Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Going up on anticipation, chart exuberance and the advice of Mr 'Oracle' Mir. Some punters think graphene cement is going to make the company billions. I was in VRS for years and sold out at 90p. Got in again recently at 1.5p but it's just a punt as I don't expect this company to go to the moon and back in the next year or two.
You have got to take country risk into consideration, as well as rising interest rates and other factors, despite the current rosy prospects. I remember the SP here being over 3 pence in 2017 and then it declined, so do not take anything for granted. We are not quite on the home straight yet.
You are probably correct. It is a great resource to have in the country, like that polyhalite mine that AngloAmerican bought out from Sirius. However, I doubt if Tungsten West is going anywhere with it. I had bought Tun at the low this year and sold out with a small profit due to the spread. Wasn't really worth the effort.
They'll have support—if they're South American. Maybe Cleantech will go native? Lol. Country risk is still there. Could be wrong, but the best locations for western investors will be the US, Europe and Australia.
cagney, if the world was on a better economic footing, then maybe you could have rode this share out over the years and chanced your arm. In this day and age, only the top tier blue chips seem worth investing in, and some of them are pretty volatile, like AAL.
With AIM you've got to know when to get in and when to get out. With the latter it is normally as soon as you've made a quick buck, which can be within 24 hours, although admittedly for me with TUN, it wasn't really worth the effort because of the poor spread. I'd like to see this share do well though. It's about time we had some decent miners in the south-west.
A wider war in Europe in the next few years is seriously going to push back the EV revolution. What amused me was Biden saying that we are still going to need fossil fuels for the foreseeable future at his recent state of the Union address, to great laughter from the politicians gathered there.