Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@TonyHX, @Jtrg77 This is what investment boards are like. The dominant hivemind is simply the stock's recent past performance.
RR dropping in SP everyday for the past week or two? Dump your shares this is going to see below 32p after RI. Worse yet short the share when it was trading for 100-120p.
RR skyrocketing this past five days? It's going to see 300p, 350p, 400p before the ex-RI date.
So yes the lesson here is DYOR. Free investment advice given by internet strangers might not be the best, especially if it's wild and confident statements like "the share will SKYROCKET to 450p" "RR is GOING BUST, IT WILL TRADE AT 10p". It's so obvious that some people here has turned this into a very personal matter and this board has seen its fair share of trolls. The only reason I hang out here is to keep up with RR news but really it doesn't seem to be worth it anymore lol- because there's no decent information shared about RR as a company it's just wild claims being thrown left and right. A month or two ago this message board was incredibly calm. People wouldn't even post messages on non-trading days!
the mindset on this message board was incredibly depressing before this week. if you asked this board it was as if it was just going to drop until the end of eternity- could almost convince yourself that was the case since RR was red for three weeks straight. almost got caught in the mindset my self haha but always force myself to clear my head and distance my judgement from any investment message boards- it gets very chaotic and emotional when there are severe drops or severe rises.
If I didn't mess up the maths, the highest market cap RR has seen was 25 billion pounds.
After the RI, a 25 billion gbp market cap would be mean a share price of close to 3gbp. So if it does ever exceed 300 it will take a reaaalllly long time, RR would need to greatly expand beyond their pre-covid days.
I find it seriously unlikely they'll cancel the RI. If they announced the RI it's because they need the capital and an RI was the best option. It's not something you would casually change your mind about "hm maybe you know what let's have a go at 2021 without an RI just for the lols"
Vaccine news other than "vaccine approved, soon to be deployed" mean nothing for markets. I've lost count of the amount of promising vaccine news I've seen- not to discredit the viability of any of these vaccines but there are a few promising vaccines out there in various trial stages.
Another burden on RR currently is the current air traffic level, at least in Europe. Previously Eurocontrol forecasted that air traffic in European air space would have returned to 80% of its normal yearly value by January 2021, which should surely have been good news for RR. Air traffic was picking up as forecasted until August but has stagnated since resulting in Eurocontrol to revise their forecast. Now they predict traffic levels of around 40-50% of previous normal all the way until Feb 2021.
Note: Eurocontrol's forecast isn't really based on how the Coronavirus is spreading but more how states cooperate between each other in order to streamline the new rules imposed for safe flying.
https://www.eurocontrol.int/sites/default/files/2020-09/eurocontrol-draft-traffic-scenarios-14092020.pdf
If RR wanted to go for a RI it would make sense to do it ASAP right? Company's market cap is 3b while they said they want to raise up to 2.5b. The longer you wait the more the share price is depressed down, making an RI more costly to pull off.
I'd guess they aren't finalized on the decision to go for an RI, otherwise why wait? But that's not important. More importantly if they are still not decided on an RI, can they find the capital without doing an RI.
Yes being insulted for your own opinions in regards to investment is annoying but there's no need to add fuel to the fire, that's my 2c on the matter.
The past week or so has been absolutely terrible in this chat and I hope everyone gets a well needed reality check of not making this s*** personal and keeping it courteous- probably too much to ask I guess. It's been very juvenile in here except minors can't invest in securities lol
As a long time lurker the toxicity in this thread is getting ridiculous lately.
I would visit here occasionally to keep up on RR news but lately it's just been nothing more than two camps trying to prove each other wrong-whose the idiot-whose the smarter investor-etc basically just a glorified dick measuring contest going on here.
That's my entire contribution, have nothing else to say other than pointing out the obvious which no one has done.
Would really appreciate it if people kept it civil and pertinent to company developments and not dick measurements but ofc this is just me wishing upon a star and I have no way to actually control an internet mob lol.
Well RR sure took a massive beating today! As an RR investor, my favorite moments here are when this share tanks (or skyrockets in rarer cases) and people start getting very emotional. Always fun to read the discussions happening, people really over-personalize the share price with their own character lol.