clearly is to frustrate holders to the extent that they will come to the view that if results like last night can't move the price, what will and they will sell out. How long this goes in for is anybody's guess. It is tough to zone out but that is what we all must do. Havieron has become an absolute monster and we own 30% if it. Let that sink in. Games are being played and no one really knows what they are. What we do know is that one of these days a switch will be turned on and we will be off to the races. It may be that the upgraded MRE will be the catalyst or it may not be until the DFS is out on the table but it will happen. All it needs is patience.