Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Over 7% interest being discussed, this sector will probably finding it difficult to bounce back for a prolonged period of time. Although, as lows as 14p seems absurd, it does seem like any meaningful rise will be quite sometime away.
With intrest rates yet to peak, any meaningful rise will only come once the rates have peaked. For the meantime it will be anyone's guess how low this goes. More pain to come ahead!
Anyone thinking the turnaround here would be as swift as the fall in sp are living in a fantasy world. If it does survive, it would take years for this to get back to half of what is previously.
This and boohoo both stuck in a contnious downtrend.
With interest rates expected to rise close to 6% in the coming months, think most retail would struggle due to squeeze on everyone's personal finances. Although 14p seems absurd, equally think anything above or close to £1 would be very difficult for this year.
No one in their right mind would pay anything close to £30 for this now!
The aggressiveness of the increase is quite concerning. Surely they must have had some solid info to short with such aggressiveness.
Results were better than expected and yet this is going down continously ever since. Some downside was expected but at present looks like there is still alot more downside to come.
From the hundreds of posts everyday it appears many are stuck here. Clearly price action like this is painful for many. The best thing for this would be to declare bankruptcy and end everyone's misery!