Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm with you there Paul - here for the long term. Unlike the smoke & mirrors 'assets' that Commercial Banks have, RR produce quality goods. They'll be back big-time in the future so, although I've been buying each month at these low prices I'll probably hold now for 2 or 3 years.
Good luck mate.
I'm curious too Paul. I thought that the Market Capital, divided by the number of shares issued would give me that answer.
So, if 5.25 billion Mkt Cap and 8.4 billion shares issued, surely we'd be looking at around 62p per share?
Would appreciate some experienced advice on this though.
@Treacle24 Yes, my filter has a good list of numpties so I don't have to read their continual, whining talk-down of a share. In this current bear market they'll make their profits I'm sure. But I'm here for the long term so don't need to read carefully constructed de-ramping BS.
GLA
Like most of you, I do a fair amount of research on my stock picks. With RR I had decided that unlike the smoke and mirrors of many commercial bank 'assets', RR deliver quality products and are worth the investment risk. Yes, dealing is a gamble as we all know.
Looking back through my notes I haven't changed my mind about RR, and so will be taking the full RI allowance. And if, post RI, the share price drops like IAG did, I'll buy a lot more.
If the company does crash and burn then OK, I've made a mistake and will have lost money. Sad to gamble and lose, but it won't break my bank.
If on the other hand RR come good in the next 2 - 3 years I'll have made a decent profit. Exciting times...
GLA
To me, share dealing has always been akin to gambling and therefore I only use money that I can afford to lose (although I'd much rather not...).
Looking at the total lack of coherence around the government's pandemic management policies, along with the uncertainties with Brexit, I've therefore decided not to sell, nor to buy additional shares until more clarity of direction and intent is provided if ever...).
So, I still have faith in RR and my shares will thrive, or wither and die over the next few months, but I won't be fretting over them.
GLA.
I agree @genco. Some of the comments here are lucid and informative, others just lower the tone of the chat facility.
I did my research, felt that RR has great potential for the future, and I'm in for the long term. Each month, while the prices are low, I buy a few more.
GLA
Everything that's caused the SP to fall seems to have been the fault of external sources - Covid quarantines, Brexit uncertainty etc. etc.
When I first bought into this company it was because I viewed it as a sound business with a good product.
None of that (for me) has changed. It is through no fault of RR that the SP is at this level. So, I'm staying in because, long term, I expect the SP to get back to normal levels and I'll be in profit. GLA
As Warren Buffett advises "Buy at the point of maximum pessimism", so I've bought yet again. It's money I can afford to lose (although would rather not!), but share dealing is a gamble and I do like the excitement.
Unlike banks with their 'smoke and mirrors' assets, I believe RR to still be a blue-chip company who have a quality product and whose share price, like many, many others, has declined through circumstances they cannot control, Covid, Brexit and so forth.
So I'm happy to sit tight for a while and see what comes next. Interesting times though.....
Personally I think that, although a blue-chip organisation, RR have allowed themselves to gain a lot of flab and it's time to trim down. I've bought 3 tranches (the first at £4.73 in March and the last at £2.40 at the start of August) but I have great faith in this company and if the share price drops tomorrow I'll be buying again.