Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Mining difficulty doesn’t drop just because price drops, granted it’s related, but it takes time. The last difficulty increase was 10% last Saturday. The next difficulty is estimated to be 1-2% but if the price rises and more people mine because it’s profitable it will continue to rise until it shakes some out.
If BTC price is expected to rise exponentially this will also.
https://diff.cryptothis.com/
Good coverage of fall, FUD and TA
https://youtu.be/BHs8zbMLK3I
I’d like to see 2 or 3 drills running at once again to speed up resource upgrade to indicated and hey some idea of the true size of the deposit.
I assume it’s just one rig scheduled to do the 40m spacing? I guess they can be pricey....
If you look at the 15 year gold chart, the price actually went down in 2008 it was only in the aftermath it moved up. I believe that’s what we will see with gold this time round. Will be Q2ish (based on not much at all, only the previous pattern! Lol) the all our dreams come true!
Yes just a side discussion, irritates me when people try to audit the boards. They are here for all to discuss why they will.
I love Bitcoin! I may be able to get a decent size holding here now...Fkn ace.
I can’t wait for the day this gets back above 2 quid, it’s been such a big part of my life reading this bloody BB, learning what “epithermal” means. Amazing how getting spiked gave me huge motivation to see what I had actually put 10 grand into. Got spiked with a “BigBertha - T25” but decided to keep all the shares. Sjould have sold on the second wave but held again - doh! I think I put £10k in, it went to 12p (old money). Should have sold it all then. I was captured by the story though and the huge potential.
I’ve always believed this will return to north of 2 quid, I just vastly underestimated time lines for an explorer.
Bar a meteorite or civil war, we should be good here just a very slow burner. Motors when she does move though!
I think the first two pushes to 2 quid were II’s and Jim Melon. Good to have another institution to buy to get things moving, though they can sell due to internal strategy with no regard to SP as we have seen.
GLA
I have a question is anybody is able to answer plz?
Why are we not on the main market? Does anybody know what the acceptance criteria is? I assume a chunk of money, and a minimum market cap. Though I have seen companies with lower market caps than us on the main market. Do you have to have positive revenue?
Many thanks in advance.
I got 6000 shares for £270 in ARB, annoyed as I did have 30000 :) I’ve always wanted to put more in here but couldn’t justify it. Sold 2500 for £2200, will keep 3000 for a year and hopefully get the timing right and get lots more here!
You can get one way leverage on miners of BTC same as you can here. I don’t care if BTC is the next Gold or not, clearly some sentiment to cash in on and put money in Gold 1.0 stocks like CNR. People 100% BTC may wish to diversify 50/50 to with Gold. That would be a nice wall of money.... lets see how it all plays out.
I’m 45/45 CNR,ARB GOLD/BTC and 10% in YU. Energy supplier that dropped from 10 quid to 50p on an accounting issue, not sure it will get back to 10 as that was pre COVID.
All profits from ARB being dropped into here. I assume with fairly respectable people giving sky high predictions that it will either get half way there then tank or it will exceed everyone’s expectations. Who knows? One solar flare and the whole things screwed though ;)
I don’t think BTC will replace gold but may limit upside, at least for now. Might as well ride the btc frenzy on a leveraged miner play, exactly the same strategy as here.
GLA - this time next year Rodders! (Too emotionally involved to ever leave this one, my first investment 10 years ago lol)