Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ask yourself what price platinum has to rise to, assuming all else remains equal, before ELR can break-even. Anybody looking to take them over will certainly be asking. And the answer, I fear, is a good deal higher than where the price sits at the moment. Then ask yourself, taking the platinum price as a constant, how much ELR must lower its costs in order for themselves to break-even. The answer, I fear, is a good deal lower than where their costs sit at the moment. So, for ELR to be worth a punt, an investor must be convinced, or be prepared to gamble, that the platinum price, or the company costs, or some combination of the two, are ready and set to change for the very much better. Looking at the share price, I'd say the market thinks there's no chance.
Boy, do those numbers stink. I don't think they could lose much more money if they were to buy-in platinum on the open market, and shovel it back down the hole.
Just trying to get a handle on the LME warehouse nickel level, which stands just shy of 200,000 tons. Is it an overstatement to call this a mountain, now? because a thirty year chart produces nothing like this current level -- the chart, indeed, looks just like a mountain. How long, I wonder, would it take to deplete a nickel warehouse stuffed as full as this? If the world ceased digging up the metal tomorrow, how long would it take for the warehouse to empty?
These were 100p, and now they're 006p, so you have to wonder whether all the risks involved in placing a bet are already priced-in. All things being equal, this stock is poised to recover - and, indeed, rocket - once the global economy starts to recover. When that will happen is anybody's guess. Remember, though, that this be AIM, and all's fair if you can get away with it in this market. The liklihood of a delist, or a timely takover for a bargain price, or a change of tack by the company involving a placing and consolidation, or all the myriad other options for a desperate self-serving management, are a possibility. Wager your hard-earned in the full knowledge that you might not reap the reward you deserve for hanging in there, or even ever see your stake again. Same advice goes for every single mining stock that's listed.
Volumes are not tiny. 64 million traded on the TSX today. I take it all back
There's only been a few million traded in the last few days, and the price has bombed. No sense wetting your kecks when there's nearly a billion in circulation. Feels like the market is broken.
Or it's down to uncertainties over the pension fund deficit. Link to interesting article explains: http://www.telegraph.co.uk/finance/personalfinance/pensions/9272742/Eurozone-crisis-increases-pensions-black-hole-by-30bn-in-a-fortnight.html
Correction - On a second reading of the RNS, I see he hasn't sold out at all. Good for him.
Not as delighted, I bet, as he was to cash-in a half-million quids worth of free shares.
Bought at 8p a couple of years ago, kicked myself a few times as it went up and then straight back down again, rode the big spike till 27p, kicked myself again for not catching the top, quickly thought myself a genius all the way down to 20p, started buying back from there, been buying back and kicking myself ever since, all thoughts of being a genius now out the window, bought my final chunk today, and staring in amazement at the one year chart.
The Friday jobs report was the clearest signal to me that QE3 is coming. They'll be embarrassed to admit it, and may attempt to disguise yet another attempt, but, to paraphrase Shakespeare: "QE3 by any other name is gonna make me a butt-load'a money".
Seemed fairly positive. They've enough cash to chug along for a while yet. As they say: it's all about timing your entry point. Anybody jumping in now has a fair chance of profit. The swan dive's been spectacular. If ever a company was priced to go under, this is it. Make sure you know what you're paying before you hit the buy button, though. Market makers will have you for breakfast.
Going by the price they were traded at, the two zonkers of 600,000 must have been buys, and not sells as displayed.
Nice to see a buy with some chest-hair on it today. The market-maker took no chances, did he. Romag not a stock for the day trader.
Jumped ship today. Made a nice few quid, and want to keep it. Be back again when we're sixty-something - if we ever are.