Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bob the price action is nothing short of depressing. The closer we get to news the more the sp drift down. Anyone not knowing better would think there is a stack of bad news around the corner. In addition if the price of oil was falling that alone would push the sp down yet on the flip side rising oil price has no effect on the sp. The market stinks ,and I can't wait to get my money out,and put it to better use.
I said it here months ago that a game of attrition is being played out here ,and holders of COPL must be careful not to relinquish their shares to the sharks. We are much too close to the finish line to quit now. To those who are still watching, and waiting to get in ,I say don't be crying when you miss the chance at these ridiculously cheap prices.
When all is said ,and done it has been obvious to me that too many cheap shares are in the hands of traders who sell on the slightest rise ,and don't hesitate to sell at the first sign of a pull back .The market is dominated by shorters ,and momentum traders ,and investors are often left frustrated.