Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How many realise that L&G profits only came from bulk annuities. How will the decline in the general investments provide returns as bulk annuities won't be dropping from the trees every year despite the nonsense spoken by the board.
I am currently holding on the hope of a better offer. That's my choice.
However I assume if i refuse to sell then I will get the offer price,if it still prevails or whatever the price eventually is done.
No other options unless someone knows differently.
I think that taking the company private (not saying there is any truth in the rumour mill) but would it not be as simple as convincing a majority of shareholders to accept a price for their shares. The remainder of the shareholders just have no choice then. I appreciate that the funds have significant holdings but if it teetered on going into administration it wouldn't be too much of a stretch of the imagination.
If it was a case of bust or getting next to sod all for the shares then in theory a consortium could take it private.
Given human nature most would take even £1k on huge losses rather than £0.
You can't assume that the email was from the MP but quite possibly a researcher or staffer. They have gotten very good at answering letters and emails to make it seem the MP is doing the work.
Any limited upside if you paid far more for the share is merely playing with "pennies". Surely that only benefits those who are hoping for a swift exit at what they see as their stepping off price now. I don't particularly want an exit as a solution but a profit and a sustainable long term company. The sp to a degree in the short term for me is moot if this company turns around.
Me too as I am still invested. I have more or less written off my money knowing it was a risky bet from the outset,but if it does end with the mine at full production and an sp at 40-60 I would be delighted.
There appears to be comment though and borderline arrogance from some analysts that would make them look even more stupid than usual (if that was possible) if their scenarios didn't come true.
Any upside carries huge risks anyway due to whatever deal has to be struck to save the project never mind getting to full production. Any terms would surely be to the benefit mostly of any partner deal given the current problems.
It certainly doesn't help that amongst the mainly sane posters there are the crazies who keep muttering about riches and wealth beyond their own sanity.
The analysts appear to think that the mine is going bust. It would be nice if they were about as right as they normally are and it did actually get to full production in the next 5-10 years.
Well, there are plenty of rumours in various press and so called financial news outlets. One stated that the ceo wanted to take the company private, another that that the ceo was delusional........
You may have missed the comment this week that accuses the CEO as being delusional.
Labour? Apparently they are tabling a motion on what constitutes a comment then it will be discussed at various committees, then various factions will each leak to friendly hacks who recognises as valid what a comment is and finally corbyn will refuse to acknowledge a comment until comments are off the table.
Maybe there should be a risk test that people should take before they are allowed to buy shares. I appreciate that the numbers on here represent a tiny fraction of the so called 68,000 retail investors,but when did anyone think they would get rich quick by being a regular investor. Those people are insider traders and not some sort of geniuses. All the angst won't change a thing and currently if you hold shares no matter what the buy in price then you are simply sitting on a paper loss or profit. Surely, most know the possible outcomes for this share and if or when anyone of them happen we will then know for certain. I am genuinely sorry for people who appear to have not known the huge risks associated with this highly ambitious project and even supposing the government should underwrite their investment,bit like going cap in hand to Whitehall to ask for a mortgage or shopping subsidy. Would a big miner really want this and if so why didn't they get it sooner or partner up assuming the costs and uncertainties remain although without the interest on any loans. In any event the project still has to be completed regardless of who eventually owns it. All of the twaddle originally about 1,000 jobs or the sprat to catch the mackerel hook may have reeled in some who got caught up in the hype locally. But a template was freely available as Sageman posted with the channel tunnel that had huge issues and about the same length of tunnel. Everyone here has choices, hold or sell if you can sell currently. Personally, I hold a paper loss but accepted the gamble of an enormous risk. I hope this project does complete and think it still can and even by raising funds,but how much more time the delays and problems put on the eventual completion date is anyone's guess. I hope I am still a shareholder in 5 years time but not as a white elephant owner with shares that are worthless.
Hi Chrisatbirdies, Happy to be disagreed with. There are no figures except those plucked from thin air. Unless or until the first fertiliser is sold then this is speculative even setting aside the tunnel build. Once this is productive then we can talk figures.
The way that the environment is heading with wildly varying weather it isn't even certain what needs agriculture will have to implement in 5,6,7 or more years time.
However I have money in this share as a gamble so am committed in that respect, but am horrified by the sheer volume of nonsense posted with all the theories. No one with a nervous disposition should be within a country mile of any share let alone a known speculative one.
Nobody knows where the share price can or will go and anyone who guesses correctly has done just that ,guessed.
Isn't all this speculation what got some people into what appears to be over their heads wildly expecting riches beyond avarice.
This is a hugely speculative share regardless of funding given the nature of the tunnel alone. Assuming the funding is obtained the chances are very high that there will be further funding when costs escalate as they always do on these type of projects.
This share should be a bit of nonsense for a punt on the company coming good eventually. Not betting the house on a pony.
Have they declared a divi already then?
BT as a virtual monopoly has destroyed its value over years and now due to inept BoD not forward thinking but only thinking of their own rewards the share price sits at a previous unimaginable low.
When the divi is cut the share will sink again from whatever range it trades at for a period. Almost certainly a given now.
I struggle to understand all the sniping and insults about who is clever and made this profit or that loss on BT or other shares. If registration on these forums/chit chat sites used the same money laundering ID requirements (real names and location) the gobsh*tes (cue gobsh*tes) wouldn't say boo to a goose and perhaps there would be fewer but more level headed posts, but also it would be pretty thinned out as well.
I'm sure my post won't make much difference to those throwing insults at each other ,but many of us who visit this forum prefer some genuine news or ideas about the share price. I just don't get the constant score settling. Perhaps not having enough to occupy might be part of the reason.
No one, repeat, no one knows. Make your own number up as that is all anyone can do anyway. It is complete conjecture and bears no relation to reality. Bit like booking forward "profits".
By the time this ever gets on a crop 100 things could change any guesses today.
Sure, there has been the India and China intent to buy one day, but how much will King Edward pots be selling at in 5,6,7 years time.
I'm invested so this is not a knock, but how many of the shares have been given as opposed to bought with cold hard cash by CF. Not sure that should be the benchmark for the guarantee of funding.
de Niro? Are you kidding. This is the tool whose father (a director) got him started and he has been playing the same part ever since. Trouble with these egos is that they start to believe their own publicists b/s. At least Trump was elected.
The Trump phoney trade war making some turn into hysterics won't be to blame for this share price. That would mean that all those shares that will be unaffected are also down to Trump then or is he only to blame , like Brexit, for anything that people don't like.
Trump may be clumsy, but it wasn't Trump who gave the keys of the hen house to China over the past 25 years.
I don't understand why so many spend so much time argueing with people who either genuinely or for underhand purposes feel the share has had it which begs the question why the critics still hold or need to tell the world as surely they have sold out or never held in the first place and moved on which suggests they are simply looking to cause trouble and wind people up as if I was so clever I could not spare time from my private island to wind people up on this forum.
It's a no brainer. Sell if you think the company will disappear under current ownership or hold or buy more if you believe it will carry on successfully and actually produce fertiliser at profit.
Is there any genuine news on funding? No. Is anyone aware of the BoD throwing in the towel? No. Do we know journalists get paid to fill pages of blank sheets or nowadays computer screen mostly just regurgitating official announcements? Yes.