Member Info for HarChris

Opposite. JW likes lots of positive rns' in a row, I'd imagine the timing is to help this rise further into close so we have an even higher share price to kick on from tomorrow.

I do feel for you Steve but maybe you need a bit more experiencing before chasing these very volatile miners up and down?

It's very tough.

The FSS contract had the potential to push the share price to 30p and beyond but market conditions worsened and very few meaningful contracts followed alongside a revenue warning and fairly poor financial results (albeit backwards looking).

Recently we’ve ridden that negative wave of sentiment, had the letter of intent for the Major Vessel Refurbishment project (£60-£70m) + today’s very positive news. Throw a successful JR result in the mix and we should be quite confident that sentiment will be rip roaring here again.

Get to Q2 op update without any liquidity issues, show that the ramp up is happening successfully (50% capacity / 3750t per quarter reached and heading towards 75% capacity by Q3) + secure debt financing for the next leg of expansion and I think we'll be back to 50p+. If additionally graphite prices have increased and sentiment has returned to the space more generally then the share price will be a hell of a lot higher.

Execution from the management and patience our end should bring great rewards here.

'I know its a gamble, Mr close to 2000 posts on this one stock. '

Well with your 105 posts in 15 days rate you'll have far surpassed Codejunkie's post count by this time next year!

It's not just that... it' the job data just released too. Nasdaq flying and gold rising too.

Well I pulled the trigger and bought 45k shares - wish me luck guys!

Tony, I think it's as basic as sentiment being poor across the gold mining sector and hence there isn't the buying pressure to counteract the Odey sell off. Given time, positive news and sentiment returning to the sector i'm sure any rise here will dwarf that of other gold plays that haven't seen the sell off that Shanta has relative to company progress.

15p+ will come.

92 posts in a month and still you seem to be filled with questions and confusion.

BP, we've known for this yonks. A year ago at ~35p share price the question was 'will Argo survive long enough to avoid distressed asset sales/deeply discounted placings? The answer to that turned out to be no. The question now is 'can Argo survive long enough to reach another bitcoin bull run? That's the bet today at ~8.5p. If yes they'll almost certainly touch 20p again (even if only briefly) and if no well, they are obviously toast.

Longer term even if they make it to another bull run there's a lot that has to go right for the company to turn itself around, I'm merely discussing it from the medium term trading perspective.

Where did you get that from? In the rns it says 46 BTC / BTC equivalents held but in the August update it just says 46 BTC as of July 31st. So in fact their small hodl is entirely bitcoin now it would seem.

Don't disagree with any of that but I would say that the positives were more of a surprise than the negatives. We don't know exactly when those current liabilities will need to be dealt with so Argo could still run into trouble in 2023 but if I was to throw a finger in the air and guess when the next round of funding would be needed I'd now say April 2024 when before I probably would have said December 2023, that's a considerable difference and increases the chances of a successful trade from here quite substantially.

I'm certainly tempted to throw a few K at this for the first time in a while.

I did stress last week that the share price action was not at all related to the likelihood of JR success and to wait til Tues/Wed for that - I might be right for once!

Well they will have a lot of new shareholders on board already since the last voting as the share price has almost doubled and all those having bought in will be in profit and probably quite happy as it is but yeah, would think they need to maintain this momentum and release at least one positive RNS in the interim to guarantee getting enough votes over the line this time around...

As someone who is generally negative on this bb but also prides themselves on honesty...

...that was better than I was expecting. It doesn't seem like cash was down to the bare bones at the time of the placing in July and and only a portion went towards paying down debt hence should be sitting on a enough of a cash pile to see them through the rest of 2023 sans bull run.

Would be interested to hear what Hexam thinks of those results.

Is that the first close below $1 this year?

It's nice to have a day off from tracking shares... meanwhile Novacyt continues to trade on the Euronext - up just shy of 7%.

Almost everything will fall in the immediate term if there is a full blown market crash. This is something that investors have to accept whilst ensuring that the companies they are invested in will come out stronger. The aim of investing isn’t instant returns but consistent and meaningful returns over a longer time horizon.

Have a think if investing in AIM stocks is for you - 7% return in a savings account might be a better alternative.

What you at least need to understand is that a company's valuation is based on many factors, not just EBITDA and net income.

Of first and foremost importance on AIM and particularly in times like these is a strong balance sheet. Novacyt has that in the extreme with £81.7m cash (prior to acquisition) and £0 debt. This gives them enormous breathing space to turn around those admittedly poor income statement figures and what with Yourgene being the first acquisition there's hope that will start to show through soon.

To keep things simple imagine the dispute goes in neither parties favour... Novacyt now have their own assets, their own portfolio, their own IP, Yourgene's portfolio, assets and IP and around £55m to shift that operational loss into a profit. If a clear change in direction is seen with profitability posted the following year then we'll likely see a 20X price earnings multiplier applied and possibly higher if there's momentum behind it. So all it takes from all the assets and £55+ to invest is to see £10m+ net income that'll give us a £200m+ mcap / 4 times return from here.

Very achievable without even winning the court case outright.

I used to think this oddball lacked the ability to be subtle and sneaky but I've come to realise that more likely they're purposely leaving tells so as to stir up a reaction. Very weird way to spend one's days, obviously serious mental heath issues involved.

I'm particularly looking at Microstrategy myself. They have til at least mid 2025 before any of the debt repayments come into play that could force them to start liquidating their HODL so that's a good 12 months for bitcoin to rally post halving.