Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1.3% of company @ 14p ?
I think the price has been slowly rising from lows of 1.5 to 2.5ish but it is still well below the heady highs of $5/6 around 2008. What the exchange rate is offering is an even better uplift for the sales that's all....
besides the chinese and their 29% only Aviva and Aberforth hold 27m shares - ironically about the same number as those transacted in the 2 large trades. also note $ v Rand nearly at 11 and a multi- year high; even with low ferrochrome price this exchange rate is some 50% higher tahn the last few years
I agree. Also with 50% of shares held with institutions , Marwyn near 20% and Paul Bell near 10%, these were worth 8m and 4m at suspension and nearly double some months earlier. I'm sure they're not keen on writing this one off. But v poor information to all.....and too many of those guilty still in situ ?
EDS help on BBC DIY-SOS on wednesday night TV. It appears parts of the group maybe operating; it would be good to hear news. Any news...........
Big buy of 1million at end of last week and again today. These are 80k GBP trades. Also update and interims due next Monday - are we hopeful of a positive statement. Any comments please
Well something must be happening for long time shareholders (sufferers) soon. Costs under control, R v $ at 5 year highs and 60% above 2 years ago, and a slow move back towards commodities. Perhaps a positive statement to accompany the preliminary results mid-Sept will be the fuse.....
The July target of Can Gen, 280, has already been reached. I reckon they will have another look. 3 pound soon with the business and trade updates due at AGM.
This share is on the up. Results for y/e 31 March are due next thursday and clearly some are in the know as what to expect. 2.50 - 3.00 is achievable within the mid term.
I note RIVALDO's comments of 12 June and had taken some heart from this given other rumours around on this Chat. What do you reckon RIVALDO, 14.25 was cheap then?
Well said Jolly'. There has been a lot of "rumour" here this last few weeks contrary to several positive RNSs and nothing bad from the horse's mouth. At this point I am strong buy based upon, results, forecasts and forward projections.
Daft comment! I asked for clarity on 14 June following earlier comments here and then again asked if there was any substance given the recent positive RNS's. A bit of knowledge or insight would have been better than a bland "sell then" which is not on my agenda. Poor and unhelpful.
No news, but lots of rumour and speculation on here and iii. Steady slump of share pirce since Half Year results and lots of upbeat comments. Also a Director buy recently, I am a bit surprised if the rumours have any substance then why no RNS. We have also had a rns about a contract award in recent days and no sniff of problems. Are the rumours about Group directors or perhaps a company director etc ?
I'm keen on this share. I would though like some comment on the Post of "Longtermholder" on 21 May and now further referred to by "BarkingLad" on iii. The coments are about a winding up order on Kitsons Environmental reportedly linked by the posts to Silverdell. Since 21 May we have a new director and a director sharebuy but no mention of anything on the above. Any comment please as this share should be much higher on forward projections.
Good note thanks. Agree the fundamentals look good and an update from the horse's mouth is welcome. Interesting to note that communication with 2 clients (babcock & costain) is ongoing at senior level on business as these were the rumoured possible bidders only 2/3 months ago; maybe, maybe not!
Welcome and positive. i wonder what this means in profit/cash terms; ie one furnace + power rebate and then two furnaces in full use - all at improved efficiencies. At least the announcement is timely and up beat.
I don't think this is about dividend for along while. The better exchange rate allows for increased sales income against the improved costs and hopefully leading to profit for the business. this will allow either reduced lending or investment for improved technology for further efficiencies. This should lead to better results and a more realistic SP in the short to medium term of, say, mid-20s. By then maybe ferrochrome price and buyers wll be in the game.
Managed to hit the "10" which is the highest for over 4 years. This must improve the overall situation even if FeCR price is low.
Thanks Sage. Roughly - JIS 30%, Aviva 6% (bought at about 15p during 2012), Aberforth 5% (bought at about 20p end of 2011). Many of us maybe 25p+ well before this. NAVish 28p. SP at low of 9p ish. I'm not sure what to expect or timescales involved as I mentioned.
Any learned comments on this share IFL please? Long time holder waiting for better times. $-Rand at 9.2ish for a while and well above last 2 years. Are we just waiting for FeCr price to go up? At present trading it appears IFL mine and sell and hope to breakeven - why bother deplete the stock? Is there an argument anywhere to improve position? NAV still at 25-30p area. What about chinese and their near 30% stock holding? Can they take IFL out cheap and hammer small shareholders. Any comments and timescales would be appreciated.