Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Response
https://www.rns-pdf.londonstockexchange.com/rns/1838Z_1-2024-1-10.pdf
@TrekMadone
I think this yield is more alarm for the masses, we know that DEC hedges provide CF and dividends are covered. New comers in US will first look at loss, debt, high yield and leave this idea behind.
For example NWX.V (oil royalties) at 17%, they are losing money reserves to give away dividends - at some point this will end. This is not recipe to get more investors - just on high yield.
@notrex
I was thinking about a bottoming pattern. The last fractal (crash) from last year: On October 4th (1300p), we saw a bottom on the chart, followed by retests on November 1st and 14th. On November 20th, there was a touch on the upper edge of the downtrend, and again on December 15th, it failed at the support (1300p) - result was 1000p.
@notrex
It is amazing that DEC can't escape from a descending wedge even with a 20%+ yield. I am camping on the side if we touch 1000 (double bottom) or break above the upper edge of the wedge and then buy a retest move. This is what I mean, neutral until one of the above conditions is met. I would be more scared to enter if we see 1000p again. Where do you see bottom?
I like DEC but what you can do against trend? I hate to trade in and out but if you look the chart now and compare it to last fractal oct-dec 2023 (double bottom at 1300). Be patient and wait for trend to turn, if we break level 1150 we could see retest of 1000 again. First we need to break 1200 to escape from last triangle and then 1400 to break major downtrend.