Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for that SteffyB.
Very many thanks.
I was in QXL myself, a very interesting stock.
It went very high in the .com boom and crashed afterwards. In addition the Polish management ran off with the Polish business. I bought when it seemed low, I bought again when it fell again. It continued to fall and I turned £52k into £400. I sort of wrote the matter off. However the market turned and it started to rise, eventually the Polish business and management were rounded up and bought back into the whole, the price continued to rise. It ended up just before the takeover as having been the best performing share on the LSE for three years out of four and I got £170k out of it. Not brilliant. Had I put my 52k in at the bottom of the market I could have come out with a cool £170k.
I was at the last meeting after it changed name, possibly rubbed shoulders with one or more of the three guys mentioned in that article.
I have my own views on AFN, however thankyou very much SteffyB. :))
Trades data seems to stop at 1.35pm today. Up to that time most decent sized ones seem closer to the bid price than the offer price. Can somone be picking up off market or late reporting?
Prices seem to be coming off incidentally.
Good post hillfog90, I respect the work you have done.
My take is that we have seen Rh prices of close to $30k.
Question: speculation or on fundamentals. We have been told the chinese clamped down on speculation.
The general view was that there was not enough Rh coming onto the market to meet end use demand.
The fall in the Rh price is blamed on the chip shortage however did the chinese govt pop a slight Rh price bubble?
Fundamental demand for Rh should rise as car and cat converters get manufactured.
We need to keep in mind that this co is very profitable and cash generative, even at these PMG prices.
I think the sp is well underpinned (famous last word).
Looking at JMMs site, all the PGMs closed lower in New York. Pt below $1000 and Rh down to $13,900.
Tree shake imho or something is up in the US.
I'm a bit new to LSE and am looking in vain for a Dow or S&P 500.
Went elsewhere and the Dow is OK.
I have just signed up to LSE to post, but in the past I have read posts on LSE.
I am a long term historical user of advfn and have many thousands of posts to my avatar.
Because of the rules and AFN being a listed company I cannot post re advfn on the advfn bbs.
Most here will know the history of Professor Yair Taumann how he used to be connected with advfn, left, and then attempted to get control some years back, failing due to the UK regulator.
Yair Taumann seems to have currently 18.31% of the company. Recently we have Dan Horsky picking up 9.66%.
Since both these men have connections with Israel and New York universities I would suggest that they are probably acting in concert. Ron Izaki again with Israeli connections seems to have 4%.
It is hard to tell what the current game is it is one thing to amass over 30% and thus have to declare as to a formal bid, but it is quite another to have over 50%.
Make no mistakes the stakes are high. For some advfn is a niche player, for others it has a potential to be very much bigger, it styles itself as social media. Think Facebook, Twitter, Reddit.....
Some posters on LSE are very critical of advfn however it has some very powerful attributes. BBS are read down the page, newer posts at the bottom, you read it like the page of a book. Navigation around BBs is good. The user base is large, and I do mean user base. I keep running into people in the real world that use advfn, other sites including this one, far less. Again I know people that use advfn but never post.
I think this post is long enough for an opener.