George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I am some what new to this. What does financial instruments means?
How can I get. I have google their short positions and I do not see that they are still holding this position as a short? Is it possible to find out?
A quote from Jim Cramer;
"Bulls make money. Bears make money. And pigs get slaughtered."
With this mind I decided to sell out of my position being breakeven and call it a day. I brought into Sirius at around 12p (even through I have been watching this company since 2016). so I knew the risks ahead. I managed to bring my average down to around 5p. I really wanted this to be a LT position (especially after years of being sold a pipe dream) for me but with today announcement I feel like they are definitely selling out so I am choosing to more on. If it not going to be a long term investment (10+ years) then I am not interested. Whoever the buyer is I will do some research into them and see if they are worth my money.
It a shame because I did believe in this project and would have been happy to stick along got the ride with CF if I did not feel like he was selling us out.
Anyway for the remaining LTHs I wish you all good luck and I hope another bidder makes a flashy white knight appearance.
Is there an investigation taken place into Muddy waters? It looks like they are manipulating the sp.
When is their date of the full year results?
I am just happy to get an update.
Where was this mention please? It would be nice to have a link because I am starving for some communication. It has been far too quite for my taste
I wonder who your referring to?
Bizzybee, in hindsight I meant to say Britain not England. The point I was to say is that I am more interested with is how how raise up rather than how we got knocked down.
Brexit may have took us off our feet, the question is are we going to get up of our and keep pushing forward. Or are going stay down, roll around in the dirt and complain about ifs, but, and maybes.
Likewise Lloyd’s took at hit in 2008 with the financial crisis. What has the bank done since. How is the balance sheet? How is the management? Are they still in the dirt rolling around or do you see them walking forward?
Gettingpoorer
Hindsight is a beautiful thing. It is not about timing the market. It is about time in the market. And for Drusus to be flat at 62p after almost 12 years, it is not what one would expect in a “growing economy”. The dividend is nice but it would be nice it the stock does can also move up with the economy. I brought into Lloyd’s last year with the belief that England will be able recover from Brexit and figure out how to continue growing. Anyway I see potential with this stock and the fundamentals looks sound.
I am in mostly for the dividend but I do also see this stock as slightly below fair value (as it too a big hit from PPI recently) and I expect as raise in the SP.
I hear you. I have been with this stock since the days of Proxima so you can imagine my frustration.
Hey Bucky,
Does this mean you’re now a Sirius Minerals bull? I am gonna miss your bearish opinions.
They is just no buying pressure in this stock so it is pretty flat and boring right now. Anyone know if they have any press releases upcoming?
I actually like having the alternative views of IBB. I am long on SXX but I think it is good to hear the bear case as well as bull. It keep things in prospective.
Or 2p.
The point here is that weather it goes up or down you should be prepared for either outcome. Right now the sp is headline driven so they is no way of knowing which way it would go.