Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
[*Buy the dips.
Dammit.
Don't 'But' them.
!!]
I can't help thinking that days/weeks like this are actually some sort of grand Universal Health & Safety requirement; "Right chaps, time to shake it down and see who falls off - if they can't take this, they won't handle what's to come....".
No disrespect to anyone who does get the angst, and I know it's hard when you see a negative balance, but one of the most repeated phrases on this BB is that BTC and the BTC Miner / BlockChain / DeFi space [whatever you want to call it] is VOLATILE.... How could it not be? It's very existence is questioning the foundations of most of what we all understand finance, wealth and value to be. Of course it's volatile, and it will remain so for some time, I think.
When you start to feel nervous;
Look again at the fundamentals of the business.
Zoom [TF] Out and look at the bigger picture.
Think about what's happened in the financial world since the 1970's, and in the last 15-20 years.
Think about what has happened over the past 12-15 months.
Then think about the possibilities for the world in 3 months from now, 6 months, 9, One year, 2 years, 5, 10....
Still nervous?
> This investment is possibly is not right for your disposition / view of the world & your preferred 'investment risk profile'.
Not nervous / Confident?
> But the dips & Hodl for F'n Godl.
[I still sit in the latter category, just to be clear]
[[Oh, and the charting Wizards tell me 'big up coming soon' - Still seems like some sort of Dark Majik to me, but I do see a pattern]]
[[[FWIW, I also believe that PW's current radio-silence may be due to that fact that his notoriously rubbish poker-face puts him at risk of getting called-out for 'nodding towards news', so rather than risk any potential NASDAQ listing, or breach of regs regarding insider info, he's possibly chosen to play it safe. The most recent interviews were asking some leading questions re 'big things coming', so I wouldn't be surprised if this is the case. Just a thought though, really]]]
As always - DYOR.
Onwards Argonauts!
CC
All that land in Texas : great potential as a BlockChain Technology site.
Miners. Data warehousing. R&D. Growth labs. Etc.
With good architectural input, the green energy generation can be on/in the buildings.
That's my hopes, anyway.
CC
Aye, well constructed discussion there, thanks.
I'd suggest the only omission of positives is the fact that PW continues to refer to Argo as a BlockChain Technology Company, and while it isn't explicit, I don't think we should/will always be 'just' a BTC miner. Arguably we're already past that with the ePIC agreement and other investments (Zcash, Pluto etc).
Technically speaking, it's not really possible to ban cryptocurrencies without banning the internet. Restrictions could certainly be applied to exchanges and transactions, but the fact that so many mainstream players (PayPal, Visa) etc and big institutions have invested means that any potential for such restrictions could be fiercely lobbied against by such organisations. Peer to peer transactions are also here to stay in my opinion.
Good thread. Likes.
CC
I have no idea what this means.
Is this good or bad?
It means buy more and Hodl for Godl, right?
I read a really quite depressing end of year report from another company this morning.... Argo's will more than make up for it though.
I don't envy Peter's job in putting it together - I hope he made a start already.
CC
Yes; we like to buy the dips, but once we've bought and it dips again we get angry.
"I bought the dip already, go up now...." : as if the SP should respond to my actions alone.
My Argo hoodie is almost dry (it's stood up to several washes very well : quality).
Later I will wear my Argo hoody and crowbar "Argo" "BlockChain" "Hodl for Godl" and "MoonBoom" into as many conversations as I can.
Later I will drink Guinness as I missed St Guinness' day.
Soon enough the next rise will come.
The Revolution can't happen overnight [not always, anyway].
CC
@Hollamatronic - I can offer some search terms if you want to look into it? Pretty sure you can find out yourself if you're actually interested. It's not all just about the traditional 'buy something to make money' approach, so your 'begging for a couple of quid' analogy is a bit of a duff assumption, I'm afraid.
India makes up around 17.5% of the global population, but is only responsible for around 1% of daily crypto trading - not much is it.
In my opinion the worst thing about the current India situation is that widespread adoption of crypto's could be an opportunity to level the field in a Country where around two thirds of the people live in poverty.
Now, I wonder why those with money and power would not want to provide their fellow humans with that opportunity....
Perhaps we should be stepping back and reflecting on that?
CC
Might just be a symptom of the good ship Argo being somewhat adrift in the doldrums at the minute. We're piled full of treasure and there's positive news floating around, but no actual movement.
We're all going a little stir-crazy.
I enjoyed your arm wrestling post, as did others.
Technical analysis is great, but likewise becomes frustrating and a source of bickering when overdone.
It's some of the other stuff that creates community here.
As much as we're a self-regulating group, to some extent, the mods can implement the rules on what is or is not appropriate.
That's what I think this morning, anyway.
CC
Very good point AlphaOmega - that was my first though the other day when Alice jumped by 20000% or whatever it was - I was simultaneously thinking - "what's going on here, It's a gaming token..?" and singing that annoying song to myself.. Then I think I realised that it was it's first day listed on Binance, so it's retraced now to something like 50% of the peak on day 1.
Having said that though, haven't people legitimately spent hundreds of thousands on real estate inside Decentraland?
Strange world.
Worth keeping in mind that there are literally hundreds of options to consider, and a rapidly increasing field.
