focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Simultaneously sliding back on LSE. WTF ? Not much synchronicity between any or
all of these listings lol. Maybe put it down to an odd low volume week, with tax loss
selling in the US on winning stocks perhaps playing a bit part. At least the the new
US stocktwits holders do seem almost unanimously bullish....
StockyCreed
Bullish
12:13 PM
$ARBKF
good afternoon London! You are eyeing half a quid today! The sleeping beast of the Thames has awoken!!!
MARA diluted yesterday due to placing some big hardware orders . I topped
up my position at the same time. They may not got their hardware order filled
right on time, but at least they are front running the queue. I spent quite a lot
of time (am having my annual week off this week) reading the Stocktwit Mara board -
it was amazing how many times ARB popped up during the last couple of hours of
chat. ARB consolidating nicely, weak hands have left. Now preparing for take-off.... !
Was looking to open a position in Bit Digital BTBT this afternoon. Its the only
'cheap' miner excepting Argo of course. It opened up 33 % on Nasdaq today.
I decided that was a big premium, but would 'buy the dip' if the markup on the
day dropped to around 20-25 %. Just checked it again...and she's up over 100 %
Ouch - that hurts. Some guys on here will be selling tomorrow am with a premium
of say 50 % and think they did well. Will they still think the same if Argo up 120 %
by the close ? May then have to wait for days to find a good entry, which wont be
nearly as good as the exit they left behind.
Bit Digital Inc
NASDAQ: BTBT
OverviewNewsCompareFinancials
11.60 USD +5.81 (100.35%)
One big problem with precious metal miners - there are literally hundreds of them
You can spend weeks making sure you've picked some good prospects, but if market
volume is weak...traction very quickly lost...and traders move on. With BTC miners,
there are only a tiny number - maybe a dozen or so in the West to choose from. If
there is any corporate interest in these ahead, which seems highly likely ....the stock
prices could become truly spectacular over the next couple of years.....
Is most likely to ''dollar cost average'' (as it's known) ...ie buy a few more ARB etc every Friday
lunchtime for a couple of months, regardless of (almost) any outside influences. If I was a more
disciplined investor - I would do this. Might possibly miss part of the pot, but also avoid getting
spiked - leading to those miserable sweaty palm days etc.... am sure there will be plenty of them
along the way - there always are ( - :
And the very refreshing sight of some high teen percentage gains already,
I'm starting to shrug off some metal mining shrapnel, and debating buying more
'virtual' miners. Half of me is saying we dip to 15-18k BTC, the other half saying we
blast straight through 30 almost immediately. May have to toss a Canadian Silver
Maple....while I still have a few....!
Thanks for some great posts from Billfunk and others. After a very rough 6
months in precious metal miners, only exception being Greatland Gold, a UK
listed stock ironically - my TSX stocks were a complete bust of late, made a
sudden and decisive switch to Argo 70 % and Mara 15 % and RIOT 15 %. These
now my only stocks in a Junior ISA plus a non SIPP pension. I dont know the
first thing about hash rates etc etc etc, but can read enough between the lines
to see that this could be the chance of a lifetime. Who knows ?
Kraken: A high intensity ‘bulls-eye’ magnetic anomaly with the same amplitude, character and depth extent as observed at Havieron. IP results indicate a strong chargeability anomaly coincident with the Kraken magnetic anomaly.
The above, taken from our website , points to Kraken being the most prospective target,
based on the geophysical data collected. Is that where we drilled ? What depth did we
reach, how many drills were utilised, where are those drills being deployed now or next ?
Of Triangle, O'Callaghans, Tim's Dome , 17 Mile Hill and Chicken
Ranch are similar in terms of proximity to Telfer as our prospects
are in relation to Havieron. Are any of these 'advanced projects'
likely to be mined at some point ? Did these targets exhibit as much
promise in terms of their magnetic and geochemical signatures
prior to commencement of drilling when compared to our own
targets ?
To help with my own back-of-envelope calculations - in what directions are we
still open at Havie ? Or, to put it another way, could we finally see 2 times, 5 times
or whatever is your gut feeling about what this particular target has in store i- n
terms of future drilling and possible multiples of what we have now ? Thanks in advance.
It really means its time to back up the truck. Makes it highly likely that all
the targets are part of a trend. First we had the Carlin Trend, then came along
the Paterson Trend. Probably at that point I will consider a house remortgage,
and dispose of one or two classic cars : ) There is a very slight chance that....this
could turn out to be a totally mindblowing situation.
Who knows ?
I think a good hit here will probably put 30p in the rear view mirror, and
maybe 35 p could disappear too. We would undoubtedly be off to the
races at this point. A bad miss though - would make me very happy my
last customer bought me a case of Riocha after we restored his E type lol : -)