Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Disappointed to say the least... Most of us were expecting provisions to decrease and lending to restart soon. We got the opposite. Provisions will increase, relending delayed further. The only good thing, the sp reaction wasn't as bad as I was expecting. On the other hand I don't expect any good news anytime soon so I find it hard to understand why people are talking about blue days...
Same, I was expecting one too. No RNS like Mri said might be a good thing longer term, but this week with no good RNS AMGO (well, like most stocks) will be bleeding red IMO. And if there's no RNS for the whole month, needless to say what to expect...
Funny how Hounddog says he's "starting to think NSF may actually be a better investment than AMGO". It's like saying earlier he thought nfs was worse and he still bought it while saying administration is waiting for amigo. Even now he's not sure cause using the word "may"… probably he's getting confused because nfs "rockets" few percent once in a while.
Gabriel, I might be missing your point but that's why I think that the 2nd guarantor won't save the day. I mean if the one who takes a loan need to resort to a guarantor he will run to FOS and make a claim and Amigo pays for all this again...
Hi Gabriel, yes i did watch it. That's why I said "I am not saying Amigo hasn't been doing proper checks". While I like his statement very much and I believe that Amigo will do well and very soon, otherwise i wouldn't be here. Still if they have been doing everything properly why/what is taking so long to prove it to FCA and stop those leeches FOS...
Truth be told I don't think a second guarantor would be safer for the company, I mean the problem is with affordability checks/claims. Also I think for many people who need a loan it's not easy to find even one guarantor not to mention two... I once took a guarantor loan with a guarantor whose credit history was way worse than mine. Didn't have any other options so entered my girlfriend just to try it. I can only assume no one was bothered to check. So personally I don't think additional guarantor is a good idea. You need to properly check if the person taking a loan can afford it (not saying Amigo hasn't been doing it). And need some flexibility (proper rules) on FCA side so people don't abuse the option to claim as now every Tom and Jack is claiming for whatever reason comes to their mind. Just IMO.
Exactly ns20, they should push more responsibility on those who take loans not on those who provide them otherwise this irresponsible lending won't end. Or maybe there parties that don't want it to end...
The last RNS says:
"We continue to review all funding options to enhance balance sheet resilience and strength. No final decisions have been taken as to whether or when to proceed with any such options, the precise amount that may be raised, or any allotment of shares to any investor including any sovereign wealth fund". To my understanding they obviously need funding so why are they saying "whether to proceed"? And it is odd how RR haven't mentioned any numbers and yet Sunday says 2.5bn, JPM says 6bn... I mean how can they spout things like that? No deramper can beat those two...
I don't think many if any BODs care about daily share performance. Also in this situation (covid) you can't blame them for every drop in sp. I think more and more people no longer care who wins . We are just waiting for this "war" to end.
I don't remember which of his tweets it was but at least to me he sounded confident of winning this vote. Why I don't know but I refuse to believe that all this "show" was for nothing. He surely learned from his mistake last time and I would be surprised to see him loose again.
PS: IG must be lagging a week or two...
Well said TwistyMinkle. I think the same. I mean while GC might be good at what he's doing but the whole new crew might be even better as from the RNS's it doesn't seem like he would get along well with JB.
itsgambling you can post want you want this board is for everyone but knowing all that just open a short positions and you will make a lot of money? Or maybe not... You keep saying 300k like it's gonna destroy the sp lol we hadmore every day. Your statements are similar to bods sad rnss.
Bought first time about three years ago at 2.5p and sold for 3.5 as needed some money, was pure luck. At the time I thought I was gonna miss a multibagger... Didn't expect things to take so long and never imagined I would see it drop to like 0.35p. Been watching it lately and things seem to be moving but the price is still ridiculous. Thinking of loading up in the next few weeks but those big sells yesterday and today are not very encouraging.
So true Mark. I guess this is where the saying "buy when others are fearful " comes from. Had the same experience so many times too. I do believe it will turn out to be a good investment just need a month or two.
Well you just need to check everything properly and not to trust some random guy you have never seen saying "minister is my uncle". We all know what happened to LEK. You can't fool around these days as there are probably many Ahmeds looking for some easy money.