Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well we are still on track. BTC suffered from low volume yesterday and the expected bounce was at resistance of 52.7. When it was going up in the last cycle it did struggle around 54.5k and we thought it was making a strong resistance point. This could be the bounce up to 64k but we will see. Still have outstanding ARB RNS's which will not be far away.
So after the interview last week we are aware we are awaiting unannounced news on new rigs and texas contracts. Pretty sure one will be this week. Further to that, for anyone that hasn't been keeping up to date with the BTC charting, this fall has to occur to get higher after too many bounces off the resistance. Fingers crossed we could push past £3 this week.
@Pearls - I do agree and its an apparent flaw with this HODL situation that your effectively not profit making. I mentioned the other day and its interesting Peter talked about it, why not put loans against BTC if your so confident in its future?
So yesterday we discussed the short term investor discontent at the dilution and how it was carried out. I noted on there that apart from the listing we are not aware of upcoming short term news. I believe after the interview yesterday this has now changed with the following points:
- Contracts already signed but not announced for the Texas build
- Machines purchased for the short term but not announced with ePIC machines to be announced later in the year
- Finger is on the pulse with the NASDAQ listing
Updates that can drop any day are exciting and keep the impatient invested (like myself) imo.
@K3VMC - Whether that is true or not, it's a start up company which is impossible to predict it's share price in a year. It does nothing for me as a medium term shareholder. We are debating two different points, I'm not disrespecting the all great PW -_- I'm just stating people its knocked confidence. It will all be forgotten about in a couple of weeks
@Herdie - I don't disagree at all. I've been very open and said I'm 100% at £3.30 SP which is already set. What PW did was certainly the right thing to do if he needed the shares ASAP and Pluto will be a very successful venture I'm sure. However, the short term SP will take more than the 3% dilution hit which is not manipulation.
@K3VMC - I mentioned the only short term news is the listing.... Shares in Pluto are long term investment gains that will be seen in the company valuation. That ain't helping a good chunk of us here for the medium run.. Also dropping shares in that format is like something from a circus and at such a discount. All I'm saying is, this isn't manipulated, its knocked shareholder confidence
There isn't the buying pressure to knock through the resistances. You have to think we've had a huge rise in a short period of time, consolidation + dilution will hurt the SP. Further to that, PW giving out shares at £2 when a lot of us have topped up much higher than that will knock share holder confidence. Unfortunately now, there is no short term news to get excited about from the ARB front apart from a listing which we sill haven't heard anything about.
Why is BTC up X% yet we are only X%. BTC has been looking bullish for a few days and certainly looks unstoppable to $63-65k in the coming days. Please be mindful with the short term shares issued/cashing in and no expected news in the coming days, there will be a disconnect! However, no reason why we cannot see all time highs this month.
Please don't take your masks to care homes you moron!!!