Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That's bollo*** micoley, i'm not sure I've gone a week without posting on here, come rain or shine.
I commented a number of times regarding Argo's cash generation in the early months of this year recognising it as an obvious positive whilst also highlighting that a few months of profit before revenue is slashed in half isn't going to save them. I don't think I was wrong.
HarChris you were a bit quiet when you thought that Argo could be making profit and now you appear to be back on the negative train.
In regards to Argo it's not enough to be slightly profitable, to overcome the situation they are in, to offset the high net debt and challenges of replacing fleet and growing (if possible) they need to be bringing in at least a few $m in cash per month which means ~$6m ish revs per month - to achieve that realistically we need to see BTC around the $140k mark.
I hope Argo survives I really do ,the btc numbers argo needs will send Mara through the roof , gst touch paper will b ignited soon and it will explode for sure , Iv been loading up gla
The next difficulty is not the true change, as it was mostly in the pre-halving period, so the real sense of network drop will be seen on the subsequent difficulty change, which will be around 2 weeks away. However tentatively I think we only get a 5% to 10% drop based on current rates of block production.
However the 1BTC plus fees just now are the unknown, if they stay at an average of 1BTC, then instead of 50% miner revenue post halving, it's more like 60-65% revenue - or ~20% more revenue than the market was expecting.
The market hasn't priced these elevated fees in, but whether they persist remains to be seen.
Now just need this HK ETF to go live to lift demand.
Well with two days to go until the next difficulty adjustment it looks like there won't be much change, certainly not a big downgrading to somewhat offset the halving of rewards.
Yes fees will make up a small part of the loss but right now Argo is mining the equivalent of barely more than one BTC per day so perhaps $85k per day/ $2.5m a month revs, $3m tops - that's what $1-$1.5m cash burn per month?
Perhaps one more small placing to keep them ticking over until the hosting agreement ends and if no massive move in BTC, well ahead of hash rate, it's lights out.
Haha @ Chaebol. You are a cruel man... but fair )
I forgot about ARB, another one or Mark's tips that's ending up all the way to the bottom!
Just stating the facts Chaebol! ;-)
Im all over GST Long investor at 1.1 p average, im at the bottom already imo.
Full FCA approval should be met by Q2 Q3 and then should be trading at multiples at what is now. Ill be gloating on GST one day in the future for sure!
We pay and take our chances in the adult world of investing and TheeeDuke caught argo at 5p and i doubt many investors have ever had that sort of win! He personally lost a lot of money in TNT and BLU and probably feels worse that he advised it to people over the money he lost as he is that type of person.
Lets all play a bit nicer here! good times should be coming for everybody....... lol apart from Argo holders.....youre toast x;)
"biggest and most undervalued share on the market has to be GST"
Mark, is that like BLU or TNT? - Readers beware, TheeeDuke has a history of pumping / leading people to shares which go south, all the way to the bottom!
Money, biggest and most undervalued share on the market has to be GST, @chaebol has mentioned it here and know hes been building s stake there, check out its RNS today and well worth doing little research on. ATB
@CLSKBull @Chaebol @Misterbeck - haven't been on for a while, but appreciate the comments. Genuinely not here to score points though or have petit arguments with random people - just want to make money that's literally it. some of the knowledge and idea sharing on here is top notch. Literally just wanted to share my buying/selling strategy and hear other people's, not saying one is better than the other etc but selling up in March has turned out nicely.
With the halving event occurring i'm starting to buy some miners and will be the same ones I mentioned - CLSK, MARA, WULF, IREN and DAGP ETF using Interactive Investor (pay no fees currently as took advantage of their free £50 trade offer I posted).
Would much rather there continues to be a collaborative effort to help each other out so we can all make some $$$
Very bullish for the coming months and I think the business-end will be around November/December when things will really ramp up so see the next couple of months as a re-accumulation phase of those aforementioned miners.
Good luck all!
Rewards starting to climb again. I’m not seeing a big uptick in hash yet but I also might not be looking at the figures correctly. Block average is now getting longer.
Sorry brain not working, 6 blocks an hour not 10, so not a massive drop in hash after all. Makes more sense!
Yes good luck all, getting exciting again.
85 blocks since the halving which should be 8.5 hours, but here were are 16 hours later, so potentially hash has decreased more than I expected, but will know more over the coming weeks.
Yep well done all who navigated the last month or so without losing too much of your gains. In hindsight I'd have been better staying in cash for a while but am pleased I circled around between various miners and mstr. At least it was a better strategy than hold and hope would have been when I was pretty much all in on Mara a while back just before their results.
Wednesday things certainly shifted and through Thursday and Friday I tried to follow signs of strength. I'm now 95% miners and nearly half of that in Mara. Not felt so confident about the upcoming days and weeks than I have in the whole run. Whether that's a good or a bad omen remains to be seen - but agree to it being exciting times.
Here's hoping we all see some decent returns in the near future whatever approach you've gone for.
GLA
Wednesday did seem to be the turning point and the bottom for now, now the market has to start pricing in this tx fee mayhem, no one anticipated that.... hopefully we all get some good love next week but like always expect the unexpected.
@CLSK - Well MNS already got the 1st part of his 4th April prediction correct. "Expected drops leading up to the halving due to uncertainty in the market, and some further drops immediately post-halving before things settle" Its was a brave strategy to ignore fomo and stop out of the miners approaching the halving, but it has paid off. Maras SP for instance has fallen 10-15% since 4th April. There has been a slight upturn with the miners since Wednesday. Of course no one could have foreseen the ME disruption coming last week just before halving. PI did hint it might be coming. Whether MNS gets the 2nd part of his prediction remains to be seen... I dont think anyone can predict what's going to happen next week... exciting isn't it! Gulp...
Same to you.
Youre mentally unwell.
Get a grip you berk.
Why mention my bet chaebol. no one won. just stirring things up as you bear grudges. lol. go and make yourself some horlicks.
Poor chaebol bearing grudges. he hated clean spark the best performing miner. the bet moron between me and money never sleeps was clean spark and no one won as it ended at 16 dollars on the 18th april. clsk bet with him was on the price of bitcoin and clean spark. nothing to do with me. stop twisting posts to make me the bad one. you should of bought cklean spark at 2 dollars oh clever one. lol.
Well Stingray lad Argo go into receivership on Monday after running out of money yesterday
Mns is waiting for a miner drop post halving, presumably next week, to buy in, might still happen but might go up instead - who knows at this point.
Oh right. Im seeing MBeck and CLSKBull graciously congratulate MNS on a great call.
You on the other hand see something else.
'Well done" MNS x;)