Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Like i said, i was worried it had all gone a bit quiet, now we know why...
Another whole new problem to deal with. It would have been go to know what are the approx scrap percentages so that shareholders could make an assesment of the scale of the problem.
Prelim results should be out soon (last yr on12/4) maybe there will be some info on that too...
Could do with an update and to see if expected sales hit £8.3M.
Its all gone a bit quiet which is a bit of a worry...
Yep that sounds plausible and that potential news, and the recent rise, is underpinned by substantial director buying recently...
Plus an expected FY24 p/e around 9 and 5% yield helps too.
Yes it feels fairly 'done' to me too. You'd have thought that respective large shareholders on both sides have been kept in the loop and whilst its never done till its done, you'd think that they must have given at least a nod before the announcement.
Also shorts in Mondi have dropped recently which might suggest that fears of a vast overpayment for SMDS have become less likely and the lack of large shorts on SMDS might suggest no large drops.
Both SP's seem about right given some 'sell on news' dissapointment on SMDS but in medium term i think theres a buy and hold profit to be had here.
IMHO
Speaking of shorters....just noted Marshall Wace increasing their short by 0.03% to 0.7% on the 18th Jan when the price spiked up on the deal news, of all days.
Apologies if been discussed already but having never come across this counterintuitative trading strategy from a 'professional' outfit i'm left thinking that it was an attempt to limit the spike up (to protect their existing short) and sow doubt in peoples minds and not because they think the deal was in fact a negative?
I'm interested in what i'm missing here...?
Something def brewing ...been even more volume recently and today.
I'm hoping that the volume reflects the expected news of their first sucessful installation and not of more delays tho the continued price dropping might suggest the latter.
It's finely balanced but i'd expect a sizable relief rally if they can get the electrolyser in and working to spec.
I see manipulation everywhere i look and not just in the stockmarket where it's endemic. Manipulation has become so all pevasive across every aspect of human affairs, that it's now difficult for people to even agree on the fundamental elements of any given event (let alone before they all start arguing about it).
My strategy therefore, to combat this is to look for the biggest, most problematic manipulation which in the case of ITM leads straight to climate change and the need to stop burning fossil fuels asap and to rapidly adopt the carbon neutral technologies required for our future energy needs.
COP 28 is currently attempting to agree a statement that even just mentions fossil fuels for the very first time and thus, the optimism that investors thought had to favour ITM (and all the other carbon neutral solution companies) slowly ebbs away as we realise that its too little too late...
The bigger the issue, the more at stake and that stokes the incentives for manipulation whilst big tech and the internet provide us with our lovely and ever more essential phones. The biggest/most hazardous manipulations are hiding in plain sight and as you can tell, i love looking for them!
What if the hydrogen economy itself is a red herring to distract us from a better and more achievable solution??
How much power does a 'search' take and also to store all the data we generate and how much power does ChatGPT use??
What would happen if we all stopped buying plastic and eating meat??
Why do i feel so hopeless and powerless and could that be more of a problem than i realise??
Yes the volume is way above average at 1.6M despite only 7 trades.
Maybe finally the end of the long declne?
Hope so before everyone dies of boredom!
Not invested here but on watchlist. Thought this might be relevant to future Lithium price...
https://www.independent.co.uk/tech/mcdermitt-caldera-lithium-electric-car-b2410370.html
Just looking at WorldQuants recent shorting history here and the sp graphs over this period.
(Above 0.5% starting early june 23 and peaks at 1.2% approx mid july...currently reducing at 0.9%. (all v approx))
I'm no shorting expert and neither do i follow here closely but it seem to me to be a fairly swift and concerted foray for what seems like not a huge sp movement, indeed the price spikes mid june 23. They no doubt made some £ but i'm not sure this is what they had in mind.
Plus they still have a lot shorted and seem to be exiting now. Is this a case of bad timing with the founder purchases or maybe his good fortune..?
Something seems odd and happy to be educated...
Yes Claretjay, the clues are indeed here. They're on most boards but CPX is particularly badly infected which is a shame for everyone else.
Good to think that someone/some company feels CPX investors are a threat tho and its can be entertaining when you rock the boat and they have to parachute a wingman in quick. (like when i was aggressively told to back off in someones very first post recently- i had it removed but wish i'd left it on now) Couldn't make it up!
Keep up the good work.
Looking at the 23/24/25 upward eps revisions (+1p/+1.8p/+2.2p) in the last 8 months makes me feel that this offer is an opportunistic grab before the good news arrives and my gut says vote no and wait. imho
yes estimates are v back of the *** packet untill the deliveries start rolling and even more problematic with tiny tech start ups and so i have fairly low confidence in those figures too.
its difficult to get free estimated future data these days, many sites now restrict behind paywall and so (apologies but) i'm reluctant to state my source on a public board for fear of losing this last data access. search and ye will no doubt find tho!
I'd say jan24 -mar24. Est turnover at end of (tax) year £6M. Next year (24) is £12M. Hopefuly they have enough cash to get them thro so bottom draw for these for a while. GLA