Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wax lyrical all we like here. But the macros are improving as is the business; they're firmly on the right path and I'm expecting the next trading update to exceed expectations. If that happens, (and we still exist having not been bought out), then the SP will fly higher, it's that simple. Very few shares in issue.
I for one also believe they're in no way shape or form going to be inclined to sell the business or accept a take over anywhere shy of £30. Why? Because the previous offer from the turks wasn't even given airtime. Now while some see this as negative, I feel quite the contrary. The offer was such piffle they didn't even flinch. That just strikes me as being confident they could not only turn around the business, but absolutely flourish under the new change agenda once implemented.
I agree with them wholeheartedly :)
Further to my message yesterday, I feel it's fair game to let ya'll know I no longer hold SLP :)
It's been a while since I sold. Sold back on October 28th last year for circa 99p (over a few sells as I was holding a fair bit of the float haha). Why did I sell?
Well I had one helluva ride up from 6.4p so no complaints. Lot's of hindsight (shoulda sold at £1.42) but held on for all the wrong reasons. Emotional attachment, greed etc etc. Typical dead brain investing 101 f**k ups. But hey like I said, no complaints for a 1,500% ish return over 8-10 years.
The final trigger to sell came via the results update of September last year. I didn't like what I saw / read and felt the time had come. (Well I did, but it lacked clarity AGAIN about the future). Held on for a small while thereafter but got the sense this was going to pull back substantially, and low and behold it ultimately did. I didn't even wait for ex divi (literally only a week away ish at the time) for one last pay day :)
Ultimately a huge relief to sell. Like I said I had a great ride, but the time was up. Saw too many other opportunities at the time that I wanted a slice of but had so much tied up here it was time.
So with that I wish you all, ALL the very best with your investments and trades here. I'm still very fond of this company, and for sure this huge pullback has made me think hard about taking a new position :) But not with current PGMs prices where they are.
I still think the company is undervalued. I still believe in the future of the company, but over the past few years, while I love the management here, I just feel the company's growth has stalled.
I'm unclear as to where management ultimately want to take this company, (taken private is how I once saw it, merger? acquisitions? full sale to samancor?) and that concerns me slightly. BUT, do do still think the future is bright, just not as bright as I once saw it.
I'm still around ladies, happy to jump on the board every now and then see what's cooking :)
Wish you all the best :)
I have to admit, I never thought we'd be at these lows again. Or did I...
:)
Just goes to show how tied up to Rh this SP really is, and pretty much since May / June last year it's just nose dived from what, the $18,000's to where it site now at $4,000. Interesting times...
Just kick back relax, smoke some weed, tell everyone you care about that you love them... that's it that's all :)
Man putting this board to sleep now. Off you go ladies and gents. See you back here for pre-season training in October.
Play of the decade this :)
I tested a few buys a couple weeks back for some decent volume and couldn't get a quote. Was able to pick up a bucket load last couple days easily though. Either way nice movement here today. I'm comfortable in my assessment of this business and where its heading :)
Long may this continue... and my gut says it will :)
Took another large bite at £3.64 earlier... more than happy. Onwards and upwards and i think the next results are going to exceed expectations. And you know what happens then :)
Always around brother ;)
Overrated bruv.
Most of these new "affordable" private jet charters, you know, the ones the insta ho es front with are dubious services at best... shocking service levels and stoopid itineraries.
Unless of course it's your own jet you flying :)
Silverjet back in the day was half decent though :)
time to sit back and relax. profound rns yesterday imo. relax and smoke some ****.
the instant relief at the headline of the rns vindicated this being my largest, most ballsy investment to date. and i ain't gonna lie, what happened past few months did f u ck with my head a bit. but i trust my balls more than most people.
"return to profitability as "driving change" agenda delivers."
it was at this moment i knew, i had not fu cked up!!
if you're long, enjoy the ride. if you're short, good luck. a few people mentioned yesterday some mental relief post rns. i agree; that was the rns i was looking for. yesterday was make or break. and it came out as a resounding make. and make money i will.
only a matter of time and i have the patience of a sloth and balls of steel. said it before, i'll reassess my position when we hit £35 within the next 2 years.
Is very conclusive in my view. And my view, based upon forward looking projection, which is the essence of investing, is this is now incredibly undervalued. And I don't care for the timeframe, ASOS is back. ASOS is still extremely relevant (brand equity is huge). And it's only a matter of time before this is re-rated to fair value as progress continues in earnest. Mr Market knows where this is going and I would bet my life on this being north of 7 squid by the next update.
Unless of course we are taken out... or there's a bid. If that's the case its £15+ overnight.