Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
P.S and trolls like Cashking feed off our wobbles so lets not feed them :).
Hi Impecunious,
For what its worth, the next big absolutely known to be happening SP impacting news will be around end of Q1 2019.
In the meantime, you may want to save yourself an ulcer by not looking every day because this will either be flatlining, or doing something horrible in the meantime.
Of course there should be other news, but this is the known news.
If it helps, I am an anxious LTH too and I have to resist gawping at this BB because it rarely helps.
Rgds,
T.
Showing great reading skills there Cash - shall we try again ? Why. Are. You. Here ?
Sincere question Cashking - why are you on this BB?
What I am unclear on is why Sprott would choose to access MOD via MTR. Why not invest directly in MOD ? Perhaps Sprotts interest is MTR and it's wider stable of investments ?
Oof ! Big buy !
That 580K sell late yesterday afternoon was mine - have to pay the builders next week (not a euphemsim).
Still have a chunky holding so not weeeeeak either :).
Hello LGO.
Unfortunately, I am not sure I have anything to say that you want to hear - but I am not entirely certain what you want.
Are you looking for people here to convince you of the MTR story ? I think thats quite a big ask of your fellow PI's. Even if the energy was there, I am not sure how we can do that when we dont know anything about you - your risk appetite, preferences, objectives, background etc.
In brief, the demand for copper is increasing, availability of copper as a resource is decreasing in quality and quantity. MTR has more than one oppurtunity to get to copper because like you say its an investment vehicle, not an actual miner (for what its worth, that appeals to me and my preferences). Copper has been found in KHB, proven via assays and MOD, more to come.
MOD have some natty equipment that seems to be able to pinpoint where to drill successfully for copper therefore reducing time and cost to identify where said copper is.
Correct me if I am wrong fellow BB'ers but we dont know how they will be getting the copper out at the moment ?
So the signs are good for some of us but maybe not for you - but thats up to you to work out and DYOR on I think ?
Rgds,
T.
Crikey - hope we are about to find out what they probs already know ......
Is on its way - don't know why Hotcopper love the whole countdown thing......
Hi Impecunious.
Asked super gently - why do you think Joebop is so opinionated yet is not interested in the SP / their potential profit (as per their own post).
I don't understand, but then why would I - cos we don't know each other at all on here.
Rgds,
T.
Hi again JB.
Okies, so just to check, you are PI who has traded in and out of MTR over the years and who currently has a super low average (kudos to you btw).
But you arent interested in the SP and instead, have a more altruistic interest in MTR's progress or lack of ?
If this is correct, it might explain why you may be at odds with the more usual PI on this board who is super interested in the SP, particulalry when compared with said PI's average (correct me if I am wrong on that boys and girls).
Just my thoughts -
T.
Hi JB,
So even at todays not so great SP, you are at well over 100% proft if you sold ? Sweet !
What sort of profit do you need to be making to get your smile on ?
Rgds,
T.
I think if we are going to get fresh news from MOD it will be after JH does his thang in Oz next week - thats Thursday at the earliest - as for the rest of the MTR stable, who knows.
As for takeovers, perhaps we could be clearer about what we mean when we say that - is it the whole of MOD, 'just' T3, will MTR flog its whole interest in the KCB ? There are many ways to sell something or other to realise as a positive impact to the MTR balance sheet short term and our position in the market (as a succesful investor not an actual miner) in the long term.
I can practically gurantee MTR's objectives arent aligned with any of ours as individuals other than at the very high level of making a profit so any TO is unlikely to be a crowd pleaser from that perspective. If you have a view beyond a few months, then there should be a degree of result no matter what gets sold and for what.
I'm holding and wish like Wassatt I had a rainbow at the end of my corner sofa so I could buy right now.
T.
Hi Sakha,
This happend to me earlier in the week and I beleive it was because of the volume I was selling - once I reduced the volume, I got quoted so I split my sale (got a different price based on volume levels too....slightly lower price for a higher volume). Don't know why either - sorry dude.
Rgds,
T.
Olderandwiser, How would anyone ever know either way ?if Rgds, T.
I think it's fair to say that nobody knows who anyone is or what their motivations are on this board. (Available) fact based decision making it is then !
Hi Impecunious,
Re CH, I don't agree with your assumption that he made a mistake with his purchase - if I had to make a punt, it would be that he is taking a longer term view and isnt looking for a quickie profit within weeks of purchasing, unlike most PI's :).
Rgds,
T.
Impecunious,
Surely its only a loss once you actually sell at less than you paid ...... if you know of a tax schwiz when your portfolio is worth less than you paid for it but you havent actually sold and they havent folded, then you could make a different kind of fortune by flogging that advice :).
Rgds,
T.