Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sometimes there are direct replacements, but many components now have field bus communications; manufacturers have diverged so that one manufacturers products are not directly compatible with another's, (think Ethernet-IP/Profinet). again with proportional control cards for hydraulics, they're usually matched to that manufacturers specific valves. There's also the fact that a change of component required a change in the drawings and bill of materials that must be approved by the client.
Where possible, it's always better to stick to the existing design; it's also a perfect chance to demonstrate to the client that ordering spares for the long lead time items is a good idea.
Speaking from the position of an electrical controls guy; There are lots of items that used to be on the shelf but now have weeks or sometimes months back order. Soft Starts, Inverters, PLCs, some modules, HMIs. I've just finished one job where the data acquisition module which used to be next day was quoting 16 weeks.
The usual tends to be, we submit designs to the client for approval with lead times of parts from that day. They then have a load of meetings, drag their feet until the order is placed, and we then discover that parts are now on back order because the client took so long to issue a purchase order. Our choices at this point are to either redesign with available components, (and go through the waiting for customer approval process, by which time the available parts may not be available anymore), or advise the client that because they took so long to approve, they'll have to wait for the parts to be available.
6 weeks, I'm not concerned. just been quoted 14 weeks for an NI module that used to be back order.
and oddly the trade has been recorded as a sell
I've just topped up some more.
I saw the 10% drop and topped up with another 2250
I do agree; I missed the boat to sell my holding. I'm hoping that the previous years' sorry cycle repeats and I am expecting further drops until/unless the Omicron turns out to be an over-reaction. I suspect we may scrape 50p briefly before a return but it could well be a good chance to buy more then. In the mean time I'll wait and keep an eye on them and hopefully in spring we'll be back to 90p.
I agree. I think it's panic based on Omicron and the fact they're based in South Africa. If the price drops much further I'll buy more, although I'm already a little overexposed on this one. We've had nothing but good news, and in the next six months, I can see us pushing at least 20p again.
I took the opportunity for a cheap top up.
Also, a lot of the sell trades are automatic; Stop losses biting in.
I bought originally at 96.8, watched it go to 205, then been adding ever since; First at 153, then 151, then 145, then 107. My average is 118, and if it drops below 90, I'll buy some more.
If Paul Atherley was happy to buy half a million shares on 25th June on the fund raise at 120, then he's confident. Especially since he holds over 9 million shares now.
To be fair, that doesn't mean anything. RTN whom I also hold did the same thing for their AGM, and I'm sure have many others.
I doubled my holding too; If Platinum were willing to pay 105, then they must have believed that they were worth at least that; and if the board refused the offer, then they must have believed the SP was worth more than the 105 offered. I guess we'll see in the next 6-12 months.
I agree. I bought into MARS for the longer term recovery, and if the SP drops more, I'll be topping up. If Platinum thought the SP was worth 105/share, and the board thought it was worth more, then it has at to be worth at least that, so I'm holding.