Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Magoo - What's your rationale behind 40p?
My complete guess on the sells is that they're longer-term holders who've got tired of the stock and have finally had an opportunity to break even(ish) and step out.
Appreciate it B1ll.
Yeah, I'm not afraid to ask the stupid questions, I'm still on my way (thankfully) down near the bottom of the foothills to the right of mount stupid of the Dunning Kruger curve having found the peak in Sirius Minerals and learnt some very quick lessons luckily early on in my investment 'career'.
Every time I see someone say "DYOR" having not actually posted any evidence/hard facts/calcs, I immediately assume they're just blagging it and reaffirming their own investment decisions which they made on gut feeling.
If people actually knew what they were doing I think you'd see a lot more facts, figures, and discussion around risk assessing those numbers to help people weigh their investment decisions. As it is, the second people start questioning each other things descend into name calling and plucking of random stand alone facts like "oh but we've got X amount of resource Y which is worth Z", which as a stand along fact is almost useless.
As I say, that's not a criticism of the EUZ board, more a general observation of many boards.
Again thanks for peoples various answers.
Shedulike; I think there's too many people on these boards (not EUZ specifically) who think it's all a d1ck waving contest to prove "they got it right" while never admitting the times they got it wrong, while completely forgetting that none of us are big fish, and we're all just out to make some money.
Appreciate your response as well: have you seen any full calcs from anyone on the resource and what it's full value is? (I assume that's all changed today what with the 40% increase in resources)
Also; PFS - pre feasibility study? SS??
Im still new, and I got this one wrong.
Bought in here some time before Christmas and lost faith and cut losses just prior to the share consolidation, largely due to funding concerns, the way LR presents, and what I felt at the time was a lack of clear direction for what they were planning with the mine.
Happy to have been proven wrong, and now considering another look.
What's are peoples thoughts on:
- Timeline for the resource and what are the next steps
- Expected key RNS' in the next few months
- Realistic valuations for EUZ
Well done for everyone who made money here, glad your work paid off for you!
For me, the "strategic Options" proactive investors interview with Dimitri on YouTube was a lucky starting point. I saw it January time, which gave a couple of weeks to look for evidence backing up Dimitri's various claims about the current status and future of the mine before it got suspended in Feb (buy which point I'd bought my first few tranches).
Main things I wanted to know:
- were the BoD trustworthy, experienced, and heavily invested themselves?
- where were the projects in their lifecycles
- was the company in a load of debt with major works imminent
- what did people roughly think EUA was worth
I searched this board and others for any estimates people had done (if someone hadn't include clear workings I just ignored it), along with looking at target prices to look for any loose consensus on how much higher the price had the potential to go. More recently twitter had some interesting stuff on as well.
Once I'd initially convinced myself back in Janurary that something was about to happen, I re-read up on the board members which tipped the balance and convinced me they were worth investing in.
There's an awful lot of white noise on these boards; and even as a relative noob myself, it's clear to see the overwhelming majority haven't actually got a clue why they invested other than narrative & price action. There's probably only 1-5% useful messages on here on any given day, the rest is a chatter or clueless stabbing in the dark.
There's also a lot of people who don't seem to know what confirmation bias is, or the value in having someone question your findings to help you remain critical.
Good luck investing, trust yourself, and don't over expose yourself to any 1 stock.
A cheeky £200 skimmed off the top.
... Straight into more EUA :D
Quick one on share sites:
I currently use I-web for most share purchases (including My EUA). When I first got into the market ~18 months ago I went from HL to Degiro to I-web in fairly short order. It seemed to be the best value stocks and shares ISA in terms of £25 one off set up, and £5 per trade.
Anyone got opinions on other sites/accounts being better and why?
Good luck to all in the coming weeks!
Crabby;
It's less about whether EUA have money in the bank, and more whether Russia are likely to look to nationalise the asset to support their economy.
The oil market doesn't look set to recover for some time, and as such that would also add weight to the idea that the government need to come up with other ways of reducing their dollar denominated debt.
This is intended to promote conversation only. I'm a shareholder, I'm not a trying to drum up positive of negative sentiment.
Given the various economic predicaments being faced by governments around the world there's a strong likelihood of countries borrowing more dollars from the US to prop up their economies.
This will only be available to those countries who have swap lines in place with the US.
Countries who do not have access to this (what is effectively a credit facility), are more likely to look for ways to squeeze more out of their own natural resources. There will likely be greater taxes for foreign companies, and potential nationalisations of others to help reduce the non-US Swap line country national deficits.
What are peoples thoughts on this as a concept?
Could this have an effect on EUA?
If yes or no, why?
Brilliant Post Ian.
People would do well to apply that logic to all of their investing to fight off the self doubt, relying on solid research rather than pure gambling.
Novice in the stock market here; could people give me their thoughts/experience with similar stocks on the following;
Assuming a sale or other circumstance which causes the shares to be re-rated from 7.2p to between 20p - 80p (numbers for example only), when the market opens and we all inevitably sell, is the SP likely to tumble somewhat due to all of us taking profits? or shoot upwards due to institutional investment? or hover around the new price for a while until further news?
If you think I've conceptually missed something or used incorrect terminology, please explain.
Cheers!
Thanks for the explanations Profits/RNSman. As a reasonably well informed novice in mining investing, seeing posts from people who have actually done some proper analysis is really helpful in building understanding.
Thanks again for your posts!
Tilly;
Ex-SXX Investor who jumped ship before too significant a loss, mostly happy to sit quietly on the sidelines and laugh at the squabbling. Always a genuine pleasure reading your posts each morning and watching the bot flies squirm.
Good luck to all who invested!