Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What would you call medium term ?
A2 will cost more to build unless they have a steady supply of brand new second hand plant and machinery l'm just waiting for the sp to belly flop after the consolidation before buying back in at a more settled price . A promise of 2 year till production could easily slip to 3 or 4 years . Always look on the bright side of life .
If you can't beat it bud back it
Yes consolidation always scares me to death especially with miners its probably why glencore didn't buy a bigger stake at the time with their back ground knowledge. bluerock diamonds consolidated to 100p from below .005 and today its about 34p,thats just one company there's so many that do it .
They did have sales promotion hats and i still want one of those..not much of an asset but from small acorns ect...
Well no not 3p , just over 3x 20p i did think 70p i can't turn back the clock after a consolidation to 3p .People used to get done for turning back the clock on cars etc , mind i believe when the mine is in production the sp will again incresse in line with market sentiment and expectations, along way off yet .
They seem to have more accurate reporting on the current market conditions than some of the main stream . Helpfull if your working day and night pouring over pages and pages of data and write ups .
Sorry misspelling .Piranhas to feed on ,possibly brining the sp down to the 80p mark txp is in a similar boat although they haven't had to have a consolidation perhaps i will buy back when the shares are in the 70p to 100p range good luck with your investments !
Maybe you bought the 1000000 shares i was holding my reason for selling was concern from many AI analysts that the sp would be around the 7p mark for 2 years and with the proposed consolidation taking it to about 1.40 , a larger body of cash for hungry pararnas
It means the company wants to change the value of the 1p share to 20p in the case of hzm. And by doing so reduce the amount of shares available at present on the market , not to say more shares won't be magically produced and distributed ( passed on to the market ) in the near or distant future