Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Toff,
You are doing precisely what you accuse Shadowfall of doing. Your kind of advice is toxic as it's encouraging people to sell. For what reason would you want that? Shorting of course. If you think Phoenix is toxic you should try some AIM shares.
Risk,
Generally shorters use forums and social media to scare investors into selling. They get quite abusive calling optimistic views out as absurd, etc regardless of the realities. Targeting multiple sources of social media is quite effective. They disappear abruptly when the share turns around and their target has been achieved, or otherwise.
The drop for the dividend from a close price of 507p was expected as 481p. The current SP of 477p is no more than the usual sink below that before the inevitable recovery. PHNX is an excellent company with a good outlook.
Mongooser may be a little over the top but he is essentially correct. EUA has already increased significantly and it does have the last known unconsolidated Palladium resource. Don't discount it so quickly. Other Palladium resources are already known in Canada and South Africa and are playing out. Fresh Palladium is needed. EUA provides it.
However I can understand most here would be much more risk averse than to invest in such a company. I look at HSBA for the dividend returns. But that's not gone too well recently has it? And China is also a risk with HSBC involved there.
You pays your money and takes your choice ....
Oh dear. The doubters are out in force. They appear to be the market 'experts' who browse stocks, make a profit and move on. The knowledgeable with Eurasia will know the history and the BoD and how they operate. It's complex and each move reinforces things. Move on if you wish. Most are staying for the dividend. In more senses than one.
SP Angel joined as Nomad, just in time during suspension. UBS and DLA Piper join last July. Alexei Churakov sells a large chunk in January as he'd assumed a deal would have been done by then and he's on the inside as an advisor. Rosgeo JV and Japanese RNSes appear to complicate the situation and make the market think this is ongoing for longer when those deals would have been in the pipeline for some time. Then we have an EGM for a simple share issue resolution with just two months before an AGM. Just to keep the negotiating going or because the bidder needs an answer to that resolution before the AGM? I get the strong impression this is happening soon, as in before or by the AGM.