Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Totally agree with those sentiments and fears
I like your enthusiasm mate and i was thinking that last month but now looking into things a bit more i doubt it. The average share price of the four year period leading up to Feb 2020 was approx. £13 during a time when it was making around £450 mil profit a year. It has just announced 1.2 billion loss and i would hazard a guess that will be closer to 2 billion+ by the time their is genuine significant upward momentum. On that basis it would need at least 4 years of stellar performance just to pay down the debt it has accrued during this period. Yes it will come out an even leaner but this is a longer term play i feel. I dont disagree that it might keeping ramping up on the good news but one suspects it would eventually come back down to reality. i think a gradual ramp up to approx. £10 over the next 12 months is probably about right i hope i am proved wrong.
Yeah I’m bullish on this share over long term but other poster is right this was in the 9’s just last summer , so I am now not sure it warrants that price range given losses and still plenty of time / risk to get back to any sense of normality. Will buy back on dips.
FY2020 tomorrow!
I guess the question on my mind is will this take a hit tomorrow when the results are published.... sell and buy back an option.
Another depressing board with people talking shat and ****ging each other off - was hoping to come on here to discuss actual state of the business from a fundamentals perspective from people who will have done a lot more research than me - but i guess that was always wishful thinking.
Gents - i would appreciate some comments from you. You seemed to have nothing but constant advice on the way down - much of it taken on board by a lot of people. Im not saying your commentary was not relevant (or indeed wrong at the time) but it is striking that there is not a similar volume now???
Feel a complete c u next Tuesday for having averaged at £3.20 and sold at £1.22 having said i dont give a you know what its a 5 year gig for me. I have to say this is my first experience of manipulation (which this is) and i'm appalled by it. You can bet your ass JPM having but out those negative statements have been getting punters to fill their boots.
For simplicities sake, if i were to buy back in (lost 8 k when selling out last Thursday am) with say 1k when share price is at £1.20 before the RI what would i then have to contribute for RI if things remained the same?
Be great of one of the negative ninnies can get their head in the RR books and outline the running costs of the business on here for me Do My Reseach :). Id love to know where they can take some drastic action. If staffing costs are gonna kill the business in the next 12-24 months , lay off half the workforce with effective immediate... yes sh*t for them but at least some of them would have the opportunity to come back in the future if the company survives and when things pick up if they have not found something else by then. That would certainly push the government to bridging load and next to nothing interest.
Am up to eyeballs in RR driven by heart not head on way down (yes not clever..) - we have much bigger issues for UK PLC if we loose RR. The Government should i agree be ready to step in with a dirt cheap loan at the very bottom to protect this one of very few remaining strategic assets, but there is no benefit to them doing that until the brown stuff really has hit the fan - its not their job to protect muppets like me investing on the way down. There is a noticeable increase of LH flights this last few weeks in and out of London, check out traffic in Asia (China) on Flight Radar and now ploughing back through the Middle East. It will be a long ride back with yes lots more pain no doubt, but id rather loose all my money than sell out now RI or not.
So, on March 18th stopped to take a call in street from a good mate who was having a shocker on his shares as C was unfolding, told him ive been thinking of dropping 8-10k on Will Hill in the ISA (have a few k in SIPP) as it was under 40p which was totally crazy. At that moment i turned around and directly opposite me across the water was a Will Hill shop- i said mate youll never believe this - he said its a sign buy it follow he signs (he one of these spiritual nonces). Got home got stuck on a work call and didnt then a few days later when it shot back up to about 70+p i thought argh missed the boat. Rule 1) follow your gut Rule 2) dont think because you have just missed the absolute bottom you cant still make a shed load more. Ive just watched 80k profit pass me by in less than 6 months whic will take me 5 years to save up... sickening.