Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any Thoughts- I Feel that unless Accustem confirmation is rolled out or some sort of +Ve results this could hit back to the 80/90s, Thoughts? its been a disaster of a month how low can this go?
''Of course, the expectations of a demand rebound have yet to materialize outside China, and then there is the question of additional barrels coming soon from Saudi Arabia, maybe Russia, and likely Iran. With U.S. production still depressed, these may not affect prices right away. But a few million barrels daily more will certainly exert some pressure.
Then there is the latest from OPEC: the cartel is set to discuss a group increase in production in addition to Saudi Arabia removing its voluntary 1-million-bpd cut from March. The increase, however, will be modest, if agreed, at 500,000 bpd. This is the same amount of production OPEC+ brought back online in January, reducing its overall cut by 7.2 million bpd, excluding Saudi Arabia’s unilateral additional cut.
This means that come April, the group could be pumping 1.5 million bpd more than it is pumping now, and this is not including the possible return of Iranian barrels to the market. This may interfere with immediate price expectations, but by next year, the effects of underinvestment in new production will become more obvious, spurring prices higher''
Friday is profit taking day- Pull back in oil price and OPEC Consideration to increase in Oil production March 4th Meeting. And We haven't really been told what we dont know with today RNS
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Considers-Production-Increase-At-March-Meeting.html
@Franky-Its cold being a sensible investor and not a gambler, which is what you sound like. Might as well go on a casino roulette table and get high returns with risk 50% risk loosing it. Stupid response, rather than trying to have an Intellectual conversation against what I said. There are Plenty of investments that have high returns more than amigo last few months with much lower risk. ill Give you one'' SAGA'' as one example growing on fundamentals and the market re-opening for travel. Where as you Comparing a company that could go bust Vs that for example. Much Less Risk and much more sensible with high return.
@ Mark- Yeh you can gain 100% and also loose 100% that's called gambling not investing.
I do like to point out the risk tolerance and Reality for people to still not jump and follow the herd and get spiked following jumping ship. I was close to buying at 12.50p and thankfully didn't after thinking about the logic. The risk is still there and court has not even been passed the New redress arrangement which could result in solvency. The JP Morgan buy in could be anything, could even be a private investor requesting a Swap from JP Morgan on their behalf. Doesn't always mean its JP Morgan as institution is- could just be hedges. Happens many times. where a private investor already bought in low and then goes through JP Morgan or any IB to buy so push the price up. I could be wrong but that's not enough reason to risk a lot at this stage. There still is a long way to go until court approval which is the main obstacle. The SP could swing a lot until then.
We have a long way to go, the oil price is on rise and likely continue following the New US administration and Freezes being put in place around the US. Article linked below: Long way to go for TLW 80p isn't far off IMO
https://oilprice.com/Energy/Oil-Prices/Traders-Are-Betting-On-100-Oil-Following-Texas-Freeze.html
Accumulating and Starting to creep up again ..155-160pm finish IMO
The Gaps closing hit resistance at 141p, only matter of time towards a big bounce back to 160p. Good buying opportunity.
You might as well buy one stock and pull out half and repeat the same thing if it pulls back.
We all know that TILS is the main ticker here and is on the Main Market. If anything the TILS UK holder should not be waiting to move and copy the US share movement on any news, rather we TILS should dominate the movement and add the value the SP as as we consider its worth . Its sad to see people here waiting to retaliate on US open and especially sad to see the SP drops following the US drop. only way to grow this company and attract sustained growth without such volatility is by having a organic growth. What I mean by that, is for PIs that actually believe in the company, and buy on progress or HOLD rather than sell. If we all did this the SP would have been £2.50 by now and £3 as we keep holding and so on... this would then attract more investors as a result. Imagine we didn't have the US to put fear on PIs today and make them sell. we would be on 180p Minimum organically- Which is what this SP is worth from what we saw it at Open today. Buy Hold and Forget the US noise, as result they will eventually know who calls the shots.
Why is everyone moaning and watching it for a day to day minute by minute RNS or update. We know results are due any time and we know the company’s good prospect and the fact it’s now even
On the main market. Hold and relax or sell if it’s not for you. Over the next weeks and months there is only one way TILS is going , no brainer. With or with or without covid-19.
Todays RNS and Webcast is shows promising prospects and reduction in Debt since last 2 years. No reason why the SP is not 50p/60p like it was pre-covid.
Matt Cooper, analyst at Peel Hunt, said: "Tullow's strategy is to focus on maximising the potential of the existing West African resource base while driving down costs. This makes sense to us, given the major infrastructure capex has already been spent here.
"There is a huge prize here: we value the Ghana 2C (discovered, but undeveloped) volumes at 47-134p/sh risked-unrisked."
Davstock- Shell estimated the price to be $35-$45 for the next 3 years , maybe it was before vaccine news, but their forecasting the price on after the vaccine because they just said there was too much supply waiting to enter the market and renewables would be reducing demand.
At the end of they day, Glen is no longer and insider and he is did leave his role as CEO so obviously he doesn't believe in the board for what ever reason, so ask yourself why would he hold on to the shares? He needs to sell them to be consistent with his view, so the market is expecting this once he left and its priced in the SP since we saw that he was given to option to sell out. Also, surly if the company is going to 0 then why would Amigo be hiring new talent now and growing the team? Point is, ex-directors are allowed to not favour a stock and also have been wrong many times, so i wouldnt take GC sell as definite bad sign, it was expected of him after leaving the board.
He did not sell all his holdings, the TR1 still states that her has over 2%. if he thinks its going bust why not sell all? and why at 6p and not on the day when he could have sold at 8.5p. to me he doesn't care about the small loss and he found a better investment opportunity in this market and want to invest else where and diversify.
Furlough has nothing to do with advancing lending or not. The company can choose to lend on a tailored affordability basis. I'm saying furlough is purely a cushion for the people that need it to pay they loan back , if they hold a loan. the only reason Amigo is not lending now or before until Q1 20201 is because they are being sensible and trying to reduce the complaints and purely focus and pay out everything prior and adjust the application process to be more robust so that such complaints wont happen again. thing dont improve over night. SP is very cheap, lot of PIs will see this and take advantage over the coming days or weeks.