Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No!
CLSK Sell Every Month
HUT8 HODL
Both do it consistently
Argo, swippy swappy, cannot believe a single thing PW or the board states
I always said the governance arrangements allowed him to get away with ripping you all a good one... dont be suprised to see him, or Sarah Gow selling, there is now no sensitive info, apart from DD results, its all at the market.... apart from cash flows, so lets see if either or both are dumping, remember PW has 7pence options
It is not like they have abided by gold standard governance since going on nasdaq
PW - "there are no plans to dilute"
Stated twice
Opppsie!
Next RNS will be a TR1, Sarah Gow has sold..... IMO
no, but they will be dumping! wait for the RNS
To see Peter Wall and Sarah Gow having dumped their shares
Using the RNS, where they talk about potential dilution, which itself is very unusual, as a cover to dump their holdings
They can legitimately say we knew nothing that the market did not already know, so could legally sell
But I am sure they will have a feeling about the Due Diligence......
You could be Sarah Gow
Watched your investment reach the top and about to go below your buy in price
While the person you sucked up to sold at the top and has managed to get you to nod through multiple pay awards
All while he appointed his mates, bought land at above market prices (hmmm), and generally had no idea whats going on
And shortly you will be having to sack that man, perhaps with a nice fat settlement to move him on.... along with the CFO and COO.... and then have to dilute even further to pay that.....
All while watching your investment creep further into the Red, when, not so long ago you were being praised as an investment genius
You reckon the directors are dumping...
and its still to much.... the company looking to buy is doing its due diligence.... what happens if it say "no thanks"
7p incoming in one session!
..... still confident wont get there?
lol, rampers are trolling IMO
The update is terrible
PW has broken promises to not dilute (like last year)
There is no governance oversight of PW
You have an inept board
PW refuses to get rid of incompetent management
PW is untrustworthy
The company has no cash or money
It is selling the assets it needs to make money
Yet you think this company will survive and recapture £3 etc......
PW is out his depth, so is the board, and IMO is responsible for lots of people losing money with his winks, promises, etc!
I just realised they are diluting too.....
Sorry, but any fool believing PW and his "we wont dilute" dribble and promises deserves to lose their money
Last year he promised no dilution, then did it!
This year he promised no dilution, and has done it!
Wait til you see the directors dumping their shares soon - Blue Dolphin has a few, bought cheap, still be in profit, but fire sale coming soon!
Its a dog!
Short Open!
I have limited sympathy for many about this
There were so many warning signs, however, the biggest for me is what I have gone on about so often - governance.....
You have a CEO, who is a chairman, who hand selected all of the directors.... who also hand selected all senior executives
There was no "What if", just blerry eyed "you are so wonderful PW"..... who would have ever thought Texas would be hot!
AB "Did anyone ask? No, it wasn't a meeting where you could butt in. It was submitted questions. I asked a question regarding overclocking testing on Intel core but it never got asked/answered"
Noting PW performance on avoiding questions I would read this as "it does not work on new chips!" or there are significant issues with chips if do, performance is not worth it or intel do not want ARB to do it (contractually)
AB - yes I recall you saying you were not happy with Alex
I agree that PW is on his last legs, started to believe his own hype, then started to buy/invest/manage other companies (Pluto and the Cannabis one). Blue Dolphin (Sarah) also followed this, who also then happened to become an 'independent' director
Being a PW appointment, with out any sort of Chairman to keep himself in check, then I think he is 6 months over his time tbh
NASDAQ tbf could not have really been foreseen when applied for, however, the bigger issue with nasdaq was all the wink winks before they even applied, around Easter 2021 recall quite a few winks then bang a raise!
An experienced chairman to guide through the nasdaq process would have been useful, but the 2021 investor votes was a clear indication of his 'own' priorities IMO, easier without scrutiny of a strong chairman(woman)
So NASDAQ failed IMO as he needed retail just as much as institutions, plus guidance, but his own behaviour ruined trust & institutions, already cautious on BTC, was even more cautious on a growing company with questionable governance and a business model which was basically build a big shed and hope BTC increases in price (and maybe hope PLUTO can give him millions to pay the wages, as well as him and Sarah - interesting that both invested in same company that Argo did, conflict?)
