Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm in the same boat, I've taken all of my initial stake off of the table about a month ago, so I'm just playing with profit right now. But it's such a large amount of money to me that every 4% fall (even off the back of a 70% overall increase) makes me nervous and twitchy to sell.
I was hoping it was going to rocket through 600p pre ex-div, and that would have made it easier for me to sell. But now it really could go either way.
Hope I continue to get lucky.
It's a very poor mining day sadly. That has impacted on our uplift today.
If they are trying to demoralise the LTH's ... I'm afraid it's working.
I have 33% of my ISA holdings tied up in SQZ, I am massively overweight for the way I want my portfolio structured, but I keep holding on to my shares in the hope/desperation that something exciting will happen. The reality is that I have had no growth since 18/19, at a time when we have been in a massive bull run. I am lucky that I experienced the BKR growth, but I wish now I had listened to Baron who bailed out at approx. 130p to deploy his profits into other opportunities.
I don't know. I'm feeling melancholy today. Please ignore my ramblings...
I don't see why there will be an uplift after rhum3 as surely this is known and "priced in" by now?
I have major concerns about the lack of director dealings. If we ever get the opportunity to ask the board questions in person again this will be near the top of the questions I would like an answer to.
I'm ashamed to say that the share going ex-div totally passed me by. I am sure some dividend investors are now exiting the stock in search of dividends elsewhere.
Any clues?
I can't tell you how delighted I would be if we had an approach offering £2 per share.!
I'm puzzled as to how we haven't surged through £6. This stock just doesn't generate any publicity or enthusiasm for some reason. Even the FT didn't bother to report on its recent full year results. Very odd!
It's really opening up now, 615p ... yet still not much chatter haha.
Fantastic, well done! I hope you had plenty in here to enjoy that rise. :)
Indeed. 4x average trading volume by 10:00.
And there it is!
The next challenge now is to close above £6. If we can do that then we really are on a nice growth trajectory to ex-Div day.
Morning all,
I have invested for the first time this morning. At this market cap there is huge potential for growth.
I’ll be adding more as opportunities arise.
Good luck. It wouldn’t surprise me if this dipped back below 30p as traders take profits, but I expect a move towards 40p towards the end of the week.
We’ll see!
It's an important psychological barrier if nothing else. Once we go through that we could see a nice runup to ex-div day.
Presuming they do the right thing and release a 7am RNS, I will read that and make my decision based off of its content. Some board-level changes, a bit of humble pie and "how we're going to rebuild trust with shareholders" will be a good start. If it's the usual gobbledegook "throw a thesaurus at it and hope the PI's swallow it" then I'll be out-out.
Anyway like I said this one was always a gamble, not an investment. And I'm a rubbish gambler!
I'm sorry to say that my faith in the company has been completely destroyed by this the shambles of its own making. I always had a funny, iffy feeling about the company from the language used in their RNS's (the opposite of plain English: they will often use sophisticated terms out of context to sound impressive compared to a company such as GAW, which is an extremely clear communicator to investors. "BS Baffles" level of communication).
Fortunately I only have money I could afford to gamble in this one, so if it does ever re-open for trading I won't be too disappointed at my loss. But I am disappointed in myself that I didn't take heed of my gut feeling.
Of course nothing would delight me more than to be completely wrong about this situation. I will be delighted if we are re-instated and the share price can bounce back in good order. Alongside some more tangible communication from the board and a little bit of humility/accountability on their part wouldn't go amiss either!
I am also concerned about some of the posts on this message board. I am not a conspiracy theorist, but some of the posts don't read like they were written by real people! And if they are real people then I wonder if they are writing from the UK or not?
You're not the first person to make this mistake. I wonder where on the internet this wrong information is flowing from?
Well it got up to 599p and then got a bit scared and has come back down a bit. I expect we'll test 600p in the runup to the closing bell. It will be extraordinary if we close the day over £6 compared to the £2 less than 12 months ago.
I also invested Evraz in my SIPP last summer, albeit only 5% of the value of what I held at the time in my general account ... I certainly won't be selling my SIPP investment anytime soon. No dividend tax worries there!
I sold traches at approx 460p, 480p and 560p. And each time it felt like the right decision at the time, but then it keeps moving up...
Certainly solid results in the context of COVID. I think the dividend will disappoint many, however as a growth investor I am pleased that they have not been silly and thrown out a large divi during these uncertain times. I was thinking of selling my remaining holding if the dividend was too high as I didn't want the tax exposure, but seeing how the market has reacted this morning I think I'll stick around. Still legs on this despite the tremendous bounce back since March 20.