Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Serious question
Just been on Blonity site and they were talking about CLSK (not a holder) and how their strategy in hindsight has been much better, slower growth, no hodl, cheaper cost base, built up reserves
This got me thinking
PW (still CEO and 'interim' Chair) handpicked his directors.
SG was chosen because of her finance and crypto experience, allegedly. Now, if you truly believe this, then are there questions to be asked of her position, because if so good, why was the HODL approach followed and if it was challenged then why, as chair of remuneration committee, is the PW share benefits scheme being brought forward again.
Be interesting to know who people think are solid, good directors, and who, well, have not acted in the best interests of shareholders? (or are just not up to it)....
unsure worth noting that it is my feeling that PW handpicked directors to support his OWN interests, more than the companies, although I expect this will trigger a few - but, I ask those triggered, do you really think it wise and/or appropriate to have someone chairing the remuneration committee who has publicly praised PW, to the extreme I feel, and is a major shareholder, and has her boat name ARGO - all before appointment - is she independent to you, as a shareholder?
it will be up tomorrow, good opportunity to get out ;-)
ArgoBull - you clearly not read what I put
AP has rated Argo last, consistently, yet he has said on the telegram group he goes easy on them
Why, because he says he is a shareholder
Now if your own data said they were the worst, and you are an analyst, why would you then state your largest holding is Arb
Now, that is either in denial, foolish, or something else, since your own research says there are better options
although I expect every holder here to have a pop or be in denial, just like some excited cluck0ld, it really is essential to consider wither the guy servicing your bias is actually doing you over & servicing your missus when your at work & is being paid to do so ....... only for you in 6 months time to lose your pension, house, big TV, car, kids and your dog!!
He is a regular analyst, on Twitter and Arb Telegraph (as well as Blonity Telegraph and Discord)
He has recently had ARB as the 6/7 best miner, from a technical perspective, yet consistently stated ARB is his largest holding.
Now, he has admitted, on the Telegraph, he is paid for his analyst, yet not on the website as a member of staff for the company he said he works for
BEING REALLY SERIOUS HERE GUYS - be careful who you are looking to influence you
As the question I have for him is, are you being paid for by a representative of Argo, either directly or indirectly, to state ARB is you largest holding, despite the data saying it is far from the best
And, if you are really good, as an analyst, did you factor in the dump of the miners, so you holding is actually immaterial, i.e. you hold 2 ARB shares and 1 of the rest lolol
Ahhhh Funky Finance, I am not giving you financial advice, but do please note my credentials as a licenced stock broker on my, which I mentioned on all my you tube video's, which I have now deleted
Thee Duke is sound, he has made alot, but also lost alot and bought alot still up top, so he was never in the pump and dump crew
However, can also add Lolmcshizz to that list with his £50 a share calculations - also dont forget Blue Dolphin, now a director, pumping some insane figures also (a crypto expert apparently!)
Be careful, no bears are allowed in there, that is why many are holding still from £2+
24p, with a pump at 8.15 to 28p (as people BTD :-/), then a further dump to 22p
unless BTC recovers.....
Don't tell you I didnt warn you, just popping out to get a fresh pack of butter
Share Buy Back - IMO there is a reason they all bought shares recently
Hope it pumps the price a bit, directors sell, but still pumps under the expectation of share buy back
Then 10% dilution
Raise cash
Operate a bit
Wait for SP to tank
Buy back shares at lower rates
Shortly after share buy back
Look at BOTB!
Ohhhh yeah, dont forget about the PW tweets suggesting M&A
IMO, just say no to them all, including reinstatement of directors, they have all overseen the tanking of the share price and over paying for the Texas site
Franky - this is why i said 'fail'
BTC will always be around, or for a period of time anyway even if it does FAIL to do what people say it was meant to have achieved.
However, it wont 'fail' to zero, since just look on the Argo Telegram Group, there will be those who are so engrained into it that they will still #hodl even at $10, because, well they may as well in case AAPL comes along and buys all the bitcoin for their new app
PI - I agree
I agree that Bitcoin has become huge and to big to 'fail' but it has also become manipulated and, as a result, $100k is just as likely as $1k.... probably wont happen, as up only doesnt allow traders to make their money and $100k creates a problem for the dollar its self - be lucky to see $60k again
TBF due to the russians most of us wont have any bread soon
PoorInvestor - Chart’s don’t lie, take a look. Imho
Agree, they dont, ARB chart is terrible <10p IMO
Also BTC chart not great.
However, as well as those straight lines, just take a step back and also think
BTC was pennies decade ago. BTC was sold as an inflation hedge, great. So if its an inflation hedge and since BTC has increased greater than inflation in past decade you could, fundamentally, say that BTC is currently priced at a premium which LTH are now cashing in as its done it's job
AB - I agree, likewise, been there
But seriously, that is why I do not see Argo, or most tech shares going anywhere, unless they invent cure for cancer or something like that - there is no money to pump the m/caps, look at Aim Total m/cap for example - retail paradise before
Survival is name of the game, in the meantime, research companies, understand companies and wait.... wait for the trend to begin to turn as most retail it is hobby money, which in 6 months time they probably couldnt afford to lose
Easy to be a Financial Genius in a bull market and easy to lead those up a path of oblivion - some perhaps should have known better perhaps, especially if working in financial markets (ohhhh yeah NFA covers it, please ignore the licenced broker in my bio tho lol)
Those stop losses will trigger, but will there be more stop losses or more buy orders - lets hope Apple comes in and buys some cheap bitcoin ay!
lol, I always check price of food, keeps it real
if food prices are increasing by 50% and you are not concerned, as an investor, you need to re-evaluate especially if in tech companies
So who believed their price predictions then?
I thought everyone who bought into Argo would have Lambo's by now?
TBF to Blue Dolphin, she held, others tho - PUMP and DUMP wasnt it!!!!!! no wonder all so quiet now a days
Agree, people are still spending money, despite those who are poor really struggling
Those in power will only act once the middle class start revolting and at moment they are not, they are just sucking it up
So in the meantime inflation will be allowed to run, interest rates will be increased slowly, but:
* high oil prices brings in tax revenues to pay debt
* high inflation reduces value of debt
The market will be allowed to crash, as basically they dont care about retail
Tide will only change once middle class people start defaulting - this is reality
But in meantime no one will be interested in crypto, bitcoin, or companies operating in emerging volatile markets - especially when companies such as apple, google and various large FTSE100 companies are dumping!
Wait until the pennies, hoover up and enjoy!
Just been watching cost of living program, 50% increase in margarine, literally people being priced out of food staples
Yet perma-bulls expect this share price to recover to £3 in the next 2 to 3 years, even talk on the telegram page that btc will recover next week
Are some of these people so well off that they are far removed from reality, just dilisional or really have zero idea
After watching that program, seeing all central banks being hawkish, then it is clear retail do not have the spare £'s to pump you out of your bag carrying
On top of that almost $2b owed by miners for machines 'ordered' last year, how they going to pay for this and Argo is part of these figures I well imagine - the debt of these miners 'ordered' could well be more than Argo M/Cap soon! (but but but Helios is worth $200m..... no they paid $200m+)
So SP bottom predictions, I think will be less than what I thought more think about it
BTC will bottom out low teens, BUT, ARB will continue to drop because of debt and retail are to busy buying expensive margarine to feed their kids, as well as buying £2.50 to £3.00 a litre fuel
So, lets go for 7p! Maybe even 6p a share!
PW's options at that point may not seem so generous
This is if it survives, noting MARA was on record last year saying mining does not make sense <$30K