Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jim800, you are 100% right on this. DEC can readily portray itself as the "Green Crusader" of the oil industry, spending many millions of dollars to reduce methane emissions by dealing with leaks from wells (emphasising the fact that none of the wells was drilled by DEC). If DEC does not do this then the government will have to do it. Nobody else will do it.
DEC has responded with a sensible RNS which hopefully will calm things down. It is clear to me that the authors of the article had no intention of presenting a balanced picture of the company's operations (managing mature acreage in an economic and environmentally safe manner). The intention was to show the company as run by an evil manipulator, in CEO Rusty Hutson, who is hell-bent on hastening and intensifying a climate catastrophe for the purpose of personal enrichment. The article is full of unsubstantiated information and snide innuendo. Shameful.
Once again, I am concerned by the premium (8.2%) here . Although the shares have usually traded on a premium over the past 18 months, the current premium does not makes sense to me. Once again, I have sold all mine. I expect to be able to buy again at a better price, probably in the short term.
I am concerned by the premium (7.8%) on this one . Although the shares have usually traded on a premium over the past 12 months, the current premium is at the top end of what makes sense to me. I have sold all mine on the basis that I expect to be able to buy again at a better price, probably in the short term.
Mr Flibbles, as regards HRI, my concern here is that this IT has a long history of trading at a significant discount. Over the past 12 months the average discount has been 11% and going back further (five years) the range has typically been between 10% and 20% even exceeding 20% in 2016. The current discount of 15% is simply more of the same as opposed to an aberration (which is my perception of the ATT situation). I feel more comfortable with ATT. This current situation is an anomaly, I believe. I believe that with reasonable good fortune (we always need this), there is a significant probability of the SP increasing. We will see?
Alas_Smith, I like your disciplined approach. Sadly, discipline is not one of my strengths. My approach has always been to seek to identify anomalous situations and to benefit from them. This current situation is such an anomaly, I believe. I believe that with reasonable good fortune (we always need this), there is a significant probability of the SP increasing by 20% in the short term, with very little downside risk. We will see?
Alas_Smith, the current discount is way out-of-line with the norm for this IT. I believe the discount will narrow significantly in the short term. I hope also that the NAV will increase so the lucky (astute?) holders will benefit from a double whammy.
OliG, thanks; all agreed. It is my understanding that current discount situation is an aberration which will disappear in the short term (in a few months). I too have topped up several times under similar circumstances. Let's hope the IT performance picks up too?
At yesterday's NAV of 287.43p the current buying price of 270p is a discount of more than 6%. A discount of this order of magnitude has persisted for a month now. What is going on here? As pointed out by tony_currie on May 10, this is very unusual for this IT. The 12 month average discount is close to zero (0.17%).
It was trading at a discount around 2.5% at 12.28 when I posted my comment (price of 1,173 and NAV of 1,202). Subsequent, price movements to which you refer were not known at that time. It will be interesting to see what the NAV is tomorrow? It may be trading at a discount?