Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you believe there is a leak and people in positions of making a difference also believe there is a leak - maybe someone has decided a bit of misdirection is needed. A test has been thrown out there and someone is being sniffed out. Then it’s BAM, the actual news hits which is a one way rocket ship to 45p.
Price goes down, price goes up. Take your pick.
Is it ok for me to see what the next week brings and then comment next week about how obvious it was that those events would happen? Anyone want last weeks lottery numbers?
Andy? Anyone?
75000 shares bagged at 25.98. I am very happy with that. Though I’ve changed my usual behaviour because of the current “weirdness” with the SP i.e. I have only spent a third of the pot today. I was desperate for the funds and a week ago I would have spent the lot on one go for FOMO.
As I said previously, suddenly having a pot on standby and ready to pounce takes all the stress out of this SP craziness. I totally respect and more than understand the frustration of those who are balls deep in Sirius but this is definitely the way to do it!
The truth is many are over committed and I absolutely love that level of risk taking but it does cause a bit of stress - those in that position you have my understanding and we’re in it together!!
All will be good in a very short time.
my funds clear and I’m ready to buy! I have ten times the funds compared to what I had for my last top up and I missed about 9p realistically in that direction (33p vs 24p) So if sod’s law is going to make me miss this by the same I think we’ll be 26p tomorrow and 35p on Thursday when I can buy!
Razel- I put that early day support down to those that follow this share and think ”today might be the day” so they take a position and then as it appears it’s not going to happen they slide off and take a slight loss. Simplistic view but I think the same mindset will ensure that when it does “go” it will really go!!
Having seen how relaxed some contributors are when the SP fluctuates with philosophies along the lines of buying more on the dips etc. I am now finally in a position to actually live that. I have to say it does change ones attitude immediately. I am soon to be in a position to have cash available to more than double my holding. I was in a position where every significant move frustrated me because I had left no ‘flex’ Even my last top up was at 33p the day before I could have easily picked up at 24p and again I used every penny in one hit - not the best plan.
So the lesson I’ve learned from this is that you need that flex available. It makes for a more peaceful existence with SXX and allows the ability to react appropriately with market moves. I was so fully (over) committed that it made it stressful. I know this is basic stuff but I also know that many people have fessed up to be being massively over committed with SXX and I full understand why!!
So I now intend to keep some of my eggs in other baskets for some of the remaining SXX journey but my heart’s desire is to end up in exactly the same position with twice as many shares in this fantastic project and everything back in one basket. You’ll not stop me!!!!!
Take Casapinos post. A well founded argument for why the SP will struggle. That is commenting on what the market reaction to the actions of the company might be, while in the real world the company accurately report what is going on and continues to make progress as planned.
With the same intellectual and scientific approach, please explain why the share price was previously 54p.
There must be an equally clinical answer - or is there not? Could it be that when that happens there is the rule of the unknown kicking in? Is it too easy to take all the facts that are already old news and beat them up to a negative? It’s just hindsight in another format - you think it’s clinical analysis but it’s not. You are regurgitating old news and making out you know the future.
The SP could be 54p by Christmas - intra day of course ;-)
I don’t like it. It is ugly. Any “spin” any of you can conjure up to tell me why it’s actually a thing of beauty? Loads of conversions going through or similar?
Jesse - legend! Such a short and sweet overriding comment that covers pretty much all of the angst thrashed out here!! I have rattled on about traders vs investors many times and there are still grey areas there even. Accepting that the purity of markets and their behaviour actually has ZERO bearing on the reality of the company is a very comforting thought. Of course, the company’s success and progress do affect the markets!! Looking at it like that makes me realise that a well managed company with a quality product will always drive the market direction in the end. Charts, analysis,sentiment, media coverage, etc. etc. All affecting the market - never affecting the company.
Thanks for the responses. They look good and paper and your personal experiences back that up. It is going to.be so satisfying being able to get more SXX as all other money pots are dry!! My wife had a contracted out pot over twice the size and she’s keen to over expose too!! lol
Hi all - sorry to always be sponging but
I am about to open a SIPP purely to buy and hold SXX with funds held in my old contracted out of SERPS pot and potentially commit a small cash amount each month to build up cash until it is worth buying an income biased blue chip. So probably trade once in a while - perhaps once a month as an absolute maximum average.
I am just about to prod Hargreaves Lansdown for such a vehicle - Anyone have anything to say against them for this particular product? Thanks.
I hate the chart stuff but I know you like the ‘knocking at the door’ stuff. Is there a theory about the SP movement this week if we can break 30p based on simple support as opposed to news or market based movements?
I my book that is a strong and relatively stable week for SXX. Onwards and upwards next week. Have a great weekend all INVESTORS. TRADERS keep fretting!
I just had ten minutes to spare ‘sitting down’ after a large coffee and Skier seemed the perfect companion for such an event!
I’ve looked at what you post skirt and I think you have tried to add SXX to a list of companies that it does not belong anywhere near! You are regurgitating spiels of classic comments about dodgy mining start ups that have a bank balance of a few million quid and are exploring some of the dodgiest and lawless places on earth.
A multi billion pound operation in North Yorkshire that has the backing of Her Majesty’s government is not quite the same.
Much of what you have said about the other companies you berate is spot on and insightful and could be of great use to someone who might otherwise have been foolish enough to invest in them. That’s where your comments are worthwhile so please stick to those forums.
Or do a week of solid research on SXX and then invest to the max here like so many that have the full picture have done.
We will close over 29p because being out and holding cash on Monday morning will not be perceived to be a desirable situation!
Deepjoy- my often repeated complaint in a nutshell! And every time it happens it reinforces the behaviour for next time. I do think it has been slightly steadier since the big shake down of the week before last (time really flies!)
Random ‘grenade’ type comments of some substance or accuracy may be justified if they provoke worthwhile debate.
Inaccurate and zero substance comments like yours are not worthwhile, not funny, not clever - just not a single possible positive aspect so why bother? Attention seeking is it - so here you are.
This share is not tumbling away by any definition- it just isn’t. It dipped badly and it’s back to a level that is easily sustained based on recent share price activity.
This share has been above 50p based on sentiment and has subsequently been below 20p again- how does your comment cover that FACT?
Put some effort in or don’t bother posting. The company has not changed the plan - the costs have gone up - wow.
Matt - I effectively had the same conversation with one of my investment buddies last night. We concluded that the share price would have ended up in the same place via different routes. The chosen route is my preferred option with the benefit of hindsight because we have good sentiment now and I feel less of a bitter taste. I think the SP may have tested 50p the other way round- I still wouldn’t have sold but if it had run from 50p back to here in a hurry I would have been feeling worse than I do after the last fortnight of shenanigans!! I am hoping that we have shaken off a lot of woolly “investors “ with all this SP chaos. My biggest disappointment is that I feel such price chaos can put people off when actually nothing ever really changed in the whole scheme.
That was a strong return to 1.5p rise. Someone flooded the market briefly and then we are back to demand outstrips supply. Looks like there are a few more sticky fingers out there and long may it last.
Myo has earned the right to put as much or as little as he likes on this board. He is the source of a huge volume of quality information and saves people like me a lot of time.
Not sure what your point was Oilman but you picked the wrong person to criticise about posting volume.
My posts however are generally dribble and well deserving of such a criticism!!