Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
DJ and FTSE doing one thing and SXX doing another. It’s Friday - I think this means many houses want to be holding AXX shares rather than cash come Monday morning. Just saying.
Hey Myo - I’m not sure how you are fixed or how this would appeal but you must be an absolutely ideal PR representative for Sirius. I think your depth of knowledge about so many facets of this project would make you a very efficient and impressive ambassador.
Why not get on the inside?
So over the last week SXX has pretty much exactly followed the broader markets. I am taking that as a completely neutral stance but I think it does show that there is no SXX specific negativity. So I see that this leaves us perfectly primed to step away from the main market movement when significant announcements are made.
That is where I want to be - no panicking by SXX holders in isolation of the markets whilst primed with a huge amount of potential movement very much in isolation!
This share will be the top mover of the day by percentage one day soon. Hopefully followed by top performer of the week and so on. That 30% drop may be erased between 8am and 11am on a single day. Don’t miss it!
Stokey - I hope your age and BMI are not against you in relation to stress induced myocardial infarction because with kind of thought process you are asking for trouble. I hope politics is just your thing and that’s what drives your thoughts.
Friday’s price followed the major indices in what I find a depressing way. Same again today? I have always looked for investment that is outside of this very dull arena and allows for potential against the ebb and flow of the main markets. I hope SXX isn’t dumbing down to that level.
Scotman I love the idea of a fiancé raising team. Is this an employee incentive scheme? Lol.
PHE would never feature in my portfolio other than as a ‘punt’. A crowded market and a product than can be replicated easily is not for lumping on in my opinion. Throwing £2k at it and seeing it worth £10k in a few years would be a nice result but not life changing. As with any other company I look at I can see nothing that would move my money away from SXX.
I see huge strength in the company and the path ahead. I see huge capital gain and then a solid dividend profile that will make my autumn years comfortable. I will only diversify once the dividend looks ‘ordinary’. Presumably at that point I would look for a few companies to provide a steady capital growth and a bit of income.
As many clearly identify- you can’t find an equal to SXX let alone nine others.
Hence diversification to reap the same is not possible. I have taken my very reckless choice and lumped it all on SXX. Reckless - yes. Exciting- yes.
PAAA is absolutely correct- it is reckless. Why not find other equally ripe investment opportunities and spread the cash even if only to cover a meteor strike. You make the same from a ten company portfolio but there’s reduced risk. There is no argument against this.
Mr Buffet refers to ignorance- not knowing something- he KNEW every single time he signed a cheque or a contract once he had reached a certain wealth and status so he was never ignorant and had no need of diversification.
Easy to be confident as someone in the know who can self perpetuate due to their dedicated followers.
The issue is with the SP shenanigans. The company and the project are amazing in my opinion and I don’t like any criticism thereof. The problem is that people associate share price activity with the company’s activity and will currently conclude that Sirius are struggling in some way when they really aren’t. We definitely have a problem with the SP. I can’t do anymore to support it but someone, somewhere CAN. I think they now SHOULD. Something has to stop this insane negativity in the SP. I expect the SP to be way higher than it is hence I comment on a down day and not on an up day. The idiots that keep saying “I didn’t see you questioning it yesterday when it was up” etc. need to stop only using one brain cell. I expect 50p not 15p and there is a basis for that - hence I despair when the SP is down - not because my balance sheet is lower but because it is INSANE.
Avocet and Blacksheep -
The SP didn’t go in one direction yesterday did it? Yesterday was a classic small momentum with the day trade demand followed by the selling when it turns out to be a no news day.
My point is more about the general momentum of SXX with still no news but there’s so much negativity. I’m thinking of it in comparison with a shop that’s off the beaten track- it takes a positive effort to get people through the door. SXX are not spinning this good news story enough. A small bit on the local news recently- that was clouded by mention of a collapsed share price in the piece. I’d be interested to know who initiated that story - the reporter or the company?
Got Brexit and got Trump. Other than that why so much negativity. I have to assume no “Santa” rally this year at this rate.
I think someone has previously alluded to having no huge confidence in much of a rush on the SP even with Stage 2 clarity. It does feel a bit like “what the hell does it take?!”
I’m starting to feel the grind a bit now. I know many unfairly bleat about a lack of news from SXX as they actually do a good job but of course only report real news rather than noise.
