Member Info for HarChris

Great interview and shows how much potential there is for BMN. Just as I finished listening the buy quote came down from 15.6 to 15.2... hello Bushveld my new largest holding!

Bitcoin is not gold. Yes in its short life it's seen incredible appreciation but it is still not proven and could well fade to nothing over the next few years. Blockchain technology is proving itself and will almost certainly be part of the future but not necessarily bitcoin. The change in strategy from selling bitcoin to fund operations to HODLing and finding alternatives is high risk. Argo, alongside many other miners, changed strategy whilst bitcoin was appreciating dramatically with most crypto analysts/proponents predicting $400k+ as the peak of this bull run. Many of those same analysts have rowed back considerably now and are going with ~$100k as the likely top now, that's some climb down.

I agree that I worded it poorly, they ARE making profit, very good profit at that currently. The nature of bitcoin mining however means that the number of coins over time that Argo mines will decrease and decrease and decrease so prices must continue rising just to standstill. For this reason Argo aren't likely to ever justify growth stock p/e values, but most on here know that already and aren't suggesting anything like 50+ like you would see otherwise.

Bitcoin won't keep growing yoy 200%, there isn't the fiat in the global economy for that, especially as that fiat is spread more evenly across crypto coins and other digital assets.

Rookie, if you could read you'd see that I mentioned the forward projections are far more positive. What I was responding to was the comments saying this should be flying because the full year reports showed £1.7m profit. A lot is priced in currently.

And actually no, they aren't making any profit currently because they are HOLDing but if bitcoin kicks on (as I continue to point out) then the financials are going to look pretty impressive going forward. If bitcoin were to tank the company would be penniless sitting on a £750m valuation - see the risk?

High risk high reward currently.

ArgoBull, completely agree. It doesn't stop loads of posters coming up with one as an argument for why this share is so cheap right now, I just did the same.

I think Argo is fairly valued, bitcoin is not a commodity that has proved itself yet so there is massive downside here as well as humongous upside. It's laughable to blame manipulation for why this isn't flying today.

I do think the share price can still kick on from here but it requires bitcoin to kick on considerably - if this is the year of bitcoin then six figures ($100k+) is necessary imo.

£1.7m profit and an mcap of £725m makes a p/e of approx 425.
Granted that is likely to shrink considerably and markets are forward looking but cheap as chips it is not.

The most I've been able to buy in one go is 15k shares past few days, very frustrating

You want a dividend with £1m profit? If you're in need of a fiver just ask.

These are not necessarily buys, they are all late reported trades. Most will be sells.
No problem here, SGH will swiftly be back above 100p but might be further downward pressure this week...

RC I agree with most of your post except the P/E - right now Argo is more of a commodity miner than it is a tech company. Bitcoin is volatile and mining will become more and more competitive with a halving of the reward every four years so a p/e of 20 seems a bit steep to me. P/e closer to 12 (in line with traditional miners) unless they've diversified further by then.

The rising price of vanadium is seen on this BB as a positive but is there a sweet spot before the price starts to affect demand? I notice that the price is actually relatively low and stable currently when looking at Ferro Vanadium and zooming out a few years, so what is best for BMN in terms of price? Is it beneficial if we see a price surge or is a steady price around the $40 mark ideal?

One of the worst hosts I've ever come across - he's a poor listener, interrupts constantly and is generally pretty clueless.

I think it's fair to say Scinv had lost faith in the CEO before he/she even put his/her first penny into SNG. The question is why did you invest in the first place when you held RM in such low regard? You really need to have full confidence in the CEO to invest in small cap stocks like this...

I agree (re both shares rocketing and the peppery green leaf). Didn't think we'd get the chance to top up below the placing at this point, just trying to decide whether to wait a little longer or snap them up now!

I don't have a problem with you, I'm not sure why you're asking me that. I just wondered if you were still invested or one of those types who post even more once they've sold. It seems you're leaning more towards the latter.

Scinv, I've not really been following this bb. (By your own admission) Are you still invested here?

The ability to cut your losses is, imo, the biggest thing that separates good investors and bad. Psychologically the average investor just can't bear to sell at a loss and yet they are more than comfortable selling a winning share that then goes on to rise much more as they feel like they made money anyway.

At any point in time you should sell if you think the share price is going to lower, buy if going to be higher in the future. It's as simple as that.

It might be easier for me as I sold a good portion of my shares at 170 and above but I'm certainly looking to buy more if this drops any lower. I'm not sure it will (and not hoping for it either) but the risk/reward only gets better if you think SNG will prove to be highly effective.

I think WorldQuant might be doubling down on its short, perhaps waiting til buying pressure dropped off knowing it could likely kickstart a selloff and claw back some of its losses? If that is the case then it means even more shares to buy back in due course.

I reduced considerably a few months ago but never sold out here. In all honesty I kinda expected news to take longer than expected, what I didn't expect was the SP to hold up quite so well as it has - think back to a year ago when it retraced 50% prior to P2 readout. I've been waiting on the sidelines for top ups around 120p but it hasn't come, a positive sign imo.

On a side note, is ShareSting still about in your private chat groups? He was full of beans and bursting with confidence a few months back but I've not seen him post on here for a little while...