Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Miagi - Sorry to hear you have taken a loss on this. Hopefully it wasn’t too much ?
What price you looking at topping up at ?
New boy - You seems experienced because of the amount of posts you have however you are seriously panicking . You need to reassess your holding and decide whether you want to hold or sell because at the moment you’ll just make a rash decision.
If you watch the YouTube interview from 21st, then that clarifies that Sasa is back in full production .
Good action today with volume , bit disappointed it pulled back after touching nearly 175p in morning but hey real value should be seen soon , especially with copper price being stable above and around $3.10 .
Divi announcement again in the Video he states they are considering reinstating it shortly so fingers crossed for that.
Very interesting watch re copper demand, price and institutional interest into copper companies . https://youtu.be/2PYKkqSq0Os - worth a watch
From ADVFN thread : https://youtu.be/BVHXB9Drl44 - interview from 21st October so very recent - explains the business in detail and Nigel states “we are considering very strongly reinstatement of our dividends in the near future “ which is of course very positive . - not sure if you guys had seen this as I just came across it on YouTube so for anyone that hasn’t it’s worth a watch. he also discusses wanting to increase the market capital and possibly get into FTSE 100... all positive - if the link doesn’t work just type “Central Asia Metals , China Mining Club” into YouTube and the 21st October interview should show up.
Have a look at CAML (Central Asia Metals ) with copper prices on the rise for anyone wanting to invest these funds elsewhere . Well done to you guys here .
A few posts about Divi’s on here - Central Asia Metals (CAML) looks set to announce a dividend (I believe will be 6.5p per share ) this week or next after delaying it early in September ... in terms of bp with a slight profit this one shouldn’t be cut... GL
Proactive presentation on 12th November has been scheduled ...
Done quite a bit of further research this morning , and on judgement topped up a further £10k in a 3 trades and managed to get an average price of £1.724 so I’m happy with that. .
Do we feel like they will actively pursue a new asset ? Commodity prices are high at the moment so would make sense , but yes agree rather keep the cash in the bank or disperse through dividend as opposed to a buyback.
No worries . Good luck to all here anyway.
Please can you provide the link to this broker note @Ainsurfer - however agreed I believe £2.40 is still too low.
Topped up early morning around £3k at £1.7169 as I believe it’s gonna be a good week. Well run company, should be trading at minimum £2 with current prices. Rerate (even if slowly) is inevitable. Dividend news to come as well. Good luck all.
@Gavster - How much did you buy at £2? I understand in terms of not trying to guess the curve but when it went below £2 the curve was obviously down in the short term at least , although anyone’s guess as to now below so yeah could have just been £1.98. Anyways good luck with the trade .
£1.69 looking strong today . Hopefully close above £1.70 and push forward in anticipation of divi as well.
Agreed tbh - Divi announcement before end of month hopefully should be a catalyst. Any predictions from the experienced for Christmas price... I reckon £2 is a reasonable target.
Forgot to add, thank you for your comment as well Jack.
Yeah that’s what I was thinking in terms of share price. I would not be benefitting from any dividends etc as obviously I do not currently hold any shares but would have to option to purchase at £2.19 - The reason for this weird question and I know someone noted down below no one can possibly know (which I am completely aware of but just wanted to get individual opinions anyway) is that say for example from history even if things were to go well, I’m thinking the price would be around £2.50. That would mean for the £14,000 ish that would be going into this share scheme over the 3 years including this year I would make approximately £2,000. I just feel this could be better used elsewhere for a £2,000 gain over the 3 years or so and like you pointed out any sale of the Thailand business could reduce the price as well. Taking all that into account I’d rather the £400 coming into my bank account every month than being saved separately if it looks likely the benefit isn’t going to be that much at the end of the 3 years .
I know this is an individual decision but kind of wanted opinions anyway so thank you @baker for your comment.
That would be an approx £8k loss. Depends how comfortable you are with that or if you want to hold on for a possible recovery ... That being said depends on your nerves because the trend right now is obviously down.