Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With over 5000 posts, maybe it should have been Daz that had the RSI moniker.
Free fall?
It's had a whacking drop after the ex-divi date, but last five days = -1.55 (-0.78%) which is hardly free fall.
I have no idea which way it will go, but looking at the positives it's possibly oversold now, it has a huge divi that should attract income seekers, it's got a dividend payment date coming up that could trigger re-investement.
None of these guarantee a bounce ( and macro conditions trump everything ) but they are all factors that could defend the share price. For me I've invested some the other day at 1.97 - I always do it in tranches so if we do lose further ground I'll add at 1.87 or so ( -5% ) providing nothing untoward crawls out of the woodwork.
I'm wondering if it's still 'low' when the divi is paid on 9th whether a chunk money will find its way re-invested back into MNG
I've been waiting to see if this went back to the 1.97s - I've just bought a batch.
Surely it can't drop back much further?
I agree Speedie. It would just make me hungry rather than help me invest.
" intrigued as to why Newmont want to offload their 70% interest if Havieron is such a glittering asset"
I think this has been well documented - the current scale of Havieron doesn't fit in with Newmont's global assets, it doesn't mean that it's not valuable.
Why where you right? They went up today, 11%
I agree with The_Chain - WKW are you using some obscure version of google translate to convert AJs comments into some form of illiterate ramblings, and then reposting?
I find it really hard to successfully bin people. I filer them, and then a little later a green box appears.
I then think "I wonder what they said" and then I unfilter them.
Ok, I think it's about time for a 2020s style crazy SP rise. I'm up for some news now Shaun. A massive hit somewhere, or a positive update on Hav/Telfer, or something out of the blue. RNS tomorrow please, if it's not too much to ask. Thanking you in advance.
Always interesting to see how people approach trading and investing in different ways.
I bought my most recent batch at £2.08, if it gets to £1.97 ( approx -5%) I may buy another.
"Once again, I should have sold a tranche or two and could have bought them back again cheaper."
It's really difficult to do. It's a bit like FOMO in reverse, it's FOMU ( fear of messing up ).
Not worried, just that as you can see he's the one doing the most recycling at the moment - unfortunately it's his posts.
So I'm interested as to what's your obsession with Cleverly? Tom Winnifrith (to whom you subscribe, or are) is a West Ham fan. Cleverly & Stanbury both tried to buy the club through their PAI Capital vehicle about ten years ago. There is something going on, some specific beef with these people that you both have rather than being a general 'proponent of clean, honest and efficient public markets'? Brundle has distanced himself publicly from Cleverly.
They are all previously connected, including the other member of the West Ham consortium, through
https://find-and-update.company-information.service.gov.uk/company/12813334/filing-history
Why don't you come clean and explain your possible connection? Maybe this would help your case?
"The gold price is literally irrelevant if you have none to sell"
This is simply not true. In fact it's extremely relevant at this moment to anyone looking at Havieron with a view to purchasing. What would be the chance of someone being interested in buying and completing Hav if the gold price was $1000? Would the interest be higher if the gold price was $3000? The company becomes more valuable as the gold price increases because of what is known to be under the ground because of the potential profitability.
Your argument works more for explorers pre-discovery, but when you've got a mammoth gold mine it is not correct.
I decided to add - seems to be comfortable in the 2.20 price range now so hopefully will return there gradually....
Did you not listen to anything MasterRSI said? He explained it all.
"Answer is when things go wrong we will pay for it .
Now if you think someone do care about shareholders you must be on another planet"
Part of subscribing to an IPO is that you take on some of the risk to be able to gain from any reward.
It is up to the indivual to decide whether they trust the board, their vision for the company & their strategy. You also are trusting them to value the shareholders. If you are not convinced by these things then there is no point of investing.
I did like the video the other day - the chap that went looking for dirt he could dig up on Labatt. He struggled to pull it apart, as it turns out that Recyclus are doing what they've announced and have nothing to cover up.
This was a positive in terms of trusting what we are being told. They have made good progress that has been hindered by red-tap. Really hoping they can pull off the news that we're all hoping for very soon.
I must say in the absence of major news I do enjoy Ham's farm updates.
More importantly it seems to have had a positive impact on the share price, too.
Balance is what is required.
In my view, what's much better than a competition between the members that are perpetually positive and those that are incessantly negative, is those that put forward their own objective opinions and can identify pros & cons fairly.