Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Im taking a the view pokerchips that they will try and rinse and repeat a couple of times in the same range as yesterday, but it is a very dangerous position to take with the price already being so low. Good chance the shorts will get burnt at some point on this one
there's definitely plenty of positives in this share jimdson, and anything below 350 and I will keep buying at this giveaway price
pokerchips; odey couldn't afford to short LLoyds!
Sorry Loc to keep talking about shorts but its pretty clear this price is being heavily manipulated to a lower than the real value. Every time it gets to 360 they punch it. End of the day though its costing them money to do it and it could go either way. they could be retaining an entry point before a large rise to a sensible price or trying to get it close to 300 before they close on mass. Either way as far im concerned 500 is the base entry point going on the placing valuation and nothing ive heard over the last few weeks has changed that
yeah I'm not convinced there is a big move going on here. Shorts rely on uncertainty so pulling this after a trading update and a board shuffle when they know there wont be anymore immediate updates gives them a window to play with. Time limited though and possibility of getting burnt
hereshopin; a lot of long term holders are suffering on this share so any profit and support on this share is welcome. lets get back to a sensible base line of 500
too right kingsteve. Started to look like a very good day for those who bought at the bottom. expecting this to pass through 375 today/ tomorrow and continue to rise
Peter have you considered the vast amount it has cost the shorts to get it to this position? they are going to want to capitalize on that rapidly! watching my buy grow, 10% today would be a good days trading
thanks cuddothis now! The short argument is very lightweight on this share. Will watch my buy at 3.30 slowly gather interest through out the week. even 500 is a giveaway
pearls always surfaces when there's a potential short position. Often too late though as shorts only have so much money they can burn until they need to buy back
Peter at this price Im willing to buy all day. To think it would have been possible for the average trader to buy this so far below the placing offered to the select few!
cant believe just managed to buy this at 3.30. Will be sitting on this one for a few months and cashing in once the loan books are sold. GLA
goldy it will be 5 plus in the next hour IMO
bennyson; if metrobank sell the loan book the shares will rocket and its been speculated this could be announced by Wednesday, which begs the question whether the shorts will close some of their positions over the next three days?
I think odey and shorts have got bigger fish to fry with asos about to plunge through the 2000 mark!!!
SP; before we get too excited about buys the question is; Do the short sellers smell blood?
looks to me like the last few days have all been about creating a market entry point before the rise. This is ridiculously cheap! GLA
back to 499 by 4.30?
The thing about this share at the moment is it is so unloved by the traders, making it a short sellers dream. they can run the show without much opposition and none of the major funds will touch this until we get close to end of year results and improved performance. I personally think the long term potential is great but the major players will use their money elsewhere to make money in between. all my opinion
yes 32p was the last time but I belie the same people shorting the share are trading it and reinvesting the profits. to put it into context a couple of weeks ago I made 15% profit over two rounds of trading between 50-54p. It then appeared there was consistent support at 49p until they pulled the rug and we are were we are now. I believe they have the funds to drive this down to 29-30p, short term of course. all my opinion