Back around 10 months ago where the CFO and COO were releasing sensitive info to journalists/investor they should have been fired
At that point it actually showed that PW was/is IMO a weak leader, as well as the directors.
The COO/CFO were basically then told dont worry if you mess up, as well as the rest of the staff
Since then incompetence resulting in energy deals which are poor, which means the cost of mining means ARB probably make more money selling its hoodies
On top of that I think ARB, PW and its largest director shareholder got to over confident with the huge SP increase in q4 2020 & Q1 2021 and took for granted the strong retail holding, with all the wink wink nasdaq comments, MUSK references, etc
Then allowed certain retail to pump silly prices
Further compounded by a CFO who month on month seems to release RNS' which are riddled in errors
So does governance and management team need looking at = yes
Has PW showed he is capable of this = no
AB - I actually agree, I think see of the things PW has said were in good faith, not all, but in good faith
However, this raises competence issues IMO
But PW is untouchable to a degree:
* he is chair and CEO
* he hand picked all of the directors
* the largest shareholder director literally swooned over him on twitter and everywhere else
* been allowed to get everything he wanted through recent shareholder votes
On top of that I feel PW has attempted, numerous times, to get retail to buy, i.e. small director buys, multiple times saying wont raise (but has), failing to mention bad news, despite asks and it is notable no longer does Q&A's, since mostly bad news (totally on his watch).
So yes PW took the CEO position when ARB was in a questionable position and helped it through a then touch market, enabling it to be strong, but far to many questionable decision since April 2021 IMO and a board which are weak.
If ARB does get through the bear market could be strong, but no confidence in the directors or the CFO to take advantage - also unsure if retail will trust them without some change.
Will buy though when goes towards my target price as risk v reward more worth it then
AB, although he says no plans for a rise I would take that with a pinch of salt
14 months ago he said the same, then month later he did
Then there is the recent shareholder votes allows him to raise 20% with out any further shareholder contact
On top of that the company is burning cash, plus various promises surrounding EH, all now missed
Then the Wolf of all Streets interview
It will come and I think it will come towards end of Q4 or beginning of Q1, regardless of where BTC is.
This is why the directors are taking salaries, not share options
Is it still Quarters and Years Guys
The RNS is terrible, look inbetween what being told, well not told
There are clearly huge operational issues
Electric costs are killing them
No cash streams, what will happen when all the HODL is gone? DILUTION (with out the HODL)
Governance issues still (enjoy the dilution and those bonuses PW will still get and share options, while diluting)
All down hill since PW been chair and CEO, with a group of yes men/women directors!
In 12 months be making more selling hoodies and mugs than BTC after the various hidden costs! (many things said in jest come true)
Still have my IPO price target in mind
But... but... but we have INTEL! until cannot pay Intel so have to dilute
Not been here a while, just bought miners across the board, apart from Argo, then HODL for a couple weeks, paid off nicely - sold yesterday morning, later than wanted but in time for todays dump
Anyway in terms of other miners, and next halving
It will all be about MARA, HUT and CLSK IMO
I will hedge across all of the others, but:
- MARA are the beast, gets all the attention and volume
- HUT if you believe in BTC then why wouldnt you? They have the HODL strategy and their volumes at time are on par, if not better, than MARA (and in past MARA and RIOT combined). Their B/S is one of the strongest to and as said, if it hits the fan they have sufficient assets to keep lights on
- CLSK their growth strategy is one of the best, didnt go silly in last bull run (similar to HUT) and are now reaping
Other notables include:
* RIOT - similar strategy to ARB but on larger scale
What ARB does have was a large retail following, however, can PW reap this again, I am unsure. Also they have flip flopped between different approaches and strategies, very reactive since board changes last year