Member Info for HarChris

Exactly OR. 2023 ha always been the year when everything comes together - significantly higher production, significantly lower costs (in order to self-fund future growth), completion and operation of E-plant, Vametco mini grid. As well as all this vrfbs appear to be reaching an inflection point just as we are about to spin out BE.

Everything is looking rosy except the share price due to excessive concerns over load shedding (not playing these concerns down but I believe we are still delivering huge profits that are not being reflected in the share price). Confirmation that all is well next week in the Q4 update and the recovery should start.

You've got to put aside your rational thinking cap when it comes to Argo at times. If you look at the last bull run Argo was at least 5 times the price of whatever any sensible person could determine as 'true' or 'fair' value and yet it maintained such a high valuation for nearly 12 months.

Personally my take is that this could happen again, Argo could easily rise above 30p and stay in a, I dunno, 30p to 50p range for many a month. The question however is will funding be forthcoming this time around knowing full well that obviously fundamentally 50p is ludicrous (£240m market cap) given such small operations, no HOLD and not insignificant debt? I'm not sure but possibly with a big enough discount funding will be found.

It's a hell of an ask medium term for the management team IMO but that won't matter to those holding today if they get the chance to exit at multiples of today's price.

Any financial loss caused by load shedding is now being more than outweighed by the financial gain that we are seeing from vanadium prices increasing - RBC predicted that V in Europe would be at $31/kg by January 2023 and not much higher in the US and yet we're now at just shy of $39/kg in Europe and $41.5/kg in the US. Our large stockpile is also gaining in value which strengthens the balance sheet further.

Bushveld are in the strongest position they've been in for some time EVEN if you factor in the worst case for Vanchem and load shedding.

There are tons of large cap, medium cap and small cap miners based in South Africa and across the continent and they’re doing just fine - so are Bushveld, it’s just the perception that is the issue at the moment.

Hopefully that’ll change soon.

Personally don't trust those sorts of accounts on twitter, I was saying a few months ago how they tend to build a huge following either being bearish or bullish during a long upturn or downturn but they are always the last to spot the reversal - another case here potentially.

Like you say, they often go missing too.

So so nearly closed my bitcoin mining positions yesterday expecting a deep pullback, relieved to say the least!

More likely the author simply is barely aware of Bushveld (management to blame there) but their content is littered with errors so they don't seem that credible to me.

We are now 16% of Largo's market cap yet next year we are expected to be producing about 80% of what Largo is. We also own a large amount of CellCube which has a very promising future as VRFBs look ever more likely to truly take off.

We need the next update to quell some of the uncertainty but nah, there's more than one game in town.

'Huey, we’ll be sub 70 today. Opened red again. Could be 40-50p after the update.'

Good call as ever.

And I don't care if your comeback is 'well it will happen next week', you called it today and as more often than not is the case it did the opposite.

Good post Xenor, isn't that the truth? You simply can't grow without either raising money through placings or through debt but in Harl's case they have won an absolutely enormous contract for a business their size that is not only championed and funded by the government but also comes with investment to transform the shipyards. £77m is not small fry, it's over twice the current market cap, imagine the company trying to raise that over the next half decade in order to get the shipyards where they needed them to be able to win the sort of tenders they had ambition to win - that's the sort of dilution Harl are able to avoid now thanks to this contract and follow on investment.

As for a placing I'm sure there will be one further down the line, I'm sure they'll come a point when the share price catches up with the business developments and the management seize the opportunity to pay off some of the built-up debt but that will be at a share price many times where it now, it's a problem for future buyers and future holders to worry about, not current holders buying in today at just 20p.

'Debt is crushing this company; public money up front, and lots of it, is the only chance of survival.'

What total nonsense. As if the government would have accepted Team Resolute's bid if that was really true for a project that is on going until 2032. As if they would give it to a consortium that involved a barely solvent company...

Anyway the debt isn't that high at all, in the most recent interims total liabilities was given as £57m... that is less than the investment going into the shipyards and pails in comparison to the amount of work H&W is picking up.

You used to claim that you were here to balance out all the ridiculous rampy pie-in-the-sky share price predictions but I'm looking down the page and I can't see any of that whatsoever, all I see is you throwing your weight around asserting your own very negative share price outlook.

Do you still think you're needed in this self-appointed role?

Yeah the shock of that guidance and the reality of how much activity has slowed has already been and gone, would be pretty impossible to underwhelm this time around - the most interesting and important figure in these results will be the cash position.

Possibly Kaeren, either way threshold was crossed yesterday so not necessarily selling still today.

Probably got to accept it's a big red day across the markets so maybe wait for another day for the next big rise.

Stokey, it's highly possible that entities like Killik need liquidity and cash in what has been a dire market, reducing slightly doesn't suggest that they don't believe in the medium term success of Harland.

Anyway they sold yesterday which simply means they likely sold 10% of their holding around 21p after the rise from 16p (and 14p just a few days before).

Chaebol you were a lot more successful when you were acting as an Il Capo proxy! Are you remaining bullish here short term?

There were less shares in issue, sure, but the market cap was still about £68m - granted the economic picture has worsened since mid 2021 but the picture here has totally transformed.

The share price reached 55p in 2021...

Is this strategy called the Harland HODL?

Traders just selling as they're pathologically wired to take profits after a day like today where they feel they got in early... but this is going way way higher.

I'm not positive re the long term prognosis but I do recognise that people go mad for bitcoin related shares when bitcoin starts rising. So far it's merely rallied from $17.5k to $21.2k, if it were to go to $25k then $30k and beyond in the coming weeks/months then there's no denying that Argo pumps hard.