Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think the share price reflects exactly the level of confidence in the company at this time.
The BOD are clearly good business men, but they have made mistakes in managing expectations over the FSP, plus of course the infamous 27M shares debacle. In my view they haven't been as clear as they could be about intentions and that is being spun by LTH's as playing their cards well and close to their chests. That could be true, but they could also be out of their depth. Time will tell.
I actually think the latest RNS's were pretty positive, but they still don't convey clear messaging about the companies direction, just more cryptic words which leave lots open to interpretation. That to me, can be read as playing for time or playing a good game. Again, time will tell, but the share price always reflects investor confidence. This is a medium term game now in my humble guess.
It's not an objective board. Chock full of agenda's masquerading as your best friend. And they have the cheek to deflect that onto the MM's.
I read other LSE boards and some are great, this is not one of them.
Frankly, I don't trust any of the board regulars as they are highly manipulative people, which is kind of beautifully ironic when you think about it.
This place is a slow descent into madness I'm sorry to say.
Genegenie, I think you've posted very wise and sensible thoughts on the reality of what might happen.
Very plausible in my view. JV is what is suspect, and perhaps a small special dividend (20p) for all the special divvies expecting to be millionaires..
Plus, I guarantee to you that half the loud mouths on here are doing just that (profiting from the peaks and troughs) while pretending they are holding onto every single share ad infinitum.
I believe there are a few disingenuous people on here who masquerade as 'real investors' and they are playing this board very well.
At the end of the day, it's a profit game and people will do what they need to to maximise their own wealth.
Don't believe all you read, that's all I'm saying. I know people very very well, and they are the same in all walks of life. They will chuck you over the cliff to make a few quid, while pretending they are your best friend.
Cynical? Yes, but better that than gullible and naive. Make your own investment decisions and don't follow the so called forum leaders.
It always does this on half baked news. Yes, the news is potentially good, but it's a carrot and not concrete profits....yet.
So in the morning it opens up a bit higher and then slowly drops during the day. The trick is to sell at what you think is the high, and then buy back on the low just before close (if you aren't expecting big news of course...).
Hence my post yesterday predicting the price anywhere between 28p and 35p today...
Not convinced by this market makers keeping the price down. Sentiments drives the price up or down. Yes of course there will be a little manipulation here and there, it's their business, but blaming every single price drop on their manipulation is ridiculous. It's a penny share, not that popular (in the scheme of the world) and highly volatile to sentiment from amateur investors.
Plus there are people buying and selling to make small profits regularly. Not everyone is holding this to the end game.
So yes, prices are set to make a profit from the spread, but MM's make money whatever the price, that must be remembered.
I'm listening to sharebel, as whatever you perceive them to be, they make some good points. Now stick your fingers back in your ears and ponder on your next rampy post so you can make some more cash out of unsuspecting new investors.
I have to agree with the thread starter in that there will definitely be people ramping this to sell. They've been doing it for months. Ramping, selling, waiting for the dip, buying, ramping, selling, rinse and repeat.
Which is all fine and dandy but very disingenuous if you give the impression of being just sat on all your shares for years.
My advice for what it's worth. Trust NO-ONE and make your own considered decisions. This lot would throw you off a cliff for a small profit, like Lord of the Flies..!!
Whatever most of the big time Charlies say on here, nobody really knows what it means, but it does look positive. That's all I'll say.
Expect a lot of smug / loudmouthed / ****y / toldyouso ramping and posturing, but the truth is none of them know the truth, whatever or however they like to dress it up as.
Won't stop them waffling and excitedly shouting about dreams of everlasting riches though.
Some people live in their own delusion above a chip shop / takeaway, but portray themselves as experts on here.
Life seems to be about who shouts the loudest and most tenaciously. Hence the pirate theme and eternal rubbish that is recycled on here.
But to finish on a positive note, it does look good for investors, that's as far as I think any of us should be going with predictions. Won't stop them though..
It's a good point, there are so many connotations from this, but it looks on the face of it to be very positive.
But who knows what will happen, though I suspect whatever happens from now will be profitable for investors.
I'm very pleased they have released an RNS that actually means something after many months of vague statements.
Looks good, so credit to them for giving out some good news on 'strategic options'. Clearly that was why they were being so cagey.
Look forward to the share price action next week..
I'm not sure why we talk about DLA Piper and UBS working tirelessly. They could be working sporadically due to delays and slow moving legalities / processes.
It's not helpful to give the impression they are all working at full capacity because that alludes to them being slow at their jobs.
In reality they will work when there is something to do, and in the meantime there will likely be patches of waiting for other parties to do their thing. I'm other words it's complicated, slow and a bit like selling a house, lots of waiting for everyone to do their jobs in a timely manner. Plus of course, any corporate gamesmanship we are unaware of...
They need to get better at regular updates though, be more open where possible and stop hiding behind NDA's..
The phrase in the RNS that concerns me is 'strategic options'. It's a bit of a non phrase in that it sounds good but doesn't actually say anything specific.
It's a phrase I cannot get out of my head, because it potentially moves away from FSP to something unknown.
Words are chosen very carefully and we all read into them in different ways, so it's not stupid or twaddle to suggest anything other than blindly positive, just because a few loud people say so.
It's good to question, it helps us make considered decisions in life.
To be devils advocate, aside from a few well worded vague RNS's, we don't truly know what offers are being considered or indeed whether any were deemed acceptable. Everything is hidden behind the cloak of NDA's which I find a little concerning.
All we have is the fairly consistent share price, but we know nothing, zilch about offers, or how the process is proceeding. We need some real meat on the bone, otherwise it's just hope and a prayer.
I think the trouble with NDA's is they allow companies to stay secret squirrel which can be viewed as good or bad, and therein lays the problem. We need something tangible, not empty promises.