Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Myo Ffc and others –
I went for a different approach – using trigonometry. We have known variables and unknown variables. We know the true measurement of the shaft diameter and by my picture on the screen the scaled version at 18mm. We can assume the photograph was taken from the centre and therefore the radius is 9mm and the perpendicular angle is 90 degrees. We also know that each ring is 1m tall which we may use to see if our answer is feasible. After several attempts at modelling, I have come out with a – headache. Are there any mathematicians out there who can estimate the missing angle to answer the question? Is it in fact possible to do it with mathematics?
Midastouch2015
I take it you invested £3000 in shares and each share was .28p so (ignoring costs) let us assume you have 10714 shares. You wish to invest a further £1000 as the shares are now .10p and (ignoring costs) this gives you a further 10000 shares. Therefore, you have, in total spent £4000 and you now own 20714 shares. Dividing the number of shares by your investment will give you your new average – 0.1931 per share.
Saturday mornings 1969 ish, the producers must have been spaced out to come up with that - but it was so popular. You tubed it for my two granddaughters a couple of months ago and they just looked stunned. Hypnotised.
Ffcmember - we've had rooster we had members ,dooper.scooper and pooper honestly do they dish out names for these bashers or do they get to pick them themselves ???
Good post made me laugh - just waiting for Fleagle and we will have the BananaSplits surely. Giving my age away there!
New week, more old news same old whining. Reading over the weekend and this caught my eye:
“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You’re on your own. And you know what you know. And you are the one who’ll decide where to go…”
Perhaps my learned friend was on to something here, perhaps after we have all done our own due diligence, we should use our head or our feet. Buy, stick or sell. Whatever we choose to let that be it. Stop trying to influence others with such emotive language.
And you know, the more I read that line the more I think Dr Seuss must have SXX shares.
Yes, the 'big' investors have not batted an eyelid as they have not lost anything. At present they could decide to sell and actually lose some of their investment. And all this conspiracy talk is stupid, the small-time investor getting sh fted. I would not count sovereign wealth funds as small-time. This board has linked to articles referencing the macro economic situation in which CF was to launch the HY bonds yet repeatedly the board drifts back to the negative.
I am sitting here thinking of my shares in Sirius Minerals. Trying to think of the bigger picture. How I feel to be part of something so huge to my part of the country. To have been there from the beginning, a seedling and watch it grow. An enterprise bringing a real sense of purpose to so many. I can see the company videos showing amazing progress. I can see the faces of the recently recruited apprentices reminding me of real apprenticeships of the 70s and knowing once you had a trade you were set for life. I see the work of Sirius within the community showing how good employers and companies should behave in their community. How many of you can remember the works Christmas parties from your parent’s employers? How many companies are there like that now? I have a sense of pride in Sirius and an emotional attachment to this share like I do not to any other share I have ever owned. It is personal. And yes, I know that is not the way to invest but that emotional attachment has only evolved after I have done due diligence. The numbers stack up – Sirius has already bought me a very nice car.
I read the enthusiasm for the project from the owners – and I am not talking about the BoD here – I am talking about you lot, us, the positive contributors on this BB who share so much to help in so many ways. Those who know about planning sharing planning information. Those who know about engineering commenting on those aspects. Those who can shed light on the financial aspects of the project. Those who bring good humour and those who keep spirits high when faced with a lot of negativity. A real sense of community. I desperately want the company to succeed as it is, with the loyalty of all shareholders lth or other rewarded for having the vision to vote with their money in such a wonderful enterprise.
I know a lot of people will read this and think what a load of sh e; I am down £50k, £100k or whatever and I know that is hard to see. But a profit or a loss is neither unless it is realised. That is your shares are sold. I am sure a lot of us have lived in a house that has at some time depreciated, but we have not rushed out to sell it quickly. The share price is almost irrelevant. It is a question of trust in CF and BoD. Do you believe in the current situation as put forward by CF and reported in the Financial Times: Yes? buy or hold. No? sell and accept the loss.
But if you are stuck in the middle why not come off this bulletin board and do some macro-economic research perhaps, some financial modeling perhaps and formulate a plan instead of trying to find answers from people who are in the same boat as you!
I am in for the long haul.
GLA
Yes, it was a hard day SP wise and my didn’t a lot of people gloat at others misfortune. I did read all the posts and what caught my eye the most was the correlation of the negative posts to the number of posts by that poster. This would tie in nicely with the Bashers multiple alias approach mentioned by Myo.
I sit at the Stadium of Light every other Saturday and listen to the advice being hurled out, pitch-side, by 25-year-old pie-eaters and wonder why they feel qualified to offer advice to professional, experienced managers. Sometimes I agree with the pie-eaters, most often I can see what the manager(s) are trying to achieve. But it is something I know something about. This criticism of CF is ridiculous. And by people qualified to criticise CF? I doubt it very much. The amount of abuse he has received because he has had to react to a world situation which is beyond his control is repugnant. Even the FT has reported that “They added that they had been confident of closing the transaction before escalating trade war fears knocked bonds from metals and mining peers in the US.”
I hope today brings better news, a fresh perspective, that readers look at the number of posts for the derampers and consider if it is an alias. And for CF, give him a break, he will be using his skills to find the best possible deal for all the stakeholders.
For those who look and say well I have only posted a few times – I am positive, yes, but still sitting on a paper loss greater than my last full year salary before retirement three years ago. And I love pies! GLA
.. be fearful when others are greedy and to be greedy only when others are fearful .. do you think Ol' Warren may have been on to something here?
I am sure that the contributor from the Facebook group will not mind me sharing - Bloomberg have the $500 7.5Y Snr Sec Fixed at 13.5% Area -- from a source familiar with the matter but not authorised to speak about it
As a holder of Sirius for four years, and a reader of this board for as long, I have never been compelled to write a post. Yet after seemingly endless weeks of, yes, trolling, I could not agree more with both Fred and Myo for these two posts. Do not feed the beast that attempts to bite. Also, thank you Myo, and the many others who post freely such valuable information for board members to help in their research. Why people wish to denigrate this sense of community is beyond me.