Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It may prove to be a very unwise decision but I took this as a chance to average down on my previous 31p average . But of a binary play now but my gut says there might yet be value here . My head says probably not .
31p in my trading account as I got in on Monday. Rather more in my SIPP and I am not even looking at what's now that bottom draw. Hopefully one will balance the other over time given todays positive news
You beat me to it , just listened to that. Argo first named as the buyer of these chips 1000* faster and more energy efficient
I wonder what acquisition they plan to make that will increase MC by at least £10m. I imagine there is something planned and maybe part progressed as it’s quite a specific deal to have the options exercisable at that point and at 1p and also tied to how hard he is working . The question is what deal (s) has he been working hard on . The intrigue builds and this could pop soon .
It locked on HL at 66p pre close . Notifiable interest would be good but Director buy looks more likely to start moving this back to where it should be
I took a chance on this last week when it fell to low 50's. Looks a nailed on buy to me with the issues hopefully being resolved and today's announcements re Covid making it clear it looks like being something we live with. As somebody else suggested a Director buy would give this an immediate surge but near double digit daily gains are nice anyway
Can quickly turn to a traders nightmare if you are out just as news drops
We went to 7p on rumour so this may be a pump n dump but what price on solid contract news . That’s the question dear Watson
Great binary play - drift down to 0.5p or shoot up to ?????
Market likes dovish approach iof JP. Crypto looking good too
James show this evening is a miner review
Agreed flowerpot and he seems a top man . I like cryptosrus for roundup and entertainment but wondered if George left the dca trio as just not up to that standard of analysis
Apologies if posted already but James on Investor Answers (IMO the top crypto blogger) discussed Argo on Sunday and why it didn’t track BTC ATH at c 15 mins
https://youtu.be/PF5eZ84qI-s
The date the Mt Gox BTC may begin to hit the market is 20/11. James on Investor Answers (YT) gave a really good explanation of it (around 4-11 mins in) on Tuesday. My guess is there might be some whale games to manipulate the market and pick these up as cheaply as possible before letting this BTC baby ride up next week. It looks like knocking Plan B's estimates well off-target though. Great time to have money on the side for buying
Tiger - I saw the spot ETF had been rejected . I believe there are other planned applications though . All will likely be rejected in the short term and one theory is they will be rejected to control explosive BTC rises and let the market move in a steadier way to enable” big” money to buy in first
I watched that this morning. Excellent as ever by James . The best blogger /analyst online and a daily must watch for anybody invested in this space .
I think atm we are seeing the pull backs that precede a pump , manipulation by the hedge funds who want to leverage longs and get in at a cheaper floor , and the Mt Gox shares coming on the market .
But at any moment BTC could pump again as part of its natural volatility . And Elon could announce he has used his Tesla share sale proceeds after tax to buy BTC or Brazil could follow El Salvador . Or a spot ETF could be approved , or technically not rejected.
It’s a dangerous time to sell BTC/the better coins or any stock tethered to BTC in whole or part
Evergrande rumours and leveraged longs being liquidated are reasons for the flash crash. Normal service being resumed and $70k in sight soon
The alt coins bring far greater risk.. In the short term though they bring greater rewards, even the s*it /meme coins. They are a play to increase your BTC holding and atm a very effective play for doing that.
The more interesting question for me is what play are the miners. They were a leveraged play against BTC. Thats flipped recently and the miners have seemed stagnant. As this bull run comes to an end (if it does ) it will be interesting to see where that balance settles. ATM we seem undervalued as the likes of Micostrategy have been for their BTC holding alone. We of course also have (hopefully) increasing capacity to find more in the race to 21m.
The sale of BTC is the very last thing we should do. I might even entertain the idea of letting PW sell my vinyl collection before doing that! Saylor's view on this is spot on (as it is on most things BTC related IMO) , BTC is the pristine asset and it should be used as collateral but HODL'ed at all costs. As to the miners I would add to that with an eye on diversification but not with any risk of taking laser eyes off BTC focus.
https://youtu.be/v1sPEz9fb4E
Interesting point made at around 0.45 secs in re the miners, first buy all the miners , then buy all the equipment then buy all the BTC .
Good summary as ever 600 thieves .
It’s quarters and years from here .
In weeks and months though the question for me is whether crypto is the leveraged play in the short term and miners in the medium term. Long term they diverge when BTC reaches $1m by 2030