Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Stas,
If I had bought, 1m I3e shares for 50k, basically 5p each, I would be delighted to just sit back and pick up the divi.
I wouldn’t care so much about the price as long as the fundamentals hadn’t changed and the company was continuing to grow, my efforts as the companies should be, has to be pushing growth, with more spending on wells. Maybe take on debt if needs be.
The position we all want to see is an improvement in the SP, the only route to increasing the dividend, those who bought at 5p and sitting on huge improving monthly dividends may have second thoughts on selling, where else could they pick up such large returns on their investment, I3e needs continuing growth year on year for this to happen.
Jeezo,
I’m selling out some other shares to buy in here, this is too good an opportunity to waste. Any whisper of a buyout will give the sp a decent boost, they can only ask and the board can say no, selling more royalties or some acreage is an option.
Pete,
I’m just buying more and lowering my average, fundamentals haven’t changed, oil price is now rising while the share price is falling, which is a strange one for those who believe in the management strategy and business model, even after considering the unlikely that the sp will continue to fall as O&G price rises, lets also consider the impossible that the sp is being forced down by the powers that be in an attempt to buyout the company with a low ball offer.
Mulgoa,
Most here are down, lots bought by me from 20p - 24p, also buying on the dips between 17 - 20p
Best just sell if you really need the cash this month, personally I’m down several k, I’m not selling, this is a blip in the grand scheme of things. The market and oil and gas prices will recover as they always do, a buyer may even turn up, imagine your disappointment if that did happen, selling isn’t for me, I3 is still growing, meeting it’s targets and expanding its business.
https://twitter.com/eri****tall/status/1636360181499199488?s=61&t=7DhETRFtWCbebXYTkm38xA
Ken,
whats changed since you first bought, for me it’s the price of oil and gas, they went down, the sp followed suit. If I expect the price to keep falling, I will sell, I don’t, so I will keep buying more.
Do I expect the divi to stop, no I don’t, the divi actually went up, it’s better than before.
Does the price fluctuate, yes it does, patience is the key, gas and oil prices will recover.
2 guys being paid millions, it’s no wonder the cash is evaporating, what are they doing to siphon off this amount of cash from a company valued at c£5m and losing value month on month.
Why would anyone invest here when the next RNS will be about paying their wages with a fund raise.
Non compliant,
Good link from Tony mid Feb. https://www.youtube.com/watch?v=sgOEGKDVvsg
In regard to cars, car batteries and the mining of materials to meet future requirements.