Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“I sat here first”
“No! I sat here first”
“No, no I sat here first”
“Fine! I didn’t want to sit in that stinky seat anyway!!”
The above was a heated discussion between my 3 and 5 year olds this am. It sounded familiar.
I agree. Everything about the update screamed “we’re almost there, but not quite yet and will need more money to get there”. It’s not uncommon for such update to be followed by a raise within 10 days (giving us the ‘heads up’ first). Just my opinion. Still holding however and believe this will come good some day.
Everyone who posts on here has a ‘position’ whether they already hold shares, or are just watching waiting for the right time to buy or sell their shares. It’s not correct for some to suggest those who do not hold shares ‘do not hold a position’ and consequently are not allowed to post their own opinions. If QBT, or their resident cheer squad don’t want negative posts, the answer is simple; QBT provide a positive update to answer the critics. Unless QBT don’t actually care about any posters on here, or the current SP of course 😉
Looking at this objectively, the sp is bound to keep sliding down where (a) cash is being burnt every day; and (b) there continues to be no news and / or revenue. We’re not in trouble yet, but the board will be acutely aware of the need to action (b) to reverse the impact on the sp of (a). It’s common sense and basic business forecasting / budgeting at the end of the day. This will dramatically turn for the better soon, it has too, so no need to panic just yet. As you were
I welcome a short position on no news - means (a) they are likely covering a long position; and (b) I can average down in readiness for the inevitable rocket on news. Everyone needs to look at the bigger picture. Not all gloomy down here 😌