Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Remember they are fully funded till income, so can not be wrong at this price"
That's what they believed previously but I cannot see how they could be so confident now. They now seem to be focusing more on Method C, have faced issues and delays regarding methods A and B where they are still testing potential solutions and they have no idea on when they may start to roll-out anything to the market.
They seem to have gone from advances discussions to having (in the last NINE months) 'entered into early-stage exploratory discussions' with miners and manufacturers so appear to be going backwards. Perhaps the next RNS will say they've come up with an idea!!?
The most bizarre thing to me though, in what is a very bizarre update overall, is that they are now spending time and money developing their own chip but NOT to mine bitcoin, instead simply so that they can test all their other ideas on it.
I've seen mention here of 'hidden gems' being in this RNS but it just seems to be full of holes, curiosities, contradictions all leading to more unanswered questions. Besides, what PR department worth their salt hides the good stuff in their updates?
I think they would have been better off not issuing this at all and just waiting for the results of the live testing (unless these still miles away). As it is, it is all very baffling. The only thing more baffling is that so many here seem to think this update is in any way good, are surprised by the fall in sp and are buying off the back of it. If anybody can explain what I've missed and how this is a better buy today than it was yesterday (even with the much lower price now) then I'm all ears. As it is though I dumped half this morning and the rest will be got rid of with on decent bounce.
"All the shorters trying to put a negative spin on this but clear as day that they are about to go commercial with US bitcoin miners."
Really? And if this does open blue I'll be slamming down hard on the sell button. As it is I'm just hoping for not too bad of a drop and probably sell out on that instead. How anybody can see this RNS as in anyway positive is beyond me (desperate ramping? denial? rosiest of rose-tinted glasses?) but let's just wait to see how the market does react.
It's a shame Jam is currently suspended as it would have been interesting to see what positive spin he could possibly put on this rambling, damp squib of an RNS. I also wonder whether FG still believes they are funded through to revenue with the problems, delays, uncertain timescales and also method C now taking the headlines?
Totally agree Reardon - and although you've always tended to be one of the more positive posters (more glass half-full rather than my glass half-empty) you never resort to ramping or abuse and are always prepared to see negatives and not just the positives. Shame there are very few like you left posting nowadays.
Let's just hope the results spring a nice surprise and things can finally start looking up from there.
"You have some serious god like personality."
Thanks! Very kind to say so but I wouldn't go quite so far myself though.
PS - Sloppy wording there by investopedia but otherwise good to see they back up exactly what I was saying about the price.
"I'll do you the courtesy of answering your question even though you didn't reciprocate"
Because I've answered the same or similar question from you many times in the past (in the your T4G days). I get bored repeating answers to the same question so don't bother.
T4G - You can now add four more posters attacked by SCB (again with another misleading statement in my case as I never said a rights issue doesn't dilute a company's share price (you can't 'dilute' a price). It always dilutes the share (by definition) but its impact on the share PRICE depends on the discount and the reaction to the right issue. The price doesn't always go down - but usually does (because the impact of the discount usually offsets any positive sentiment) and often the sentiment is negative anyway.
In terms of your own posting I've included your time doing so as T4G.
T4G - I post rarely now as there is nothing going on much with BOO at the moment and nor likely will there be until the next set of results (and even then they are only expected to be in line with their already reduced guidance so will have to look hard for anything really meaningful there).
Otherwise this board just seems to be populated with a few die-hards taking swipes at eachother and playing he said, she said. All the other posters seemed to have moved on or simply lost interest.
Besides, from experience any potentially useful discussion on BOO just tends to be pounced upon by you or SCB to try and spin the discussion in favour of BOO using selected, irrelevant or misleading 'facts' and often descends into a circular, point-scoring exercise where you both keep moving the goalposts to try in vain to score one. That's of course when the discussion doesn't just revolve around watches, holidays and other tacky suggestions of supposed wealth and success.
So happy to leave you to it most of the time until something actually happens here of real interest. In the meantime it's a pretty dead board as the tumbleweed continues to roll on by...
Bfd maybe you could count how many posters SCB has attacked on this board. It's strange you seem to find his behaviour acceptable.
Who has the time to delve into posts from years ago just to carry out yet another pointless attack. That is what is truly weird
"The person to be thanked for this site being covered 24/7 by Daynighttrol is Uncle Doug."
That may be true but the only reason you appear on this board is to troll DTN as every post you put on here seems to be about him and nothing about BOO or anything else. Admittedly you are nowhere near as prolific but it still seems like a stalkerish, weird kind of obsession - not to mention a bit hypocritical maybe?
"You would think this cycle would be different though, given ATHs been blasted through pre-halving, which hasn't happened before."
Yes, but ETFs haven't happened before pre-halving. In any event there is a lot of talk about trends at halving but there have actually only been three previously so not really enough to read too much into any patterns.
"I don't know whether he in practice had much say and was just doing what he was told."
If he was just doing what he was told then I think they definitely need a new CFO - one that is strong enough to have a voice and be a good voice at that.
Surely we’ve know they’ve been testing ‘breakthrough technology’ for ages. What on earth is 160% greater likelihood of mining BTC if it isn’t ‘breakthrough technology’. It tells us nothing new. Whether it does actually work or not is what would be new or even knowing that they are further down the road.
Pain, what will make me happiest on this stock is if a deal is announced next week as I think that will rocket the sp well into double figures and I can sell my shares for a very tidy profit. It would mean that my doubts would have been proved unfounded but I don't think having those doubts is unreasonable nor is expressing them. I think I would be a very strange investor indeed not to have any doubts about my investments, especially on AIM, and even more especially on a company that hasn't yet delivered a product that has been proven outside of their own lab (as far as we know).
Instead you just make up things like I'll disappear if there is good news and take on another 'facade'. But it seems ok for you and others like you to make things up about my, or other posters' agendas, call them names, accuse them of having multi-ids etc. as somehow it's fine if you do it. It's the hypocrisy that I find so 'disappointing' on these boards - to use your own word - but then again I should be used to it by now I suppose.