Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They can say what they like, but fortunately I don't have to listen.
https://xkcd.com/1357/
No bashing here CCC. Agree completely, but got bored of their childish nonsense, so filtered them a while ago.
Yes indeed we have, and that was my meaning with my previous post, though perhaps it was a little cryptic! Regardless of whether it is or isn't, the fact is, we've seen this kind of behaviour before. Once bitten, twice shy...
That said, this is cheap now, so maybe worth a punt. Not putting in anything I can't afford to lose 100% of though.
Or to put it another way - past performance is not an indicator of future performance. It cuts both ways.
Nice. Good luck.
Just seen the 6mil. The (average) trade price was 0.58. Therefore, it seems that is was just as likely, if not more so, to be a buy rather than a sell. Really makes no difference either way of course, but it is rather tiresome that those with an agenda will grab on to any evidence to further their cause, even if the data doesn't really fit.
Not too late to get back in SB. In fact, you may be just in time, this time! Fingers crossed!
Good luck either way.
Who, me? No, not yet...
Killed what? A Bed'n'ISA? Not in my experience. The broker usually handles it pretty well, it's not quite the same as doing it yourself.
Indeed. Wasn't a dig at you dd. Just expressing some general irritation with some other posts today.
I'd bet a small sum that's a Bed'n'ISA... 19.99k value, prices very close, later trade has slightly fewer shares. If everyone stopped running around shouting the sky is falling, it might be possible to have a reasoned discussion.
No-one actually *likes* placings, but if you really can't tolerate them, don't buy into a company which doesn't actuallly make any money yet!
"The market" is mostly made up of clueless folks like you and me. The market decides the SP, that is all. It does not decide events, such as TK funding. Far more accurate to say, the market does not "expect" much, but if we believed in an efficient market, we wouldn't be stock market investors in the first place...
Just going by what MC said Seingred. Webinar in early August I think.
It is an asset sale in name only. MC alluded to this in a recent webinar. Rules and regulations apparently restrict the number of parties one can approach for a full company sale. It seems no such restrictions apply for an "asset sale". MC said the market would be updated if the asset sale scenario changed to a company sale, although my guess is that all of the information will come out in a single RNS. The big one!
As I say, that would be insider trading, which I'm sure does happen, but it's certainly against the rules, so you certainly can't *assume* that it *will* happen. Also, could easily be against their own best interests, if either they end up not buying the asset/company for whatever reason, or if their trades raise the SP to the point where CNR start thinking about asking a higher price, or just raising funds at the higher SP and building the mine themselves. Big picture is, lots of risks, not much gain.
"My concern is that the share price and trades are not looking like a company that is going to get sold or certainly not for a decent return."
This is a common fallacy I feel. Your theory is that the SP would be higher if the company was going to be sold for a decent return. But what, exactly, would make it go higher? Buys of course, preferably lots of big ones. But who would make those trades? Probably not us (aka "the market"), as we don't know anything. Most of us already have as much in as we want to, more in some cases and it's probably fair to say that many don't have much patience or belief left.
So who then? The only other option would be insiders, one way or another, and there are rules against that sort of thing. Rules are made to be broken of course, but there are stiff penalties if caught. Can't see anyone on the CNR side risking it. On the purchaser's side? Possibly, but unlikely. It could kill the whole deal. So there really aren't many, if any, parties that would actually make the trades that would cause a significant SP rise, in the absence of concrete news.
And just like that, the thread was gone. Interesting. Most likely explanation for that IMHO is that it was a duplicate account...
Indeed. By all means trade the liquidity situation if you like, but don't confuse that with it actually meaning anything. News is all that matters now.