Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fleecy, if any line in that picture was the SP, I’d be a lot happier. These days SP seems to be valued by sentiment not logic.
My view looking purely at technicals on the daily chart, anyone buying now, trying to call the bottom is just gambling. Until this moves back up past 72p by a good few pennies, pulls back and strongly rejects 72p to show a change of direction, this is just in a constant down trend.
70p could be the bottom. It’s visited here a good few times and bounced back. Nobody knows and tomorrow and next week are the key for me as to whether the next leg is up or down. As for shorts opening, that would be a very bad omen.
It’s not the dip but the close that is worrying. If buyers don’t come in at this price, this could drop to the next key level.
Got to admit now it’s closed below 70p, I do fear it will drop more. There’s definitely demand at this level but the 70p breach could make a lot of holders panic sell.
It’s got to close above 70p going into the weekend IMO !!
I’m not an accountant by any stretch of the imagination, but it is clear that various people on this board with financial acumen have read the results and are painting very different pictures.
The only current definitive answer is the SP and Mr. Market doesn’t seem too happy. Fundamentals might be current news but SP will always be the King.
Let’s hope the Yanks don’t give this another kicking later.
Yield is no good if your capital is being destroyed. Yield only matters against your average price. Anyone who has bought higher up does not get the existing yield.
Contango, you have this as a strong buy but I’m not seeing anything in the results or price action to have the same opinion. What your reasoning ?
I’m sure a TA expert could fill in the blanks ? What’s the time frame this H&S pattern resides in ?
what tf is this head and shoulders pattern you have called out ? is you just talking ****** ?
This share is going nowhere except drifting down. Something needs to change to change sentiment. The whole market is a dog’s dinner at the moment.
On what timeframe are you talking Guttersnipe. I see no such pattern.
Isn’t it ex-divi today and it’s not dropped by the relevant price ? Am I missing something ?
Any thoughts on the drop today ? Anything to do with the drop in inflation ? Apparently food prices have dropped but Sainsburys gained today. People booking profits and we’ll be back on the rise again or have we run out of steam and a reversal is coming ?
All trades do have both. For a buyer you need a seller. Price moves upwards because buyers are more aggressive and instigating the trade (demand > supply) and it moves downwards because sellers are more aggressive (supply > demand) and instigating the trade.
Never understood this share. The buys often seem to outweigh the sells yet it goes down in price ? Always seems to be the inverse of the laws of supply and demand !
Why would so many shareholders sell at £4.22 if that’s the price they can get on the open market ? Surely you would want to sell at a premium to the market price ?
Am I missing something ?
I believe this has hit around the low now. There may be a last push down to just below 70 to clear out the final ‘weak hands’, but I think we’re in a clear accumulation stage and will start the push upwards in the not too distant future.
Back in Feb the announcement wasn't imminent. Last week it was - some people would have taken a punt on that and been disappointed by a complete and utter wet lettuce.
Day traders live and die by a few % spike like that.