Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Patience is required.
It you think about things logically, all of the bad news has now been laid on the table and the market is reflecting that in the current price of the low 2.60’s as I type. It has only been a few hours, if you look at today’s range, it shows 297.50 – 2.6040.
How could we of expected the price to shoot up, it is unrealistic to think this, I am not an expert on trading shares, but negative news on a share will bring the price down, and to be honest a 10% change in the day, and we have not finished yet, I think is within where it should be.
There is not much further this can go, to within another £1 reduction, and that would have to be a real extreme! The upside as I have mentioned before (in my opinion), is far greater than the down.
Have a little faith, remember why you bought the share and if looking at the current price affects your mind set, take the advice from other posters, take some time out and get on with other things.
Sitting watching the price is not going to help you.
I am confident in time the price will improve and so will this business. I believe the business will be a lot leaner and meaner and more than likely profitable in years to come.
The CEO would never of been able to make the cost savings that he is currently putting in place, with the existing workforce, but the covid event has now allowed for this. It could well be a blessing for the business, but it has come at a cost to people lives, which is a terrible thing.
Good always comes from bad, that’s how life works.
Arsenal17, I wanted to start by saying it is great to have you on this board. Straight to the point, writes with experience, knowledge and conviction and tells it as it is, thank you.
Now onto my post, my thoughts are if you read & believed all of the doom and gloom merchants out there, they would have us all staying at home, never going out, glued to an electronic device.
Human beings need interaction, they need to socialise and be with other people.
If it was left to the likes of the social media technology giants out there, we would never leave our homes, only buy online, what a boring world we would become. The fact is, we would not need to buy anything, as we would never go out, so no one would win in that situation.
Once covid is under control, lives will resume.
I have been travelling for many years on holidays and business and you cannot conduct fruitful business meetings long term through the internet. Face to face contact, personal relationships in business, is the key to success and this can only be achieved in person. Meetings are conducted in a variety of ways, in many different settings, and to do this people need to travel using different means of transport.
Experiences are so important to people nowadays, and again travelling to different places all over the world, can only be achieved through travel.
Air travel will always be needed, admittedly short term it will be less, but long term it will probably come back even stronger than before (in my opinion).
Over time we will look back at this period, just as we have at other catastrophes and good will come out of the current bad situation, we currently find ourselves in.
DYOR, good luck to all.
Keep calm, as mentioned by other posters, it is prudent and encouraging to hear, that the management are regularly reviewing its cash flow & balance sheet etc, if it wasn’t, I would be worried!
I accept it is bad timing that a third party presented a story into the market, which forced RR to come out with a statement, as other posters have also stated, not ideal on a Friday afternoon, but if you their read their statement carefully, they have kept it short and brief and to the point.
I know this is stating the obvious, but there are only 2 ways this can go i.e. the share price can go down or up, more than likely temporarily down, but then up I believe up, is inevitable. In terms of downwards, there is not much room for the price to go down much further, but on the plus side, there is plenty of room for the price to go up when things start to get back to normal.
Even if the share price falls further, once the world wakes up and the money cycle of business reignites, RR will be in an excellent position to capitalise on this. Good always comes after a period of bad, it’s how life works, bad does not last forever. It never has and never will.
As time passes the medical sector will evolve and adapt and the coronavirus will come under control. The world will eventually find a vaccine and they are already finding drugs that can be used to reduce the impact on the bodies ability to be able to fight the virus.
I intend to watch what happens over the coming weeks and months, I always find these situations fascinating to watch, but one thing is for sure, I will not be off loading my shares in a distressed sale. If they do decide to take the share issue route, I will be topping up, which means even more profit when the share eventually rises.
Have faith, stay strong and remember why you invested into RR in the first place, they have too many options available to them to fail!
Using the words of another poster – “Solid company with value engineering expertise. Demand for this will be stratospheric when recovery happens”, could not have summed it up any better, so felt that these words should be repeated.