Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
JUst been looking at CEY results..tbh haven;t been following closely since i jumped ship. Maybe results priced in but looks awful surprised even paying the cut divi. 85 percent free cash flow down etc etc....I had way too a high buy price last year on this when they were 230p at high and then the pit wall and the price cratered...i jumped ship with the shirt i came with(even) and my profit evaporated. I learned a lesson about single source mine and any talk about other projects as pie in the sky. Turned out to be correct decision as the price continuted down. I am surprised to see it still above 1 pound and think it could drift much lower. I know where i would rather be POLY and FRES which is where I am both FTSE 100 and both past good updates with good gold and silver prices and MULTIPLE Mines and new ones coming on board very very soon not pie in the sky in Africa or some such
Recorder you are getting your posters mixed up i was calling out Apendragons post as drivel. I have not sold a single share.
He's just a quick time charlie bought in at the lows and checked out just as quick....he hasn;t the foggiest idea what's going on with Fres at all. The post was nonsense about silver crashing back to the teens and costs at fres out of control. He hasnt even read the dialogue on this BB let alone the recent positive update.
What a load of ignorant drivel lol
I am afraid you have to fave facts - fres is bargepole. Costs are out of control and now the silver price is crashing back to the teens, probably a good time to dump. Managed to get out at 828 with a small 5% profit.
It's quite clear to me that FRES is another POLY. That is also trading way below where it should be. Get a silver squeeze and /or a rise in gold and the "market" will be falling over itself to buy both especially Fres around a silver price hike. They are both FTSE 100 companies perfect for the institutions and retail punters. As others have said this share moves like lightning when the winds become favourable and the city boys fall over each other to profit from it. It's quite clear the "market" aka morallees city boys doesn;t do value investing they just want to pile in at the last minute ride the train and jump off. It suits them if the price has dropped to advantageous levels so they make even more bunce. We all know their nefarious practices and it is what it is....FRES is a fabulous company in a fabulous position regardless of what the SP currenty sits at or some over blown commodities analyst says who either couldnt find his derriere with both hands or is just someone in his institutions whipping boy
JUst revisiting this and shocked after the BS SD with less shares in free float this has not even achieved the price just prior to the consolidation. With the debt level (that could have been wiped) and still a pension deficit this is one to swerve it's not going anywhere. As i have said before i hold the BoD suspect after the BS SD and consolidation and have no faith...see ya
y11-shx .
You sold TSCO at 235.4 and intend to buy back at 232. At the end of the day, on a 1000 shares , you will end up in profit of £10, your broker and HMRC will make £12 each. I am loss to understand why you wish to do this exercise for such a meagre profit.
The simple answer is a lot of people who own tesco shares are as daft as brushes. The comments on Tesco BB are unbelievable just seen someone asking payslip/payday questions, STREWTH. In the run up to the share consolidation the same question time after time re the SD when the answer was sometimes a few comments below
I've been in and out of Fres for many years and i can tell you straight 800p based on current gold and silver and company performance is laughable to the point of lunacy. So either the analyst is wet behind the ears or is being told what to do
No need to explain..most analysts are either incompetent or are a tool of someone else's agenda. Often even worse are things like Fool articles mostly fitting each company into a standard template saying absolutely nothing and leading to a teaser that more insights are available via a subscription which I doubt say anything very special at all. Occassionaly you get a good one from someone who actually takes a position but most it;s just Bull Leavings
The way this market is in future I am just going to buy after the results are in and save on the anguish...i could have bought for less than my average (which isn't even mid 800's) this morning. And exactly the same for POLY post results. I thought the early bird was supposed to catch the worm but not here in this clown world anymore
I tell you what i am sick of...the market hanging on the words of that clown Powell like the Yellen creature before him and ad nauseum. Remember Greenspan a man so boring he could make paint dry quicker with looks like that of a 3000 year old egyptian mummy. ANd what did he say when he left office ....Gold just like JP Morgan did all those years ago everything else is debt related credit
You know one of the many many things I read that first started me despising the Authorities for the charlatans they are...was when i read that the Swiss Central Bank was I think at that time the largest holder of Apple stock that they purchased with printed Swiss Francs ! No Central bank should be allowed to buy equities...period with basically money they create....Once these Central Bank creeps started operating outside their original mandate the whole thing became a clown show...it;s bad enough buying bad investment for 100 cents on the dollar from market participants but buying private company stock with money you create is nothing short of scandalous.....These turkeys like Draghi etc always justify themselves one way or another with a oad of old codswallop...but Like someone once wrote ..." A thief has a thousand ways to justify his actions"
The things that are getting to me around PM's are the blatant manipulation(crookery) to supress PM's with paper contracts that were designed to improve liquidity and hence had a limit until there was no limit. The other are the market pro's bending over and droppingtheir trousers every time the fed whispers this whispers that....if they ever raised rates it would be a token amount....i doubt even 0.25 and maybe even that in increments...a meanginless gesture of a man pretending he can climb out of a pit he's fallen into...and the market ooh's and ahh's and to be fair we stand behind them wondering what the direction will be after the meanginless fed and how they ooh and ahhers react.....it's all so tragic.....I am asking myself why am i investing in a commodity that is maniplulated by a rogue central bank
Conservative view of US alone National Debt approaching 30 trillion and will blow higher through that. Interest payments circa half a trillion a year and thanks to lowering of rates since 2008 the interest payment has remained roughly the same courtesy of emergency lowering of rates....to rob savers and bail out the govt and it's cronies. If they even raised a couple of percent debt interest would double at least..to well over a trillion.....not going to happen...they like the interest levels where it is regardless of how it has poisoned the system...also allows their cronies to borrow for near zero and speculate with it.....so tell me again what's going to happen to rates ? It's inflation or a global reset or both......as far as a global reset goes the US like the spoiled brat it is ..is going to fight tooth and nail to try and retain hegemony and a game tilted in its favour.....i keep hearing the US has 8000 tonnes of gold....but it hasnt been audited in decades.....the indian public have a level of gold that dwarves that 25000 tonnes alone....
In Dirty Harry style ask yourself a question.....Is it likely a country as decadent and dishonest as the US actually has the gold they claimed ? Are they the type of country to have reyhpothecated it...lent it...sold it multiple times over ? Until it's gone Are they prudent like Norway.....i think you know the answer to that.....
Oh and i missed your view interest rates have to rise...are you for real ? Do you have any idea of the govt interest payments should they have to raise rates ? It isquite obvious you DO NOT....they cannot raise rates it's a bluff....they have snookered themselves...they need inflation it's the only resort