Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Lang may yer lum reek" is indeed a Scottish phrase. The precise literal translation may be debateable but that is not really important. The phrase is used as a warm expression of good wishes extending as far as possible into the future.
The one thing I am looking forward to when all this is over is an end to the abuse some holders feel it incumbent to pile on others. Let me tell you all - this abuse is beside the point, very boring and really quite undignified. Love thy neighbour as thyself.
I think it would be highly misleading for the directors to suggest that they were only having discussions with only one other party, if they had actually had any purposeful discussions with another miner. I think it would lead each director open to being sued for losses incurred by such a deception. I cannot believe the BoD would take such a risk. They will have certainly been talking to their lawyers throughout this process.
I have seen how truly dreadful the effects of depression can be. If you are one of the poor souls who lost a lot of money here, please do your best to maintain your mental health. If you feel in the next few weeks that life is getting on top of you because of this disaster, do seek help from your GP asap. Life is still worth living and the medics will help you do so. I'd like to offer my heartfelt sympathy to all who have lost money here. May you all find a way out pf this torment.
If she's on the right track, and she may be, then another punt might be worthwhile now. Hitherto, I have been a pessimist but in all honesty it's difficult to say absolutely that LL's prediction is without some hope. Maybe I will buy some more. Not much because we are more surely invested elsewhere. Just a little flutter, perhaps. Hope all you who are heavily invested here make it big time. You've had a lot to endure.
I find it interesting that, given his strategy of trying to win north-eastern seats from Labour, no promise was made by BoJo to Sirius during the election campaign. Such a pledge would have been a sure vote-winner. Now that he is safely installed in Downing St until 2024, why should we expect any change of attitude from him? He presumably has been advised already of the unsuccessful history of Sirius's efforts to raise funds. He has plenty of time to see whether Sirius collapses and a bigger company with the necessary finance buys the project. In that connection too, I do think we ought to ask ourselves why on earth no big miner appears to be stockpiling the shares at their current miniscule price. Them's my worries.
So sorry to learn from your last post that you are down ca £100K on SXX as matters stand. With all my heart, I hope you get your money back.
it seems amusing to recollect, was reduced, on 8th November, to only 4340.
Sorry for all sellers at that price.
You have to wonder why someone holding such a condemnatory view troubles to read this board. I don't much care for the use of palm oil either but that is only one of many considerations when looking at this share.
As for Brexit, if and when we do Leave, there will still be very unstable times ahead for the British economy. Our GDP will inevitably tumble and Boris will still be uttering vacuous platitudes, supported by the mindless right-wing press. In such a climate, investing in a company which earns most of its returns abroad seems a sensible choice.
In yesterday's "Times" Jaap is quoted as saying that he "brings a wealth of highly relevant financial experience within the sector to the management team and tobthe board." Dominic Walsh of the"Times" thinks he "ticks all the right boxes" having held a similar post at Sino Gas and Energy Holdings . He also worked at Talisman Energy, a Canadian oil company. GK hopes to increase production at the Shaikan Field to 55,000 bpd in the first six months of next year, apparently. We shall see.
How does anyone think Corbyn has the slightest chance when there is almost no prospect of him winning back 45 or more seats in Scotland?
I didn't want to sound like a smarty pants CE, but since you ask, my wife and I have been invested in Unilever for nearly two decades. But I repeat, compounding matters. I wrote about compounding in a genuine attempt to help those who have lost money in SXX to recover some of their loss in the years or decades to come. Abuse me if you like. It's of no consequence to me. I have had my say and I am now leaving this Board for good. Ìt's Saturday and I am up bright and early to read the FT before going out to play. Best wishes to all.
But I only cited Unilever as an exemplar. There are several other examples. And anyway how do you know how Unilever will perform in the next five years? My point remains: Unilever has proved a good investment in the last decade. No doubt others will do well in the future. But compounding, in an ISA, offers decent prospects. Shoot me down in flames if you like, guys. My divis will still keep arriving, and will be re-invested. Signing off now. Crab claws and cool Chilean wine await. Night night.
On 14th Nov 2014 Unilever was at 2605. Now look at it. 46something or other. What if one had re-invested the divis? I rest my case.
Boom 123 my reason is this: many inexperienced people have sunk all their savings into sxx. They have lost put badly. In the hope that they still have continuing income to invest for their retirement or whatever, I tried, honestly, to highlight the lessons I have learned over several decades in the hope that over the next few years they might secure for themselves a better future. I choose not to speak of my other investments for reasons which must remain private, but I will say this: look at Unilever's price in 2008/09 and compare and contrast with today's sp. Now consider the addititional effect which would have arisen from compounding the divis from that share over the past decade. Yes, of course, it is possible to identify oilers and miners who have done well but consider BP, Tullow, Dominion, Amerisur, and a few other catastrophes and you might come to understand why I regard oilers as too risky.
Which has driven today's sp rise, I feel, albeit reluctantly, that this is unlikely to be anything more than a dead cat bounce. I am neither a ramper or a de-ramper. I regard both such activities as vile and shameful and as I have said before, I am heart-sorry for those whose hard-earned seems, for the moment at least, to have gone down the pan. I wish it were otherwise but until some positive news emerges I am steering clear of sxx. There are bucks to be made elsewhere, and if and when sxx starts to climb on the basis of real progress as opposed to wishful thinking, then there will still be a chance to make money on sxx. But consider this: Unilever has lifted 12% in the last week. Some serious fund managers will have done very well there. Investing is not an easy game but it can pay off. My advice is to read as widely as possible before diving into any share. Me? I watch John Lee's occasional column in Saturday's FT and Simon Thompson in IC. Even then, I spread my risk across a number of fields. Generally I avoid miners and oil, but that's just me. Sometimes a boring share pays well over the long term when you re-invest the divis - the miracle of compounding. Heartfelt good wishes to all. Sounds pious, possibly, but I do mean well.
May I suggest Chris Dillow's article in this week's IC? Equities only really make money over the longer term, he points out, not by capital appreciation, but by compounding dividends. As I have said before, my heart goes out to all those who have sustained loss here. May I recommend regular reading of professional literature before investing more. Me? I'll be investing in defensives. Although the British economy will be badly affected by Brexit in the coming years, people will still need food and other comestibles. Yes, I like a flutter too so I'll be following Simin Thomson in IC as well. But it will be Unilever et al where most of my punts go.
Sorry but anyone who pays any attention to this disreputable rag (which once endorsed Hitler) needs to tead less rancid journalism.
of a dark horse building up a stake here. If that view is corect, does it tell us anything at all, I wonder?
After all, this is the Prime Minister who said "**** business."