RE: TWSP16 Apr 2019 04:17
Hi Bamps
Glad to hear you are back home - be positive, you are better now, don't even think of a relapse.
I live in what was part of North Yorkshire not far from the Boulby Potash mine, so have kept an eye on Sirius. Don't know how they are funded but tunnels usually cost about twice (or more) the estimated cost. All this infra-structure has to be completed before production can commence, so no profits for a long time.
Investors seem happy to invest in potential but lose interest when it doesn't turn quickly into profits. So my idea is to watch them for now and maybe invest when the money starts rolling in.
As I said, builders have great potential (ie increase in Sp) and Divis and safe as houses (cos of net cash held), so quite happy sticking with them.
I am most surprised that psn showing little sign of recovery (after insignificant interview) and their Sp should be about 2700 now. First company to address quality issues by creating retention until all snagging completed. Using this method the first thing Big Chiefs will look at is retention on each site and Managers will have to get it sorted quickly,
So psn most undervalued of the big builders now and I only intend on selling small amount of Float (when 2400) which I bought for Divi. Just need to be patient.
Hi Taverham.
Think there is no chance of No Deal Brexit now, which should drive prices up. Since TM has now effectively given up her Brexit plan, all that is left is a highly compromised Brexit (hardly Brexit at all) or No Brexit. BofE won't increase interest rates if they don't have to, so in near term I don't expect them to go up for a few years. In the mean time we need 200,000 new Social Houses, so demand will exceed supply for years to come.
BoL
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