Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Quick version (from what I understand):
DA and a few others (inc WG) were in a premium chat regarding SYME - DA highlighted share ownership wasn’t what was believed by most on this board and cast some other doubts in general regarding SYME with some well argued posts - these were all out on the public BB with accompanying screen shots.
Then basically he was found out to be a little loose with the truth by the more studious members of the board.
AZ has now threatened legal action and all is quiet on the western front (for now)
I for one still appreciate WGs contribution and some of what was highlighted is actually useful for us PIs to know
That’s a very naive statement ‘ex employees generally don’t lie’ - yes, actually they do - ex employees tend to be disgruntled.
Still think the reason for the drift Is the lack of figures and names - I get there is some impact to SP with large buys going through after hours but to keep blaming the SP on MMs is getting a bit tiresome.
Once the numbers and names become clear I’m sure we’ll see some movement, until then there’s little point on second guessing the SP imo, if your fortunate enough to be able to top up at these prices then happy days (IMO) but spouting conspiracy theories just gives the trolls/de ramp crew easy ammunition.
I’d be v surprised if the SP wasn’t beyond the option price come EOY, October is historically a poor month for share prices without all the headwinds the markets are currently experiencing.
There’ll be a decent bounce as we move toward year end are more news start to solidify with proper details.
Just my opinion tho
0.42 here, been toying with it this afternoon and decided I don’t want to feel like I could have got a few more and passed up the opportunity
I’ve probably been one of the LTH investors here that has become a little concerned with market reaction to the RnSs that have been released and the lack of positive movement.
To be fair the de ramp crew have helped me rationalise this by acknowledging the obvious that they haven’t contained any solid news on companies on boarded or money made, and as mentioned - this is obvious and shouldn’t have been expected until now.
The de ramp crew or those with a pessimistic outlook have now jumped on the ‘there is no news’ band wagon... and again this could make you question your investment, BUT, we know what is coming, we know the work that is going on in the back ground, SH, captive bank, the list of big investors now behind SYME, the pilots in the UK, US and ME - this hasn’t changed and is only building.
Anyone selling now is doing so with the belief now that the business model does not/will not work...
We haven’t seen/heard anything to suggest this, infact the opposite, and current situation with the worsening (seemingly) pandemic will only further solidify a market need for SYMEs services.
I occasionally have that niggle of doubt but then I read WG or APs posts or a couple of others and remember why I invested in the first place, this share has serious legs and I don’t want to be missing out or buying in when FOMO has already reared it’s head.
Gl all
Catch out anyone that’s sold to go trade RR
Topped up again this morning at, what I would view, a decent bargain.
We’ve all known for some time this needs news, the news is ‘due’ by the end of this month... time is ticking - I’d recommend holding your nerve and see what comes, but if you’ve invested with money you can’t afford to lose then you need to rethink your investment strategy before coming on here to bemoan a small drop today - as mentioned market volatility this week and today is huge with all the headwinds currently.
Hold your never and await the golden ticket ?? (Thankyou Seadoc)
But Ofc DYOR
In amongst a sea of buys - Can’t see any news hitting the SP, just the big sells then...?
Rather than ‘we are looking at an exciting new opportunity’ what we actually need is something solid on what’s happening so far.
Dangling carrots only works for so long and clearly that has started to dry up - needs solid information on money made, clients, investors etc.
I’m starting to wonder if but end of October’ is soon going to be end of nov/dec
I get the patience (I am a LTH) but less is more imo unless your actually talking about the results you’ve stated will be here
Unfortunately it’s just being traded currently, fairly nice comfortable range it pings between which is ideal - LTHs just need to sit on your hands and ignore it until the RNS with figures and companies signed up is released and then we should see some decent returns
Looking at shares traded and it’s a see if red... is this correct or?
So AZ doing a talk today, that’s different - not sure it’ll add anything sustainable to the SP - need those initial numbers!
Any company that has entered America has always done very well...
Definitely the opposite is closer to the truth for my experience - not to say that the growth potential is absolutely massive but - the American market is not easy for foreign companies, and has always been the case.
Still, competition is relatively small (apparently) and the amount of inventory available enormous - let’s just hope there is the demand that we all expect
So... back to some normal conversation!
Are we still expecting an RNS covering off storm harbour and some of the other updates that were cited for end of October?
What’s everyone’s opinions now?
Small nod to the competition already in the market place - doesn’t detract away, just means the demand is there - such a massive market there is clearly plenty to go around ??
I saw mentioned that this was confirmation of the platform being launched - just to highlight the RNS specifically states that can go ahead with the Pilot now (last paragraph).
This is still superb news and still isn’t the whole picture (that we are all patiently waiting for!).
All of this continuing to add up to massive potential growth in the mid/long term, hold for gold still imo