Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interestingly when it comes to ISA I did just that this morning - I added 4500 more OBC.
I've maxed for this FY but come April I need to get some OBC shares out of my share account and into the ISA with the new year's allowance. Capital gains allowances are frozen at the moment, but I reckon windfall taxes may yet appear in future, so the tax exemption of the ISA is needed.
I think once OBC starts to move, it'll snowball rapidly. There are several on the discord who already hold big lumps of OBC, (some very big). Maybe the money will come not from the mainstream investors, but from the crypto side.
One advantage of holding shares over crypto (assuming in an ISA), is the tax-free appeal, compared to crypto gains, which are taxable. It certainly appeals to me on that basis. Going to have to look more deeply at the tax side asap, thanks to UMBR's stellar rise..
Anyhow, OBC just nudging up now, hopefully it will accelerate from here. I think it paused around the 44p price because several key MAs sit at that level, notably the 120 day MA at 44. Immediate chart set-up looks to me like a 5p rise from here is likely, to bring us up to where there is some resistance at 49p, and 52p.. Doesn't feel like there will be long to wait now.
It's good PR Delferg and appreciate you posting it as ever - but it needs a "bridge" of its own to be translated into mainstream investor speak.
People with cash to put into AIM shares like to see boring stuff like EBITDA, net book value and sales growth.
I believe it will come but it'll take a bit of patience for real returns in the SP - in the mean time I'm very confident that OBC is cash/equivalent rich and will not need to borrow or place - now it's down to a return on investment for us.
Said it before - look at the 3 month BTC to USD chart and then superimpose on the 3 month OBC shareprice.
It's uncanny - and that's because OBC don't deal with conventional investor relations, so the market just lazily lumps OBC into the Crypto sector and it bobbles with BTC.
There is clearly stuff going on with UMBR price, bridge activity, ADVFN share etc etc. but it's all a quiet in-house story.
If and when the company is understood properly or it makes a material profit or pays a dividend it will have the market's attention and will re-rate.
The UMBR Token is almost at $7 and has a market cap of around $65,000,000 and the network gives OBC something like 40% of all transactions for maintenance and development.
Taken just that into account it seems odd that the market cap of OBC is so low
https://twitter.com/zeneca_33/status/1491656542747250688?s=21
https://twitter.com/oskiidev/status/1491484419764461568?s=21
Fantom bridge coming very soon.
According to a recent interview with Clem Chambers we own a "fairly nice chunk" of Umbria tokens. An exact figure is not known. It would need to be declared in an RNS
I know this has been asked before - but I can find no clue in the financial statements: do OBC actually hold any UMBR?
If they do then this is becoming material, but all I can find is the stock line that OBC are acting as an advisor and consultant for UMBR.
https://twitter.com/devbarnyard/status/1491431622398205959?s=21
Don't visit here often but with UMBR heading to the moon (up another 21%) today and ADVFN up for sale would have thought these would be knocking on towards a £1 + not 45p!! either way I have continued to add and now have a shed load as value will prevail at some point....
UMBR market cap now $64 million.
Umbria Network's project makes bitcoin mining seem like old hat.. The market cannot ignore it much longer.
Token now $6.25. It was $2 at the start of this year. In that time OBC has gone up by about 2p!
Just waiting for the turbo to kick in...
Google BTC to USD and compare to OBC share price.
I always say how wrong that is because we're not into BTC, but it's how the wider sector seems to flow.
I'd have thought if UMBR was up like that and the rest of the OBC caboodle is coming together more and more then we'd be at 80p-120p by now. So either I know even less than nuffin as one may have long suspected ...or the sector is falling out of favour.
$6.02 now. :)
The UMBR/ETH chart is a thing of beauty.
The rise in UMBR is starting to go exponential.
It's strong movement - outstripping BTC and ETH this year to date.
Great sign for the bridge.
https://coinmarketcap.com/currencies/umbria-network/
$5.98 new all time high this morning.
Up almost 10% today.
That'll do for a start.
UMBR continues to rise, currently about $5.70
Pretty good day all round. Expecting OBC to continue to rise, having closed above the 50 and 120 dat moving averages . A golden Cross should form on the chart within a week or so, which will give a nice buy signal (when the 50 day MA rises through the 120 day MA).
Expecting a good, sustained rise over the next few weeks.
Chart set-up looks really good tbh.
You can stake your crypto here to support the network and earn interest
https://bridge.umbria.network/pool/
Exactly Bennster.. Shares are quite tightly held, and not that many available until price rises enough to tempt sellers..
Nowhere near that level atm IMHO. The Umbria Network metrics are all looking unbelievably good, and all increasing at an accelerating rate. OBC sp cannot ignore that any longer.
People on the discord were fretting about buying UMBR at an ATH just a few days ago, when it was $3!
certainly been a bit of buying action this morning Dubjon ;-)
You're right, of course, the low free float acts like a booster - and there's no recent placing looking to sell quickly as there is with so many other AIM stocks I hold, so in theory there's nothing to hold this back.
MMs don't look to have much stock... snaffled a few more early doors.. can't seem to buy any more until somebody sells a decent block..
All aboard!