Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Crewetime you posted this yesterday. Clearly you’ve sold out and want it lower. Good luck, but I feel the 20’s might be a stretch ..... quote “They are 100% De-rampers, surely all can see that now.
They try to drive the SP down by spreading fear and discord on this board
I'm so glad there are so many sensible holders on here, this will boom soon I'm sure of that (well as sure as I can be!!”
Frog, I would be very interested to know what they say. I’m a big fan of both of those funds and good to see Beri changing its positioning. The ISS involvement with voting is yet another way in the which fund managers are seeing their influence reduced.
Dart Frog. These days nearly all Fund Management Groups rely on groups such as ISS to perform their voting on their behalf. They will be send voting intentions through to the FM’s governance and stewardship departments who will inform the individual fund management team on how they WILL be voting. If the fm has a strong opinion to go against the voting intentions of ISS then they have to submit their thoughts in writing internally to their G&S in order to overturn the decision. Very rarely do FM’s find the time or inclination to jump through these hoops. Whilst I agree with the your thoughts on the two Blackrock teams ( BRWM& BERI) it is unlikely that they would vote differently to each other. As an ex FM the whole industry has changed beyond all recognition over the last decade.
RK, if the truth be known, I’ve never been a massive believer in charts. You either believe in them or you don’t .....the theories are open to many interpretations but they never formed part of my investment process. I saw the tweet and Northstar has a good track record and following and tbh it looks fairly compelling although shares in issue as you mention may cloud the judgement?
RK, If the truth be known I’ve never been a massive believer or follower of charts......the theory is open to many interpretations. I saw the chart on Twitter and posted the link as it appears fairly compelling an I gather Northstar has a good track record and following.
https://twitter.com/northst18363337/status/1346068385998790656?s=21
NH, totally agree with your sentiments and if punters want to go short then I’m happy with that also. Buyers and sellers make markets and set prices for the short term but assets, earnings and facts ultimately set the long term pricing level. If “blockers” ( BB expression clearly ) want to advertise their stock then I’m happy with that as they are liable to lose what they offer. After all I’d rather see the offers in their entirety which sadly will never happen as we can’t see icebergs, hidden offers, dark pool orders, trading pads or algo orders.
M&A activity amongst the mining majors has been very low since the end of the last super cycle. New management teams that joined RIO, BHP and AAL have spent the last 5/6 years focusing on debt reduction, new efficiencies and shareholder returns. 2021 could be where the M&A fun begins? Over the last 2 months of 2020 their share prices have risen by 30-40% and thus making the issuance of new paper to fund a deal a whole lot less dilutive to EPS. Coupled with buoyant commodity prices and increased consumption forecasts due to the various new green stimulus deals globally it’s likely 2021 could be a great year to own mining assets.
RedKnight ...I hope you remain here and hopefully the “moderators” will be more vigilant & thorough in dealing with the weekend racist ! That has gone on far too long
RK, as we know it’s opinions that make markets
Despite owning one of greatest deposits of copper/gold discovered this century, the market is telling us what it thinks of NM’s current strategy and shallow AGM victory. I remain a committed long term holder of Solgold
GLA
Fairly new to RMM but I like what I’ve learnt from my research. However IMHO this will take a fair bit of time and those expecting quick results may get frustrated. I suspect many of the former debtors and financiers that took part in the debt for equity swap will prove to be fairly active sellers once the lock-in ends. It’ll take a while for the market and new buyers to absorb these. However it’s got a great asset in a sound mining jurisdiction and a very able new management team coupled with the fact that copper and gold will undoubtedly prosper in 2021. GLA
Having done my research on RMM I’ve bought in. Looks fairly promising with the potential cost savings and buoyant copper set to boost FCF significantly.