Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My average across all accounts is 14.94 p
First bought around 20p a year or so ago and have averaged down.
It has been a frustrating share given the assets it has.
However, I am happy to wait this one out and may add more despite being overweight here
I used to have a large position in SAVP but sold out a few months ago at a loss.
Today, I have take a very small position given the risk/reward at the current share price.
I believe the deal will complete but there are still risk of a further fund raise.
Anyway, will watch careful and may add when deal finally crosses the line.
I had a large position in SAVP a few months ago but sold out because I had lost patience.
However, I now believe the risk/reward at the current price is worth giving them a small punt.
I still think there is still a risk that there will be a fund raise after deal closed.
Hence, I will not add further until there is clarity
Wolster the article is in the following link - hopefully it works
https://www.zerohedge.com/news/2019-05-16/end-oil-giants-and-what-it-means
just noticed that the previous owners of Merlon have reduced their holdings in April from 16.49% to 1.71% on the 30th of April and the share priced has slipped from that date. It doesn't show much confidence in what they have sold and doesn't align with what Ed said about Soco offer being better as it provide them with an upside in the asset sold via the shares issued.
Finally ran out of patience with SAVP; it was too big a position for me and with each delay the risks were growing.
Hence, I have sold off the bulk of my holdings over the past few days except for a small position in my ISA. Good luck to all holders and knowing my luck, an RNS will come in tomorrow and the price doubles.