Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rebounding nicely on what was otherwise quite a down day for markets.
Agree it's a good time to add more - but I don't see why there is anything strange about the current pattern as some are saying. The price has moved off the lows and is building support at the 40p-44p level before it can move higher. To me it seems quite a typical kind of price action during a bull run. Am I wrong??
"Just remember that few shares go up in a linear, predictable way" - wise words Professor. (I'm being serious - this is very wise.)
"Let's all stick to this long-term and find out how high it will go" - well of course I'm sure that now you've posted this request on such a highly reveered and esteemed chat forum, the entire market will do exactly as you suggest. (I'm being sarcastic - do we really think that what we post here can affect the price of such a liquid stock with multiple institutional shareholders? Seems very unlikely.) Some will trade intraday, some over decades. There's room for everyone in price discovery.
Haha sorry to hear this Great Crested. Nice day outside for some excercise (if you're in UK??) For me this is a long-term one - I just enjoy looking at the charts for fun. Bought last year after the new management arrived and will review at start of 2022 or if market cap touches £ 1.5 billion.
ONLYMEE I didn't answer your question because I regret I couldn't guess what RI stands for - forgive my ignorance.
Faramog your cobalt thesis is very tradeable - several ASX listed ones being promoted on the basis of being in jurisdictions that avoid Chinese control.
Re: your 'do-gooders' coomment: there are just as many communist authoritarian do-gooders as liberal do-gooders. It's almost as if liberals and authoritarians are united in thinking their childrens' future will depend on paying attention to climate impacts...
Libero although I think Brexit is a pointless waste of time and money - and no-deal Brexit particularly damaging - I would agree with Faramog that the impact on global markets can't be as extreme as the impact we will feel in the UK. Even if 25% was knocked off UK GDP (disastrous for UK jobs and society) that would be about 0.5% of the global economy. Compare with some estimates of COVID hit as 5% - 10% globally. But lets see what happens...
DK there was an interview earlier in the year in which management said one irony is that because BMN haven't generally needed to dilute to raise cash there hadn't in recent times been an 'event' (i.e. a placing) which would allow an institution to build a large position without spiking the share price, so institutions haven't been interested. I guess the CLN is one attempt at addressing that problem without disadvantaging existing shareholders.
Sorry Faramog - I too was trying to bring it back to a share value discussion and got sidetracked by Campagnolo's intriguing post...
Even if no-deal is not priced in, any sell-offs would have to be (geographically) localised by nature of the issue - it can't be a market-wide domino effect like the COVID crash. So it seems unlikely BMN would be dragged into it. I will review these sentences in 2 months to see exactly how little I know about anything...
I think COVID cases probably genuine, but also think it likely the commission would use emergency powers to grant a 6 month extension if asked (and it's quite likely to be asked,such is UK disarray). [ Note: can't grant a never-ending extension because that would require ratifying by the nation states as EU have no mandate for permanent new trading arrangements without the the sovereign member states agreeing. ]
I'm not sure that the opening post was "Will Brexit be disruptive?" - it is by its very nature designed to disrupt the previous trade arrangements and create different ones - that is its purpose - it's intended to be disruptive by design. But I understood the opening question was more like "Are the effects of Brexit already priced into the market?" [and if not could it lead to a widespread sell-off]. My current bet is that short-term distruption is priced in, even though any longer-term negative effects on trade flows are not (and could cause adjustments later for stocks with UK focus, hopefully not BMN). I am ready for this bet to be very wrong...