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What exactly is a Capital Markets Day? Does it mean they're considering one of my previous suggestions and getting their arses over to London and starting to sell the share? Do they offer shares at a discount? Long term agreements? Is it to further raise cash for Capex projects and will it dilute the sp further?
Do any of you more knowledgable posters have a clearer idea?
Cont, just a question on this business of buying cheap and selling high, why are you sitting here if you managed to buy really cheap cos 12 months ago we were at £3.51. Did you miss the boat also? It is a fair question. I certainly missed it.
No miner or leading miner has achieved that in the last 40 years of production. TZMI and Iluka have constantly got it wrong. 'Proactively manage supply' - what of bolonium?
Only way Iluka is managing at present is that Rio are having such problems in RSA.
They may try to keep the prices where they are to pay for Jacinth Ambrosia re opening, but Trump and the Chinese economy will determine prices......
Cap, thats a fair answer. Couple of questions though, are we confident that KMR are selling their 8% of the global market or giving it away? This issue has come up before in terms that their sales revenue also seems a little behind the curve. I agree about dividends. However I am not in harmony about this company staying under the radar, as Ive said before if its stays under the radar much longer it will have missed the cycle upswing.
There are articles appearing which Ive no intention of posting stating that zircon prices have peaked!
Cont, I don’t need to ‘get on or get off’ as you suggest. There are many more choices, such as sceptical holder, reluctant long termer, disillusioned but hopeful holder. I like you am entitled to my opinion and will continue to voice them in a reasonable manner. Pays your money, takes your choice. This board is not a Brexit cabinet where the doubtful need to be weeded out.
Cap, There is no doubt that there is something crucial that we don’t know about. For a sp to behave this way against the market, against the improving news and much better figures is a mystery of untold proportions. About 12 months ago we’d seen £3.51 & all we’ve had is good news since. Either something we don’t know about or incompetence of the highest level on behalf of KMR’s publicity dept.
Another million sold yesterday Buck!
What do we not know about KMR?
If you don't know, you gotta think have I been suckered here, or worse, have I misled a load of investors...?
Excuse after excuse after excuse, it must get wearisome.
I doubt very much that those Orangemen over there drink cocktails.
All forecasts don't take into account Trump, unsettled Brexit and falling yuan. The cycle is usually once a decade and TZMI and all the other gurus said the same thing in 2011, i.e 5 years of increasing demand and tight supply etc etc etc.
Ample availability and soft demand turn the tide for titanium dioxide prices.
Spot prices for titanium dioxide in Europe have been easing at the start of quarter three, traders report. Prices are under pressure from ample Chinese imports, with buyers reporting material is easy to find.
Industrial Minerals assessed prices for titanium dioxide pigment, bulk volume, cif Northern Europe, at €2,650-3,100 per tonne on June 5, compared to €2,800-3,200 per tonne a week earlier.
The market remains heavily dependent on imports, but those are proving sufficient, particularly with most coatings companies already stocked up for the summer coating season.
"There is no shortage at all," a buyer told Industrial Minerals, adding that demand from coatings companies was, "quite soft really."
"Prices could stay in deep freeze through quarter three or even quarter four" a European dealer said.
The yuan has fallen significantly against the dollar in recent months, plumbing 11-month lows in early July, which makes material more affordable for non-Chinese buyers.
On July 6 the yuan stood at 0.151 to the US dollar, compared to 0.159 in mid-April, a drop of over 5%
Think you're wrong about 'many would find 60% above current price a fine opportunity' A very small limited few might! There hasn't been a lot of day trading in recent months. And 60% above present is below 12 months ago without all the current feel good news. Think you've misinterpreted the long termers & to be quite honest. And after all the years of optimistic statements from you, & ramping from others, it would be a major disappointment for many shareholders. But then not everyone is as astute on the buying front as some.
Everybody knows this Buck, figures were decent for 2017, forecasts good for 2018, and yet the sp continues to fall! Call me a gob..ite or a dolt but why will anything change on the next set of figures. Face may be right, someone knows what we don't! And why are millions being offloaded?
So based on the ilmenite trend, KMR sp has missed the boat & we're on the way back down. F... me, what's the point of waiting for H1 results! Oh and currency fluctuations - that's a new one. Basically Cont, you'll say the first thing that comes into your head or repeat the last thing Buck has just said. Remind me a little of a current US president.
An unworthy post from someone who has contributed so much sound technical information to this board.
Rampers like Contango who mislead need to be called out.
There should be no 'with us' or 'against us' here. I want to query the performance of the sp in the last year and thus KMR's publicity dept?
No one has given a satisfactory answer yet - forget the illiquidity line.
Going back to Conts big forecast of £3.60 by end Q3, on 27-9-17 we were at £3.51. So after all the good news about the industry in the past year, KMRs improved figures for last year, the imminent improved pricing/profitability figures for H1 18, Cont has made the huge forecast, this time, that at best, we can be back where we started. F...ing genius at work!