Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The fact that there are bigger gambling companies who see 888 as an attractive acquisition at a much higher price (and that’s now public knowledge) may be enough to move the needle anyway, especially if it encourages hedge funds such as Marshall Wace and Glg Partners to reduce or close their short positions.
I think timing is the name of the game atm, here and elsewhere. Once new lows have been achieved and stop losses hit, there’s plenty of reward for the brave, but it’s all about intelligent timing of your buys. I can’t see 888 dropping to the level of the VIP accounts scandal earlier this year, but there are other uncertainties now. 888 set the bar quite high with revenue and EPS forecasts for 2025, before raised interest rates, reduced customer discretionary spend, stake limits and affordability checks were such an issue (although these factors had been anticipated and preemptive measures taken), and a series of profit warnings and broker downgrades could send retail investor confidence spiralling, especially when comparisons are made to Cineworld and the so-called “Everest” debt mountain.
Glg joining the shorting action with 0.53% declared 17 Nov. Should be interesting. Shorts increasing, while I’m very cautiously rebuilding a long position. Hopefully they’ll push the price down so I can get a really low average.
““Key drivers behind this performance include investment in photovoltaics, power grid and 5G networks, growth in consumer electronics, and rising vehicle output,” the analysts said.
Despite record amounts of silver flowing into industrial applications, investor demand remains a critical missing piece of the market.”
Investor demand won’t be far behind. Good times ahead for Fresnillo imo
https://www.kitco.com/news/2023-11-16/Silver-market-to-see-record-industrial-demand-outweighing-lackluster-investment-demand-and-ETF-outflows-Metals-Focus.html