How much we may end up with somewhat (more) of a quagmire of junkcoins to wade through whilst looking for the next big thing I'm not sure. Keeps your interest though.
Also worth considering what it is you're looking to find - a store of value similar to BTC, a gas token which will grow in use/demand & value, or something else.... CHZ (Chiliz) which went on a surge recently describes itself as a 'currency to power sport & entertainment', and as well as other things, enables creation of 'fan tokens' for football clubs etc, so could be described as representing "the value of fan dedication" - if the most important thing to you is to demonstrate your 'whaleness as a fan', then I suppose you will buy at any price....
I'm guilty of some frenetic jumping around with trading, but I also try to accumulate certain crypto assets which I see as having long-term potential; ADA being one (- I like their philosophy and scientific/peer-reviewed approach, but that doesn't guarantee business success).
I traded out of DOT recently as I got bored of it cycling around from $33-38 ish.... I'll go back there at some point.
POLY (Polymath) is also worth looking at in my opinion : due to launch a new blockchain (Polymesh) at the end of this month : specifically designed for International compliance in creating security tokens / tokenized assets (equity, bonds, real estate, art, IP etc....).
I'm accumulating VET also as it's cheap as chips currently, but they have a good angle as a supply-chain management tool and are based in SE Asia, where there's quite an appetite for crypto. I'm hopeful that it gets picked up by one of the large international product supply/distribution companies.
Agree also that it's probably not a bad idea to buy some BitCoin, as it is really looking like the 'Hoover' of Vacuum Cleaners, in Crypto terms.
Obviously Argo is not only exposure to BTC mining, but is also a Dynamic BlockChain Technology Company that I'm sure will lose it's loose tether to hourly / daily BTC fluctuations as it expands.
I think I basically just used lots of words to say; No, I don't know....
Enjoy your research & decision process!
CC
Good thread.
In the absence of any other suitability titled opponents, can I do everyone a favour and take on Pearls? Granted, it's a tenuous link.. ..we're just arm wrestling, right?
Yes.
@Rr101 - you didn't ask me, but I'm going to respond because I read you post and I'm still awake; Binance phone app & PC ["website"] actually look and function a little differently so in my opinion it would be good to register and access both to and see which suits you best.
I think it's really good in terms of "additional" functionality (app & website - website is easier to navigate for me) - gives you lots to browse/read/discover if you're motivated and not afraid to click (tap/press) on stuff - if anything it's guilty of having too much.....
Lot's to think about in terms of Crypto / BlockChain - it's not just finance....
Enjoy!
CC
*(
[The curse of the ghost parenthesis strikes again..]
..timing, as always, isn't it :
Alice was on a storm today on Binance, but she'd already smashed the place up before I got there..
Enjin has been doing well though.
I even treated myself to some diverse holdings via the Enjin wallet FWIW - quite like it) - you can buy NFTs and other digital assets via their wallet, so I'm now hodling some gaming items which people will need to buy off me if they want to hasten their completion of BlockGames [Mwahahahaha!], and I also own some digital artwork. Which, if I'm honest, is a lot like taking a screenshot of what I bought, but I own it legitimately. Take that Copyright Police.
CC
[Still UK Argo ramper #18? Need to check. I've been busy with other stuff.. Might need to post more MOON..]
Maybe it's not the weekend anymore & the stock markets are open again, so saddo's like me have finished with intensively trading the crypto market and have drifted back to boring old stocks for a few days.
The Institutions & Saylors can do their bit for now, then we can start again later in the week.
Maybe not.
Just a thought.
What phase is the Moon in?
Hodl for Godl.
CC
Morning all,
If you don't subscribe to CoinDesk's updates, I'd recommend it as a way of regularly receiving fairly brief summaries which will increase general understanding/awareness and give you plenty to look into if you wish..
This week's update..
[FYI, posted with this info : "PRICES (03/14/21 @ 12 p.m. UTC): BTC - $50,772.07 | ETH - $1,668.69"
:
I'm typing this 14 hours later than their post-date, and BTC is @ $60,222,14]
..has some interesting reading around;
Digital Assets / NFT's - emerging market, perceptions & price discovery for the "Digital representation of emotion & value" (badly paraphrased);
This link [ https://www.seetee.io/static/shareholder_letter-6ae7e85717c28831bf1c0eca1d632722.pdf?utm_source=Sailthru&utm_medium=email&utm_campaign=Crypto%20Long%20%26%20Short%20March%2014&utm_term=Crypto%20Long%20%26%20Short ] to a letter for the shareholders of a Norwegian industrial conglomerate [Aker ASA] announcing a new company [Seetee AS], dedicated to investing in bitcoin companies - a very interesting 23 page statement (worthy of a coffee and a read this morning);
An update re Banks/Institutions & Greyscale potentially creating a BTC ETF (they've advertised jobs for this);
And..... This brief mention of Argo;
"Bitcoin mining companies are taking advantage of the bull market and record miner revenue to diversify their activities:
Argo Blockchain (LON: ARB) has taken a 25% stake in a $40 million digital asset fund run by Pluto Digital Assets."
Yes, it's brief, but it's awesome exposure for us, and is right there in the midst of some very significant news in the sector.
Shame they didn't include the USA ticker too....
All lining up for a pretty good week, I think.
CC
Yeah : Nah. Still GME etc. And adopting all the animals.