Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm sure there is a massive upside to be had buying in during the next few days and believe the BOD will deliver for those who continue to hold.
But I'll be selling tomorrow and almost certainly at a loss.
After what I've seen in the last week I don't want my money being used in any way in Russia. I'll be donating the proceeds to Nova Ukraine.
I wish the best fortune to those who continue to hold but sometimes it's not only about making a profit.
DYOFR
The majority of people who bought in post suspension did so in anticipation of the company sale, and now in anticipation of the "massive"dividend. The current share
price had factored that in to a degree.
So every RNS that does not delivery the dividend will be seen by many as bad news regardless of how much positive information it contains.
Some people also seen a good return over the last fortnight and waited to see if the anticipated RNS would include addition dividend info to further increase their return. Many of these people will now take their winnings and move onto their next investment.
The issue with these posts is that a deramper starts a thread with a well written statement showing figures that lead to their low valuation.
What follows is mostly ad hominem name calling by the pro EUA posters. Thus when the casual reader of these forums reads through it appears that the deramper is the sensible and educated poster.
The best rebuttal to this kind of post is to debunk their information with facts and provide sources. Otherwise it's best to ignore the post so it fades away.
Name calling only increases the visibility of a thread without reducing the validity of the derampers post which ultimately is what the deramper was hoping to achieve.
You are reading too much into it.
If the BOD wanted to know the consensus amongst shareholders they would put the offer to a vote for the AGM.
Any idea of a "fake" leak to canvas opinion is incredibly convoluted and would only expose the opinions of the minority of shareholders that are active on forums/bulletin boards.
I don't think anyone thinks this is losing the value of EUA.
People are trying to digest the contents of the RNS and understand what it means regarding the FSP.
If people think the FSP is still going ahead this has added immediate extra value.
If people think the FSP is now less likely this RNS has added extra long term value to shareholders and hopefully dampened the mcap fall should the sale not conclude.
If you stare at the RNS too long you can see the benefit both ways. It's a win win.
I guess we will not know until the markets open what the real reaction is to this expanded access to resources.
Don't forget many of us have been in pre-suspension and have seen a great return on our investments. Also not all of us are young why should we not to enjoy the gains we have made, no-one knows when the ride will stop so it's important to balance enjoying life now as well as preparing for the future.
That's just bluster, the irony of REMs is they are not that rare. The fact that 80% of the refining is currently done in China is down to their low cost labor and low requirements for worker health and safety.
The last time China restricted REMs the USA reopened their old non economically viable refineries to met their own demands. After which China flooded the market with cheaper REM this putting the USA refineries back out of business.
The only power China have here is inflicting a short term supply chain problems.