Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“ A juicy prospect this one, but not one without substantial risk” posted yesterday by someone who seemed to acknowledge the risks involved, and then promptly sold the very next day.
Not sure what changed in last 24 hours to alter the risk. Lots of people have warned about trying to day trade this share, and none of the LTH want to be out when news drops of an offer for the asset(s). DYOR
For every dollar it increases in value, it costs the same amount to extract, so this just goes straight onto the bottom line over the lifetime of the mine when it is as easy to extract as we’ve seen here.
2M oz x $1840, and then maybe 15M oz more, expensive stuff this Palladium!
I should have added. Reason I’m here and posting is to interact with those who provide factual posts, those who actually invest and can understand what a risk is. It’s not always positive ramping either, just balanced and not 300 posts a day banging on the same irrelevant points. Lots of you around too, in amongst the lame negativity.
Why the negative crowd will not influence my investments :
1. They don’t run EUA, the business I’m heavily invested in
2. I do my research based on facts, not herd mentality
3. The more they rant, the more I feel I’m onto a winner
4. Deals take time to sort, Boards that spend time on social media ain’t spending time on deals - silence isn’t a bad thing.
5. If the Board aren’t interested in SP right now, it tells me they are looking at a serious asset sale for their reward, not selling shares.
6. Crucial - I’m fully prepared to hold to zero if the reward justifies the risk. This isn’t advice for anyone, we all have a strategy, it’s just to explain why I won’t sell a share early.
So fire away with your 800 messages a day telling us investors why we are stupid for holding, stupid for not listening. You aren’t trying to save me my money, it’s mine to do as I please.
Learning from wiser voices, I won’t reply to your posts anymore, won’t engage directly to try and provide balance on the board. I’ve posted this as my response to the day of shouting and upset. You can shout away at an empty room, and I hope you enjoy the experience.
Imho the first RNS was a positioning statement. Explaining and reminding that the banks weren’t on a contract, yet.
Coupled with the next one about the new NED, it could be said it was a warning shot to those banks that if they want to join the party it’s time to move up a gear.
If Lesego, a Russian firm/bank and a Chinese bank/firm want to fight over the assets then you need a strong BOD to answer all the diligence and negotiate firmly.
Hmmm... strategic advisors and a new NED... game on.
I’ll leave you in peace, part way through my own deals this week, only a digit or two smaller than these guys!
We have a different understanding of the word ‘weird’
RNS announcing the appointment of a serious industry player, as a NED to help guide the board in their endeavours - I’d say that was a very positive RNS and indication of their intentions.
Regards the SP, it is what it is currently, if you track it every 20 mins it doesn’t alter the long term. Market will settle down before long and the jigsaw pieces will fall into place.
Sorry NTTG meant fair post in terms of discussing timeframes, criticising several people for being positive and not criticising anyone with a negative view on EUA wasn’t what I meant by fair ‘ but you’ll have your reasons for that, enjoy Oz whilst we hope for more excitement indeed.
Fair post NTTG, worth some thought in terms of timeframes.
When an offer arrives that gets announced by an RNS, the SP will make a leap up from whatever level it sits at. If there are multiple interested parties, the SP will get dragged up everytime a higher bid comes in. Multiple bidding rounds would be some result.
Thinking back to Sky/Comcast/Disney etc, The process could take months to complete, and from what I’ve seen on the BB serious investors are all saying they are waiting for the endgame. As soon as the first offer is announced is kind of what counts here, the rest is just how many multiples we all get
You spend a couple of hours away from here and come back to a sea of green boxes. Haven't a clue which of the neg squad is squawking but definitely time for a heavy handed rummage down the back of my Palladium sofa tonight for a little shopping tomorrow...
All these 'wise' people trying to loosen my grip and sell up, does make me chuckle.
(apologies Tilly for borrowing some lingo - like your posts!)
So the RNS is telling us that the CEO from Lesego has taken a very close look at EUA, and wanted to join as a non-exec. Great news.
In his Bio on Lesego website :
"...having recently completed 5 years as Chief Operating Officer for Polyus Gold, the largest gold producer in Russia, followed by a stint as Chief Representative for Polyus in Beijing. "
so he will know everyone that matters in Russia and China, can help advise on how to maximise production and make this actually happen in a big way.
If that isn't a message to the big big buyers that EUA are going places and don't need to sell, I don't know what is.
Another piece of the jigsaw falls into place...
love the car analogy, made me chuckle.
To take it a mini step further - "I know I sold you the car and told you its a total heap of junk as soon as I bought it, but I would like to buy it back from you, so I'll offer half what I sold it to you for. Then while I own the car it'll be amazing..."
Like you say, why hang around?!
Waded back to find the post, was Newbie642 who rang and LB shared it again later on. No reason not to believe it, missed it originally in the sea of comments from all the ‘I told you so’ brigade!
Looking forward to rest of the week, let’s see what the interview has to say and a few more pieces of the puzzle may arrive before long.
GLA
Why are we commenting on EUA themselves being surprised by the drop, where have they said anything like this? AFAIK they issued the RNS yesterday and that’s it, have I missed it or is the BB being misinformed again?
Carpfisher - wise words. Hope I didn’t come across as thinking I had made a ‘mistake’, I share your opinion and fully expect a return in the fullness of time. Learnt many many years ago to separate emotion from finance. Not easy but vital.
Today has shown why you need a strategy and stick to it. Nobody knows what tomorrow will bring.
1. If you day trade you know the market goes up and down and play accordingly. Sometimes it works, sometimes it doesn’t.
2. If you’re in for the long term, you’ve got a target price and will hold then, maybe until the end game of an asset sale, you didn’t blink today, maybe you topped up further.
3. If you didn’t want to lose your paper profit and set a stop loss, you made something, just less than you wanted.
If you didn’t have a strategy and didn’t think the swings could be so violent, then lessons learnt maybe.
Everyone says to only invest what you can afford to lose, it’s true.
Me, I topped up an hour before the RNS because we all make mistakes from time to time. It’s only a mistake today, who knows by end of week, month, year I don’t mind when.
Honest post, just surprised at all the emotion on the BB today.
lamtree - last post on this strand as it's a little tedious, but yes, many people are prepared to kiss goodbye to money, doesn't mean they like doing that, just prepared.
As for being married, many suggest that getting divorced is when you kiss goodbye to it.
May you have a pleasant evening
my casino money is a separate pot, hard to do research on whether it will land red or black, occasionally you get a green zero, or double zero over the pond, that messes up the calculations ;-)
not that worried if you don't believe me, kissed goodbye to plenty over the years and earned plenty more...
let me explain then lamtree - it's no big deal to me as I only invest money that I am fully prepared to kiss goodbye to. Therefore a paper loss is just that until I decide to sell.
This isn't advice, this is how I do things. I believe in what EUA have, what they are trying to achieve. If i'm wrong i'll lose everything, but I won't cry about it, and I won't gloat if I make a profit.
it is a serious big deal only If you are relying on the money to provide a return in a certain timeframe, but in that case I would question why you are looking at shares and AIM in particular.