I do think a bit of a staged production is now required (rules aside and where allowable) - I think a PR expert (showman) is required to wring every last bit of positivity and spin. Clinical and dull is now proving a bit self-defeating in my opinion. I know some like that “Germanic” style as it suggests cool confidence but it isn’t being broadly felt. I would like the next few pieces of the puzzle to be presented a little more Hollywood and with a bit of “bang”.
It was very succinctly pointed out by someone that the business is one thing and the stock market is another - very different beasts.
However, the unfair disparity between the two at the moment is baffling. How is this much dullness surrounding the SP when we are progressing so well on site? The company are doing a great PR job and there are HUGE reasons why this will succeed without question.
Some financial declarations remain and there are a few options but ultimately the end result of those final decisions fall within a pretty standard set of parameters. No miracle is coming and no disaster is coming. Do we really have to suffer this perceived lack of support for the project, though it’s actually just the share price, just because the stock market is stuck within an utterly lazy set of trading models that don’t allow anyone to think for themselves.
I am not moaning because the SP is low as it has helped me tremendously, I am moaning because it looks bad and lazy people glance at SXX and conclude negative things that are miles from the reality.
The BBC local news was a classic - here’s a super exciting life changing project for the NE region but the share price has bombed recently so be cautious. Utterly insane but people connect the two.
NOTHING has changed on site at all - progress progress progress but still not enough for the spineless money men and women.
I hope the faithful LTHs get to meet a few of the “Johnny come lately” bods at some point when they brag about this one- we should tear them a new one for pretending to be part of it! They will jump on board the gravy train soon enough but the first class seats will be occupied by LTHs.
A lot of drama to be completely flat for the week.
Have a great weekend all. CRUFC at home tomorrow- see you there.
Jingles - great post, thank you! That’s a fantastic non technical message that I will be ensuring my wife reads. She is now very heavily invested here too thanks to my passionate telling of the Sirius story so far. We are soft southerners but love the idea of something tangible being “done right” for a change. Your message sums it up a treat.
I will make sure plenty of our money is ploughed back in to the area via good food and drink and a stay at The Grand in Scarborough with a few romantic dance steps on the black and white tiles of the bandstand. Can’t wait!!
I suppose it does but not if it costs you time and stress to achieve it!
Hopefully it’s going to remain a blue day so I don’t feel quite so bad revealing some purchase history for this week - I have bought at 25.98 and was chuffed to bits. I bought more at 25.48 and was thrilled. HL then did me the honour of executing my overnight limit order set at 24.25 at 22.96 yesterday morning - my favourite but no skill or analysis involved at all. I’ve averaged bang on 25p for 148k shares. Target holding exceeded by 6k shares in all the excitement so maybe I’ll top slice those lol.
Every little bit does help but if holders stopped worrying about 4% vs 5% today then this would be a much more stable ship and a nice comfortable cruise to the Caribbean (£2).
That is sentiment of the year Bobminor. Absolutely ridiculous- that level of minute by minute analysis on a share that shouldn’t really be on a day trader’s list. I understand why it is but just stick with forex or the indices.
This share is MASSIVELY oversold - get a grip!
Eustus - keep this one quiet but while the coffee shops and wine bars close down South I’ve heard where to move the money to - Arthur Blackpudding investments- a little start up doing gift boxes with options such as a flat cap, whippet obedience class voucher, pigeon fancier pocket reference guide and some chips and gravy in a pot. All tastefully packaged in plain brown paper so nowt fancy for t’neighbours to notice.
Lol. It’s nice to revisit the 70s and 80s. (I were right about that saddle though)
Skier - you need to be more accurate with your posts or you will make yourself look stupid. You typed share price when you meant dividend 10-15p.
Couldn’t agree more. World in turmoil people needing to cut costs. The most efficient farmers being able to survive and charge a reasonable price because they are using poly 4.
Definitely think 10-15p dividend is a given come 2026.
Keep up the good work.
I am confident and comfortable with where this is all heading. What I currently hate most is the fact that I can’t explain this SP to the people that I have been extolling the virtues of the project to as an amazing investment opportunity. They now have a short window of observation on what undoubtedly looks like a typical ‘mental’ mining stock and will write me off as another duff tipper.
I have always said this is a hold until at least mid 2021 but that doesn’t stop this period looking like a bloody circus.
Anyone else wishing they hadn’t mentioned it?