Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They're crawling out of the woodwork. I realise that forums such as these do provide a place for people to talk nonsense, but some of the conspiracy level stuff about PW and Argo is pretty astounding.
I can only surmise that some of you have come to warn us as part of your overwhelming empathy for your fellow humans about what is about to befall us.
If you have done your research on the fundamentals then "ceteris paribus", this is a profit making company.
If other factors come into play such as increased mining capacity via new machines, positive partnerships, diversified investments and the Texas development then it will become more profitable.
This is all assuming that bitcoin remains roughly the same as today. If you truly believe the price of bitcoin won't increase or at the very least stay above a profitable level in the medium to long term, then I'm at a loss as to why you're here apart from your desire to commiserate with your fellow man about their loss making venture.
I thought you were an investment banker? I'd have thought you'd have understood how markets work?
@poptomist. Let me rephrase. The degree of "hand holding" that pw does is greater than most organisation I've ever invested in. But, people seem to feel that even that isn't enough. They want him to explain every nuance, every price movement and answer every question they have. This just isn't realistic. My view is, that those people who want that kind of constant reassurance are probably not best suited to holding shares in volatile stocks. The Q&A released this morning was set up last week. Not this morning. There's two parts to it.
@Hod10 Agree. To be honest, the degree of hand holding some 'investors" seem require here, indicates to me that they're either gamblers chasing their losses or very new to investing. Alternatively, perhaps they just don't look at the fundamentals or do any actual research before throwing their money at stuff in the hope of fame and fortune.
the terms of the Q&A were laid out last week. Ask questions and funny ones appreciated. Your lack of sense of humour is your issue, not the issue of the Q&A.
The Q&A had questions that needed to sifted through, responded to and edited. There is a part two to come. Seriously though, if you don't like the company's fundamentals, invest elsewhere. Otherwise you're just looking ridiculous.
Raised the expectations of the terminally stupid. The Q&A was announced based on doing just that. Bringing it out at 7am is to give people a chance to watch it before starting their workday in the UK.
The framework of the q&A was laid out pretty clearly. Ask questions and funny ones were expected.
Some of the responses to the Q&A on this forum are hilarious. If you are that disappointed and you think you’re being had and you think there’s a problem and you don’t like the company then why on Earth are you invested in it?
Sell up, take your losses and move on. Chalk it up to experience and go find another company that will hold your hand every moment of every day and get you that Lambo.
Herdie
Logical process.
I do love the idea that 16 years from now daughter number one will come on this forum and probably see the same circular discussions :-)
The pavlovian focus on the hour by hour SP on here leads me to believe that although many of us are long term holders, lots of people here are only in it to realise gains they might see when trading in Crypto or they're revolving their figures around the original stratospheric rises hoping that will happen again in the next 12 months.
So my question is
What's your exit point?
Mine is 2-3 years away although I will revisit this if we hit £15 or stay under £2.5 by EOY
Looks like a genuine rationale for where we are at the moment.
@hahahehehoho "Are people that thick"? Yes, yes they are
My particular favourite are the 'buy high sell low' people. Notably saying at some point every day "I'm leaving here because it's doing badly and heading to (insert company name) because they're flying and then I'll come back when this is flying"... Lol.
Agreed, some people seem to have the attention span of goldfish.
@d2c2 lol Probably a little bit blunt for PW, but, I suspect that's what he'd be thinking.
Sadly patience is a quality that appears to be in short supply on this forum. The absolute need for instant gratification is a little bit worrying. If you don't think the share will add long term value to your portfolio, then sell and move on and stop crying. Investing Is a risk, if you're not willing to take that risk, then perhaps investing isn't for you and you should put your money in a savings account.
A stock that has been "flatlined" for two months, is not a flatlined stock. What on earth are people expecting? Double digit growth daily?
Argo isn't dual listed. It's cross listed. A subtle but really important difference
https://www.morningstar.com/stocks/xlon/arb/ownership
Top 20 shareholders
Amplify Transformational Data Shrg ETF
Miton UK Microcap
Schroder UK Smaller Companies A Acc
Marlborough Nano Cap Growth P Acc
Alcalá Multigestión Oricalco FI
HAN-GINS Tech Megatrend Equal Wgt ETFAcc
Evolve Innovation ETF
Delphi Europe A
Base Inv Macro Dynamic EUR
CIMA Global Value SICAV
BTC is literally at $58,510 as of 1pm
6 Months ago it was circa $35800
1year ago it was circa $7,000
What on earth are your expectations?
If any of your investments climbed by that amount in 12 months or indeed in 6 months, you're on a winner. It doesn't mean it'll do that every 6-12 months.
Sometimes I do wonder about what people think investments are supposed to do. Go back five years and if your portfolio grew by more than 15% p.a. you'd have been over the moon. Now people are unhappy with 500% in six months.
Herdie
Thanks.