Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Guys hang on a second and don’t think so negative.
It’s a a good thing to happen. We knew they had debt but not 100% sure of the amount. If they are doing restructuring of debt, the future lenders may charge a higher rate but this business is a profitable one. Shouldn’t be a problem.
As I stated earlier, they will start from a clean slate. If Shareholders were to lose her, who will invest in ME companies in future- Even the iis will think 100 times.
Hence the reason Abu Dhabi backed Financial Group (Mubadala) is looking to have a stake in it.
Deos, Dogger69 and others, don’t panic. It’s all happening for a reason and it will start trading again. OK might not open at what it was closed- but hey ho, we can live with that. Good luck all and DONT PANIC
Hi Deos, I hope they return and reach £17. But you know what first thing first- I want them to return to Trading ASAP. I’ll be happy if they open up at £8. That will still mean a loss of around £6K for me but atleast my money won’t be blocked and I’ll recover the loss somewhere else. And I hope the same for you that you recover the loss somewhere else as long as we get it back on Trading.
When do we think it will be back Trading again?
Thanks
It is definitely blessing in disguise, the SP would have been properly hammered otherwise.
My only frustration is that my funds are blocked now for don’t know how long. Having said that I think it will be back Trading by he end of April. Till then let’s just switch FD from all the speculation
What do you expect from any stock, everything is down
Thank God, otherwise it would have been a double blow...
Hi Adzy, can I ask which platform you use for going Long or Short.
I take you are doing options and not CFD?
Thanks
No point stressing about it now. The company has done us a favour by suspending it. The SP will open again. It’s a FTSE100 stock and FTSE 100 has a reputation to live for.
What price it will open at- no one knows and no point speculating. It will be from a Clear Slate and we know evey discrepancy and irregularities will be addressed by then. its A profitable business, just keep that in mind.
Institutions have bought in Millions with all the contingency in mind.
I won’t lose my sleep over it and will come back when it opens again. My only frustration is that my funds are blocked now and that restricts me using those funds elsewhere. But hey ho, we live with that.
Just be easy guys and don’t forget it’s just money and we all have a lovely family to love.
God Bless All or shall I say God Bless America (Trump Version)
Glad it got Temporarily suspended otherwise I would have sold for a loss of just under £10K.
Hi MrD, I’ll be happy if it opens up at £10.
Thanks Autonomy, appreciate your help.
Hi all, does anyone know how long will it be suspended for?
I know PMO got suspended for 3 weeks in Jan 2016 but I assume every share will have its own arrangements....
Any help is highly appreciated. Thanks
It’s just gone up by 10 Cents from 10:35 to 10:45.
I’ll be happy if it sticks around £8 mark tomorrow....
US Market Live Trading Price-
https://www.bloomberg.com/quote/NMHLY:US
You might not mate.... let’s see how the market reacts- don’t forget all the iis bought into it in last couple of weeks.
The only reason I can think of is that this was expected by the market and we might not see that big of a drop tomorrow.
They are effectively cleaning all the crap.
The SP didnt tank when those 3 Emrati Share Holders resigned and the SP did boost a little when Shetty re-signed. So we might see an opening SP of between £8-£9
Fingers crossed for all the LTH
Flava- what made you give that figure of 943??
Hi Adzy, I know you went long in to it last week. Have you still got any stake left in or did you sell all today?
Guys I know this is not the RNS we were waiting for but I genuinely think that most of that has been factored in the price.
Whenever we received an RNS with a Director resigning, the SP increased a little.
I am not saying that it will definitely stay the same or increase tomorrow but I think it will not have that serious affect on the SP
What will be Opening Price for tomorrow?
I reckon around £8
Any guesses?
I am not sure if the RNS. It comes across as a bad one and we might see a dip tomorrow but the SP has taken into account a contingency and FD this sort already, hence the plunge from £26 to £9.38.
We could also see a little bounce tomorrow taking in to account that the company is sorting all the crap out.
Might not reach £15 as we were expecting earlier but can still reach £12 in next couple of months.
GLA