Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes Dan, I mean Shanta.
Check the charts.
Up 19.79% over last month- AU from 1800-1940- about 8%.
So a leveraged play on the yellow metal which is what you want not some crazy crypto like stuff bouncing about all over the shop.
Three mines, one producing , one coming on stream this quarter and West Kenya with some of the most spectacular grades being primed for the future: sound management. Not going to bag overnight but will give you 40-100% this year. For real goldies.
GLA
People buying shares here are the same kind of investors doing it for the same kind of reasons as the 'investors; at ARB.
No disrespect meant and good luck to everybody but chucking money at a demonstrably useless company is just gambling, no matter what happens to the commodity.
Some are going to win, most are going to lose.
If you are genuinely interested in the yellow metal and know anything about East Africa, you should move over to SHA.
This may be a good BB, but SHA is better and the company is going places.
GLA.
Kipperfoot- again I have to take issue: it was not 'all smoke and mirrors'. Eric signalled very clearly to shareholders that they should do nothing. A clear indication that he thought it would come to nothing.
It would only have got to 20p if there had been a realistic chance of the take over going ahead which there wasn't.
If you invested here because you thought it was going to be an automatic bag, good luck to you but I think that's a bit naive.
Putting your money here for a few months, watching it go down a bit and then selling when it breaks even seems a strange investment strategy to me.
My average is now 10.2, I won't be selling and would be surprised if I don't get upside in the range 40-60% this year. It could easily be more.
GLA investors.
Hi Kipperfoot, for me that comparison doesn't work. It is a punt pure and simple, The only thing they have in common is they are in Tanzania. The mining comparison doesn't work, They have located the stuff bit they can't/haven't proved it's in sufficient quantity to be economically viable and it's looking less likely that they will. I've got a small amount there and I just see it as a complete punt, pure and simple. Great risk/reward yes but essentially a gamble.
I perceive my Sha investment differently as I slowly accumulate for what I think there is a more than 50/50 chance of seeing considerable upside this year.
Of course there are risks here: you have to be realistic about that . The two main ones are commodity price risk and execution risk. The latter held us back last year as there were problems with equipment and geology. The former is a constant in all mining investment although there are good reasons-better explained by others- to believe that the gold price winds are blowing in our favour.
As Singida comes on stream and more is known about the West Kenya resource the whole project becomes considerably derisked by its sheer scale and diversity.
Nothing is guaranteed and there are risks, although I believe they are receding. However, SHA is an investment whereas HE is a gamble.
Also in SHA, been there 2 years and could have sold at big profit when it recently spiked on potential takeover bids.
I didn't because of the massive potential of the West Kenya resource and the new Singida mine coming on stream next year.
Continuing to build position. There is some jurisdictional risk and always, with mining, some execution risk.
But I think it's the best small cap in the sector with a lot of upside potential as producer and explorer.
GLA
It's not going to happen because it's too much risk for anyone to consider particularly in this time in this sector.
But even if it did happen, the best outcome would be a FOMO spike where a lot of traders make money and anyone with an average of < 10p or so who was sufficiently fleet-footed could get out. Then it would be back to square 1 -.
Isn't it just called hedging? The terms on which it could be negotiated would be so much to the lenders advantage because of the risks/unknowns that if it did work it wouldn't be in the shareholders interests unless the aim is just survival and you like generating revenue for third parties; employees, particularly well-paid ones, might like it though.
...hopefully this presages a more productive pro-Western climate in Burundi.
https://www.thecitizen.co.tz/tanzania/news/east-africa-news/eu-sanctions-lift-brings-new-hope-for-burundi-s-economy-4052454
Theosus, I still think it's good business for the UK and has a lot benefits beyond the economic ones, including for UK students. These people shouldn't be counted as immigrants.
Starting point should be getting MI5/6, GCHQ the Met etc etc to start putting Kurdish people smugglers and Albanian drug barons behind bars. Smash the illegal trafficking routes.
On a completely different point, your 48p at xmas is looking like a very good shout.
Nurses and doctors a very valid point: 20 years of under investment and relying on overseas recruitment: worse still stealing talent from the third world. But that is a different argument.
There are 100s of thousands of Saudis, Omanis, Qataris, Taiwanese, Koreans, Chinese etc etc etc who want a UK degree before returning to be lawyers, military attaches or run Daddy's shoe factory.
Would you really rather these people went and dropped £100,000 in Vancouver and go back home as Canada lovers than come here and be Anglophiles?
Really?
btw- your argument about vocational education is a valid one, but it's a different one.
UK universities are a massive export success and something we compete very well in with Canada, Australia and the US: incidentally, none of those countries count overseas students in the immigration stats.
Soft target
Theosus- missed the point completely. Education and English is a product and we are selling it by the bucket load.
These people are not immigrants, they are part of one of our best and least recognised exports. Also a massive hidden income stream as they spend so much money here off the books: our safe at work is full of £50 notes from Oman.
Very few of these people have student loans. Just some Europeans who are a tiny minority. It is overseas students who are bankrolling the whole sector.
Look into university finances-without the overseas fees paid our students couldn't get student loans.
Without overseas students, about 2/3 of British universities will go out of business and places for UK students won't exist.