Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think a lot of people had quite unrealistic expectations of the results and were expecting some sort of blockbuster news. Argo is still a relatively new company in a completely dynamic space and I think in the past few months, we have seen lots of potential + a strong leadership.
However, from the results today I predict that this company will grow slowly over time and along with it, the share price. We shouldn't really expect huge re-rates (unless Bitcoin goes above 20k in a short space of time) but rather expect slow organic growth over the next few months. It takes time to buy and install more machines which generates more profits so a long term view is essential here.
It is fantastic to see so many intelligent investors who are capable of understanding the mining space and patient enough to ride through the storms. I do still think that the BOD can do more to reward current investors and attract new investors but this will all depend on the next few months.
Bitcoin seems to be doing its part too so its only a matter of time folks :)
Same here Duke. My largest holding here . I was thinking that the next 3 months will be huge for Argo because :
1) Bitcoin halving 2) Ridiculous level of quantitative easing which can only be a positive for Bitcoin 3) Among all the chaos, ARB keeps chugging away, lot cost & efficient. These are probably the main indicators although I guess there are many more (feel free to tell me) but I was wondering what kind of impact these indicators would have on the share price. I would love to see this share at its full potential but I can't quite put a number on it!
http://themaskedstocktrader.blogspot.com/2015/01/why-are-buys-showing-as-sellsthere-are.html
Have a look at this Neil, might give you a bit more info :)
I know they are just day traders, but it is truly laughable that people are still selling at this price.
So far there are two investments which are lagging behind - interbit and blockchainK2. However, with the recent rise in crypto and general positivity towards a blockchain based future, this is a no brainer.
We don't even need to consider those two investments as airportr and weshop are substantial enough to cover our mcap but we haven't even seen the full potential of argo blockchain which could hit 20p in a few months or maybe even more depending on crypto. Rosslyn Data is another great investment which is in it's recovery phase, current price is 7p and our investment price was around 5.5p. The potential on these two investments alone is massive.
There are other investments as well such as Vibe and Stream TV which not only have potential, but there is proof of their potential though continued investments and development of new products.
The only thing that is stopping this share from reaching new heights, is the lack of realisation of these investments. AIM companies need solid news to gain any momentum and even then you have these day traders affecting the price and most of them lose out due to a lack of research and long term approach to investing. Once any news comes out, which it will, we won't see these prices again.
With the recent rise in crypto, increasing momentum in the blockchain sector and a society where creative solutions are needed to solve existing problems, it is only a matter of time before people will truly catch on to the potential of this company.
Smart investments - Argo, Airportr, WeShop, Interbit
Smart directors - sold some interbit shares at a high price, bought more argo shares at a low price, tight guidelines to choosing investments - not just any company that is hyped up for no reason.
Remember that this is a high risk business with early stage companies, so all in all, I think Vela has done extremely well for choosing the right investments and sticking by them. All we need to do now is wait for the market to wake up. It's only a matter of time so enjoy the ride. Good luck to all long term holders!
https://www.proactiveinvestors.co.uk/companies/news/221103/rosslyn-data-slashes-losses-by-75-turns-cash-generative-in-last-financial-year-221103.html
Couple of interesting positive signs these past few days :)
Just a side note, the share price for Nektan PLC is on the rise today after annoucing a partnership. For those who don't know, Nektan is a company invested by Disruptive Tech Limited which is one of Vela's investments. http://www.velatechplc.com/investments/disruptive-tech-limited/ http://www.nektan.com/ http://www.proactiveinvestors.co.uk/companies/news/197516/nektan-enters-us-sports-betting-with-metric-gaming-partnership-197516.html While we are all bickering and arguing about BTL, BK2 and Argo, might I remind you that Vela have other interesting investments who are making gains slowly and steadily which includes Rosslyn Analytics. GLA.
It is good to have a level headed analysis on the share price rather than ramping/de-ramping as neither will affect the share price. What's even worse is the childish approach to beat down the other person, it's about time you guys learnt to grow up. So far, Sankeys always gives a realistic view on the company based on current conditions which imo is the right way to analyse the share price. Vela will come good no doubt about it, but it's time we have civilized discussions about this and ignore certain individuals for good. GLA :)
https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain Future is bright for blockchain :)
https://globenewswire.com/news-release/2018/03/27/1453301/0/en/BTL-Sets-April-23rd-as-the-Test-Launch-Date-for-Interbit-Its-Chain-Joining-Blockchain-Platform.html *Taken from BTL message board*