Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gap was 0.9 by my reckoning. Still very good. Expected early pull back but I have noticed that enq has a tendency to make its gains between 11am and 1pm. Might just be observed bias though. Got to agree with the ridiculously undervalued sentiment, I’m not usually one to get carried away with SP action and questioning valuations but the lag between the strong movement in poo and enq is madness. I’ll try and post a chart in a bit.
Anyone hasn’t seen a map with the boomslang license area on: https://www.asx.com.au/asxpdf/20190401/pdf/443yf71mjx2fcy.pdf
Enq haven't really participated in the oil rally prob due to some lagging operational challenges and hedging but the Oilprice is moving into the zone where leverage should kick in. CEO and family have just ponied up £500k+ for stock in the last couple of weeks so read into that what you will.
Anyone taking a view on how the market will react to the RNS in the morning? I’m going to wager a small uplift.
Perry ‘He’s a dangerous man to be around’ I think this kind of hyperbole demonstrates why your obsessive ranting is more about you than Fsj. There is only one person responsible for failing to do their own research or losing money on a stock and that is the person who bought it. I’m still at a loss why you think attacking fsj is worthwhile or productive but whilst you continue at it, I’m happy to waste a couple of minutes pointing out how your reasoning is flawed. It’s my right to be a pompous as s too
My 28p & 34p targets now ditched. 44p now the top of my target range. Anyone care to wager how big the gap up tomorrow will be and where we will close? FWIW I’m going for 1.5p gap and 23p close - assuming there isn’t something that knock the p00 back to 71
I’m expecting shale to flatline in H2 based on the declining rig count, lower prices for super-light Delaware Permian (where the growth is now) and low productivity gains, which are now down to about 5% per year. It won’t last for too long but the numbers suggest a plateau lasting at least 6 months. If the waivers are not given and the Saudis don’t bend over then there is upto 1.9mbpd to come off. Russia can ramp up may be 250-300kbpd in a short time and RoW would prob manage another similar amount but with Libya uncertain and VZ looking like it will drop another 400kbpd, even if 1mbpd slips through the sanctions net there will still be a 1300kbpd shortfall. if the Saudis play nice they could prob only bring on 750-1000kbpd within the next 2 quarters so a supply squeeze is inevitable. I wouldn’t mind betting Trump will dip hard into the SPR but if you ask me that’s the same as drawing down inventory and how much of the 700mbls odd can actually be used and what level would be considered a threat to national security?
Let hope you are right!
Could have released that during hours! Makes a clear statement of how much interest they are taking in the company. Someone expressed surprise that a pension fund would invest in a pre-revenue company and I agree. It might have a mandate to invest a certain percentage on in-country public companies though, and there are not very many.
Yeah, lol. I mean - imagine taking the missus out for dinner for no reason. Hilarious.
Looks like copper might break through its recent resistance ceiling. If it does another leg above 3 is possible, I guess it depends on whether the market buys the China/US reflation narrative. Caterpillar’s recent price action suggests that investment is creeping back into the base metals sector. China’s M2 money supply rises support the thesis.
Accelerating. Looks like the SP has a chance of reaching escape velocity. First target 28ish. Second target 32.5 ish. That’s just to catch up with the oil price today. If oil goes to $76 Brent then breaking 40s on the cards. Sorry for the breathless commentary, I’ve been building a position since Q4/18 and I’m impatient!
For those that like the squiggles, we broke out of the year long descending channel today. The close spread wasn’t accurate and should have been 6.2 mid price. No breakout in volume yet though. https://www.tradingview.com/x/Y6N6sZXn/
Could do with some decent volume. Then we will know that we are being taken seriously again. I look forwards to some 5mil+ days to get some real price action going
Seems so, almost as if investors are equating a govt investment with a +ve outcome.
‘The dilution will surely drop the SP again?’ - it depends how you look at it. There was no discount so the e/v remains the same, so no reason the SP should drop on valuation measure. Confident PIs will buy in to cover dilution at this super low valuation, which I did on the drop pre-Aussie announcement in anticipation that there would be more dilution. And having large amount of cash in the bank should encourage others in. On the other hand there are prob still holders who want to dump RI stock and will take any chance to do that.
A positive might just be that enough oxide material is found to blend for the second ball mill and production can be raised significantly for a while. Otherwise it’s looking like we need to get through the rainy season unscathed before there might be light at the end of the tunnel.