Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Are we finally going to see the rewards of our patience? Hopefully the world is waking up to this well run and financed company.
Added again @ 14.56 off the support, hopeful of a bounce because if this support breaks it’s down to the 12p area!! Gulp!
I did broach this subject a few weeks ago, It is a distinct possibility imho. However, those who are long term would be really punished by it, it would however provide the business with free cash to accelerate recovery.
Purchased this morning @14.99, just added @14.78, though it does look like a falling knife!!
Started building a position, just made first purchase @ 14.99, GLA
This is looking like a second/third test of support, if this breaks then 14.5 then 12 area, there hasn’t been any significant bounce from the support therefore I am going to continue to wait until I re enter. Any significant news or directors buys could reverse the trend that is forming. But right now I am staying out. GLA.
I can see a bottom here….personally I am going to wait a little longer before re investing, there was a small test of support earlier…I expect there may be more. GL to all.
The support at 15.5 is holding well today, however if this should break 12p could be on the cards. 15.5 is the previous low so in theory should be fairly solid. I continue to observe before re entering.
Agreed Aim, it’s a very complex business, with the projected outflow there is POSSIBLY a light at the end of the tunnel, however, unless costs are drastically reduced, margins increased etc, it’s higher risk, potential union trouble with personnel reductions, an election looming, it’s too higher risk for me right at this moment with this price. Personally I need to see where this settles price wise before buying again. I may have made a bad move, who knows, but cash in the bank is safer atm. Thank goodness other investments like TUI and ITX are doing very well.
Having now looked at the figures properly and given the sentiment I have bailed on my trading account. Yes made a small loss, but the risk reward is too high right now. I still hold in my isa, that will be it until I can see where the trend settles. Gla
There have been a significant amount of large buys, always difficult to judge on big news days like today, however, the new CEO does bring some hope IMHO, let’s hope he is ruthless with his cost cutting and restructuring
In which way? Lol
Cannot see it! Certainly not going to subscribe to see it either!!
I have just purchased on the back of the director purchase. Hopefully this will prove that he is putting his money where his mouth is.
Nice rise over the past few days, looks like people are beginning to see the potential of this well ten company.
Looking at the daily chart, does anyone else see a bull flag forming? Also strong resistance at 20p, be interested to hear others thoughts?
Trisor, I have invested a significant amount here, I am sharing my thoughts and a little of my trading analysis. I am not a lame master or no balls lol, I am here to make money!
I only suggested that a placing MAY be being considered, when investing in relatively high risk stocks all options should be considered.
There is a lot of positive new coming out.
I re invested here at 17.5 as I said I would a few weeks ago, after this mornings news there was a spike up then a re trace, that looked very much like a back test of the 20 resistance, there would have also been a fair few sell orders from short term traders at this point, I have topped up @20.36 and having evaluated risk and reward will hopefully be looking at a steady rise now going forward to results.
Just one word of caution, by increasing the “good news” flow on the run up to results MAY indicate the possibility of a placing post results…I will be watching carefully