Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Clicked for a buy this morning. Quoted 68 pence. We have 48 million shares available for purchase out of 68 mill. Operating Profits of 27 million multiplied by 4. Comfortable £1.50 a share. I can't see 50 pence for very long if at all. I think the powers to be want this share poised around £1.20 so they are just pulling it back to stop it getting silly. My true calculation is £2.85 but they don't want the price to escalate and neither do I. They have a 10 year plan and want to be in control.
Couple of interesting things should come out tomorrow between their 50 million bank reserve for bad debts, more argos news and whether they have a buyer for the bank. They were quite optimistic about their efficiency of home delivery. Lets hope they deliver tomorrow. lo lol lol
bloody hell. £1.11. People have made some money out of this both ways. I can't get over the volatility to the amount of shares in issue. 8 billion less shares than rolls royce. I think this could go lower but surely this will get out of this territory soon. Got to be £1.50 to start with surely.
I agree with your thoughts. Going to buy a section again tomorrow as it will rise in build up to ex div. Did anyone else pick up the hint of them in their presentation about starting to scout around for more work.