Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Doing a bit of research/keeping in touch with company news pays off. Those who did not want to wait and sold late Friday or early Monday got 2% more than those who are just realising they want to sell their shares now, but they might wait a month for the cash.
If folks will miss KAZ and want a share with similar sp growth then checkout Glencore as their chart is similar. I do not hold as I am too keen on XTR and JLP. If they jump then the KAZ takeover will have been a blessing in disguise for me. Did not sell earlier and missed recent JLP rise as I believed the offer would be rejected and sp would have then gone to £10. Hey ho. Patience.
Barclays filled my 100k limit order at 7p, so is possible.
My understanding is that you can sell in next 2 weeks. I sild all mine this morning to be able to buy JLP and XTR as they could step up soon. No point in qaiting for the cash. Only got 866.5 but that is ok for the convenience.
Hash, I wondered the same but a quick Google finance comparison of KAZ with Glencore showed their sp growth over time to be a very similar chart. A possibility for you?
When he was asked which of Jubilee or Sylvania (both he held) he preferred he did not want to say. Jubes sp growth has steadily been twice as strong as Sylvania over past months so his thoughts are obvious.
We all thought this company would be valued higher so I am assuming there are people who want to pick up our shares and become private part owners.
So, why did the SP jump about 4p at the end of trading today? Is there a demand now the takeover is happening?
To give him his due, he did later refer to Jubilee as a waste miner, so not ignorant of the fact..
I was one of thise 10. Now pleased to see a tick up.
Cloudy, thanks for reassurance. No, my Barclays system does have "no" as the default but I was assuming the button has to be pressed to activate it. Yes, what you say is logical, I was being paranoid.
Nodoubt Nova have extended it to hope more who didn't get round to vote first time will vote yes. A pretty vain hope though. Offer should have been much higher, as has already been said, "a miser always pays twice".
GLA
Can someone comment please? Is there a trick going on.
Back in early March the date to vote by was 8th March I believe, so I voted against. Then a week later I get a message that the offer has been revised and on looking at it I see the price offered has not changed but only the vote by date which is later. I voted against a second time.
Must holders vote twice to reject this? I am concerned that many will not vote twice (against) and the offer could go through by stealth.
Am probably being paranoid but it was a worrying doubt.
Thankyou Mr Bigshot. Have just sold 30k at 16p and put a limit order in to sell 30k more at 16.4. Would never have done it without your very helpful advice (!!!!!!!***$). Now please tell me when to buy again.
Casper, why are you saying it is a non profit vaccine? I heard them on the radio commit to supplying to poor countries at cost, but not to the more wralthy countries.
My KAZ shares are up 8% today and there seems to be lots of talk about coating doorhandles with copper or brass as it is antiviral (I have seen it stated that Covid-19 can survive 2-3 days on surfaces but only 4 hours on copper).
Does anyone know if JLP produced metals have antiviral properties? Platinum is used as a catalyst so maybe?
It would be a bit pricey but at least it would stay shiny and not tarnish like copper or brass. But maybe it is the tarnish that has the effect (try licking a tarnished copper pipe -yuk!)
Perhaps they have just discovered that viruses die when they come within 10 metres of it!!
In my past experience at every placing announced when dilution occurs the sp has then fallen Below the placing price. Could this be the first time I see a placing above the current price, bearing in mind it is priced to fail?
In The Jupiter presentation he mentions they have a large contingency to get them out of unforeseen problems. I that the £180m six months do you think?!
Downbutnotout, that is good advice but it is often difficult to have discipline to follow. Best way of course is to set stop losses and sell orders etc and stick to them to let the system apply your discipline. Ok we all feel sick when a stoploss triggers after a big daily drop only to see it go back up again, but that is often a sign that a much bigger drop is likely over the next few days if the sp is generally falling. I am typing this to try to ram this discipline into my own head as I have been bad at it. Must sit on more cash after peaks to be ready for the troughs.
levelhead, Would you like to comment on what how much you would invest at 1p, and what you would do after you have bought at 1p if the price fell to 0.5p?
Just interested in hearing other people's strategy.
The big problem of holding shares with a falling sp is how it screws with your mind and gives you stress and sleepless nights worrying over losing your hard earned money.
One way of keeping sane when things get bad it to sell half, then if it falls further you have avoided a bigger loss and if it improves you gain on the shares you kept.
Just trying to help those who over invested sleep at night, on SXX I feel it is now too late though so am holding what I have left as a gamble. Glad I did not trade in the pension for this!