Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agreed. The sp will go up and down it’s what it does. Different types of investors and traders and different strategies. We should see lots of selling from those in at 1-2p. The key is now the assy results. How much Cu and is there any gold. The sp predictions all hinge on this data. Let’s see where we are at the end of April
The recent drop and lack of rise is due to the social issues in the local community rearing its head again. Investors are clearly weary of production being interrupted again. The oil price can rise to wherever it wants but if they stop production they are not generating any revenue. Really hard to judge the situation in the ground through the limited reporting available. If this is just rumblings and the work PTAL are doing with the community helps then the sp will rerate as the situation improves. Due to the lack of info it feels a bit binary now as could go either way?
Maybe they just issue the RNS when ready to do so ie have some news and have written it up. I think it’s the timing of the RNSs is irrelevant. Take a step back and look at the big picture. Big investors will be talking to the company directly
I think any weakness in the sp towards 30 gets bought up so could stay at this level. As a holder I’m not going to sell now to try and get a few pence lower. Trying to get the timing right with the usual spread means there could be little benefit. I’m usually wrong so will buy more if the opportunity arises at lower prices
I think I remember Tony saying the aim is a billion dollar company. That would be a share price of just over 50p. We all the proceeds from the latest deal dilution should be far less so a feasible target in the long term
They literally have to through and sign hundreds of pages of legal documents. All have to be drafted and reviewed by the lawyers first and then both sides need to sign. Easy to see how Covid can slow this up and not as easy as locking teams away in a room for a week to get it done quickly anymore. Frustrating but that’s the process and it’s necessary when signing deals worth hundreds of millions
Whilst the rising copper price is fantastic for the long term I don’t think it will have much affect on the sp short term as next payments for the SPA and PT WIN IPO are fixed. However if the copper price is strong when PT WIN lists at the end of Q1 2021 then this should have a direct impact on ARS sp given the 22.5% stake. We just need to see the deal progress now to realise fair value
SP went to 1p during the market correction in March and has been recovering since based on the true value of assets now highlighted by the latest deal. It should easily double from here given the value of the deal but it seems the market wants to see cash in the bank first
We’ve has a couple of placings since then for approx. 150m shares which is about +15% in total so some small dilution however copper price is higher now than it was then although it did touch just over $3.4 that year. Looking good to retest those highs if the economies remain stable with steady recovery/growth and copper price continues rising
Wouldn’t surprise me to see a retest of support at 3.8p. This will either rise in anticipation of the deal SPA into Nov or hover around the support and then jump up on announcement of it completing. I’m not fussed either way as the value will still be realised however we get there (assuming no issues with the DD of course)
I think those are my buys. Bought 3 tranches this morning between 3.96p and 4p. Value of the deal has not been realised here. Copper price direction only making this more attractive. SP consolidating nicely and should break out soon either in anticipation of the SPA or on approval in the next couple of months
I agree TradePhoenix with your view. The fact that Accustem won’t list for up to 2 months will put some people off (not everyone wants money tied up right now). I don’t think Tiziana will drop much if at all (it’s already gone 1.20-2.00-1.60 this month) so there’s enough movement in the sp already without the demerger taking place. However the near term news flow should drive this higher regardless as TP and PSB point out.
Hopefully another double digit % rise
Greend, I agree there has been some positive news around mAbs and DT but I can’t see it driving this rise as we haven’t even been told the trial in Brazil has started yet. Given we won’t see results until end Q4 earliest that’s some time away on the AIM market which has felt like its leading the US (until the last 30 mins!).
I am personally not reading much into DTs comments about Regeneron especially when he took it with at least 2 other Covid drugs. We need the Formulab trial results from Brazil to confirm if effective
Demerger of StemPrintER at the end of Oct is driving this rise!
Nothing ever goes up in a straight line but you’d be mad to trade this between now and the demerger (end Oct) as that is what is being bought in to. Profit is profit though and some traders goal is to make 10% and leave. Easy to do that at the moment but why not hold when the reward is much greater