The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Stumbled upon APF after a notification from Primary Bids about the Voisey Bay offering. Still doing some research at the moment before buying in but itās this that has peaked my interest.
Cobalt in battery powered cells for vehicles is a really important mineral component and with Ford, JLR etc. committing to various fuel free vehicle targets itās only going to become more important. Itās also important in the vape market for those that arenāt aware (another growing industry).
Anyway as has been said ESG is becoming ever more important and a mine in Canada could potentially save a lot of red faces, fines and NGO action. There are plenty of reports already out there on conflict minerals and labour violations in cobalt mining, smelting etc.
If thereās a well run, reputable mining company able to mine cobalt in Canada with stricter labour laws and due diligence it could save a lot of hassle and stress for companies currently procuring through supply chains with Tier 3 and 4s in the DRC.
Itās not particularly and we know weāre profitable well beneath our current level. I guess for me an increasing BTC price offsets a couple of things that some people get really hooked up about and then sell in a huff (from what Iāve read). The main one being share dilution.
The other thing Iām conscious of (and there may be no reason to be at this level) is another F2Pool or similar sell off from around the 22nd March. It might be backward thinking but I feel like being 10k higher is better for when they sell. That being said.. maybe theyāre quite happy at 50?!
Seen a few posts about the RNS tomorrow.. has it been confirmed it is being released tomorrow? If so I may have missed it (my bad).
Just didn't want people to wake up in the morning and not see an 0701 update from the team and start stressing out. Looking back over the past few months they've been 3rd or 5th of the month which has occasionally fallen on a Thursday.
Just checking! :-)
Not to mention we'll hopefully have a much higher sp and we'll have found a new support level. If you look at last week it actually held up pretty well! Who knows maybe by this time next month it'll be bouncing off Ā£4 and not Ā£2...
Agree with this. Although the shares landed in my account on Friday I wasn't able to trade until today (and have left them sat where they are). I'm expecting some profit taking for the first part of the week before this begins to settle down and then we'll see what happens as RNS arrive.
The incredible board, market potential of the products being described, brand Beckham potentially supporting the PR come Autumn and retail opportunities being discussed means i'm quite happy to sit and see what happens. I could take the Ā£2k profit now but for a relatively low outlay i'm happy to sit and wait a few months.
It'll settle down but expect it to go lower before it does as shares land into accounts and people look to make a quick buck.
Maybe Iām looking at this in the wrong way but the way I see it is that Iāve had to have a vaccination book/passport in hard copy to visit places like Africa and India in the past so this isnāt uncommon.
Those who counter that it is a hard copy document and not electronic personal data seem to forget that the NHS have all of your medical information anyway which is linked to your NHS number and is a lot less secure than blockchain technology.
I know from previous experience that when Iāve visited hospital and spoken to consultants or doctors that theyāve been able to pull up files with previous conditions, operations, discharge information and so on.
If itās used purely to identify those that have opted for and those that have not opted for a vaccine for things like international travel etc. I donāt see an issue. To me a lot of the dissent is coming from anti-vax groups... whoād have thought?!
Absolute fag packet (and conservative) maths would suggest that weāre going to see an RNS ops update reporting weāve made a net profit of Ā£1.5 million which doesnāt take into account any of the great stuff thatās been going on!
(Worked it on 3 Bitcoin a day at $40k average price and margin of 65%)
If that is the case then there really is nothing to get too worried about even with BTC dropping as it is at the moment (anyone remember Jan??).
Thereās trolls on this board that have invested in companies that are losing the same amount of money a year that we are making in a month! Wonder why they might be trying to scare people into selling and the price dropping..... keep the faith!
To be fair the Cyber Essentials bit is really just the badge on top of the ISO 27001 cert that the companyās ISMS is certificates to. Itās also been issued by a UKAS accredited certification body which is important.
For a company like CTEA having ISO 27001 is really very important. Theyād struggle to win a tender without it in my experience.
Just been looking at BTC since Friday but also the last week or so and I just wondered what the view was in terms of impact F2Pool has on it.
Assuming Cryptorus etc are correct then it does seem a dangerous game to slow growth. Feels a bit like the over watered plant analogy.
Initially I was all for some control but looking at the current price and the holding level it seems stuck at I do wonder whether it hinders.Iām sure itāll all correct soon enough but I do think we should be wary of the likes of F2
After the post from Ian and in one of those chilled Friday moods I thought Iād share a very short and not particularly exciting story that might be of interest to those new to Arb or spiked. Particularly when you read about people paying off mortgages or cars being bought etc.
Cut a long story short and I moved my savings (10k) ISA at 0.001% into a stocks and shares ISA around Nov 19 and bought up with the likes of AO, M&C Saatchi, Wetherspoons etc. and did relatively averagely to be honest. Covid came and knackered it but I continued to move savings and my monthly payment into my shares ISA.
Dec 20 I bought 1000 shares with Argo at about 38p off the top of my head. Knew a bit about blockchain and had friends that had made good money from buying Bitcoin in the past. Jan I went and upped to 68p a share and a few thousand more. Kept buying and was over Ā£1.02 when all hell broke loose in Jan with the SP, BTC and this board. Anyway got spooked, sold most and then watched as it dropped. I then watched it rise quickly after and bought more back... less than I had and now at a 78p average. Iāve now seen the rise to 3 times what I put in and the rise the more ānormalā posters on here expected.
This week it dropped and Iām now in the fortunate position that unless it hits 50p Iām chilled. This helps because Iām earning decent money and learning markets but also because I feel I know where this company can go and the industry it is in, particularly in the world we live in.
I think what Iām trying to say to those reading is that not everyone here have ten bagged and have 07p averages but there are plenty like me who bought in, got caught, spooked and then bought back. If you feel Bitcoin has more to go then for me youāre in the right place. As hard as it is donāt look at the red, look at the RNS, fundamentals of the company and the excellent videos the Argo team put out.
I believe thereās Ā£4 by the end of March and Ā£10 by the year. I may be well out... either way! But for those that are in that position of looking at people making crazy money and are now down.. thereās plenty of us like that but weāve come the other side and hopefully weāll be bowing out with our cars/houses in a few years to come. Trust the research youāve done and donāt worry! Itāll happen!
Looooong story! Sorry! Enjoy the weekend and hereās to Monday.
Fair play! I probably joined here around the time it was all kicking off in January and itās quite funny to think that you were viewed (to me anyway) as being a bit negative/de-ramping stuff.
Good luck and glad youāve made some cash!
CME website says 1600 close on futures today:
https://www.cmegroup.com/trading/cryptocurrency-indices/cme-options-bitcoin-futures-frequently-asked-questions.html#:~:text=no%20contrarian%20instructions)-,Termination%20of%20Trading,on%20Last%20Day%20of%20Trading.
Same here
Trying to get my head round the final part of the f2pool puzzle... are they looking to try to influence sustainable growth in Bitcoin at a rate they are happy with or are they happy with $50k?
Iāve read some stuff that suggests itās sustainable growth but it does seem like theyāre dumping and keeping the brakes on more than is necessary.
Quite happy to take what I make and put it into MXC and increase my (already very decent) holding.
At least MXC are in a similar industry! The ARB BB is full of questions and thatās just because Peter Wall is a Non-Exec Director.
Anyone with AJB got theirs yet?