Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
True to form the classic spike begins to take shape leaving behind nothing but bitterness and resentment amongst investors. It's like watching a rinse and repeat.
Watch for a couple of small uppy days early this week (great for a quick 10%) but don't be fooled by the change in sentiment, hold your horses as sub 60p cometh.
The drop is because of the following:
A. The speculation period is over
B. The reality period began in early May
C. GDR placed in a timely manner like any company would (and fair play to them)
D. Until then, the SP will simply track FTAI
E. If no news by the end of the month ( and if things still look promising) buy at 60p
Yes I do vaguely remember that, then there was this little chestnut - https://markets.ft.com/data/announce/full?dockey=1323-13430187-4QB12E9OVIT7V86N6FQ0B1V1KO
Good point Suzy, that was a very strange turn of events. This just highlighted the friction between MI and Gov, I can imagine the conversation between them.... 'here's a company that has complied with all the rules, invested millions as per the guidelines that YOU have laid out, moved the majority of shares over to yonder in SDR's ....what do we do next'.
You may very well be correct there Oak, the interest in this old 'dog' left a long time ago (just look at the trades so far today).
Saying that, there is a sense of curiosity surrounding the outcome of Kallak, almost a gauge to see if mining in the EU/Europe has no future.
Morning Eric!
Hi Suzy, thanks for that.
Given that the funds are already in place and the green light to drill, pushing on would be the best scenario and not stalling for a decision, I'm sure Baylan and Co would welcome a more green workplan and not seen to be wasting time on an EU funded project.
Does anybody have any ideas when the drilling will begin at KS? Having been announced already back in May and part funded by the EU's PACIFIC consortium, what's the hold up? Was this more a political move than anything else?
From memory it's best to do this in the winter months when the surface is frozen for moving about, but as we know that normally clashes with the herding so why not crack on now...Geezus, the months are flying by again.
Hiya Suze/all,
It is incredibly frustrating for all involved, we've done 'our bit' adhered to all guidelines and procedures but here we are, still hanging on....it's like a stalemate between governing bodies yet strangely down to one official to make the call.
We have had to avoid the courts at all costs but those costs are obviously finite and I can see this being the only option available by the end of the year, where we stand legally with that remains to be seen.
I can't get excited anymore, but if someone else says that 'P' word again I'm gonna flip.
Marve, yes in at 26 out at 72, a profit is what it's all about right.
Lol, I've been around far too long to get emotionally attached to AIM stocks (but that did make me laugh), this little up day won't last long Marve, pulled up with the rest of AXX...the traders will make their little 10%'ers again today but the spike will continue it's downwards trend regardless
I'll leave you alone to ponder - See ya at 60p!
was tested yesterday, this will fall below again in the next couple of weeks mark my words, I would be patient before choosing your entry at this price, wait for 60p at the most if news hasn't arrived by then.
Speculation is over, don't believe the BS.