Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
if this does an intra day reversal I will laugh at the plonkers who sold - some folks should not be playing on AIM ...130p to 38p odd ...the asset is there ..it will be funded - high oil environment - steal of a price ...gla ..this is not the time to sell ..
pretty simple really - constant 100K and 200K seller - been going on for weeks - not enough buying to absorb and move the price up ..so constant drip lower ..not sure where the bottom is now as didn't expect it here ...will be waiting and watching for a final top up ..but it wont be till this seller stops
its because all equity markets are up ..two vectors impact this - the underlying commodity and the sentiment towards equities ..today buyers have stepped back in ...those who invest millions don't buy an equity purely based on how the commodity its selling looks ...
I have no position here but I do in other similar junior miners and o&g players - bottom line is macro overrides everything - bigger players want out of equities across the board - all buying is being soaked up in may companies by a constant wall of II wanting out ...don't fight the trend - if you are in long term then its just a dip - this is not a market for quick gains - I look at company at the moment and look at balance sheet first - is it producing cash - how much debt - everything else is potential and in this market it means diddly squat ...theres juniors all over the place sitting on potentially huge resources - its not being valued at all because risk currently is off the table due to macro ..patience is needed
11.5p being paid - be nice to see this push on from here - very strong multi year support area - when this move up I'm expecting it to be pretty rapid ...fundamentals look good - indico to spud - T sands and U sands to add production ...buy these opps imo
unbelievable amount of cash vs.mkt cap really as you look to next year ...this should hopefully materially rerate upwards
Frustrating is prob an understatement for LTHs but as a newcomer this looks cheap as chips and buying opp - the cash flows - money in bank and production is good - very depressed sp because of seller - large upside ...I continue to scale in - forming a bottom around 11-12p so looking for a strong move up shortly - just my opinion
its falling because I expect RH has the last dregs he is getting rid of ….its bouncing now a bit - just MMs taking advantage of a down day across the markets ..wouldn't surprise me to see this flat - nothing surprises me with this market
last flush before the rise - fundamentally it’s very healthy - what an opportunity imo
Just take it as a gift at this price - I’ll be surprised if this isn’t back in the 80p region short order and over £1 by Xmas ...the asset is still there and it’s worth a lot in this high oil price environment ..historic support around here - seems a good buy to me ..