Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Amongst other "victims" of this fiasco, it's the National Park and many of the locals I feel sorry for. They held firm against the expected kneejerk opposition of various members of the "eco lobby", and after a very, very protracted process, which must have cost them huge man-hours of work and deliberation, gave the green light to a project which they, like we, were given every surety of success for shareholders, workers and the local economy alike.
Mr Rocket, the canal folk will survive, albeit with less expectations of untold riches. There are some firm foundations to the local economy, and the folk have not let the disappointment of the Tyndrum extension quash their spirit of enterprise. The Shy Lockkeeper's daughter is churning out a successful new line in samplers, 'Put Not Thy Faith In Gold', Mr Patel has put in a bid for a number of former Wilko stores, the Rev Grimm has taken a 'Team Ministry', embracing Northumberland, Suffolk and Cornwall in addition to South Worcestershire, and Sir Jasper will be turning the grounds of the Hall into a theme park. Our two favourite characters, though, are showing the most imagination and grit of all in the face of adversity, when they will be appearing on a Saturday night talent show with their own unique act, harmonium playing on horseback.
Still nostalgic for the old days of yourself, the Hon. Basil (Mark 1), the Shy Lockkeeper's Daughter, Sir Jasper, Champion the Wonder Horse, Miss Wemyss and the all the other colourful cast of characters. Happy days, while we waited all those years and years for SGZ to deliver.
Bogger! No harmonium! ( You have to have been on this board for a VERY long time for this to make any sense :) )
I would very much doubt it, DGR. That sort of long-term hold is very much the realm of the professional investor and institutions. Put simply, most of us smaller investors would, for the sake of the argument, take £100k now rather than wait 25 years for a possible £10million.
Yes, I guess we're all feeling rather more comfortable, and it's good to see two non-red days in a row, but let's keep our feet on the ground folks. We've gone from .19 of a penny to .23 of a penny. We're some way off being able to tell people where they can stick their gold, frankincense and myrrh.
I don't know if Max has already posted this (apologies if you have, Max), but looking good.
https://www.mining.com/web/rio-tinto-aims-to-add-more-iron-ore-with-stronger-china-outlook/
The only slight drawback to this, though, wents, is that if the MMs insist on NEVER moving the price up incrementally , by even a small amount, on each piece of good news, it keeps us off the radar of would-be new long-term investors. At the moment, as WE see the de-risking we are nonetheless talking to the converted. If and when the massive re-rate occurs it'll quickly suck in the fly-by-night boys who cause so much disruption to a stock. I would personally like to see slow-and-gradual than a rollercoaster.
I wonder if consolidation might occur at some point? I understand that there's an argument that, say, 50p as an sp gives much more credibility to a stock in the markets than 5p, let alone 0.50p. Even though, of course, in essence nothing has changed. The value of our holdings remains exactly the same. I say "I understand" because it is not me who is advocating this, it's just an argument I have heard in the past, and I have held penny shares where this has happened.
I think, cj, that the nuance is different. I'm not sure that panic is the right interpretation of people's feelings. It would be if the daily drop was 25% not, as you say, actually quite small in itself. I think the clue is in Wents' thread title - Relentless. Rather than panicking, I think folk on here are just resigned. This is how life is with this share. And until substantive news arrives, it will continue to be. Wents is correct in that, in the meantime, the bottom is hard to judge. If the news does not arrive before Christmas, sub-0.10 could be seen, perhaps.
Exactly, HH, it's the 'critical path' that I have alluded to once or twice. Goodness, that takes me back to about 1972, and tedious evenings at 'night school' learning about 'Critical Path Analysis' and other mind-numbing topics. With the benefit of hindsight , I wish I'd been an art historian or a horticulturist.