Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's not negativity Pedro however some of us have been holding this for a while now and we all expected some improvement by now, plus the management keeps on messing thinks up quarter after quarter.
I was never expecting a massive jump however you cannot just blame everything on macro as other companies on the same industry are doing just fine.
I am afraid so.....maybe just release them out of the blue.
I am not worried of a BK anytime soon I just think the worst case scenario is a low ball offer from Cosmen after which they sell NA and recup what they've paid for the business which will be crazy but that's what I would do.
We shouldn't to be honest however market has been very irrational in the last 2 years.
Deep value is being traded like trash and anything that has AI in the title gets pumped to the moon.
It all changed after Covid and not just AI, it has become a trader's market and nothing goes up on a normal manner. It will reverse back at some point but for now spikes in volatility will dictated share prices.
It all seems a bit fishy to me.
First they said we will hear news about the sale of NA at the beginning of 2024 which for me means Jan Feb March and nothing. Than results delayed 3 over 3 weeks ago and again nothing.
I am very patient and will continue to be so.
Still adding when it drops however this share is not for everyone.
Yes, that is my biggest concern as well....it will go down the same way as Hotel Chocolate or what is happening with Currys now.
Drag the share price through the mud and then offer a small premium and we get nothing basically...This will be the worst scenario in my opinion.
If you have a long time horizon it will be fine.
if you are looking for a quick profit this is not the share to be in.....usually when people expect a jump because of a sale or an earnings call or results from past experience it doesn't happen and the only way for this to jump a lot in short amount of time is a buyout which again I don't think it will happen.
what I know is that this will not be at this level in 5 years time and that's why I am keep adding slowly as there is no rush.
I mean everyone was saying RR was going bk 2 years ago and look at them now.
Yes, I guess that can be classed as improvement, we just need to see how the bottom line looks like however that will only happen at the end of March.
I strongly think something drastic will happen before that. It might just be me with my tint foil hat.
JG68..... I know we sound paranoid...It just makes sense more than anything else.
It might be because we have both held this for a while and we are in quite heavy, and on top of everything we do not see any improvements.
I guess we have to hold this for a lot longer.
JG what is baffling is that they give a dividend just to take it off 6 months after.....then they provided an earnings date just to cancel it 2 weeks after. They must have known what is on their accounts...I don't know it just looks like there is a hidden purpose as I don't think anyone can be that much of a f up.
Maybe is just me however it all looks planned.
At this point Garat is just Cosmens puppet, they run the show.
I just want to see if they increase their stake in the next few weeks.
I think they will keep buying to avoid a low ball offer as many other uk business did.
I have a long time view however it is frustrating having one bad news after another ....it's exhausting and it just makes you wonder how bad can they be at running this. It's not that hard, if you are that useless just copy what FGP as that shows you its not all about the macro.
Anyway......just a long wait now....still adding slowly.